China-based online retailer JD.com has agreed to sell a stake in its logistics arm, JD Logistics, for US$2.5 billion to a group of investors including private equity fund managers Hillhouse Capital and Sequoia Capital. China-based strategic investors China Merchants Group, Tencent Holdings and China Life Insurance also participated in the… Read More
India-focused venture capital fund manager Omnivore Partners has reached a first close for Omnivore Partners India Fund II with US$46 million in capital commitments. Investors in the fund include development finance institutions KfW, the Dutch Good Growth Fund and Small Industries Development Bank of India (SIDBI), the Rockefeller Foundation, the… Read More
Early-stage technology investor NSI Ventures, the venture arm of Southeast Asia-focused alternative investment fund manager Northstar Group, has led a Series A round for Singapore-based online insurance provider Axinan. Existing investor Linea Ventures and other undisclosed investors also participated in the round. Axinan plans to use the new capital to… Read More
Thailand-focused private equity fund manager Lakeshore Capital has invested in Thailand-based wellness-oriented personal care brand Panpuri through Lakeshore Capital I. The new funds will support marketing and research and development efforts. Panpuri operates a global network of more than 40 stores selling bath and skincare products, as well as signature… Read More
Global private equity fund manager Warburg Pincus and Vietnam-based real estate and infrastructure developer Becamex IDC have committed more than US$200 million to a newly formed joint venture, BW Industrial Development (BWID), to develop institutional-grade industrial and logistics properties across Vietnam. The joint venture plans to invest in logistics warehouses,… Read More
China-focused private equity firm Hopu Investment Management has reached a first close for its third fund with US$2 billion in capital commitments. Investors in the fund reportedly include sovereign wealth funds China Investment Corporation and Temasek Holdings and trading house Mitsui & Co. The fund is targeting US$2.5 billion in… Read More
India-focused private equity fund manager InvAscent has reached a second close for India Life Sciences Fund III with US$210 million in capital commitments, reportedly surpassing its US$200 million target. India Life Sciences Fund III will invest between US$10 million and US$40 million in India-based companies in the pharmaceutical, health care… Read More
Korea-focused private equity firm ACE Equity Partners has acquired a 100 percent stake in Korea-based Woojin Electric Machinery for approximately US$200 million. Woojin, which supplies power equipment and electrical engineering solutions to Korean semiconductor and display manufacturers, reportedly plans to hold an initial public offering in 2019. Read More
Global alternative investment firm KKR has reportedly reduced its stake in Hong Kong Stock Exchange-listed investment bank China International Capital Corporation (CICC) through a partial share disposal totaling HKD780 million (approximately US$100 million). Following completion of the exit, KKR will continue to hold a 2.2 percent stake in CICC. Read More
Southeast Asia-focused private equity fund managers Navis Capital Partners and Novo Tellus Capital Partners (NTCP) have agreed to exit their controlling stake in Singapore-based printed circuit board manufacturer MFS Technology to China-focused private equity firm Dehong Capital Partners. Navis and NTCP acquired MFS for approximately US$95 million in November 2014… Read More
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