Mid-market private equity firm Ascent Capital invested USD17.5m in Naari Pharma, an Indian pharmaceutical startup focused on products for women. Ascent portfolio company SeQuent formerly owned a 51% stake before a restructure that sold the company to the… Read More
Baring Private Equity Partners India sold more than half its stake in India-based gold loan financier Manappuram Finance via a share offering worth USD101.2m. According to Baring PE India, the fund recorded a return of 6.4 times on its investment with an IRR of 29%. Baring PE India… Read More
Korean real estate investor Pebblestone Asset Management acquired BLK Pyeongtaek Logistics Center, a multi-tenant tech-enabled logistics facility, from a KKR-led consortium. The transaction represents an exit for its KKR Asian Fund II. Read more»… Read More
Brookfield Asset Management has agreed to invest INR14.5b (USD202m) for a 40% stake in IndoStar Capital, an Indian non-banking financial company established by Everstone Group. Read more»… Read More
Keppel Capital, the asset management arm of Singapore’s Keppel Corporation, has reached a USD360m first close for its new infrastructure private equity fund, Keppel Asia Infrastructure Fund, targeting USD1b. Read more»… Read More
Hong Kong-based private equity firm Excelsior Capital Asia has reached a USD62m first close for its debut Vietnam fund, Excelsior Capital Vietnam Partners LP, targeting USD150m. Read more»… Read More
Singaporean sovereign wealth fund GIC and Norwegian development finance institution Norfund have agreed to acquire a 30% stake for MMK130b (USD87.4m) in Myanmar-based Yoma Bank. Read more»… Read More
B2B marketplace for packaging materials Bizongo, operated by Smartpaddle Technology, raised USD30m in Series C funding led by Swiss hedge fund Schroder Adveq. B Capital, International Finance Corporation, Accel, and Chiratae Ventures also participated in the round. Read more» … Read More
Asian payment solutions provider Pine Labs secured an undisclosed investment from global payments technology giant Mastercard as part of a USD300m financing round. Previous investors include Sequoia Capital, Temasek, PayPal, and Actis. Read more»… Read More
Olympus Capital Asia made an undisclosed investment in Constant Energy, a Thailand-based renewable electricity generation and storage company. The capital will be used to target the commercial and industrial (C&I) renewable and storage market in Southeast Asia. Read more»… Read More
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