TPG sees OK for SDB exit to Ping An
TPG Capital has had the way cleared for its exit from its pioneering PRC financial services investment Shenzhen Development Bank (SDB), as the China Securities Regulatory Commission (CSRC) gave Ping An Insurance Group approval to issue shares in exchange for TPG's 16.76% SDB stake.
The CSRC decision removes a question mark over TPG's exit from its highly successful investment, originally agreed with Ping An in June last year, but conditional on regulatory approval. Ping An stated...
More on Greater China
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.