CDIB Capital, the international private equity arm of China Development Financial, has participated in a US$45 million investment in China-based integrated logistics and supply chain management service provider Best Logistics Technologies. Other co-investors in the round were not disclosed. Best Logistics plans to use the capital to expand core operations… Read More
India-focused private equity firm IDFC Alternatives has invested approximately US$70 million in a portfolio of operating solar and wind assets to kick-start the formation of an India-focused renewable energy platform. IDFC Alternatives will structure the platform similar to Highway Concessions One, its platform for managing road assets. The transaction is… Read More
Asia-Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) has partially exited Hong Kong-based financial advisor AMTD to China-based investment firms China Minsheng International and LR Capital Group. With Minsheng and LR Capital’s entry, MSPEA reduced its holding in AMTD to 9.9 percent, returning a reported US$94.2 million including… Read More
In the age of transparency, ESG reporting has evolved into a common practice for private equity practitioners in emerging markets, as evident by the shift in the dialogue around ESG. Instead of speculating over the value of ESG reporting, practitioners are instead engaging around strategies to enhance the quality and… Read More
Indonesia-based budget hotel aggregator Nida Rooms has raised US$4.2 million in a pre-Series A financing round from Indonesia-focused early-stage technology venture capital firm Convergence Ventures and internet services-focused investor CyberAgent Ventures. The company plans to use the new funds to expand its business in Indonesia and Southeast Asia. Read More
India-focused private equity fund manager ICICI Venture has acquired a minority stake in Anthea Aromatics, an India-based manufacturer of chemical inputs for the food flavoring and fragrance industry, for INR1.2 billion (approximately US$18 million). The transaction was structured through India Advantage Fund Series 4. Anthea was founded in 1991 and… Read More
The 12th annual edition of EMPEA’s Global Limited Partners Survey features the views of 107 limited partners (LPs) on the emerging markets private equity (EM PE) asset class. This study aims to provide the industry with a better understanding of how LPs’ strategies for investing are evolving; what challenges… Read More
East Africa-focused private equity firm Catalyst Principal Partners has invested in Kenya-based manufacturing company Orbit Chemical Industries. The investment was structured through Catalyst Fund I. Orbit Chemical—which manufactures a diversified line of household and personal care products, industrial chemicals and agro-chemicals—will use the new capital to increase the capacity of… Read More
India-focused investment management firm IDFC Asset Management and India-based consumer electronics company Micromax Informatics have led a US$15 million Series C funding round for India-based digital payments company TranServ. Existing investors in the company, early-stage investor Nirvana Ventures and private equity firm Faering Capital, also participated in the round. IDFC’s… Read More
India-focused private equity fund manager ICICI Venture has reached a first close for its India Advantage Fund Series 4 with US$190 million in capital commitments. Investors in the fund included an Asian sovereign wealth fund and ICICI’s existing investors. The fund will be sector agnostic and will invest US$25 million… Read More
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