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
Korea-focused private equity fund manager VIG Partners has agreed to sell HiParking, a Korea-based manager of car parks, to Humax, a Korea-based consumer electronics manufacturer, for KRW170 billion (approximately USD140 million). VIG, which reportedly expects the exit to generate a 3.2x return multiple, initially invested KRW27 billion (USD24 million) for… Read More
DSG Consumer Partners, an India- and Southeast Asia-focused early-stage venture capital firm, has achieved a final close of USD65 million for DSG Consumer Partners III. Investors in the fund include Verlinvest, which was also an anchor investor in DSG’s second fund, as well as family offices and other institutional investors… Read More
LGT Group, a global bank and alternative investment fund manager, has acquired India-focused impact investment firm Aspada from the Soros Economic Development Fund. Aspaga will join LGT’s existing impact investing arm, LGT Lightstone, to form Lightstone Aspada in India. LGT Lightstone will continue to focus on investment opportunities in Asia,… Read More
China-based pet services platform Pet Doctor will receive CNY130 million (USD18 million) in funding from Chinese investment group Fosun International. Pet Doctor intends to use the fresh capital to expand its nationwide sales network. Previous backers of the company include CICC Capital, Puhua Capital, and Probing Venture Capital. Read More
Global alternative investment manager KKR and Asia- and North America-focused venture capital firm GGV Capital have led a USD85 million investment in Huohua Siwei, a China-based online education platform. Other investors in the round include fund managers Sequoia Capital, IDG Capital, Northern Light Venture Capital, Hike Capital, Lightspeed Venture Partners,… Read More
Myanmar-focused private equity firm Anthem Asia has invested USD1 million in Shan Orchard Myanmar, a Myanmar-based grower and processor of avocados. Shan Orchard reportedly represents the first investment from Anthem’s Myanmar SME Venture Fund, which achieved a first close of USD34.5 million in August 2018. Read More
Haldiram Bhujiawala, the eastern India arm of India-based snack foods producer Haldiram, has acquired all brands of India-based restaurant operator Pan India Food Solutions from Everstone Capital, an India-focused private equity firm. Everstone established Pan India Food Solutions, which operates under the Blue Foods brand, to house its India franchise… Read More
Clean energy-focused infrastructure fund manager Armstrong Asset Management has agreed to sell a 100 percent stake in Vietnam-based wind power company Mekong Wind to Aboitiz Power Corporation, a Philippines-listed energy provider, for USD46 million. Mekong Wind owns and operates the 39.4-megawatt Dam Nai Wind Power Project in southern Vietnam. The… Read More
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