PE giants exit AMC to Chinese investor
Dalian Wanda Group’s ambitions appear to know no bounds. Last week the conglomerate completed what could be the largest ever Chinese takeover of a US company, paying $2.6 billion for AMC Entertainment. Wanda’s goal is to unite AMC’s movie theater chain with its own and create the world’s largest theater network. It is willing to invest an additional $500 million in AMC to reinvigorate the business.
Amid these lofty ambitions, it is easy to forget that the AMC sale represented a much-needed exit for the firm's five private equity owners who had held the asset for eight years. Back in 2004, when...
More on Consumer
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.