China-focused private equity firm Hony Capital has reached a final close for Hony Capital Fund VIII with US$2.7 billion in capital commitments. Investors in the fund included pensions California State Teachers’ Retirement System, Canadian Pension Plan Investment Board and BBC Pension Trust; sovereign wealth funds Temasek Holdings and Abu Dhabi… Read More
Global investment firm KKR has backed India-based conglomerate Astarc Group in support of Astarc Group’s buyback of a 51 percent stake in its subsidiary Classic Stripes from Asia-Pacific-focused private equity firm Navis Capital Partners. The deal was reportedly valued at INR3.6 billion (approximately US$54 million). Established in 1987, Classic Stripes… Read More
Private equity advisory firm Jacob Ballas Capital India has partially exited its investment in India-based infrastructure construction company PNC Infratech, selling a 2.6 percent stake on the Bombay Stock Exchange. Jacob Ballas sold 1.3 million shares and is estimated to have returned INR670 million (approximately US$10 million). Post-transaction, Jacob Ballas… Read More
Global investment firm Tiger Global, venture capital firm IDG Ventures India and individual investor Yuri Milner have led a US$30 million Series C round for India-based online rental property manager NestAway. The company, which acts as an agent for homeowners looking to rent out their homes, plans to use the… Read More
Global growth markets investor The Abraaj Group is leading a consortium of investors in a US$30 million funding round for Singapore-based Ninja Logistics, operator of last-mile logistics company Ninja Van. Other participants in the round include venture capital firm Monk’s Hill Ventures, growth stage investment firm B Capital Group and… Read More
Global private equity firm TPG has led a US$210 million financing round for India-based microfinance institution Janalakshmi Financial Services. Asia-Pacific-focused private equity investor Morgan Stanley Private Equity Asia, India-based electrical equipment company Havells India and individual investor Vallabh Bhansali also participated in the round. The investment consisted of US$150 million… Read More
Advantech Capital Partners, an early-stage venture firm connected to New Horizon Capital, has led a US$32 million “Series B+” financing round for China-based security risk management software developer Hangzhou Tongdun Technology. Other participants in the round included a unit of China-based investment holding company Suzhou Oriza Holdings; China-focused venture capital… Read More
Private equity firms Zephyr Peacock India and Kaizen Private Equity have led an INR930 million (approximately US$14 million) Series B financing round for India-based non-banking finance company Thirumeni Finance, which operates under the name Varthana. Private equity firm Elevar Equity and philanthropic investment firms LGT Venture Philanthropy and Omidyar Network… Read More
SBI Ven Capital, the overseas private equity arm of SBI Holdings, has invested a reported US$10 million in Indonesia-based commercial lender Bank Index Selindo. The transaction was structured through SBI FMO Emerging Asia Financial Sector Fund. Bank Index, which was established in 1993, plans to launch online and mobile banking… Read More
Global private equity firm Warburg Pincus has participated in a US$300 million Series C financing round for China-based for-rent apartment operator Mofang Apartments. The round was led by China-based financial conglomerate AVIC Trust. Mofang, which operates 150 apartment complexes in 15 Chinese cities, plans to use the new capital to… Read More
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