Singapore’s sovereign wealth fund GIC has joined a consortium of institutional investors, led by Hillhouse Capital Group, to invest around US$418 million through a private placement in Nasdaq-listed I-Mab, a clinical stage biopharmaceutical company. I-Mab is...
Bill Ackman said he has held preliminary discussions with Airbnb Inc., Stripe Inc., and others about potentially going public through a merger with his blank-check company. The billionaire investor held “get-to-know-you” discussions with Airbnb’s management, Ackman...
The coronavirus pandemic has hampered private capital transactions in e-commerce in the Asia-Pacific region, according to a report by data provider Preqin. Only $7bn were invested across 388 private capital e-commerce transactions in the region during 1H of 2020,...
US private equity firm Bain Capital is the new owner of Virgin Australia, with the largest group of creditors voting in favour of the $3.5 billion sale on Friday. Unions representing many of Virgin’s 9,000 employees voted yes to the sale of Australia’s...
Privately held Episerver Inc. said it would acquire Optimizely Inc., a technology startup backed by Goldman Sachs Group Inc. and actor Ashton Kutcher. Optimizely, which helps companies manage and test different versions of websites, raised funding last June at a $600... 