China-based software developer Rokid has raised a US$100 million funding round led by Singaporean sovereign wealth fund Temasek with participation from CDIB Capital, the private equity arm of China Development Financial, global venture capital firm IDG Capital and global financial services company Credit Suisse. Rokid develops advanced voice recognition software,… Read More
Global asset management firm The Carlyle Group has reportedly sold 46 million shares of Hong Kong-listed medical device manufacturer Microport Scientific for HKD8.40 (approximately US$1.07) per share, generating proceeds of HKD386 million (approximately US$49.4 million). Carlyle originally invested in the company in 2016 through Carlyle Asia Partners IV. Read More
Development finance institution IFC and Asia-focused credit and special situations fund manager Clearwater Capital Partners have agreed to invest US$150 million in distressed assets in Asia through special purpose vehicle DARP SPV Clearwater 2 (SPV). Clearwater will commit US$75 million in junior debt to the vehicle through Clearwater Fund V,… Read More
India-focused private equity firm Stakeboat Capital has reached a first close for its debut fund with INR2.1 billion (approximately US$33 million) in capital commitments. Investors in the fund include high-net worth individuals and India-based institutions. The fund, which has a target of US$100 million, will focus on mid-market companies in… Read More
India-focused venture capital firm Pi Ventures has reached a second close for Pi Ventures Fund I with US$25 million in capital commitments. Investors in the fund include development finance institution IFC, which committed US$3 million, the Small Industries Development Bank of India, Canada-based investment firm In Colour Capital, India-based electronics… Read More
Impact investment fund manager responsAbility Investments and venture capital firms Accel Partners and Elevar Equity have invested INR1.5 billion (approximately US$23.6 million) in India-based non-banking financial company Samunnati. ResponsAbility led the round and invested through responsAbility Agriculture I. Samunnati, which provides financial services for small and medium-sized businesses across the… Read More
India-listed financial institution Housing Development Finance Corporation (HDFC) has agreed to issue 64 million shares at a price of INR1,726.05 (approximately US$27.18) per share for a total of INR111 billion (approximately US$1.75 billion) to a group of investors. Global asset manager KKR will acquire 9.3 million shares, sovereign wealth fund… Read More
CITIC Capital Partners, the private equity arm of CITIC Capital, has invested CNY1.5 billion (approximately US$231 million) to increase its stake in China-based Harbin Pharmaceutical Group from 45 percent to 60.86 percent. CITIC originally invested in Harbin, which produces antibiotics, modern Chinese medicines and animal vaccines, in 2005 and 2017. Read More
India-focused venture capital firm SAIF Partners has led an INR3.22 billion (approximately US$50.6 million) Series D round for India-based logistics services provider Rivigo Services. Global private equity firm Warburg Pincus also participated in the round. SAIF and Warburg originally invested in Rivigo in 2015 and 2016, respectively. Read More
Global private equity fund manager Warburg Pincus and China-focused fund manager Genesis Capital have invested US$120 million in a Series D round for China-based online tutoring company Zhangmen. The company offers personalized, one-on-one tutoring sessions to more than one million registered students across 600 cities in China. Separately, Warburg, along… Read More
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