Hillhouse-backed Bull Group Raises USD511m in Shanghai IPO
Hillhouse-backed electrical product manufacturer Bull Group has raised USD511m in an IPO on the Shanghai Stock Exchange. Read more»… Read More
Northstar Group Leads USD20m Series A in Indonesian Edtech Zenius
Southeast Asia-focused fund manager Northstar Group led a USD20m Series A in Jakarta-based edtech platform Zenius Education. VC firms Kinesys Group and BeeNext also participated in the round. Read more»… Read More
Ascent Capital Invests USD17.5m in Indian Pharmaceutical Startup Naari Pharma
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 PE India Partially Exits Manappuram Finance for USD101m
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
KKR Exits South Korea’s BLK Pyeongtaek Logistics Center in Sale to Pebblestone Asset Management
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 Acquires up to 40% of Everstone-Backed IndoStar Capital for USD202m
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 Reaches USD360m First Close for Asia Infrastructure Fund
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
Excelsior Capital Asia Reaches USD62m First Close for Debut Vietnam Fund
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
GIC and Norfund Acquire 30% Stake in Myanmar’s Yoma Bank
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
Indian B2B Marketplace Bizongo Raises USD30m Series C Led by Schroder Adveq
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
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