The board of Australian electrical products manufacturer Legend Corporation has endorsed a takeover bid from Adamantem Capital at an enterprise valuation of A$100.6 million ($69.7 million).
The private equity firm is willing to acquire all outstanding shares for A$0.365 apiece – a 17.7% premium to the May 17 closing price – through a scheme of arrangement. This may include payment of...
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).