Investec Bank has led a US$19.5 million round for Singapore-based Trax Image Recognition. Trax has developed a computer vision platform that turns retail shelf images into real-time insights for manufacturers and retailers. The company plans to use the funds to expand its global operations with a focus on products and… Read More
United States-listed packaging materials company Avery Dennison has agreed to acquire China-based YongLe Tape Company, a manufacturer of specialty tapes and related products, from Asia-focused private equity fund manager ShawKwei & Partners and the company’s management for US$190 million. The purchase price is subject to customary adjustments, including additional earn-outs… Read More
India-focused venture capital firm Stellaris Venture Partners has held a first close for its maiden fund with US$50 million in capital commitments. Investors in the fund include software services company Infosys, as well as financial institutions, corporate investors, entrepreneurs and family offices in the United States, Europe and Asia. The… Read More
China-focused private equity firm CDH Investments has partially exited its stake in China-based pork producer WH Group via a distribution in kind to applicable investors of 537.2 million shares representing a 3.7 percent stake in the company. The shares are worth approximately HKD3.36 billion (approximately US$433 million). CDH continues to… Read More
Hyundai Commercial, an affiliate of South Korea-based Hyundai Motor Group, and a private equity consortium led by Asia-focused fund manager Affinity Equity Partners have agreed to acquire a combined 43 percent stake in South Korea-based Hyundai Card Company from General Electric. Hyundai Commercial and the Affinity-led consortium, which includes Singaporean… Read More
Private equity advisory firm Jacob Ballas Capital India and New York Life Investment Management (NYLIM) have agreed to acquire a minority stake in CentrumDirect, the foreign exchange business unit of Bombay Stock Exchange-listed financial services company Centrum Capital. The firms will reportedly invest US$50 million for a 30 percent stake… Read More
The Blackstone Group has agreed to sell its 17.75 percent stake in India-based International Tractors, the owner of the Sonalika farm equipment brand, to Japan-based agricultural machinery and industrial engineering group Yanmar for INR17 billion (approximately US$250 million). Blackstone originally invested in the company in 2012 through Blackstone Capital Partners… Read More
Global technology-focused investor Silver Lake and China-focused private equity and venture capital firms CDH Investments, Yunfeng Capital and Primavera Capital Group have led a US$1.1 billion round for Koubei, Alibaba Group Holding’s China-based e-commerce services platform. Sovereign wealth fund China Investment Corporation also invested approximately US$150 million in the round. Read More
Global growth markets investor The Abraaj Group has agreed to acquire a majority stake in Pakistan-based Jhimpir Power (JPL) from Asia- and MENA-focused renewable power developer and investor Burj Capital. JPL wholly owns a 50 megawatt wind power project in the Jhimpir wind corridor in southeast Pakistan. The project is… Read More
Joulon, an oil and gas asset management services platform established in 2015 by global investment firm KKR and industry veteran Deepak Munganahalli, has acquired a majority stake in India-based drilling equipment manufacturer Sara Sae. As part of the transaction, India-focused private equity firm Multiples Alternate Asset Management, which originally invested… Read More
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