Fosun, A Capital co-invest Club Med
A Capital Asia, the Hong Kong-based private equity and financial advisory firm, has announced a PIPE co-investment with Fosun, China's largest privately-held conglomerate, in Euronext-listed Club Méditerranée (Club Med), with Fosun picking up a 7.1% stake in the business.
The deal amount was not disclosed, but based on latest closing prices for Club Meds stock, is around EUR23.38 million ($28.14 million). With the deal, Fosun becomes a leading strategic minority investor...
More on Europe
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.