Morgan Stanley Private Equity Asia and existing investor LGT Lightstone Aspada have invested a INR1.64b (approximately USD22.8) Series D for India-based loan company Ummeed Housing Finance. Read more… Read More
Warburg Pincus has agreed to invest USD150m in India-based tire maker Apollo Tyres for an undisclosed stake in the company. Read more… Read More
The Carlyle Group will partially exit India-based credit card-issuing company SBI Cards & Payment Services via an IPO estimated at USD1.25b. Carlyle will sell just over a third of its 26% stake and is positioned to make 9.4 times in returns after only two… Read More
Multiples Alternate Asset Management exited India-based industrial machinery manufacturer The Anup Engineering via a sale of its 2.22% stake in the company for approximately USD1.6m. Read more… Read More
CDC Group led a USD20m Series B for India-based startup iMerit Technology Services. Existing investors Omidyar Network, Michael and Susan Dell Foundation, and Khosla Impact also participated in the round. Read more… Read More
Ribbit Capital and Coatue PE led a USD75m Series C for India-based fintech BharatPe. Amplo Opportunities, Grace Software Holdings, and Steadview also participated in the round. Read more… Read More
Chinese private equity firm CMC Capital Partners has reached a USD950m final close for its third US dollar-denominated fund. A combination of public pension funds, sovereign wealth funds, insurance companies, funds-of-funds, financial institutions, and endowments invested in the fund. Read more… Read More
South Korea-based early-stage VC Bass Investment has reached a KRW37.7B (approximately USD31.1m) final close for its second fund. Read more… Read More
Korea-focused private equity fund manager Hahn & Company has agreed to sell its 40% stake in IT system integrator Ssangyong Information & Communications for KRW24b (approximately USD23m) to information technology system Itcen and its affiliate Comtec System. Hahn & Co. will remain a minority shareholder of… Read More
Sequoia Capital India led a USD32m Series C for India-based Saas Whatfix. Eight Roads Ventures, F-Prime Capital, and Cisco Investments also participated in the round. Read more… Read More
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