Global private equity firm Warburg Pincus and China-based media and technology group Tencent Holdings have led a US$215 million Series D round for China-based bike sharing company Mobike. Private investment firms Sequoia Capital, TPG and Hillhouse Capital, China-based online travel company Ctrip and China-based hotel management company Huazhu Hotels Group… Read More
The Carlyle Group, China-based conglomerate CITIC and CITIC’s alternative investment arm CITIC Capital Holdings have agreed to acquire the mainland China and Hong Kong businesses of global fast food chain McDonald’s for a total consideration of up to US$2.08 billion. Carlyle will invest through Carlyle Asia Partners IV. After the… Read More
Malaysia-focused asset management firm CMS Opus Private Equity (COPE) has reduced its stake in Malaysia-based energy services group Serba Dinamik Holdings from 16 percent to 6 percent by selling 85 million shares in the company for MYR128 million (approximately US$29 million) in the company’s IPO on the Main Market of… Read More
Exfinity Venture Partners has completed an INR3 billion (approximately US$44 million) final close for its second fund. Investors in the fund include family offices, high-net worth individuals and institutions. The fund will invest in business-to-business technology companies in the United States and India… Read More
India-focused venture capital firm Lightbox Ventures has closed an expansion fund with approximately US$54 million in commitments. Investors in the fund include endowments, pension funds, funds of funds and family offices. The fund will invest in Lightbox’s existing portfolio companies, supporting their further growth. … Read More
Cross-border private equity firm Cathay Capital Private Equity and China-focused venture capital firm Fortune Venture Capital have led a CNY400 million (approximately US$58 million) Series D round for China-based smartphone and consumer electronics recycling company Aihuishou. Early-stage venture capital firm Morningside Ventures and other existing investors also participated in the… Read More
Brookfield Asset Management has agreed to acquire a 100 percent interest in the tower assets of India-based telecommunications provider Reliance Communications for INR110 billion (approximately US$1.6 billion). Brookfield will invest through NYSE- and TSX-listed Brookfield Infrastructure Partners. The transaction is subject to regulatory and shareholder approval. Read More
Private equity investment advisory firm Tridevi Capital has agreed to invest US$20 million in Prabha Energy (PEPL), a subsidiary of Bombay Stock Exchange- and National Stock Exchange-listed oil and gas exploration company Deep Industries. Tridevi made the investment through a subscription of compulsorily convertible debentures, which will represent a 40… Read More
Download the full report here. The Big Picture: An Introduction to Health Care and Private Equity in Emerging Markets When TMG Capital invested in Brazil-based insulin producer Biomm Technology in 2013, the private equity fund manager saw an opportunity to address growing domestic demand for pharmaceutical products by… Read More
India-focused private equity firm Kedaara Capital has agreed to invest INR4.3 billion (approximately US$63 million) for a minority stake in India-based medical diagnostic chain Vijaya Diagnostic Centre. Vijaya provides diagnostic services spanning radiology, imaging, nuclear medicine, conventional and specialty laboratory services and diagnostic cardiology. The company operates 30 locations in… Read More
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