Affinity sells frequent flier stake back to Virgin Australia
Affinity Equity Partners has more than doubled its money on Virgin Australia’s frequent flyer business, having agreed to sell back a 35% stake to the parent company for A$700 million ($480 million).
The GP invested A$336 million in Velocity Frequent Flyer in 2014 with the airline retaining 65%. The deal came as Virgin Australia was looking for ways to shore up its balance sheet. In July, the airline...
More on Australasia
Latest News
Philippines PE: Power dynamics
A virtually impenetrable middle market under the control of incumbent conglomerates is the least governable of the systemic obstacles facing private equity hopefuls in the Philippines
GGV backs Singapore dental 3D printing company
GGV Capital has joined a group of investors in a venture round of undisclosed size for Structo, a Singapore-based 3D printing company focused on the dental industry.
Ant Financial invests $92m in Chinese e-signature provider
TSign – a China-based electronic signature service provider – has received RMB650 million ($92 million) in Series C funding led by Alibaba Group affiliate Ant Financial. Other investors include Gobi Partners and Eminence Ventures.