MBK no longer in running for Korea’s Hi-Mart
MBK Partners is no longer the preferred bidder for South Korean electronics retailer Hi-Mart, having walked away from the auction after due diligence uncovered a worse than expected decline in the business.
According to sources cited by Reuters, MBK said that it needed more time to buy a 65.3% stake after seeing the company's recent performance data. Hi-Mart has however rejected the private equity firm's...
More on PIPEs
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.