Carlyle to Invest USD235m for 25% Stake in India’s Nxtra Data
The Carlyle Group has agreed to invest USD235m for a 25% stake in Indian telco Airtel’s data center business Nxtra Data. Read more… Read More
2020 Global Limited Partners Survey
The 16th annual edition of EMPEA’s Global Limited Partners Survey features the views of 109 limited partners (LPs) on the current conditions and outlook for private capital in emerging markets (EM). This study aims to shed light on how LP investment plans are evolving and what factors are affecting LP… Read More
Warburg Pincus Partially Exits Chinese Oncology Group Hygeia via IPO
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
Bain Capital to Subscribe to USD100m Convertible Bonds in China Logistics Property
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 Sells Remaining Stake in Indian Pharmaceutical Company Laurus Labs for ~USD84m
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 Lead USD750m Series E for Chinese Edtech Zuoyebang
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 Acquires 11.9% Stake in Filipino Power Developer First Gen Corp for USD192.2m
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
Carlyle Acquires 20% Stake in India’s Piramal Pharma for USD490m
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
Bond Capital Invests Undisclosed Amount in Indian Edtech Byju’s
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
East Ventures Reaches First Close for Southeast Asia Seed Fund
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
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