Baring Private Equity Asia has agreed to privatize Pioneer Corporation through a two-stage revitalization plan that will see it invest JPY102 billion ($905 million) in the struggling Japanese conglomerate.
It was announced in September that the private equity firm would inject up to JPY60 billion into Pioneer, including an initial bridge loan of JPY25 billion. The revised agreement will see Baring invest...
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).