KKR agrees $1.6b carve-out of Walmart's Japan business
KKR has agreed to acquire a majority stake in Seiyu, a Japanese supermarket operator controlled by US-headquartered Walmart, in a deal that values the business at JPY172.5 billion ($1.6 billion).
The objective is to reposition the company, which has more than 300 stores nationwide, as an omnichannel retailer with a stronger online presence. KKR will take a 65% stake in Seiyu, while domestic e-commerce...
More on North Asia
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.