VIG Partners has agreed to buy a 55% stake in Bonchon International, a Korean fried chicken restaurant brand with 325 outlets across eight countries. The size of the transaction was not disclosed.
The private equity firm will become the master franchisor for a business that has grown in tandem with international interest in Korean cuisine. Bonchon’s first restaurant opened in Busan in 2002 but...
Trax, a Singapore-based developer of retail computer vision and analytics solutions with several private equity backers, has acquired US-based shopping rewards app developer Shopkick for an undisclosed amount.
Chinese art education platform Yiqi Technology Group has raised $40 million in the first tranche of a Series C round led by Tencent Holdings. It is said to be the largest-ever funding round for a start-up in this space.
Australia’s Square Peg has secured two new superannuation fund backers for its second fund, which has closed at A$340 million ($237 million).
JD Logistics, the delivery unit of Chinese e-commerce giant JD.com, has reached a first close on a renminbi-denominated fund that invests in smart logistics and related technologies. The full target for the vehicle is RMB1.5 billion ($218 million).