Affirma Capital, an EM-focused private equity firm operated by the former management team of Standard Chartered Private Equity (SCPE), has exited Bombay Stock Exchange-listed media services provider Prime Focus to Singapore-based investor Augusta Investments. Affirma, which originally invested in the company through SCPE in 2012, sold 29 million shares representing… Read More
India-based e-commerce company WMall has raised INR640 million (approximately USD9 million) in a Series B funding round from India-focused venture capital firms Chiratae Ventures, SAIF Partners, and Venture Highway (also known as VH Capital). The platform, which primarily offers kitchen, beauty, clothing, and home decor products, aims to introduce women… Read More
Global alternative asset management firm The Carlyle Group has completed a partial exit of Bombay Stock Exchange-listed life insurance company SBI Life Insurance, selling 30 million shares representing a 3 percent stake for INR938.83 (approximately USD13) per share and retuning INR28.2 billion (USD392 million). Carlyle acquired a 9.2 percent stake… Read More
Global private equity fund manager Advent International has agreed to acquire a majority stake in India-based biopharmaceutical company Bharat Serums and Vaccines. Advent will acquire Bharat Serums from alternative investment firms OrbiMed Advisors and Kotak Private Equity, as well as the Daftary Family, which founded Bharat Serums in 1971. Kotak… Read More
Asia-focused alternative asset manager Baring Private Equity Asia (BPEA) has reportedly acquired a majority stake in USA Society English Centres (VUS), a Vietnam-based chain of English language training centers. The company operates 20 centers across Vietnam, enrolling approximately 200,000 students annually. Financial details of the transaction were not disclosed. Read More
Asia-focused direct secondaries fund manager NewQuest Capital has reached a final close for NewQuest Asia Fund IV with USD1 billion in commitments. Investors in the fund include endowments, pension funds, sovereign wealth funds, insurance companies, financial institutions, and family offices across Asia, North America, Europe, and the Middle East. In… Read More
China-based electric vehicle manufacturer Xpeng Motors has secured USD400 million in a Series C financing round led by China-based electronics producer Xiaomi. Other investors in the funding round reportedly include the company’s existing shareholders, such as venture capital fund managers Morningside Ventures and Matrix Partners. The company, which recently released… Read More
China-focused private equity firm Primavera Capital Management has reached a final close for Primavera Capital Fund III with USD3.4 billion in capital commitments. Investors in the fund include Taiwan Life Insurance and US-based pension funds Pennsylvania State Employees’ Retirement System, New York State Teachers’ Retirement System, and Texas Permanent School… Read More
India-focused venture capital firm Windrose Capital has reached a first close for The Next Billion Fund with USD30 million in capital commitments. Investors include individual entrepreneurs operating in a variety of industries. The fund has already reportedly completed three investments and will target seed and early-stage funding rounds for companies… Read More
China-based baby formula producer China Feihe has raised HKD6.7 billion (approximately USD856 million) in its initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold 893 million shares at a price of HKD7.50 (USD0.96) per share. Investors in Feihe include Asia-focused private equity investor Morgan Stanley Private… Read More
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