Australian private equity firm BGH Capital has offered to acquired Sydney-listed industrial software provider Hansen Technologies for an enterprise valuation of A$1.3 billion ($1 billion).
BGH has submitted a cash bid of A$6.50 per share for all outstanding shares, a 25% premium to the June 4 closing price, according to a filing. Hansen’s share price jumped about 10% to an all-time high...
China has imposed severe restrictions on private tutoring that appear to undermine the commercial viability of companies in the space, potentially making private equity investment unviable.
Best & Less Group (BLG), an Australian baby, kids and womenswear retailer, has raised A$60 million ($44 million) through a domestic IPO, facilitating a partial exit for majority owner Allegro Funds Group.
TransThera, a China-based drug developer, has raised $100 million in Series D funding led by CPE and China Structural Reform Fund.
B Capital Group has hired Sheila Patel, formerly the Singapore-based chairman of Goldman Sachs Asset Management, as a vice president amid a concerted Asian expansion drive.