Two of the UK’s largest equity crowdfunding platforms, Crowdcube and Seedrs, are to merge, in a move that will accelerate their plans to create the world’s largest private equity marketplace. By joining forces, thousands of ambitious fast-growth businesses and...
MBK Partners is reviving its plan for a potential sale of Chinese freight forwarder Apex Logistics International Inc. which is riding a surge in e-commerce during the Covid-19 pandemic, people with knowledge of the matter said. The private equity firm is working with...
Alibaba Group Holding Ltd. agreed to buy as much as a 9.99% stake in Dufry AG, giving the Swiss duty-free giant a lifeline as the pandemic hammers the business. Dufry said Monday it’s proposing a capital increase that will raise up to 700 million Swiss francs ($763...
Japan’s NEC has agreed to buy Switzerland’s largest software provider to banks for SFr2.05bn ($2.2bn) in its biggest foray into the global fintech space. The sale of Avaloq to the Japanese technology group ends a three-year investment by Warburg Pincus, which paid...
The former head of the Asian arm of a private equity firm backed by LVMH plans to launch his own fund this year, having already joined the latest Wall Street trend with a “blank cheque” company listing in New York. Ravi Thakran will launch Asia 3.0, a private equity... 