Panlin Capital has reached a CNY1b (approximately USD148m) final close for its first technology innovation fund targeting tech investments in the health care sector. Read more… Read More
Indus Valley Capital led a USD1m seed round for Pakistan-based women’s fitness startup AimFit, with participation from the founding team of Atoms, an unnamed unicorn founder, and angel investors. Read more… Read More
Blackstone Group has sold 27.55m shares, the equivalent of a 23% stake, in India-based packaging company Essel Propack for INR18.5b (approximately USD251m). Blackstone first invested in the company in April 2019 and will now hold a 52% stake. Read more… Read More
JP Morgan CMBD II has fully exited its 19.43% stake in India-based software services provider Happiest Minds for INR4.5b (approximately USD61m) via the company’s INR7b (approximately USD95m) IPO. JP Morgan first invested in the company in March 2015. Read more… Read More
Warburg Pincus has sold a 14.5% stake, a third of its overall stake, in India-based registrar and transfer agent CAMS for INR7.5b (approximately USD102m) ahead of the company’s IPO on 21 September 2020. Warburg will retain a 29% stake in the company. Read more… Read More
KKR has reached a USD11b+ first close for its KKR Asian Fund IV. The vehicle, which targets USD12.5b, will make pan-Asia investments with a focus on control buyout transactions. Read more… Read More
A consortium of investors led by Naver Corporation and including Mirae Asset-Naver Asia Growth Fund and NH Investment & Securities has invested USD80m in Singapore-based online classifieds marketplace Carousell. Read more… Read More
Tiger Global Management, TPG Tech Adjacencies, ChrysCapital, and Footpath Ventures have invested USD225m in Dream Sports, the parent company of India-based fantasy sports app Dream11. The investment brings Dream Sports’ valuation to USD2.5b. Read more… Read More
A consortium of investors led by Singapore Life (Singlife) and including TPG and Japanese insurer Sumitomo Life have acquired the Singapore business of UK-based insurance company Aviva for USD2b. The transaction, which is expected to close in January 2021, will grant the consortium a 75% interest in Aviva… Read More
ADV Partners has sold a 10.46% stake in India-based heating and ventilation equipment manufacturer Amber Enterprises for INR6.04b (approximately USD82m) through open market transactions. Before the transaction, ADV Partners held 20.9% shares of the company. Read more… Read More
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