A consortium led by China’s Anbang Insurance Group has raised its all-cash offer for Starwood Hotels & Resorts Worldwide to about $14 billion, or $82.75 per share.
According to a statement, the US hotel group said the offer was likely to lead to a superior proposal as negotiations continue in the hotly contested bidding process. It follows an amended offer by Marriott...
Sequoia Capital closed its latest set of funds for deployment in India and Southeast Asia with $1.35 billion in commitments.
Ucommune, a Chinese co-working space operator that failed to get traction with an attempted New York IPO last year, has been acquired by a US-listed special purpose acquisition company (SPAC) at a valuation of $764.9 million.
Indies Capital, a Singapore-based GP focused on Indonesia, has reached a first close of $100 million for its third flagship private equity and credit fund.
EQT has submitted a revised offer to acquire New Zealand retirement village player Metlifecare at a lower valuation after facing a legal challenge over its attempt to terminate a previously agreed deal.