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
South- and Southeast Asia-focused impact fund advisory firm Aavishkaar has invested LKR300 million (approximately US$2 million) in Sri Lanka-based food manufacturer MA’s Foods. The transaction was structured through Aavishkaar Frontier Fund. MA’s Foods, which markets a portfolio of organic, fair-trade and conventional gourmet meal solutions, plans to use the new… Read More
Venture capital firm Monk’s Hill Ventures has reached a final close for its first Southeast Asia-focused fund with more than US$80 million in capital commitments. Investors in the fund included Cisco’s corporate investment arm Cisco Investments, Singaporean sovereign wealth fund Temasek Holdings and Telstra’s corporate investment arm Telstra Ventures. The… Read More
Venture capital firm IDG Ventures India and angel investment group Indian Angel Network (IAN) will invest a reported INR80 million (approximately US$1.2 million) in India-based Little Black Book, a curated online city and lifestyle guide. IDG and IAN will each contribute half of the total amount. Little Black Book will… Read More
Cross-border private equity firm Cathay Capital Private Equity has completed an investment in China-based home furnishing product retailer ABS. The transaction was structured through Sino-French SME Fund. Cathay Capital plans to leverage its home furnishing industry resources in China and France to assist ABS’s cross-border development. Financial details of the… Read More
Steve Okun is Director of Asia-Pacific Public Affairs at global investment firm KKR. In this interview, Steve reflects on KKR and Impact Investment Exchange Asia’s social enterprise assistance program and discusses his lessons learned, from the biggest challenges social enterprises face when preparing to raise… Read More
Asia-focused asset management firm SSG Capital Management has agreed to acquire a 40 percent stake in India-based supply chain and logistics company Future Supply Chain Solutions for up to INR5.8 billion (approximately US$87 million) from parent company Future Retail and Li & Fung Group’s private equity arm Fung Capital. Fung… Read More
Global investment firm Blackstone will acquire a majority stake in India-based information technology (IT) outsourcing services provider Mphasis. As part of the deal, United States-based IT company Hewlett Packard Enterprises (HPE), will sell at least 84 percent of its total 60.5 percent holding in Mphasis to Blackstone. Blackstone has also… Read More
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