Uber strained for mileage in Asia’s ride-hailing battleground


As with Uber’s prior retreats, quitting a costly slugfest against GrabTaxi Holdings Pte will help alleviate Uber’s whopping losses.

Toys “R” Us said to court China PE firms for sale of $1b Asian arm

While Toys “R” Us wasn’t able to salvage its U.S. operations, the Asia Pacific business has continued to increase revenue.

Britain’s NEX receives preliminary takeover offer from US-based CME

Scooping up NEX would mark another attempt by a foreign exchange operator to buy into a British business.

PE firms Bain and Lee to break even as iHeart goes bust

Bain Capital and Thomas H. Lee Partners might gain even more from parts of the company that they’ll get to keep after it filed for Chapter 11 protection.

Australian retail giant Wesfarmers to spin off, list Coles division

Wesfarmers, caught in an aggressive price war with Woolworths, recently reported a drop in first-half earnings partly due to lower contribution from Coles.

Former Qualcomm chief seeks funding from SoftBank, others for buyout

Paul Jacobs has approached several investors in a bid to acquire the chipmaker, which he once ran and was founded by his father.

People Digest: Ontario Teachers’ appoints APAC chief; VP Bank hires SG pvt banking head

Ontario Teachers’ Pension Plan has appointed Ben Chan as the firm’s regional managing director for Asia Pacific, effective June 1.

S.Korea’s Lotte Data Communication gets approval for IPO

The planned IPO is part of a pledge by Lotte Group to simplify its holding structure through IPOs.

TPG Capital partially exits Australian poultry producer Inghams Group

In 2016, TPG listed Inghams on the share market with an equity value of up to A$1.5 billion ($1.1 billion).

PE-backed buyouts in Asia-Pacific hit record levels, jump 94% to $72b in 2017: Bain

The region now generates 22 per cent of global buyout value, up from 13 per cent in 2016.