KEB late entry bidder: Hana
Lone Star Funds' long-drawn-out exit from Korea Exchange Bank (KEB) appears to be finally drawing to a close with the late submission by Hana Financial Group of its bid in the auction of the full 57.27% stake held by Lone Star Funds and the Export Import Bank of Korea.
However, as confirmed by company spokespeople, Australia and New Zealand Banking Group (ANZ) – hitherto the favorite for the acquisition – is also still negotiating on the deal. “Korea is an important...
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.