Ares Management has agreed to buy a controlling stake in SSG Capital, an Asia-focused credit and special situations fund manager with approximately $6.2 billion in assets under management, including $3.9 billion in dry powder.
SSG has raised $1.9 billion for its fifth fund, plus a sidecar of $825 million, according to an Ares presentation, although it did not say whether this constitutes a final close. As of May 2019, the firm...
B2B trading platform Chubby Bear not only wants to drive consolidation in China’s renovation materials space, but also provide exclusive products and supply chain services to contractors
AInnovation, an artificial intelligence (AI) consulting business established by Sinovation Ventures, has completed Series D funding led by SoftBank Vision Fund II. The size of the deal was not disclosed.
Secondaries specialist Lucian Wu has left his role as a managing director with HQ Capital in Hong Kong.
Malaysia-based middle-market private equity firm Creador has paid an undisclosed sum for a 30% stake in local tea shop operator Tealive.