Novo Tellus Capital Partners has moved to take control of Procurri, a Singapore-listed provider of IT services and data center equipment in which it acquired a minority position two years ago.
A consortium led by the private equity firm has offered to buy 82.1 million shares in Procurri for S$0.365 apiece in cash, according to a filing. This would take its interest in the company from 23.1%...
Justin Ryan, a managing partner at Quadrant Private Equity and latterly head of the Australian firm’s growth strategy, is stepping back from day-to-day investment activity.
KKR has contributed JPY4 billion ($37 million) to a JPY6.6 billion funding round for Netstars, a Japanese QR code payment gateway operator. SIG and Lun Partners, a Hong Kong-based global financial technology investor, also took part.
Pine Labs, an India payments start-up backed by MasterCard, PayPal, and Sequoia Capital India, has acquired Fave, a Malaysian counterpart also backed by Sequoia India, for $45 million.