Pacific Equity Partners (PEP) has acquired a majority stake in Altus Group, which claims to be Australia’s largest provider of traffic management services.
The size of the deal was not disclosed, but The Australian reported that it valued Altus at approximately AUD 200m (USD 142m). The 20-year-old company calls on 2,000 staff and thousands and specialised...
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.