Mergers & Acquisitions
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123RF acquires mobile photo editor Pixlr to create a holistic creative environment
123RF will be able to offer more photo tools in its creative suite, in addition to securing 50 million monthly active users with the acquisition of Pixlr.
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Daiwa to acquire 14.9 percent stake in stockbroker COL Financial
Japanese Daiwa Securities Group, Inc. is acquiring a stake in COL Financial Group, Inc.
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Shinhan Bank to acquire ANZ’s retail business in Vietnam
ANZ has finally gained exit of its Vietnamese retail business, selling it off to Shinhan Bank Vietnam, a Korean financial services group.
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Thailand’s Food Capitals acquires restaurant operators, Osha Group and G Enterprise for US$11.6 million
Food Capitals operates The Coffee Bean & Tea Leaf, Domino’s Pizza and Korean fried chicken restaurant chain Kyochon.
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Malaysian fast fashion brand NOSE to demerge from iFashion
iFashion is a leading venture platform company focused on investing and acquiring fashion and lifestyle e-commerce ventures based in Southeast Asia.
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CIP to divest 65 percent stake in LMG Chemicals, its manufacturing and distribution subsidiary
CIP has long been attempting to sell the shell company of LMG.
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AirAsia takes 50 percent stake in travel curator Touristly for US$2.6 million
Touristly will have the opportunity to tap into the AirAsia’s regional network, and monetize AirAsia’s 60 million flyers.
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Village Grocer acquires B.I.G Supermarkets to become the leader in premium grocery
Malaysian premium grocery chain, Village Grocer owned by Navis Capital Partners has acquired domestic rival Ben’s Independent Grocer (BIG).
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VIB interested to buy ANZ’s retail operations in Vietnam
Last month, ANZ announced that it is looking to exit its retail and wealth businesses in Vietnam.
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Crowe Horwath acquires Partners Capital to extend corporate advisory services
Crowe Horwath is adding Partners Capital, an outsource investment office to provide corporate advisory services. The financial terms of the deal were undisclosed.
