Catalyst Principal Partners Invests in Orbit Chemical Industries (Sub-Saharan Africa)

East Africa-focused private equity firm Catalyst Principal Partners has invested in Kenya-based manufacturing company Orbit Chemical Industries. The investment was structured through Catalyst Fund I. Orbit Chemical—which manufactures a diversified line of household and personal care products, industrial chemicals and agro-chemicals—will use the new capital to increase the capacity of… Read More

IDFC and Micromax Lead a US$15 Million Funding Round for TranServ (Asia)

India-focused investment management firm IDFC Asset Management and India-based consumer electronics company Micromax Informatics have led a US$15 million Series C funding round for India-based digital payments company TranServ. Existing investors in the company, early-stage investor Nirvana Ventures and private equity firm Faering Capital, also participated in the round. IDFC’s… Read More

Hony Capital Fund VIII Reaches a US$2.7 Billion Final Close (Asia)

China-focused private equity firm Hony Capital has reached a final close for Hony Capital Fund VIII with US$2.7 billion in capital commitments. Investors in the fund included pensions California State Teachers’ Retirement System, Canadian Pension Plan Investment Board and BBC Pension Trust; sovereign wealth funds Temasek Holdings and Abu Dhabi… Read More

Jacob Ballas Capital Partially Exits PNC Infratech via Share Sale (Asia)

Private equity advisory firm Jacob Ballas Capital India has partially exited its investment in India-based infrastructure construction company PNC Infratech, selling a 2.6 percent stake on the Bombay Stock Exchange. Jacob Ballas sold 1.3 million shares and is estimated to have returned INR670 million (approximately US$10 million). Post-transaction, Jacob Ballas… Read More

ARX Equity Partners Exits Tomplast to KJK Capital (CEE and CIS)

ARX Equity Partners, a private equity investor focused on mid-sized companies in CEE, has sold its stake in Slovenia-based plastic components producer Tomplast to funds managed by Finnish investment manager KJK Capital. ARX, which originally invested in Tomplast in 2007, reported a 4.1x cash-on-cash return multiple and an IRR exceeding… Read More

TPG Leads a US$210 Million Financing Round for Janalakshmi Financial Services (Asia)

Global private equity firm TPG has led a US$210 million financing round for India-based microfinance institution Janalakshmi Financial Services. Asia-Pacific-focused private equity investor Morgan Stanley Private Equity Asia, India-based electrical equipment company Havells India and individual investor Vallabh Bhansali also participated in the round. The investment consisted of US$150 million… Read More



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