India-focused alternative asset manager Steadview Capital Management has acquired a stake in India-based fantasy sports game developer Dream11 for a reported sum of USD60 million from existing investors Kalaari Capital, Multiples Alternate Asset Management, and Think Investments. Kalaari and Multiples originally invested in the company in 2015 and 2017, respectively,… Read More
Asia-focused alternative asset manager Baring Private Equity Asia (BPEA) has agreed to invest INR26 billion (approximately USD379 million) for a 30 percent stake in NIIT Technologies, an India-listed information technology group. BPEA will purchase 18.85 million shares of the company at a price of INR1,394 (USD20.11) per share from NIIT… Read More
China-focused private equity fund manager Harvest Capital has reached a first close for Harvest (Tianjin) Consumer Service Industrial Investment Fund with CNY3 billion (approximately USD447 million) in capital commitments. The fund will target China-based consumer services companies, aiming to take advantage of growing personal consumption trends. Read More
China health care-focused private equity fund manager Shiyu Capital has reached a final close for Danqing Fund II with CNY3.2 billion (approximately USD474 million) in capital commitments. Investors in the fund include government-guidance funds, insurance companies, domestic and foreign pharmaceutical companies, asset managers, and ultra-high-net-worth individuals. The fund will target… Read More
India-based medical technology company SigTuple Technologies has raised USD16 million in a Series C funding round led by US-based investor networking platform Trusted Insight. Existing investors Accel Partners, Chiratae Ventures, Pi Ventures, and Trifecta Capital, as well as Flipkart co-founder Binny Bansal, also participated in the round. SigTuple uses artificial… Read More
China-based, US-listed online entertainment platform Bilibili has raised USD755 million through a follow-on offering on Nasdaq and concurrent sale of convertible notes. The company sold 14 million American Depository Shares (ADS), each representing one Class Z ordinary share of the company, at a price of USD18.00 per ADS in the… Read More
Metropolis Healthcare, an India-based diagnostics laboratory chain, has completed its initial public offering (IPO) on the Bombay Stock Exchange and the National Stock Exchange of India, raising INR12 billion (approximately USD174 million). The company did not issue any primary shares in the offering, which consisted entirely of shares sold by… Read More
India- and Southeast Asia-focused private investment group Everstone Capital has agreed to exit its controlling stake in India-based pharmaceutical developer Rubicon Research to global growth equity firm General Atlantic, reportedly generating a 4.5x return multiple and 92% IRR on the transaction. Separately, Everstone has agreed to acquire a majority stake… Read More
Global alternative asset manager The Carlyle Group has agreed to acquire a 10 percent stake in Luolai Lifestyle Technology, a China-listed textile manufacturer and distributor, for CNY726 million (approximately USD108 million). Carlyle will purchase 75 million shares of Luolai at a price of CNY9.62 (USD1.43) per share from Shihezi Zhongbang… Read More
Kotak Investment Advisors, the alternative investment arm of Kotak Mahindra Bank, has reached a final close for India Office Assets Fund I with USD400 million in capital commitments. The fund was established in partnership with DivyaSree Developers, an India-based urban real estate and infrastructure development company, and received an anchor… Read More
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