Asia Alternatives Announces Fund Closings of $2bn

Asia Alternatives Announces Fund Closings of $2bn

Asia Alternatives, one of the largest independent Asian private equity fund-of-funds, today announced the final close of $2bn in new commitments across Asia Alternatives Capital Partners VI, LP and several fund vehicles. The Funds are focused on building a diversified...
SoftBank-backed Gopuff hires banks for IPO at a $15bn valuation

SoftBank-backed Gopuff hires banks for IPO at a $15bn valuation

Gopuff, the SoftBank Group Corp -backed delivery startup that was valued at about $15bn last year, has tapped banks to lead preparations for a U.S. IPO, people familiar with the matter said on Tuesday. U.S.-based Gopuff, which operates in 1,000 cities in the United...
US private equity firm makes move for Derby County

US private equity firm makes move for Derby County

A US private equity firm has reportedly made a £28m bid to buy Derby County out of administration. The news emerged just hours before the Rams fell to a 2-1 defeat to Nottingham Forest at the City Ground amid a deepening crisis that could see the club liquidated if...
Bain, CRC among bidders for parts of UniCredit’s leasing unit

Bain, CRC among bidders for parts of UniCredit’s leasing unit

UniCredit is weighing around five non-binding offers for parts of its leasing operations, two people close to the matter said, as CEO Andrea Orcel focuses on businesses that don’t tie up much capital. The bidders are private equity firms Bain and Christofferson Robb...
MTG sells ESL Gaming to PIF-backed Savvy Gaming Group for $1.05bn

MTG sells ESL Gaming to PIF-backed Savvy Gaming Group for $1.05bn

Swedish e-sports and gaming firm MTG has agreed to sell ESL Gaming to Saudi-backed Savvy Gaming Group at an enterprise value of $1.05bn, it said on Monday. MTG, which owns 91.46% of ESL Gaming, corresponding to $960 million, said it was expecting net proceeds of...