Deal focus: Yao Capital backs new motor-racing formula
With its investment in Formula E, Yao Capital hopes to help electric car racing achieve some of Formula One's success, but with an emphasis on China, downtown circuits, younger fans, and environmentally friendly entertainment
CVC Capital Partners paid $2 billion, including $1.1 billion in debt, for Formula One in 2006. Six years later it made a partial exit worth a reported $2.1 billion, reducing its holding to 35.5%, and then...
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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.