Hahn & Co. buys Korean cement firm out of bankruptcy
One of the standout PE investment trends in Korea is taking ownership of assets from second-tier conglomerates that have run into difficulty and are forced to divest non-core assets. MBK Partners acquired Kumho Rent-A-Car in this fashion and it was also a key factor in Vogo Investment gaining a controlling stake in Tong Yang Life Insurance.
It is unusual, however, for private equity firms to buy these assets via the courts. Hahn & Co. did just that in acquiring Daehan Cement. The unit's parent company, Daehan Group, made a name for itself...
More on North Asia
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.