Growth markets investor Actis has exited India-based renewable energy platform Ostro Energy to ReNew Power, an India-based clean energy-focused independent power producer. Canada Pension Plan Investment Board (CPPIB) has invested US$247 million in ReNew Power to support the acquisition of Ostro, bringing CPPIB’s total investment to date in ReNew Power… Read More
E-commerce and technology conglomerate Alibaba Group Holding has agreed to acquire a 57 percent stake in China-based online delivery and local services platform Ele.me. Alibaba and its affiliate Ant Small and Micro Financial Services currently own 43 percent of outstanding voting shares in the company. Exiting investors in Ele.me include… Read More
India-focused private equity firm Lighthouse Funds has reached a first close for its third fund with US$150 million in capital commitments. Investors in the fund include development finance institution IFC, which will commit up to US$45 million. The fund, which is reportedly targeting US$200 million in total commitments, will invest… Read More
Sunlands Online Education Group, a China-based provider of post-secondary and professional education backed by Primavera Capital Group and Matrix Partners China, has raised US$149.5 million via its initial public offering (IPO) on the New York Stock Exchange. Sunlands sold 13 million new American Depository Shares for US$11.50 per share. Concurrent… Read More
Emerald Media, a pan-Asian media and entertainment platform backed by global investment manager KKR, has acquired a significant minority stake in Singapore-based sports technology and management company Global Sports Commerce (GSC) for US$80 million. The investment comprises primary growth capital, as well as the secondary purchase of Asian entertainment-focused growth… Read More
India-focused venture capital fund manager Fireside Ventures has reached a final close for its debut fund with INR3.4 billion (approximately US$52 million) in capital commitments. Investors in the fund include Westbridge Capital, Unilever Ventures, Emami Group and India-based family offices. The fund will focus on seed and Series A investments… Read More
Global alternative investment firm Brookfield Asset Management and Singapore-based logistics and industrial facilities manager GLP have established a joint venture to develop rooftop solar energy projects in China. The platform aims to install 300 megawatts of rooftop solar generation capacity for logistics and commercial properties over the next three years,… Read More
Global investment manager KKR has established digital marketing platform Cue & Co. through the acquisition of China-based digital advertising, marketing and brand management companies Qi-xin, AnG, WIN and Wina Tech. The new platform will retain all four brands while offering integrated, full-range digital marketing solutions for consumer brands, financial institutions,… Read More
Redpoint China Ventures, the China-focused arm of global venture capital fund manager Redpoint Ventures, has reached a final close for its first RMB-denominated venture capital fund with CNY700 million (approximately US$110 million) in capital commitments. Investors in the fund include China-based institutional investors. The fund will invest in early-stage companies… Read More
Hindustan Infralog, a joint venture between U.A.E.-based port operator DP World and the Indian government-sponsored National Investment and Infrastructure Fund (NIIF), has acquired a 90 percent stake in India-based integrated multimodal logistics company Continental Warehousing Corporation (CWCNSL) for a reported amount of US$400 million. The deal facilitates an exit for… Read More
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