Indonesia-based health care services mobile application HaloDoc has closed a US$13 million Series A funding round led by Singapore-based private investment firm Clermont Group, with participation from venture capital firm NSI Ventures, ride-hailing platform Go-Jek and e-commerce company Blibli. The company offers mobile consultation with doctors and a service that… Read More
China-based logistics and supply chain management company Best Logistics Technologies has completed a US$760 million funding round led by China-focused private equity firm CITIC Private Equity and Everbright Financial Holding Asset Management. Other new investors in the round included: Cainiao Network Technology, China Development Bank International, Bank of China International-controlled… Read More
Development finance institution International Finance Corporation (IFC), IFC Asset Management Company (IFC AMC) and EMA Power, a joint venture between Daelim Energy and Islamic Development Bank Infrastructure Fund II, have invested US$175.5 million to finance Bangladesh-based power producer Summit Group’s future power projects in the country. IFC AMC will invest… Read More
Impact fund manager Equator Capital Partners has fully exited its stake in India-based, Bombay Stock Exchange-listed microlender Satin Creditcare, returning INR2.09 billion (approximately US$31 million) through a series of open-market transactions. Equator originally invested in the company in 2010 and 2013 through ShoreCap II. The exit reportedly generated a 6x… Read More
MC Payment, a Singapore-based financial technology company, has raised SGD6 million (approximately US$4.4 million) in a Series B funding round led by Asia-focused private equity firm ESW Manage and private investment firm DZW Capital. Private equity firm Golden Equator Capital also participated in the round. MC Payments plans to use… Read More
India-focused private equity firm Paragon Partners has led an INR1.1 billion (approximately US$16.5 million) investment in India-based manufacturer and supplier of high-precision engineering components Maini Precision Products. Investors in Paragon’s fund also co-invested in the deal. The transaction included both a primary investment and a secondary component, which provided an… Read More
China-focused private equity firm CDH Investments has agreed to sell a 10.62 percent stake in China-based pork producer WH Group for approximately HKD9.3 billion (approximately US$1.2 billion) on the Hong Kong Stock Exchange. CDH continues to hold a 19.77 percent stake in the company. The firm sold 880 million shares… Read More
An Introduction to Private Equity in India India’s reputation as an assault on the senses is well deserved. Visit any of the country’s 29 states, nearly 8,000 cities and towns, or over 600,000 villages, and one is typically confronted by an onslaught of vibrant colors, musical sounds, rich smells,… Read More
Southeast Asia-focused private equity firm Navis Capital Partners has acquired a 20 percent stake in Malaysia-backed make-up producer and distributor Alliance Cosmetics Group for MYR61.8 million (approximately US$15.4 million) from Malaysian government-backed private equity firm Ekuinas. In addition to its in-house trademark brand SilkyGirl, Alliance Cosmetics Group distributes global brands… Read More
India-focused private equity firm ChrysCapital has participated in an INR3.64 billion (approximately US$54 million) pre-IPO investment in India-based lender RBL Bank. ChrysCapital invested INR190 million (approximately US$2.8 million). Other investors in the round included Azim Premji’s private investment arm PremjiInvest and Government Pension Fund Global, the Norwegian sovereign wealth fund. Read More
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