Pacific Alliance looks to privatize Secured Capital
Hong Kong-based private equity firm Pacific Alliance Group (PAG) has kicked off its tender offer to buy out Japan-listed private equity real estate fund manager Secured Capital Japan (SCJ), alongside its special buyout vehicle EL Bidco LLC, jointly set up by PAG and SCJ.
The price offered per share for SCJ was set as JPY 86,000 ($1065), valuing the deal at JPY20.4 billion ($250 million). The deal, conducted with the full support of SCJ’s management team, will delist...
More on North Asia
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.