KKR has launched Virescent Infrastructure, a newly created platform to acquire renewable energy assets in India. Virescent will focus on investment opportunities that have stable cash flows stemming from long-term contracts with state and central government counterparties across India. Read more… Read More
Ascent Capital, Investcorp, the Investment Corporation of Dubai, DFC, and Allana Group led a USD121m Series C for fresh seafood and meat e-commerce platform FreshToHome. Iron Pillar, which led the company’s Series B, contributed USD19m to the round. Read more… Read More
TPG invested USD221.7m in South Korea-based Kakao Bank through subscription of new shares.The deal reportedly values the internet bank arm of Kakao Corp at an estimated USD8.3b. Read more… Read More
YF Capital led a USD315m Series E for ZKH Industrial Supply, a China-based distribution platform for industrial products, with participation from China Structural Reform Fund, CIC Capital, and two funds involving Xiamen C&D. Existing investors Genesis Capital, Eastern Bell Capital, Tencent Holdings, Tiger Global Management, Matrix Partners China,… Read More
Jungle Ventures led a USD10m Series B for India-based workforce management platform Betterplace, with follow-on from Unitus Ventures, 3one4 Capital, and Venture Highway. Read more… Read More
Warburg Pincus has partially exited Converge ICT Solutions, a Philippines-based broadband operator, via the company’s USD600m IPO on the Philippine Stock Exchange. Warburg Pincus maintains a 13.8% stake. Read more here and here… Read More
Genesia Ventures reached a USD75m final close for its Genesia Venture Fund II to invest in Japan and Southeast Asia-based companies covering the digital transformation, new economy, as well as media and entertainment sectors. Read more… Read More
Baring PE Asia exited a 6.3% stake in India’s Coforge (previously known as NIIT Technologies) for INR8.78b (~USD119m) via open market transactions. Read more… Read More
Tencent and DST Global led a USD2.2b Series G for China-based edtech Yuanfudao, with participation from Hillhouse Capital, Boyu Capital, IDG Capital, GIC Private, Temasek Holdings, Trustbridge Partners, CPE, DCP Capital Partners, Ocean Link, Greenwoods Investment, and Danhe Capital. The Series G, which comprised two tranches, the first… Read More
Legend Capital has reached a USD500m final close for LC Fund VIII, a USD-denominated VC fund targeting investments in the TMT and consumer services sectors in China. Read more… Read More
(default archive template)