UK-listed asset manager ICG buys Australian hospital group PresMed
This is the fifth investment by ICG's Asia Pacific Fund IV.
Source: dealstreetasia.com
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Editor's take: The week that was — Oct 3-8
Don't miss the reports from the Asia PE-VC Summit 2022 that we've published in the past week.
Source: dealstreetasia.com
New owners of TF Value-Mart to keep winning formula
PAHANG-based hypermarket operator TF Value-Mart (TF) is thriving despite the Covid-19 pandemic as it follows a simple formula: focus on second-tier cities and remain asset-light. After reporting a near 9% year-on-year growth in revenue to RM1.48 billion last year, the profitable retailer expects to end 2020 with an even bigger jump in revenue of 15% to RM1.7 billion. Remarkably, all of its stores have remained profitable this year and have been performing above expectations since the beginning of March. Not surprising then that when Singapore-based private equity firm KV Asia Capital Pte Ltd ...
Source: theedgemarkets.com