Orchid Asia has taken a minority stake in Shanghai La Chapelle, a PE-backed ladies apparel manufacturer that listed in Hong Kong last month, for HK$122 million ($16 million).
According to a filing, Orchid Asia VI has acquired an additional 8 million shares in Shanghai La Chapelle at HK$15.20-15.15 apiece. Upon completion of the transaction, the private equity firm will see...
The Carlyle Group has applied for regulatory approval to acquire a 26% stake in Taiwan-based sushi chain Zhengxian, also known as Sushi Express.
Hong Kong-based insurer FWD Group and Malaysia’s Artem Ventures have set up a MYR 45m (USD 10.2m) VC fund focused on insurance technology and Islamic financial technology in Malaysia.
DeHaat, which claims to be India’s largest full-stack agricultural technology platform, has closed its Series E round on USD 60m. Sofina and Temasek Holdings were the lead investors.
Temasek Holdings has launched an internal review into the circumstances that led to its investment in collapsed cryptocurrency exchange FTX, but Singapore’s deputy prime minister refused to criticise the organisation’s governance structures.