COPE Exits Serba Dinamik via IPO (Asia)

Malaysia-focused asset management firm CMS Opus Private Equity (COPE) has reduced its stake in Malaysia-based energy services group Serba Dinamik Holdings from 16 percent to 6 percent by selling 85 million shares in the company for MYR128 million (approximately US$29 million) in the company’s IPO on the Main Market of… Read More

Lightbox Ventures Closes US$54 Million Expansion Fund (Asia)

India-focused venture capital firm Lightbox Ventures has closed an expansion fund with approximately US$54 million in commitments. Investors in the fund include endowments, pension funds, funds of funds and family offices. The fund will invest in Lightbox’s existing portfolio companies, supporting their further growth. … Read More

Cathay Capital Private Equity and Fortune Venture Capital Lead a Series D Round for Aihuishou (Asia)

Cross-border private equity firm Cathay Capital Private Equity and China-focused venture capital firm Fortune Venture Capital have led a CNY400 million (approximately US$58 million) Series D round for China-based smartphone and consumer electronics recycling company Aihuishou. Early-stage venture capital firm Morningside Ventures and other existing investors also participated in the… Read More

Tridevi Capital Partners to Invest US$20 Million in Prabha Energy (Asia)

Private equity investment advisory firm Tridevi Capital has agreed to invest US$20 million in Prabha Energy (PEPL), a subsidiary of Bombay Stock Exchange- and National Stock Exchange-listed oil and gas exploration company Deep Industries. Tridevi made the investment through a subscription of compulsorily convertible debentures, which will represent a 40… Read More



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