COFCO Meat, a subsidiary of China-based agricultural conglomerate COFCO Group backed by KKR and Baring Private Equity Asia, has raised HKD1.95 billion (approximately US$251 million) in its IPO on the Hong Kong Stock Exchange. The company sold 975.6 million shares for HKD2 (approximately US$0.26) a share. KKR and Baring Private… Read More
Global private equity firm Warburg Pincus has invested US$75 million for a minority stake in India-based transportation logistics company Rivigo. The company will use the funds to expand operations and improve technology. Separately, Warburg Pincus announced a joint venture with China-based internet data center services provider 21Vianet to acquire and… Read More
The Fall 2016 Bulletin focuses on regulatory changes, which impact and will be of interest to practitioners in the emerging market private capital investment community. Of note are changes to ways in which private equity investment is regulated in Brazil, an overview of potential shareholder and director liability in troubled… Read More
By Matthew Griffin, White & Case In the past, managers encountering issues realising value to investors within the terms of their funds were left with few options. The maturing of the secondary market increasingly provides managers with the opportunity to obtain capital to restructure and reorganise their funds and management… Read More
This brief draws upon engagement with the EMPEA Energy & Infrastructure Council. Members of the Council recognize both the importance and nuanced nature ESG issues have in infrastructure investing in emerging markets. This brief is designed to help articulate those nuances and help support practitioners understanding of ESG in the… Read More
PAG Asia Capital, the private equity arm of Asia-focused alternative investment management firm PAG, has agreed to invest in Singapore-based restaurant operator Paradise Group. Founded in 2008, Paradise Group runs more than 60 outlets in Southeast Asia, China, Hong Kong, Japan, Dubai and the United Kingdom. Financial details of the… Read More
Private equity advisory firm Jacob Ballas Capital India has acquired a one percent stake in India-listed theme parks operator Adlabs Entertainment for an estimated INR70 million to INR80 million (approximately US$1 million to US$1.2 million). Jacob Ballas invested through NYLIM Jacob Ballas India Holdings IV. Adlabs Entertainment, which had previously… Read More
Asia Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) has acquired a 26 percent stake in Thailand-based baby and adult diaper manufacturer DSG International Thailand for THB1.61 billion (approximately US$46 million). MSPEA, which invested through North Haven Private Equity Asia IV (formerly known as MSPEA IV), intends to… Read More
China-based online-to-offline bike sharing platform Ofo has completed a US$130 million Series C round across two tranches. China-based ride-hailing app operator Didi Chuxing led the initial tranche, while U.S.-based alternative investment fund manager Coatue Management, China-based smart phone maker Xiaomi, private equity firm CITIC Private Equity and venture capital firm… Read More
Tigris Infrastructure Partners, an Asia-focused infrastructure investment manager backed by Odyssey Capital and Macquarie Capital, has invested US$30 million in China-based wastewater treatment company Yixing Jeffcon. Tigris Infrastructure Partners made its commitment through the Tigris Water Investment Platform. With Tigris’ support, Jeffcon plans to expand outside of China. Read More
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