KKR has purchased a 37.39% stake in South Korean water sewage treatment company TSK Corporation from SK E&C, Huvis, and SK Discovery. KKR will have the second largest equity ownership after Taeyoung E&C with 62.61%. Read more… Read More
Summa Equity has acquired a majority stake in Singapore-based biotech developer Sengenics through Summa Equity Fund II, facilitating an exit for SBI Islamic Fund II which sold a 12.93% stake. Read more… Read More
SSI Asset Management Company, a subsidiary of SSI Securities, CT Bright, the investment arm of CP Group, and Mercuria Investment, a fund managed by the Development Bank of Japan, have partnered to launch a USD150m Vietnam-focused fund. The vehicle has already reached a USD25m first close. Read… Read More
San Francisco Employees’ Retirement System (SFERS) has approved a total commitment of USD125m to funds managed by Asia Alternatives and Hillhouse Capital. Specifically, SFERS has agreed to invest up to USD50m in Asia Alternatives Capital Partners VI and up to USD75m in Hillhouse Fund V and Hillhouse Focused… Read More
PTT Oil, Retail Business Public Company, Durbell, and Krungsri Finnovate led a USD200m Series D for Thailand-based e-commerce logistics provider Flash Express, with participation from existing shareholders eWTP Fund, Gaorang Capital, and Cloud Angel Fund. Read more… Read More
Monk’s Hill Ventures led a USD2m Series A for Malaysia-based on-demand freelancer platform GoGet. Read more… Read More
Delta Capital Myanmar and Daiwa PI Partners have jointly invested USD12.6m in Commercial Plastics Company, a Myanmar-based plastic bottle recycler. Delta invested through its Myanmar Opportunities II and Daiwa invested through its Myanmar Growth Fund. Read more… Read More
Tencent led a USD100m Series E2 for China-based edtech Huohua Siwei, with participation from the Carlyle Group and Chinese edtech Yuanfudao. KKR led the company’s USD150m Series E1 in August 2020. Read more… Read More
Gaorong Capital has reached a USD1.15b final close for its fifth USD-denominated fund. Gaorong Partners Fund V, the main fund, received USD1b and Gaorong Partners Fund V-A, a side fund, received USD150m. Gaorong Capital focuses on early- and growth-stage investments in technology, enterprise services, fintech, and retail. Read More
A consortium of investors led by PAG and including CX Partners and Samara Capital has acquired a majority stake in Anjan Drug, an India-based manufacturer of active pharmaceutical ingredients, for an undisclosed amount. Read more… Read More
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