Family office deals
Omidyar Network, an investment office owned by the US-based Omidyar family, has backed an India group called mobile telecoms group called Indus. Omidyar funded a Series A round worth $4 million for Indus.
Nadathur Group, the family office of N.S. Raghavan, one of the founders of India’s best-known tech companies, Infosys, has acquired a hotel in Singapore S$67 million.
Private equity/family business deals
Li & Fung, a Hong Kong-based sourcing group, is selling its sweater, furniture and beauty products business to the founding Fung family and Chinese private equity house Hony Capital for $1.1 billion. The acquiring consortium is 55% controlled by the Fung family and 45% controlled by Hony Capital.
Custom Equipment, a Michigan-based welding and fabrication business founded by the Kissinger family, is selling a majority stake to Stratford-Cambridge Group, a private equity firm. The family will retain a 20% stake in the business.
Minnesota-based Sun Country Airlines, which is owned by the Davis family, has been bought by private equity group, Apollo Global Management, for an undisclosed sum.
Subscribe
You will need a Premium+ Subscription to read this article.
Exclusive news, analysis and research on global family enterprise and private investment offices
Already have an account? Sign in
Already have an account? Sign in
You've reached the end.
Continue reading free articles by registering as a Member.
Or choose a Premium Plan.
Already have an account? Sign in