Myanmar-focused private equity firm Delta Capital Myanmar, formerly known as PMM Partners, has reached a first close for Myanmar Opportunities Fund II with US$30 million in capital commitments. Investors in the fund include family offices and high-net worth individuals. The fund is targeting US$100 million in total commitments. Read More
Advisory and investment firm Delta Partners Capital has led an INR1.33 billion (approximately US$19.5 million) Series C round for India-based cloud telephone solutions provider Knowlarity Communications. Other equity investors in the round included venture capital firms Sequoia Capital and Mayfield Fund, while advisory and investment firm Blacksoil Capital and venture… Read More
Indonesia-focused investment firm Falcon House Partners has reached a final close for its second fund with US$400 million in capital commitments, surpassing its US$300 million target. Investors in the fund include university endowments, charitable foundations and funds of funds. Development finance institutions International Finance Corporation, FMO and DEG reportedly committed… Read More
LGT Impact Ventures, the impact investment arm of LGT Group, has led an INR700 million (approximately US$10 million) Series B round for India-based micro-enterprise lender AYE Finance. Venture capital firm SAIF Partners and Accion Venture Lab, the seed-stage investment vehicle of financial inclusion-focused investor Accion, also participated. AYE Finance will… Read More
Singapore-based intellectual property intelligence platform PatSnap has closed a Series C funding round led by Sequoia Capital, with participation from venture capital firms Shunwei Capital Partners and Qualgro Ventures. The company will use the investment to develop new products and expand its team globally. Financial details of the transaction were… Read More
MCap Fund Managers, an India-focused multi-strategy PE investment advisory firm, was awarded the winner of the EMPEA Institute‘s 2016 Sustainability & Operational Excellence Challenge for its active management of Ganesha Ecosphere Ltd. (GESL), a PET bottle waste recycling company in India that creates polyester fiber and yarn. Read More
Global growth equity firm General Atlantic has subscribed to IDR1.08 trillion (approximately US$80 million) in zero-coupon bonds issued by Indonesia-based lifestyle retailer Mitra Adiperkasa (MAP), which are convertible into shares in MAP’s food and beverage subsidiary, MAP Boga Adiperkasa (MBA). MBA operates over 300 stores across 24 cities in Indonesia… Read More
China-focused private equity firm CDH Investments and investments services provider CCB International have sold their stakes in Hong Kong Stock Exchange-listed hospital operator Harmonicare Medical Holdings to China-based life insurance company Taikang Insurance Group. CDH sold a 10.37 percent stake in the company for HKD514 million (approximately US$66 million) and… Read More
Venture capital firms IDG Ventures India and SAIF Partners have led a INR270 million (approximately US$4 million) Series A round for India-based mobile social gaming company PlaySimple Games. The company will use the funds for game development, team expansion and marketing. IDG originally invested in the company’s seed round in… Read More
Venture capital firms IDG Ventures India and Kalaari Capital have invested US$3 million in Singapore-based fintech startup Active.ai, which employs artificial intelligence (AI) to deliver virtual assistant banking services. Active.ai will use the investment to expand its clientele and improve its AI technology. Read More
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