Legend Capital Management, an independent venture capital arm of China-based conglomerate Legend Holdings, has led a CNY580 million (approximately US$88 million) Series B Round for China-based online fashion distribution platform Aikucun. Other participants in the funding round include state-owned real estate and logistics group C&D Corporation and growth capital fund… Read More
Global growth equity fund manager General Atlantic has acquired a 27 percent stake in India-based Indian-Chinese grocery brand Ching’s Secret for INR3.7 billion (approximately US$54 million) from global investment company Invus and the brand’s parent entity, India-based Capital Foods. Products sold under the Ching’s Secret brand include instant soups and… Read More
China-focused private equity firm Boyu Capital has led a US$125 million investment in Trax, a Singapore-based developer of business analytics software serving the retail industry. U.K.-based media company DC Thomson also participated in the funding round. Trax is also backed by global private equity fund manager Warburg Pincus and asset… Read More
India-focused private equity fund manager Samara Capital has agreed to acquire India-based grocery chain More from Aditya Birla Retail, the retail arm of India-based conglomerate Aditya Birla Group, at an enterprise value of INR43 billion (approximately US$627 million). The deal is expected to close by September 2018. Read More
India-focused growth capital fund manager Gaja Capital has partially exited India-listed commercial bank RBL Bank to U.S.-based mutual fund manager Wasatch Funds. Gaja reportedly sold a 0.14 percent stake in RBL at a price of INR560 to INR570 (approximately US$8.12 to US$8.26) per share, reducing its interest in the company… Read More
Japan- and Asia-focused buyout fund manager Advantage Partners has acquired 34 China-based restaurants from U.S.-listed pizza chain Papa John’s International. The transaction includes locations in Beijing and Tianjin. Advantage invested through its debut pan-Asia fund and will operate the restaurants through acquisition vehicle Asia Gourmet Holdings. Financial details of the… Read More
Asia-focused private equity fund manager Unitas Capital has agreed to sell its majority stake in China-based condiments producer Jiahao Foodstuff to Huabao International Holdings for US$694 million. Huabao is a Hong Kong-listed manufacturer of fragrances and flavors, as well as tobacco and aroma-related products. A Unitas-led consortium, which included Pavilion… Read More
China-based used-car trading platform Uxin—which is backed by private equity and venture capital fund managers China Renaissance, China Vision Capital, ClearVue Partners, Coatue Management, DCM, Hillhouse Capital Management, KKR, Legend Capital, Tiger Global Management, TPG and Warburg Pincus—has raised US$225 million through its initial public offering on the Nasdaq Stock… Read More
Global private investment firm TPG and growth markets investor Actis have exited their combined 42 percent stake in India-based payment services provider AGS Transact Technologies via a management buyback. TPG and Actis sold 26 percent and 16 percent stakes, respectively, in the company, which provides banking automation, payment and cash… Read More
The year promises to be an active one for regulatory initiatives and the EMPEA Winter Bulletin focuses on positive as well as challenging developments including the impact of MiFID II in the UK on emerging market fund managers, recent shareholder and creditor pre-investment corporate restructuring limitations in Nigeria, the relaxation of licensing and registration for private, non-real estate investment funds and asset… Read More
(default archive template)