Sequoia backs Chinese vegetable producer MBO
Sequoia Capital has teamed up with the chairman and CEO of Chinese vegetable producer Le Gaga Holdings to submit a buyout offer that values the NASDAQ-listed company at around $183 million. Le Gaga has seen its net profit increase fourfold over the last four years, but its stock price has fallen 66% since the company went public in October 2010.
According to a regulatory filing, Sequoia and Na Lai Chiu and Shing Yung Ma, Le Gaga's chairman and CEO, respectively, are willing to pay $4.01 per share for all outstanding American Depository Receipts...
More on Industrials
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.