Vietnam-focused asset manager Dragon Capital and affiliated investors have reportedly acquired 15.3 million shares of Ho Chi Minh City Stock Exchange-listed Saigon Beer-Alcohol-Beverage Corporation (Sabeco). Dragon’s investment was made through various funds including Vietnam Enterprise Investments (VEIL). Financial details of the transaction were not disclosed. Read More
Global Infrastructure Partners (GIP) has reportedly agreed to acquire the infrastructure portfolio of India-focused multi-asset class fund manager IDFC Alternatives. GIP will acquire assets managed by IDFC’s India Infrastructure Fund I and India Infrastructure Fund II, as well as its growth equity funds. The management team of IDFC’s infrastructure portfolio… Read More
Global alternative asset manager The Carlyle Group and minority shareholders have sold their combined 89 percent stake in China-based container ship owner-operator Greater China Intermodal Investments (GCI) to global shipping company Seaspan Corporation. Seaspan will acquire the stake for US$330 million in cash and US$50 million in Seaspan Series D… Read More
Pan-European alternative asset manager Tikehau Capital and SPRIM Ventures, the venture capital arm of Singapore-based medical and scientific consultancy SPRIM Group, have reached a first close for their joint venture fund TKS1 with US$50 million in capital commitments. The fund will focus on early-stage opportunities in medical technology and life… Read More
Myanmar-focused private equity fund manager Delta Capital Myanmar has invested US$7 million for a significant minority stake in Myanmar-based lender Easy Microfinance. The company, which has more than 55,000 clients, plans to use the funds to open new branches and grow its loan portfolio. Delta Capital invested through Myanmar Opportunities… Read More
Global private equity fund manager Warburg Pincus has agreed to invest more than US$370 million in Vietnam Technological and Commercial Joint Stock Bank, known as Techcombank. The company, which serves more than five million customers via 315 branches in Vietnam, plans to use the funds to expand its operations and… Read More
Growth markets investor Actis has led a US$82 million investment round for India-based digital retail payments platform Pine Labs. Global technology-focused investment firm Altimeter Capital also participated in the round. Pine Labs plans to use the funds to increase network penetration in India and expand operations to other countries. Read More
China-focused venture capital firm Shunwei Capital Partners has led a US$100 million Series D funding round for China-based virtual home design technology company Kujiale. Pavilion Capital, an investment arm of Singaporean sovereign wealth fund Temasek Holdings, also participated in the round alongside existing investors IDG Capital, GGV Capital, Yunqi Capital,… Read More
Global SME-focused investment firm Small Enterprise Assistance Funds (SEAF) has invested in Vietnam-based health care provider Phuong Chau (PCJSC) through the SEAF Women’s Opportunity Fund. PCJSC, which operates the Phuong Chau Hospital and provides obstetrics and gynecology services to women in the greater Can Tho region of Vietnam, plans to… Read More
India-focused venture capital fund manager Prime Venture Partners has reached a final close for its third fund with INR4 billion (approximately US$62 million) in capital commitments. The fund will primarily invest in early-stage technology startups in the financial services, health care, education, logistics and software-as-a-service sectors in India. Read More
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