IMM Private Equity is set to exit its approximately 94% stake in Korean food and beverage chain Hollys Coffee to local digital payments services provider KG Inicis for KRW145 billion ($124 million).
KG Inicis is controlled by KG Group, which also owns KFC Korea. The KOSDAQ-listed company will acquire Hollys in an all-cash transaction, according to a filing. Rival bidders reportedly included SPC Group,...
China Ping An Insurance Overseas Holdings has aspirations to manage assets for third-party investors. Spinning out part of the global private equity portfolio may help it get there
Buoyed by strong macro fundamentals and robust returns, Japan’s buyout managers continue to attract capital while most other strategies across Asia struggle. Will this popularity be sustained?
Zhenkunhang, a China-based distribution platform for industrial products, has raised $315 million Series E funding led by YF Capital - previously Yunfeng Capital - a private equity firm co-founded by Alibaba’s Jack Ma.
Japanese logistics technology start-up Openlogi has raised JPY1.7 billion ($16.7 million) in an ongoing Series C round featuring Sumitomo Corporation.