Global alternative investment manager KKR has acquired a 10 percent stake in India-listed energy transmission and distribution company CG Power and Industrial Solutions for INR893 million (approximately USD13 million). KKR purchased the shares from Vistra ITCL, an India-based corporate trust services provider, through its non-banking financial company KKR India Financial… Read More
Global alternative asset manager TPG and Malaysia-based conglomerate Hong Leong Group have agreed to acquire the Southeast Asia operations of Malaysia-based health care provider Columbia Asia Hospitals from its US-based parent company Columbia Pacific Management. TPG and Hong Leong will acquire 17 hospitals and 1 health care clinic located in… Read More
China-based, US-listed consumer lending platform LexinFintech Holdings has agreed to issue USD300 million in convertible notes to Asia-focused private equity firm PAG through a private placement. Through the transaction, LexinFintech is expected to raise gross proceeds of USD264 million and will use the fresh funding to enhance its product offerings,… Read More
China-focused venture capital firm Sky9 Capital has reached closes for two funds with USD440 million in combined capital commitments. Sky9 Capital Fund IV, which will invest in Series A and Series B rounds, reached a final close with USD321 million in commitments while Sky9 Capital MVP Fund, which will focus… Read More
Southeast Asia-focused venture capital firm Gobi Partners has led a USD24 million investment in Indonesia-based low-cost financial services provider SuperAtom. Gobi invested through Meranti ASEAN Growth Fund. The company was incubated by and spun out of China-based, US-listed mobile internet company Cheetah Mobile, which also participated in SuperAtom’s latest funding… Read More
Global growth markets investor Actis has acquired the management rights to two funds previously managed by emerging markets-focused private equity fund manager The Abraaj Group. Actis will take over management of Abraaj Africa Fund II and Abraaj South East Asia Fund II. Actis had previously secured management rights to two… Read More
Chinese state-owned investment firm Jinan Industry Development Fund has led a CNY1.6 billion (approximately USD225 million) investment in China-based e-commerce platform Huimin. Other participants in the funding round include the company’s existing investors Fortune Venture Capital, GP Capital, China Renaissance, and Fosun International. Huimin operates an online-to-offline retail platform that… Read More
India-based IT services provider Prodapt Solutions has raised USD75 million from Affirma Capital, an EM-focused private equity firm operated by the former management team of Standard Chartered Private Equity. Affirma has taken a significant minority stake in the company, which offers end-to-end IT services to telecom and digital services providers… Read More
Global alternative investment manager KKR has acquired a majority stake in the India-based education services provider EuroKids International. Investing through its Asian Fund III, KKR purchased the stake from a consortium of existing investors led by India-focused mid-market private equity fund manager Gaja Capital. EuroKids operates schools and educational programs… Read More
Global alternative investment manager KKR has completed a partial exit of Bombay Stock Exchange-listed life insurance company SBI Life, selling 5.3 million shares representing a 0.5 percent stake for INR811 (USD11) per share and returning INR4.3 billion (USD60 million). KKR and Singaporean sovereign wealth fund Temasek Holdings originally acquired a… Read More
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