Deal focus: Affinity agrees chaebol restructuring carve-out
Apple iTunes store has a library of more than 26 million songs, a presence in 119 countries and revenues of $12.9 billion in 2012. Its US market share is around 63%.
In South Korea, iTunes' market share is close to 1%. The company has yet to gain momentum in the face of competition from local players that charge less than Apple's $0.99 per song. MelOn, which is owned...
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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.