Shanghai Jin Jiang International, a Chinese hotel operator backed by Hony Capital, has agreed to buy Europe’s second-largest hotel group Louvre Hotels from US real estate investor Starwood Capital.
The financial terms were not disclosed but the Financial Times reported the price exceeded EUR1.2 billion ($1.5 billion) and valued the company at more than 11 times EBITDA. Other bidders for the asset...
US-based Liberty City Ventures has led a USD 359m round for Hong Kong blockchain media company Animoca Brands at a pre-money valuation of USD 5bn, more than double its valuation in October.
Harmay, a China-based omnichannel beauty products retailer, has raised USD 200m across Series C and D rounds.
Novotech, an Asia-based clinical trials specialist controlled by TPG Capital, has secured USD 760m in new equity and debt financing at a post-deal valuation of approximately USD 3bn.
Quadrant Private Equity has sold Journey Beyond, an Australia-based experiential tourism business, to US-based Hornblower Group, which is best known for offering cruise and sightseeing packages.