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IMM PE set for large investments after successful divestments

IMM PE set for large investments after successful divestments Posted : 2021-04-05 15:54 By Park Jae-hyuk Attention is being focused on the next investment target of IMM Private Equity (IMM PE), as the domestic private equity firm (PEF) completed successful divestments last week from W Concept and Taihan Electric Wire. The PEF and Citigroup Global Markets Securities, the underwriter for the sale of W Concept, selected Shinsegae Group s e-commerce unit SSG.com as the preferred bidder to acquire the womenswear fashion platform, Thursday, and signed a share purchase agreement. SSG.com will take over a full stake in W Concept ― 80 percent held by IMM PE and 20 percent held by ISE Commerce ― after the Fair Trade Commission approves the merger deal.

Indian foodtech giant Swiggy nears $800m fund raise in Series J round

Indian foodtech giant Swiggy nears $800m fund raise in Series J round Photo: Livemint April 5, 2021 Indian foodtech major, Swiggy is in the final stages to close $800 million in funding, in its Series J round of financing, with investors Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sachs joining as new investors, according to an internal memo sent by company founder Sriharsha Majety to employees. The fundraise will likely value the foodtech firm at over $4.9 billion, a jump from its previous ascribed valuation of $3.6 billion in 2020, according to an individual aware of the fundraise talks. The person added that sovereign funds including Singapore-based GIC Private Ltd. and Qatar Investment Authority (QIA) are also expected to participate in the ongoing round at a later stage, following which the company is expected to close the fundraise.

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