Private Equity-backed Manpasand Beverages Completes an IPO (Asia)

India-based fruit drinks manufacturer Manpasand Beverages has listed on the Bombay Stock Exchange and the National Stock Exchange. The company floated its initial public offering (IPO) at a price range of INR290-INR320 per share (approximately US$4.56-US$5.00), raising a total of INR4 billion (approximately US$63 million). The IPO was oversubscribed by… Read More

Tata Capital Growth Fund Leads a Series B Financing Round for Nearex (Asia)

Tata Capital Private Equity, the private equity arm of Indian conglomerate Tata Group, has led a Series B financing round for Singapore-based mobile payments start-up Nearex. The transaction was structured through Tata Capital Growth Fund. Nearex specializes in mobile payments and mobile points of sale systems for emerging markets, and… Read More

CITIC Capital, Tencent and Wanda Join an RMB6 Billion Financing Round for Tongcheng (Asia)

A consortium that includes China-focused private equity firm CITIC Capital, Chinese investment holding company Tencent’s Tencent Collaboration Fund and China-based Dalian Group’s media and arts subsidiary Wanda Culture Industry Group has participated in an RMB6 billion (approximately US$967 million) financing round for China-based Tongcheng Network Technology. Tongcheng, also known as LY.com, is an… Read More

KKR Sells a Ten Percent Stake in Vietnam-based Masan Consumer (Asia)

Global investment firm KKR has sold a ten percent stake in Vietnam-based consumer goods company Masan Consumer to undisclosed buyers. KKR, which first invested in Masan Consumer in 2011, continues to hold a ten percent stake in the company post-transaction. Financial details of the transaction were not disclosed. Read More



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