Rest of Asia
PE firm RedBird Capital and Jared Kushner’s Affinity Partners also agreed to finance the bid.
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India
ICICI Pru is also awaiting the nod to buy ICICI Ventures as part of its PE expansion.
Greater China
State-linked CNBM New Materials Fund and IDG co-led the investment.
Malaysia
The vehicle is understood to have crossed its $300m target.
World
It had received a non-binding proposal from the consortium in November.
The firm has an office in Dubai and is in the process of getting licensed in Abu Dhabi.
The offer gives the luxury group an enterprise value of 10x the core profit expected this year.
Singapore
The onshore private fund unit has liquidated three of its five funds.
The acquisition was made through a pre-REITs fund in which Gaw is a co-GP.
The firm is stepping up efforts to raise its second vehicle.