Despite a few issues, South Korea has always been a favored market for Asian private equity investors. That is hardly surprising as the many of the best performing transactions in the history of the asset class in Asia have come out of Korea. It could be argued that the restructuring deals triggered by the Asian financial crisis – Good Morning Securities, Korea First Bank, and so on – transformed private equity in the region.
This period was followed by a spate of buyouts PE investors helped Korean companies grow in a meaningful way. Deals representative of this stage included Hi-Mart and Faceshop, both of which were exited...
Bertelsmann India Investments has earmarked USD 500m, provided by its eponymous German parent, for investment in local start-ups. The VC unit’s total deployment since its launch in 2013 is USD 285m.
UK-headquartered incubator Entrepreneur First (EF) has raised USD 158m, targeted in part at investment in Southeast Asian start-ups and expanding its reach in the region.
CDH Investments has agreed to sell New Zealand-based supplements manufacturer The Better Health Company (TBHC) to Nestlé Health Science for an undisclosed sum.
India and Southeast Asia-focused Panthera Growth Partners has reached a first close on its second fund with commitments amounting to more than half the overall target of USD 250m.