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
India-focused private equity firm IDFC Alternatives has agreed to acquire a 24 megawatt wind power generation business in Maharashtra from National Stock Exchange-listed power generation company Jindal Steel and Power. IDFC will invest through India Infrastructure Fund II. Financial details of the transaction, which is subject to customary regulatory approval,… Read More
Global investment management firms Hillhouse Capital and Warburg Pincus have led a Series C round of more than US$100 million for China-based bike sharing mobile application Mobike. Venture capital firms Sequoia Capital and Qiming Venture Partners also participated in the round. Mobike was launched in December 2015 and has an… Read More
Private equity advisory firm Jacob Ballas Capital India has partially exited its investment in India-based active pharmaceutical ingredients and chemicals maker Vivimed Labs, selling an 8 percent stake on the Bombay Stock Exchange. Jacob Ballas, which originally invested through Jacob Ballas India Fund III, sold 6.5 million shares for INR10… Read More
China-focused private equity firm FountainVest has reached a final close for FountainVest China Capital Partners Fund III with US$2.1 billion in capital commitments. Investors in the fund, which was oversubscribed, include pension plans, sovereign wealth funds, insurance companies and other institutions from North America, Europe, Australia, the Middle East and… Read More
China-focused venture capital fund manager Linear Venture has reached a final close for its second fund with approximately US$70 million in capital commitments. The fund comprises both RMB- and U.S. dollar-denominated tranches. Investors in the fund include an Asia-focused hedge fund, as well as founders and executives of internet companies… Read More
ViSenze, a Singapore-based artificial intelligence company for e-commerce and digital businesses, has completed a US$10.5 million Series B funding round led by Rakuten Ventures, the venture capital arm of internet company Rakuten, and venture capital firms WI Harper Group and Enspire Capital. Other investors in the round included Singapore Press… Read More
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