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
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
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