South Korean GP Crescendo Equity Partners has agreed to make a partial exit from precision prototype manufacturer Model Solution as part of a deal that will see Hankook Tire assume control of the business.
Hankook will pay KRW68.6 billion ($63.4 million) for a 75% interest in Model Solution, with UK-listed industrial technology player Laird selling 51% and the remaining 24% coming from Crescendo. Laird...
California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US, plans to deploy up to $13 billion a year in direct private equity deals through two newly formed funds.
Japan Post Bank plans to increase the size of its alternatives portfolio more than fivefold in the next three years to JPY8.5 trillion ($76.5 billion). More than JPY2 trillion of this will be allocated to private equity.
Digital Garage and Toyota Tsusho, a division of Japanese automotive giant Toyota Group, have co-led a $30 million Series D round for Indian used-car trading marketplace Droom.
L Catterton Asia will invest INR1.7 billion ($25 million) in India-listed integrated fashion retailer Future Lifestyle Fashion (FLF).