ESR buys PE-backed real assets manager ARA for $5.2b
ARA Asset Management, an Asia-based real asset manager that was privatized by a PE consortium in 2016, has agreed to be acquired by Hong Kong-listed warehousing platform ESR for $5.2 billion.
Warburg Pincus, China’s Avic Trust, The Straits Trading Company, Cheung Kong Property, and an entity owned by ARA co-founder John Lim took part in the 2016 deal, which saw the company delisted from the...
Co-Stone leads $43m round for China biosynthesis player
Co-Stone Capital Management has led a CNY 300m (USD 43m) Series B round for Readline, a Shenzhen-based company that specialises in synthetic biology.
Australia’s Heal Partners closes debut fund on $137m
Australia’s Heal Partners, a health, education, and lifestyle-focused venture capital firm, has closed its first fund on AUD 200m (USD 137m). The target was AUD 100m.
US regulator gets access to Chinese audits
The threat of delisting that has haunted Chinese companies that trade on US exchanges appears to have receded after the US regulators announced they had gained full access to the audits of these companies for the first time.