Warburg Pincus has partially exited its 17.24% stake in China-based oncology health care group Hygeia Healthcare via the company’s IPO on the HKEX. Warburg initially invested in Hygeia in 2015 and now holds a 13.79% stake. Read more… Read More
China Logistics Property Holdings has agreed to issue Bain Capital Credit USD100m convertible bonds at an initial conversion price of HKD3.19 per share. The proceeds from the bonds will be used for the repayment of existing indebtedness and other general corporate purposes. Read more… Read More
Warburg Pincus has exited its remaining 11.68% stake in Mumbai-listed drugmaker Laurus Labs for USD84m. Warburg originally acquired a 32% stake in the company in 2014 and divested part of its shares through the company’s IPO in 2016 and through a recent transaction in May 2020. Read… Read More
FountainVest and Tiger Global Management led a USD750m Series E for China-based edtech Zuoyebang, with participation from Qatar Investment Authority, Sequoia Capital China, Softbank Vision Fund I, Tiantu Capital, and Xianghe Capital. Read more… Read More
KKR has agreed to acquire an 11.9% stake in Philippines-listed power developer First Gen Corp for USD192.2m through its Singapore-based subsidiary Valorous Asia Holdings. Read more… Read More
The Carlyle Group has agreed to acquire a 20% stake in the pharmaceutical unit of Indian conglomerate Piramal Enterprises for USD490m. Read more… Read More
US-based VC Bond Capital has invested an undisclosed amount in India-based edtech Byju’s, joining investors General Atlantic, Tiger Global Management, and Tencent. Read more… Read More
Southeast Asia-focused VC East Ventures has reached a first close for its latest seed fund targeting USD88m. The vehicle will focus on tech investments in digital companies in Southeast Asia in the aftermath of COVID-19. Read more… Read More
Ascent Capital Partners led a USD26m investment in Myanmar-based internet service provider Frontiir through Ascent Myanmar Growth Fund I. Read more… Read More
Alphabet’s CapitalG led a USD27.5m Series E for India-based microlender Aye Finance, with participation from LGT Lightstone, Falcon Edge, MAJ Invest, and A91 partners. Read more… Read More
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