CITIC Capital has acquired a controlling stake in Amoy Food, a Hong Kong-based manufacturer of cooking sauces owned by Japanese food and beverage maker Ajinomoto, for an undisclosed sum.
Ajinomoto will transfer 100% of the shares of Amoy to CITIC Capital Asian Foods Holdings, a joint venture between CITIC Capital China and CITIC Capital Japan, and will take a 15% stake in the JV, according...
Australian graphic design start-up Canva has raised $70 million from investors including US-based General Catalyst and Bond Capital, the new vehicle of Silicon Valley veteran Mary Meeker. It values Canva at $2.5 billion.
India’s Everstone Group has hired Suresh Vaswani (pictured), a former executive at Wipro, Dell, and IBM, as a senior director focused on investments in information technology (IT).
Sanjieke, a China-based vocational training services provider, has raised an RMB130 million ($19 million) in a Series B round of funding led by Wu Capital.
ADV Partners has agreed to acquire heavy vehicles producer Dutch Lanka Trailer Manufacturers (DLT), a Sri Lanka-based subsidiary of Indian conglomerate Tata Group, for INR3.05 billion ($43.7 million).