Billabong rejects improved $904m offer from TPG
TPG Capital has increased its takeover bid for Billabong International by 10% to A$841 million ($904 million) but the Australian surfwear company is still not interested. It said that the increased price of A$3.30 per share, up from A$3 per share, doesn’t reflect the full value of the company.
Billabong's board said in a stock exchange filing that talks with TPG have now ceased, although it is willing to engage with any party that makes an attractive proposal. Gordon Merchant, the company's...
More on Australasia
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.