EQT infrastructure has abandoned a bid it extended less than two weeks ago to acquire Australian broadband internet provider Vocus Group for about A$3.3 billion ($2.3 billion).
Shares in the company fell 20% to as low as A$3.68 apiece following confirmation on June 4 that the deal would not proceed. The stock jumped about 20% to a two-year high of A$4.72 last month when EQT proposed...
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).