Top private equity news of the week

Top private equity news of the week

A consortium of investors, led by Maverick Carter and advised by UBS Group AG and Evercore, is seeking to raise $5bn to launch a global basketball league. The league will feature six men’s and six women’s teams playing in eight cities worldwide. Singapore is one of...
IMM Private Equity fully exits Woori Financial with 2.4x ROI

IMM Private Equity fully exits Woori Financial with 2.4x ROI

IMM Private Equity sold its remaining 1.38% stake in Woori Financial Group for 166.4 billion won ($115m).  The firm executed the sale of 10.26 million shares through a block deal on January 9 at 16,218 won per share. IMM invested in Woori Financial in 2016, acquiring...