Rest of Asia
The sale would mark Blackstone’s first major exit in S Korea, where it set up a locally-based team two years ago.
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Greater China
Affinity Equity Partners already owns a 69.64% stake.
World
Blackstone’s net profit from asset sales fell 25% to $293.3 million as it cashed out fewer assets across its PE and credit portfolios.
It was the fund’s highest quarterly return in absolute terms since its creation in 1996.
Vietnam
This is the first announced deal of Center Back Capital.
The fund is close to reaching its target size of $100 million.
Singapore
The Chip Eng Seng-linked education business is said to be seeking up to $100 million.
The Veritas Capital Fund IX LP is reportedly seeking to raise around $12 billion or more.
Kioxia was acquired by a Bain-led group in a $18b carve-out in 2018.
India
Evolvence India Fund IV Ltd seeks to raise a total of $250 million in commitments.