Wolseley exits Freshmax to Maui Capital
From cattle ranchers to fruit and vegetable farmers, PE interest in Australasia’s agricultural space is wide-ranging. In each case, investors are seeking to leverage the perception, particularly in Asia, that produce from Australia and New Zealand is fresh and safe. Quality comes at a price.
This led Paine & Partners to pick up a 50% stake in Costa Group, Australia's largest fruit and vegetable producer, in a deal that closed in October. One month later, Germany's BayWa completed the acquisition...
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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.