Triple P Capital, a Southeast Asia-focused private equity firm investing in non-bank financial services, has acquired a 100 percent stake in Asia- and Scandinavia-focused insurance IT solutions provider Contemi Group. The company, which was founded in Norway and the United Kingdom in 2001, expanded to Vietnam in 2011 and employs… Read More
Emerging markets-focused profit-with-purpose private equity firm LeapFrog Investments has purchased a stake in Sri Lanka-based Softlogic Life Insurance from Dutch development finance institution FMO for US$12 million. The company offers a range of life and health insurance products and has partnered with Sri Lanka-based telecommunications company Dialog Axiata to provide… Read More
Global alternative investment manager KKR has raised US$183 million via a Certificado de Proyectos de Inversión (CerPi) offering on the Mexican Stock Exchange (BMV). KKR raised US$100 million for the Series A tranche and US$83 million for the Series B. The two series listed under the ticker symbols KKRPI 18D… Read More
India-focused alternative investment fund managers Motilal Oswal Private Equity (MOPE) and InvAscent have reportedly invested US$100 million in Symbiotec Pharmalab, an India-based pharmaceutical ingredient manufacturer. The transaction included the acquisition of a 70 percent stake in Symbiotec from global growth markets investor Actis, as well as a primary equity investment. Read More
India-focused private equity firm Multiples Alternate Asset Management has led an investment of INR4 billion (approximately US$56 million) in APAC Financial Services, an India-based non-banking financial company. Multiples reportedly invested INR2.5 billion (US$35 million) for a 37 percent stake while the company’s management team, including founder Gunit Chadha, committed the… Read More
EMPEA Members, log in and click through for your exclusive access to the detailed report and underlying data. Fundraising for China-focused private capital vehicles reached US$31 billion in the first three quarters of 2018, more than double the US$15 billion raised in 2017. Closes for nine funds of US$1 billion… Read More
EMPEA Members, log in and click through for your exclusive access to the detailed report and underlying data. Driven by large regional and China-focused vehicles, Emerging Asia fundraising in Q1-Q3 2018 has already reached the highest yearly total since EMPEA began recording fundraising data in 2006. Accounting for 49% of… Read More
EMPEA Members, log in and click through for your exclusive access to the detailed report and underlying data. Despite recent shocks to its financial system, private capital fundraising and investment in India grew 52% and 42%, respectively, in Q1-Q3 2018 compared to the first three quarters of 2017. Bankruptcy proceedings… Read More
A consortium led by global secondaries investor Lexington Partners has completed a US$1 billion secondary transaction to acquire stakes in TPG Asia V and TPG Asia VI, funds managed by global alternative investment firm TPG. The 2007-vintage TPG Asia V and 2013-vintage TPG Asia VI originally raised US$3.8 billion and… Read More
Tencent Music Entertainment (TME), the music streaming subsidiary of China-based technology conglomerate Tencent Holdings, has raised US$1.1 billion in its initial public offering (IPO) on the New York Stock Exchange. The company sold 82 million American Depository Shares (ADS)—including 41 million primary ADS and 41 million ADS sold by existing… Read More
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