Ares SSG Acquires Altico Capital India for USD380m
Hong Kong-based stressed asset specialist Ares SSG has acquired real estate lending firm Altico Capital India for INR28b (~USD380m). Read more… Read More
BlackRock Partially Exits South Korean E-Commerce Platform Coupang via ~USD4.5b IPO
BlackRock Private Equity Partners has partially exited its stake in South Korea-based e-commerce platform Coupang via the company’s ~USD4.55b IPO on the Nasdaq. BlackRock sold approximately 26.6m shares at a price of USD35 per share for an aggregate USD931m. Other existing investors include SoftBank, Sequoia Capital, Greenoaks Capital… Read More
L Catterton Lists SPAC on Nasdaq and Raises USD250m
L Catterton Asia Acquisition, a consumer-focused SPAC launched by L Catterton Asia, has raised USD250m in its IPO on the Nasdaq under the symbol LCAAU. Read more… Read More
Loyal Valley Capital Leads USD100m Series B for Chinese Ophthalmology Company Arctic Vision
Loyal Valley Capital led a USD100m Series B for Arctic Vision, a China-based clinical-stage ophthalmology company focused on developing therapies for pan-ocular diseases, with participation from Tencent, Octagon Capital, and New World Development Group CEO Dr. Adrian Cheng, and follow-on from Nan Fung Life Sciences, Pivotal bioVenture Partners… Read More
FountainVest Leads USD100m Round for Chinese E-Commerce Platform Ushopal
FountainVest Partners led a USD100m round for Ushopal, a China-based e-commerce platform for luxury brands, with participation from Zhongyuan Capital, Hengxu Capital and Dazhong Zhongsong Fund, and follow-on from Cathay Capital. Read more… Read More
Jungle Ventures Joins USD46m Series D for Indian Insurtech Turtlemint
Jungle Ventures has made an undisclosed investment as part of a Series D for India-based insurtech Turtlemint. The latest investment brings the overall capital raised through the Series D to USD46m. GGV Capital led the USD30m first tranche in November 2020. Read more… Read More
Advent International to Exit Chinese Electronics Materials Company Laird Performance Materials via USD2.3b Sale to DuPont
Advent International has agreed to sell Laird Performance Materials, a China-based electromagnetic shielding and thermal management company, to DuPont for USD2.3b. Read more… Read More
Warburg to Invest USD109m in Adani Ports for 0.49% Stake
An affiliate of Warburg Pincus has agreed to invest INR8b (approximately USD109m) in India-based private port operator Adani Ports and Special Economic Zone Ltd (APSEZ) for a 0.49% stake. Warburg recently sold its 31.5% stake in India’s Gangavaram Port to APSEZ for USD268m. Read more… Read More
Trifecta Capital Reaches USD140m Final Close for India Venture Debt Fund
Trifecta Capital has reached a USD140m final close for its second venture debt fund focused on India. Trifecta plans to launch its third venture debt fund in Q3 2021. Read more… Read More
Falcon House, Kejora, DEG, MDI and Others Invest USD170m Series B in Indonesian Logistics Startup SiCepat
Falcon House Partners, Kejora Capital, DEG, MDI Ventures, Indies Capital, Temasek Holdings subsidiary Pavilion Capital, Trihill Capital and Daiwa Securities have invested a USD170m Series B for SiCepat, an end-to-end logistics startup in Indonesia. Read more… Read More
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