Baring PE Asia in new attempt at Courts IPO
Baring Private Equity Asia has resumed efforts to list electronics and furniture retailer Courts Asia in Singapore. The PE firm, which controls Courts through Asia Retail Group, attempted an IPO in 2010 but withdrew the offer due to valuation concerns.
Courts lodged a preliminary prospectus with the Monetary Authority of Singapore last week. JF Asset Management, New Silk Road Investment, Target Asset Management and Value Partners Hong Kong have agreed...
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