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Neso Brands, a subsidiary of eyewear manufacturer Lenskart, has raised $100 million in a seed funding round, which will enable the firm to create a house of brands catering to the global market. The company did not divulge the details of the investors…
Private Equity firm KKR has taken up a “significant stake” in massage chair and lifestyle products group V3, the owner of the OSIM and TWG Tea brands. KKR’s investment is up to S$500 million in V3, valuing V3 at an enterprise value of about S$1.7 billion.…
Private equity company KKR is to invest as much as S$500 million (US$366 million) into V3, the parent of cafe chain TWG Tea and massage chair retailer Osim, to fund regional expansion. In a deal which mixes equity and financing, KKR will take an unspecified…
KKR & Co-backed Emerald Media led a US$65mil funding round in aCommerce, a Bangkok-based startup that helps brands including Samsung, Unilever and L’Oreal sell their products online across South-East Asia. The four-year-old firm, which already operates in…
Nissan Motor Co has decided to sell its entire stake in Japanese auto parts maker Calsonic Kansei Corp to U.S. private equity firm KKR &Co as part of a $3.8 billion takeover, the Nikkei daily reported, without citing its sources. KKR then will try to buy the…
To raise funds to cut debt, South Korean apparel retailer E-Land Group is selling a youth clothing brand to China’s V-Grass Fashion Co for nearly US$900 million. South Korea’s largest apparel retailer, E-Land Group says it expects to close the sale of its…
SMCP, the group behind French fashion brands Claudie Pierlot, Maje and Sandro plans to pursue its international expansion, particularly in China, where it will continue to open about 30 shops a year. SMCP president/CEO Daniel Lalonde says the strategy has not…
Subject to regulatory approvals, Chinese textile and apparel manufacturer Shandong Ruyi Technology Group has acquired a controlling stake in fashion brand parent SMCP. The Chinese company has signed an exclusive agreement along with global investment firm…
A US private equity giant is the successful bidder for South Korean hypermarket chain Kim’s Club, part of the fashion and retail conglomerate E-Land Group. Named the preferred bidder for Kim’s Club, Kohlberg Kravis Roberts (KKR) will now discuss with E-Land…
US private equity company KKR & Co tops a growing list of potential investors in Yum! China, the fast food giant’s planned spin-off. Bloomberg has named KKR, Baring Private Equity China and sovereign fund China Investment Corp as potential bidders for…
A carve-up of Tesco Asia operations seems increasingly likely with credible reports in three different nations now of serious expressions of interest. While markets await firm news of progress of HSBC’s quest to find a buyer for the Tesco Korea business, the…
Tesco’s obvious technique to attract out bidders for its Korean Homeplus operation is already paying off. Whereas personal fairness gamers have been apparently despatched invites to bid, the best way the information of the as but formally unconfirmed sale…
Private equity investors Anchor Equity Partners and KKR are to take a controlling stake in South Korean mobile eCommerce company Ticket Monster from Groupon. Anchor and KKR, in conjunction with Ticket Monster Korea management, will inject new capital into the…
