ETIC offers ARRK a lifeline
The Enterprise Turnaround Initiative Corporation of Japan (ETIC), a government-owned turnaround investment unit, has pledged JPY9 billion ($107 million) to ARRK Corporation, a listed manufacturer of prototype products, and its 67 subsidiaries.
The capital will be invested alongside Mizuho Bank and the Bank of Tokyo-Mitsubishi UFJ. To support the failing company, which aggressively expanded its operations through M&As, seven industry peers...
More on Restructuring
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.