by Sebastian | Apr 4, 2021 | News
The valuation of ByteDance is approaching US$400 billion for private-equity investors, a source told the South China Morning Post, as the Chinese owner of short video-sharing app TikTok cements its leading position among global tech unicorns. The new valuation of...
by Sebastian | Apr 3, 2021 | News
Providence Strategic Growth Capital Partners is pitching investors on a new $4 billion fund, according to people familiar with the fundraising, which would make it the investment firm’s largest fund should it reach that target. The new fund, called PSG V LP, would be...
by Sebastian | Apr 3, 2021 | News
U.S. private equity giant Warburg Pincus has applied to set up a securities joint venture in China, regulatory filings showed on Friday. No information was given on an intended Chinese partner or shareholder structure and Warburg Pincus declined to comment. China...
by Sebastian | Apr 3, 2021 | News
Shares of SoftBank-backed Compass jumped 18% in their stock market debut on Thursday, giving the real estate brokerage firm a market value of $8.22 billion, after being priced at the lower end of the reduced IPO price range. Stock opened at $21.25, above the IPO price...
by Sebastian | Apr 3, 2021 | News
Deluxe Entertainment, a media production company acquired last year by Beverly Hills-based private equity firm Platinum Equity, announced April 2 that it has purchased Sony Electronics’ New Media Solutions unit. Sony NMS provides a wide array of media platform...
by Sebastian | Apr 2, 2021 | News
J.C. Penney Co Inc said on Thursday it has agreed to transfer $2.8 billion of its pension obligations to annuities provider Athene Holding Ltd, ensuring that the U.S. department store chain’s retired employees will continue to get their benefits. J.C. Penney, which...
