New Zealand infrastructure investors Infratil and HRL Morrison have offered to acquire a 75% stake in Australia-based radiology business Qscan for an enterprise valuation of A$735 million ($524 million), facilitating an exit for Quadrant Private Equity.
The deal would comprise A$550 million in equity – of which A$330 million would come from Infratil – and the rest in debt. Infratil and Morrison would hold interests of up to 60% and 15%, respectively,...
Yunwang Wandian, the e-commerce services arm of Suning.com, one of China’s largest retailers, has raised a RMB6 billion ($912 million) Series A round led by Shenzhen Capital Group.
Southeast Asia-focused private equity firm KV Asia Capital has exited TF Value Mart (TFVM), a Malaysia-based grocery retailer in which it has held a controlling stake since 2016, to Intermediate Capital Group (ICG).
NextGen Funds Management, a newly established GP in Australia, has launched what it is calling the country’s first dedicated artificial intelligence (AI) fund.
Hong Kong’s 3W Fund Management has led a $43 million Series E round for CANbridge Pharmaceuticals, a Beijing-based drug developer that focuses cancer and rare diseases.