Hassad backs India's Bush Foods, Standard Chartered exits
Hassad Food, a unit of Qatar Investment Authority (QIA), has acquired a majority interest in India-based basmati rice producer Bush Foods Overseas. The transaction facilitates the exit of Standard Chartered Private Equity (SCPE), which invested INR1.1 billion ($20 million) in the company two years ago.
According to local media reports, Hassad paid $100 million for a 51% stake in Bush, giving SCPE money multiple of 3x. "We are very excited about this acquisition which is a strong testament that Hassad...
More on Consumer
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.