Swedish investment firm Kinnevik has revised downward its valuation of Indian online classifieds platform Quikr, citing fraud-related concerns and a changed measurement metric.
Kinnevik, Europe’s largest listed technology investor, disclosed in its latest annual report that its 17% stake in Quikr is worth SEK941 million ($96 million), down from SEK1.7 billion a year earlier....
MGI Tech, a Chinese manufacturer of gene sequencing devices, has raised more than $1 billion in funding led by IDG Capital and CPE (formerly known as Citic Private Equity).
IMM Private Equity has agreed to acquire Korea Kolmar Holdings’ pharmaceutical contract manufacturing organization (CMO) and its drug development business for KRW512.5 billion ($413 million).
Exacta Capital Partners, a Singapore-based private equity firm affiliated with Mizuho Bank, has led an acquisition of gym operator Anytime Fitness Asia for an undisclosed sum.
Marelli, a leading global automotive components supplier formed when KKR combined Japan’s Calsonic Kansei Corporation with Europe-based Magneti Marelli, has secured JPY130 billion ($1.2 billion) in additional funding to ride out a market downturn.