MBK Partners has fully exited Invoice, Japan’s largest telecom bill aggregation service provider, to Lone Star Funds. The sale price was not disclosed but sources close to the deal said the North Asia-focused private equity firm had generated a 2.5x money multiple and an IRR in excess of 50%.
Invoice, then listed on JASDAQ, accepted a tender buyout offer from MBK, acting in partnership with company management, in December 2010 and the transaction closed two months later. Three Invoice executives,...
Singapore-based Monk’s Hill Ventures has led a $5.3 million Series A round for domestic enterprise technology provider Saleswhale.
Unilever Ventures, the VC arm of consumer goods giant Unilever, has provided an early-stage round of undisclosed size to Australian skincare brand Dr Roebuck’s.
The center of gravity within Indonesia's private markets appears to have shifted from PE to VC. Is it a structural or a cyclical phenomenon?
Tiger Global Management has invested INR6.25 billion ($89.1 million) for a 26% stake in Indian agriculture industry sales platform Ninjacart.