Baring plans to relist Courts in Singapore
Baring Private Equity Asia investment vehicle Singapore Asia Retail, a home furniture and appliances operator wholly-owned by its Fund III and Kuwaiti JV partner Topaz Investment Worldwide Inc, is reportedly looking to raise up to S$170 million ($121.5 million) by listing furniture retailer Courts Singapore.
Industry sources noted that the company plans to launch the IPO on the Singapore exchange in April. The Baring/Topaz investment vehicle acquired Courts' operations in Singapore and Malaysia through a series...
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