Quadrant Private Equity has exited Australian hygiene apparel brand Modibodi to Swedish strategic Essity for AUD 140m (USD 96m).
Quadrant took a majority stake in Modibodi in September 2019 via its AUD 400m first Australasian growth capital fund, which writes cheques in a range of AUD 30m-AUD 50m for minority and control positions....
The Carlyle Group has applied for regulatory approval to acquire a 26% stake in Taiwan-based sushi chain Zhengxian, also known as Sushi Express.
Hong Kong-based insurer FWD Group and Malaysia’s Artem Ventures have set up a MYR 45m (USD 10.2m) VC fund focused on insurance technology and Islamic financial technology in Malaysia.
DeHaat, which claims to be India’s largest full-stack agricultural technology platform, has closed its Series E round on USD 60m. Sofina and Temasek Holdings were the lead investors.
Temasek Holdings has launched an internal review into the circumstances that led to its investment in collapsed cryptocurrency exchange FTX, but Singapore’s deputy prime minister refused to criticise the organisation’s governance structures.