Netherlands-based investment and finance group PPF Group has sold its stake in Russia’s NOMOS Bank to Russian banking group Otkritie Financial Group in a share swap deal. In exchange, PPF Group received shares in Russian fertilizer company Uralkali, plus an additional equity investment. The total value of the transaction… Read More
An Indian operator of surgical care and fertility clinics, Nova Medical Centers, has announced the investment of INR3 billion (approximately US$54 million) by global investment bank and securities firm Goldman Sachs and U.S.-based venture capital investor New Enterprise Associates (NEA). Under the terms of the transaction, Goldman Sachs will… Read More
India-based private equity fund manager IL&FS Investment Managers Limited (IIML) has invested INR1.2 billion (approximately US$21.8 million) in City Corporation, an Indian real estate developer. The capital will be used to finance the construction of a residential project, Futura Towers. The project is reportedly valued at INR2.5… Read More
Global private equity firm Warburg Pincus has reportedly invested in Chinese medical materials manufacturer Bone Medical Devices. Bone Medical Devices specializes in the research, development, production and sale of orthopedic implants. Financial details of the transaction were not disclosed. Read More
The European Bank for Reconstruction and Development (EBRD) has announced an agreement to act as a cornerstone investor in Elbrus Capital Fund II, a private equity fund managed by Russia-based Elbrus Capital. The EBRD has agreed to invest up to US$50 million in the fund, with the caveat that… Read More
Standard Chartered Private Equity Limited (SCPE), the investment arm of Standard Chartered Bank, has invested INR850 million (approximately US$15.4 million) in Craftsman Automation, an Indian manufacturer of precision engineered industrial components, for a minority stake. The company plans to use the capital to finance the expansion of its various… Read More
Southeast Asia-focused private equity firm Clove Capital Partners has finalized the divestment of its first investment. Clove Capital’s 40 percent stake in Philippine oil company VenturOil Philippines, held through a subsidiary, Energy Best Limited, was acquired by Peak Oil and Gas (Singapore), a wholly-owned subsidiary of Australia-based energy and… Read More
Singapore-based private equity firm Armstrong Asset Management has announced the first close of the Armstrong South East Asia Clean Energy Fund with US$65 million in commitments. Investors in the fund include European development finance institutions GEEREF and DEG. The fund, which is targeting total commitments of US$150 million, plans… Read More
A private equity consortium consisting of Baring Private Equity Asia, Affinity Equity Partners, IMM Private Equity and the Government of Singapore Investment Corporation, Singapore’s sovereign wealth fund, has purchased a 24 percent stake in South Korea’s Kyobo Life Insurance from Daewoo International Corporation. The transaction is valued… Read More
Asian private equity fund-of-funds Asia Alternatives has announced the final close of over US$1.5 billion in commitments across several funds. The largest fund to close was Asia Alternatives Capital Partners III (AACP III), which closed at US$908 million, above its US$800 million target. The other fund vehicles closed with… Read More
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