Glenwood Private Equity agreed to invest KRW680b (~USD514m) to acquire a minority stake in Hanwha Advanced Materials, a South Korea-based manufacturer of lightweight composite materials, from its South Korea-listed parent company Hanwha Solutions. Read more… Read More
KKR led a USD48m Series C for Privy, an Indonesia-based digital identity verification services provider, with participation from Singtel Innov8 and follow-on from MDI Ventures, GGV Capital and Telkomsel Mitra Inovasi. Read more… Read More
Sembcorp agreed to acquire a 100% interest in Vector Green Energy, an India-based renewable energy independent power producer, for INR27.8b (~USD345m). The deal will facilitate an exit for Global Infrastructure Partners’ India Infrastructure Fund II. Read more… Read More
Tiger Global sold a 3.57% stake in India-based, NSE- and BSE-listed insurance aggregator PolicyBazaar’s parent firm PB Fintech for INR6b (~USD75m). Read more… Read More
TPG and Lighthouse each sold shares in Nykaa, an India-listed online fashion retailer, for INR12b (~USD148m) and INR7b (~USD86m), respectively. Read more here and here… Read More
TPG reached a USD3.4b first close for its eighth flagship Asia fund, which was launched earlier this year with a USD6b target. Read more… Read More
Elevar Equity led a INR500m (~USD6m) Series A for India-based remote healthcare provider CureBay. Read more… Read More
Enlight Growth Partners and Fore Bright Capital led a CNY100m (~USD14m) pre-Series B for Bailian.AI, a China-based B2B marketing firm, with participation from DeTong Capital and follow-on from Orient Jiafu Asset Management and Yunqi Partners. Read more… Read More
Investcorp led a INR5.45b (~USD67m) investment in Global Dental Services, an India-based dental clinic chain operator, with participation from Tybourne Capital Management, SeaLink Capital Partners and others. Read more here and here… Read More
Fusion MicroFinance, an India-based lender focused on women entrepreneurs, raised INR11b (~USD135m) in its IPO on the BSE and NSE. The offering included INR2.3b (~USD28m) in share sales by investors including Warburg Pincus, Creation Investments and GAWA Capital Partners. Read more… Read More
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