Vietnam-focused private equity firm Mekong Capital has invested US$6.9 million in Vietnam-based restaurant chain Wrap & Roll. The transaction was structured through Mekong Enterprise Fund III. Wrap & Roll, which currently operates 11 restaurants in Vietnam and four franchise locations in Singapore, plans to work with Mekong to grow internationally. Read More
China Logistics Property Holdings, which is backed by global alternative asset manager The Carlyle Group and Asia-focused private equity firm RRJ Capital, has completed an initial public offering (IPO) on the Hong Kong Stock Exchange, raising approximately HKD3.4 billion (approximately US$434 million). The company will use approximately 15 percent the… Read More
IDG Ventures India and philanthropic investment firm Omidyar Network have led a US$5 million Series A venture capital round for India-based Rejuvenate Solutions, operator of on-demand home services platform Zimmber. Existing investors Aarin Capital and Sherpalo Ventures also participated in the round. The company will use the fresh capital for… Read More
Media-focused alternative investment management company CMC Capital Partners has reached a first close for its second U.S. dollar-denominated China media fund with more than US$350 million in capital commitments. Existing investors accounted for the bulk of commitments. The fund has a hard cap of US$600 million and will focus on… Read More
Philanthropic investment firm Omidyar Network has participated in a US$3 million Series A round for India-based Overcart, a marketplace for businesses with unboxed, refurbished, preowned and excess electronic products. Other investors in the round included JSW Group’s venture arm JSW Ventures and India-based investor Venture Works. Overcart will use the… Read More
India-based Bigtree Entertainment, which owns and operates online entertainment ticketing platform BookMyShow, has raised more than INR5.5 billion (approximately US$82 million) from growth-stage private equity firm Stripes Group, India-based media and entertainment conglomerate Network18 Group, global venture capital firm Accel Partners and Asia-focused private equity firm SAIF Partners. Founded in… Read More
India-based investor IIFL Private Wealth Management and financial services-focused venture capital firm Quona Capital have led a financing round for India-based loan provider NeoGrowth. Other investors included philanthropic investment firm Omidyar Network, India-focused investment firm Aspada Investment Advisors and impact investor Khosla Impact Fund. Quona Capital structured its contribution through… Read More
Global investment firm KKR has agreed to sell 168 million convertible preference shares in China-based car dealership China Greenland Rundong Auto to the company’s founder for approximately US$76 million. Upon completion of the transaction, KKR’s holding in the company will fall from 27 percent to seven percent. KKR originally invested US$100… Read More
SME-focused investment firm Small Enterprise Assistance Funds (SEAF) has invested in India-based Synergy Kitchens & Hospitality, a catering company and provider of on-site kitchens in hospitals, marketed under the brand name Rozzana. Financial details of the transaction, which was structured through SEAF India Agribusiness International Fund, were not disclosed. Read More
Private equity firms Warburg Pincus, Kedaara Capital and ChrysCapital and development finance institution International Finance Corporation (IFC) have partially exited their stakes in India-based lender Au Financiers alongside private equity firm Motilal Oswal Private Equity, which fully exited its stake. The deal was worth INR7.51 billion (approximately US$110 million). The… Read More
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