EMPEA’s Currency Risk Management Survey is the first pan-emerging markets exploration of the impact of currency volatility on the private equity industry. The survey features the views of 146 industry practitioners, and aims to provide the industry with a better understanding of how both GPs and LPs* report and manage exchange rate… Read More
Vietnam-focused private equity firm Mekong Capital has closed its latest fund, Mekong Enterprise Fund III, with US$112 million in capital commitments. Investors in the fund included development finance institutions FMO and International Finance Corporation, which committed US$17.5 million and US$15 million, respectively. The fund will target both minority and buyout… Read More
CITIC Capital Partners, the private equity arm of CITIC Capital, has agreed to sell its entire 67.1 percent stake in Hong Kong-based packaging materials company Tri-Wall Holdings to Japan-based packaging manufacturer Rengo for a reported US$222 million. CITIC originally invested in Tri-Wall in a transaction structured through CITIC Capital Partners… Read More
India-based online lending platform Capital Float has raised a US$25 million Series B financing round led by Creation Investments Capital Management, an investment management firm with a focus on financial services. India-focused investment firm Aspada and venture capital firms SAIF Partners and Sequoia Capital also participated in the round. Capital… Read More
Global private equity firm Warburg Pincus has completed an investment in UIB, a China-based obstetrics, gynecology (OB/GYN) and pediatrics hospital chain. The transaction was structured through Warburg Pincus XII. The investment will accelerate UIB’s development and expansion of its business offerings in the OB/GYN and pediatrics sector. Financial details of… Read More
Venture capital firms IDG Ventures India, Inventus Capital and Blume Ventures have invested US$6 million in a Series A round for India-based Caeruz Ventures, operator of HealthifyMe, a health and fitness mobile app. The company plans use the capital to improve its technology and further develop its digital coaching platform. Read More
Asia-focused alternative asset management firm Baring Private Equity Asia has agreed to acquire a 35 percent stake in Philippines-based business process outsourcing company TELUS International. The agreement values the company at approximately US$1 billion. With Baring Private Equity Asia’s support, TELUS International plans to expand its operations and invest further… Read More
Ant Financial, a China-based affiliate of e-commerce company Alibaba Group, has closed a US$4.5 billion Series B funding round at a reported enterprise valuation of close to US$60 billion. Investors in the round included China Investment Corporation’s affiliate CIC Capital and China Construction Bank’s subsidiary CCB Trust, as well as… Read More
Lenskart, an India-based eyewear manufacturer, distributor and retailer, has raised INR4 billion (approximately US$60 million) in a Series D round led by development finance institution International Finance Corporation (IFC). Additional investors in the round included private equity firms TPG Growth and Adveq Management, venture capital firm IDG Ventures India and… Read More
The Macro Picture: What Makes Power a Compelling Sector for Investment? The rise of emerging markets over the last two decades has had a transformative impact on the world economy. According to the International Monetary Fund, from 1995 to 2015, emerging markets’ aggregate GDP in purchasing power parity terms… Read More
(default archive template)