Platinum Equity has agreed to buy PCI, a Singapore-listed electronics manufacturer owned by local conglomerate Chuan Hup Holdings, for S$203 million ($150 million).
Chuan Hup currently holds 153 million shares in PCI, representing a 77% stake. According to a regulatory filing, Platinum will pay S$1.33 in cash per share for the full holding, a 17% premium to the closing...
Xyb2b.com, a B2B platform that helps Chinese e-commerce companies source products from overseas, has completed an extended Series B round of funding worth $100 million.
Beijing Ubox Online Technology, a Chinese vending machine manager, has received RMB1.6 billion ($226 million) in funding from Ant Financial Services Group and Primavera Capital Group.
CITIC Capital has scaled up for its latest China fund, raising 75% more capital than in the previous vintage. The buyout-focused GP expects tighter liquidity to drive more corporate carve-outs
Tala, a US financial technology provider looking to expand its microlending operations in India, has raised a $110 million Series D round from a group including PayPal Ventures.