Standard Chartered Private Equity Limited (SCPEL), the investment arm of UK-headquartered Standard Chartered Bank, has led a consortium comprising L Capital, LVMH Moet Hennessy Louis Vuitton’s investment firm, and a former managing director of Peace Mark Holdings, in a deal that took nearly 80% of Sincere Watch, the Singapore-based luxury watch retailer.
Sincere Watch has been up for sale since September last year, after Peace Mark, its Hong Kong-based owner, was revealed to have difficulties over repayments for $230 million owed to more than 50 creditors....
Michael Granoff, founder and CEO of Pomona Capital, discusses raising capital from Asian LPs, how GPs can be differentiated in a crowded secondaries market, and why he’s not keen on fund restructurings
Japanese mid-market buyout firm Tokio Marine Capital is spinning out from its corporate parent to form an independent investment manager known as T Capital Partners.
Centurium Capital, CITIC Capital and Hillhouse Capital are part of an investor group targeting a $4.6 billion take-private of China Biologic – just over a year after committing new equity to the US-listed company to protect it from other would-be acquirers.
Groww, an Indian financial technology provider focused on mutual fund investment services, has raised a $21.4 million Series B round led by US-based Ribbit Capital.