L Capital Asia - a PE firm sponsored by luxury goods conglomerate LVMH - has secured its first Middle East investment with the acquisition of a minority stake in Bateel, a luxury confectioner based in Saudi Arabia.
The details of the transaction were not disclosed but Reuters reported that the GP had been in talks to acquire a 20-40% interest in Bateel. The company produces a range of luxury sweets and fine foods,...
BGH Capital has set the hard cap for its second Australia and New Zealand-focused fund at AUD 3.5bn (USD 2.5bn), having reached a first close of approximately AUD 3bn.
GLP, a regional logistics platform that makes private equity investments in ancillary businesses and technologies, has launched its debut Vietnam fund with USD 1.1bn in commitments.
Generation Asia Acquisition, a special purpose acquisition company (SPAC) sponsored by Roy Kuan, formerly Asia managing partner at CVC Capital Partners, has raised USD 200m through a US offering.
India’s M2P Fintech, a software provider that connects banking infrastructure to consumer-facing technology platforms, has raised USD 56m in Series C funding led by Insight Partners.