The Carlyle Group has sold more than two-thirds of its remaining stake in India-listed life insurance company SBI Life for approximately INR39.4 billion ($536 million) via a bulk transaction.
The private equity firm sold 41 million shares for INR960 apiece, according to stock exchange data. It retains 19 million shares – or a 1.9% interest – worth approximately INR19.1 billion. SBI Life’s...
SoftBank Vision Fund 2 is the largest participant in a KRW223.6 billion ($187 million) investment in Naver Z, the metaverse platform unit of Korean internet giant Naver Corporation.
Horizons Ventures, the private investment arm of Hong Kong billionaire Li Ka-Shing, has led a A$129 million ($92.3 million) Series B round for Australia’s Harrison.ai, a clinical artificial intelligence (AI) developer.
Airbus Ventures has led a $25 million Series B round for Australia’s Q-Ctrl, a quantum computing developer increasingly geared toward space tech and orbital infrastructure.
STIC Investments has led a KRW1 trillion ($840 million) investment in Iljin Materials, a Korean producer of electric foils used in lithium batteries and consumer electronics, to support the international expansion of its manufacturing footprint.