Asia-focused credit and special situations investor SSG Capital Management has reportedly raised approximately US$1.7 billion for its fourth special situations fund, SSG Capital Partners IV, and closed its second direct lending fund, SSG Secured Lending Opportunities II, at its hard cap with US$800 million in capital commitments. The former reportedly… Read More
Global alternative asset manager The Carlyle Group, China-based conglomerate CITIC and its alternative investment arm CITIC Capital Partners have completed their investment in fast food chain McDonald’s Corporation’s mainland China and Hong Kong businesses. The consortium had previously agreed to invest up to US$2.08 billion, with CITIC and CITIC Capital… Read More
India-focused venture capital firm SAIF Partners India has reached a final close for SAIF India Partners VI with US$350 million in capital commitments. The fund, which is the third raised by the firm since it spun out from SAIF Partners in 2011, will target seed, Series A and growth-stage opportunities… Read More
India-focused private equity and infrastructure fund manager IDFC Alternatives has reportedly agreed to acquire seven India-based solar power projects from U.S.-based global solar energy developer First Solar for INR19.5 billion (approximately US$304 million). IDFC will acquire the projects, which have a total capacity of 190 megawatts, through Vector Green Energy,… Read More
Global infrastructure investment manager I Squared Capital has agreed to acquire 100 percent of Hutchison Global Communications (HGC), the fixed-line services unit of Hong Kong-based Hutchison Telecommunications, for a total consideration of HKD14.5 billion (approximately US$1.86 billion). HGC, which operates more than 1.4 million kilometers of fiber optic networks and… Read More
Global private equity firm Advent International has agreed to acquire a significant stake in India-based innerwear company Dixcy Textiles. The company, which manufactures and retails innerwear, hosiery and casual wear under various brands in India, plans to partner with Advent to expand operations through organic growth and international expansion. Financial… Read More
U.S.-based co-working space operator WeWork will partner with SoftBank Group and China-focused private equity firm Hony Capital to invest US$500 million to establish WeWork China. The new platform will enable WeWork to expand its operations into new cities in China and increase its current footprint in Beijing, Hong Kong and… Read More
Vietnam-focused private equity firm Mekong Capital has partially exited Vietnam-based agricultural products company Loc Troi Group (formerly known as An Giang Plant Protection) via its listing on the Unlisted Public Company Market (UPCoM) exchange. Mekong, which originally invested in Loc Troi in 2008 through Vietnam Azalea Fund, sold approximately 3.1… Read More
Global investment firm KKR has agreed to acquire a 47 percent stake in LS Automotive, the electrical auto parts subsidiary of Korea-based conglomerate LS Group, and a 100 percent stake in LS Group affiliate LS Mtron‘s copper foil and flexible copper-clad laminate business. LS Group will retain a 53 percent… Read More
Samena Capital, a principal investment group focused on the Indian subcontinent, the Middle East and North Africa, has completed its first deal in Myanmar by investing US$19 million in tourism platform SM Asset Holdings through Samena Special Situations Fund III. The company plans to use the new capital to acquire… Read More
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