TAXI HAILING T MAP MOBILITY TO ISSUE NEW SHARES WORTH $357.3 MILLION

Highlights –

• Taxi hailing T Map Mobility to issue new shares worth $357.3 million.
• The shares will then be allocated to two private equity funds (PEFs).
• T Map Mobility’s move comes as it plans to compete with Kakao Mobility.

BRITAIN’S CVC CAPITAL LIKELY TO BUYOUT TOSHIBA CORP. IN A PRIVATE DEAL

Highlights –

• Britain’s CVC Capital likely to buyout Toshiba Corp. in a private deal.
• The terms of the deal will be discussed between the two companies and also the government.
• Toshiba received the initial proposal by CVC on Tues...

SHISEIDO CO. TO TRANSFER ITS PERSONAL CARE PRODUCTS BUSINESS TO CVC

Highlights –

• Shiseido Co. to sell its personal care products to the European CVC fund.
• It will sell the products business for $1.5 billion.
• The Japanese beauty company will acquire a 35 percent stake in the new company.
• Shi...

KOLMAR KOREA HOLDINGS CO. TO SELL OFF PHARMA BUSINESS UNIT

Highlights –

• Kolmar Korea pharma and business unit to be sold off
• IMM PE deal led by Samil PWC
• Memorandum of Understanding signed

South Korea’s leading cosmetics development manufacturer Kolmar Korea and Kolma...

PIF from Saudi Arabia offers $1 billion in leg-ups for small businesses

RIYADH: The Public Investment Fund (PIF) of Saudi Arabia has launched a new investment vehicle to support SMEs in the Kingdom.

It will invest in small business-oriented venture capital and private equity funds.

The "Jada" SR4 billion ($1.07 billion) program is the go...

Cindat Capital Management announced that it is buying the remaining 67 UK senior residential properties in a joint venture

The private equity group, Cindat Capital Management, Beijing, has announced that the company is buying the remaining interest in 67 UK senior residential properties with US healthcare providers REIT Omega Healthcare Investors.

According to the financial report of the medical specialist ...