Convergence Ventures, an early-stage venture capital firm based in Indonesia, has agreed to a financial and strategic partnership with Chinese search and web services giant Baidu.
The partnership will allow for both sides to trade technical resources and expertise, according to a statement. Convergence's portfolio companies can tap Baidu's knowledge and send founders to China for...
Apax Partners has sold its remaining 48% interest in GlobalLogic, an IT outsourcing company founded by several Indian entrepreneurs, to Partners Group. The deal values the business at more than $2 billion.
Bain Capital Private Equity has made a A$810 million ($613 million) buyout offer for BWX, an Australian manufacturer of branded skin and hair care products.
Kedaara Capital and Partners Group have agreed to acquire Indian retailer Vishal Mega Mart for an undisclosed sum from TPG Capital.
Navis Capital Partners has invested an undisclosed amount in Saitex Holdings, a denim products manufacturer for the global jeans industry based in Vietnam.