By Owen Lysak, Clifford Chance LLP The UK has had its first general election since it voted to leave the European Union (EU) last year, just weeks ahead of the start of Brexit negotiation talks. The asset management industry continues to face a period of uncertainty whilst we wait… Read More
The EMPEA Summer Bulletin focuses on various topics including the changing relationship between the United Kingdom and the European Union, recent currency and policy developments in China (particularly, the “One Belt Road” policy) and the likely impact of a new bankruptcy code on private credit and private equity industry… Read More
Aspada Investments, was chosen as one of three finalists in the EMPEA Institute’s 2017 Sustainability & Operational Excellence Challenge for its management of EM3 AgriServices, India’s first provider of farm services on a pay-per-use basis. Services on the platform are provided for the entire farm cultivation cycle including land… Read More
India-based farm mechanization services company EM3 AgriServices has raised a US$10 million Series B round from existing investor Aspada Investment Advisors, an investment firm focused on small and medium-sized enterprises in India, and London-based Global Innovation Fund. Aspada invested through Aspada Investment Company, a venture capital investment vehicle backed by… Read More
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
(default archive template)