Southeast Asia-focused venture capital fund manager Golden Gate Ventures has reached a final close for its third fund with US$100 million in capital commitments. Investors in the fund include Singaporean sovereign wealth fund Temasek Holdings, corporate investors Hanwha, Naver and Mitui Fudosan and investment firms CTBC Group, EE Capital, Ion… Read More
China-based Lantu Information Technology, which operates automobile after-sales products and services platform Tuhu Yangche, has raised a Series E round of US$450 million led by China-based internet conglomerate Tencent Holdings and global alternative investment fund managers The Carlyle Group and Sequoia Capital. Other participants in the funding round include state-sponsored… Read More
China-based e-commerce company Meituan Dianping has raised HKD33.2 billion (approximately US$4.2 billion) in its initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold 480 million shares at a price of HKD69 (US$8.79) per share in the offering. The IPO received US$1.5 billion in commitments from cornerstone… Read More
China-based electric vehicle manufacturer NIO has raised US$1 billion in its initial public offering on the New York Stock Exchange, selling 160 million American Depositary Shares (ADS) at a price of US$6.26 per ADS. The company is backed by Singaporean sovereign wealth fund GIC and private equity firms Baidu Capital,… Read More
Download the full press release here. Washington, D.C., 6 September 2018: Private capital fundraising and investment activity in emerging markets (“EM”) increased by 11% and 21%, respectively, in the first half of 2018, driven predominantly by activity in Emerging Asia, according to EMPEA’s latest… Read More
China-focused private equity fund manager CITIC Capital Partners has reached a first close for its latest U.S. dollar-denominated China fund with US$1.3 billion in capital commitments. CITIC Capital Partners IV is reportedly targeting a final close of US$2 billion. Read More
The EMPEA Data Insights are quarterly updates of high-level trends and notable developments in all major emerging market regions plus Brazil, China, and India. The Data Insights offer unique access to EMPEA’s statistics at the regional and country level and provide detailed analytics of fundraising trends and deal flow. … Read More
Global alternative asset firm TPG has invested INR6.5 billion (approximately US$90 million) for a 40 percent stake in India-based building wire and low-voltage cable manufacturer RR Kabel. The company, which recently released a line of consumer appliances, will partner with TPG to develop new products and expand its presence in… Read More
Cube Highways and Infrastructure, an India-based toll roads investment platform established by global infrastructure investment firm I Squared Capital and development finance institution International Finance Corporation, has acquired 100 percent of NAM Expressways from India-based Ramky Infrastructure for INR16.7 billion (approximately US$232 million) including debt. NAM operates 211 kilometers of… Read More
GreyOrange, a Singapore-based manufacturer of robotics systems used in fulfillment centers, has raised US$140 million in a Series C round led by global technology-focused investment firm Mithril Capital. India-focused venture capital fund manager Blume Ventures and Flipkart co-founder Binny Bansal also participated in the round. GreyOrange plans to use the… Read More
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