Private equity firms Glenwood Private Equity and Baring Private Equity Asia have agreed to acquire South Korea-based cement company Lafarge Halla Cement for an enterprise value of KRW560 billion (approximately US$469 million). Global cement company LafargeHolcim is selling the company as part of a broader global divestment program. The transaction… Read More
Global private equity firm Bain Capital has acquired more than a 90 percent stake in China-based hospital operator Asia Pacific Medical Group (APMG) for US$150 million. The transaction, which was structured through Bain Capital Asia Fund II and Bain Capital Asia Fund III, facilitated an exit for two existing investors:… Read More
India-focused private equity firm InvAscent has invested INR500 million (approximately US$7.4 million) in India-based medical device manufacturer Biorad Medisys. The transaction was structured through India Life Sciences Fund II. Biorad Medisys, which makes orthopedic implants for knee and hip replacements and disposable surgical devices used in radiology procedures, will use… Read More
Direct secondaries fund manager NewQuest Capital Partners has reached a first close for its third fund, NewQuest Asia Fund III, with more than US$500 million in capital commitments. The fund, which has a hard cap of US$520 million, has already exceeded its initial target. NewQuest Asia Fund III will focus… Read More
Thailand-focused private equity firm Lakeshore Capital Partners has invested in Thailand-based digital marketing company ReadyPlanet. The transaction was structured through Lakeshore Capital Fund I. ReadyPlanet intends to use the new capital to support its move from the enterprise market to the retail market. Financial details of the transaction were not… Read More
China-focused private equity fund manager Hony Capital has led a CNY500 million (approximately US$77 million) Series B financing round for China-based boutique entertainment studio Linmon Pictures. Investment holding company Tencent Holding and philanthropic organization Mango V Foundation also participated in the round. Linmon Pictures plans to use the new capital… Read More
India-focused private equity firm Paragon Partners has reached a first close for its maiden fund, Paragon Partners Growth Fund I, with US$50 million in capital commitments. Investors included India-based financial services companies IIFL and Edelweiss Group; India-based investment company Infina Finance; and Canada-based financial holding company Fairfax Financial. The fund… Read More
Technology-focused venture capital firm Amadeus Capital Partners has led a Series C round for India-based online marketplace IndiaMART. Other participants in the round included India-focused private investment firm WestBridge Capital; Quona Capital, an investor in growth-stage financial technology companies in emerging markets; and Intel Corporation’s venture capital arm Intel Capital. Read More
India-focused investment firm Aspada Investment Advisors, India-focused early stage venture capital firm Blume Ventures and a series of angel investors have invested US$650,000 in India-based Dunzo, the operator of a mobile application for managing personal tasks. The company, launched in 2015, allows consumers to complete a range of everyday tasks… Read More
Vietnam-focused private equity firm PENM Partners has sold a 30 percent stake in European Plastics Window Company—a Vietnam-based door, window and partition manufacturer that markets under the Eurowindow brand—to Japan-based sliding door manufacturer Bunka Shutter. PENM Partners originally invested in the company in 2007 and made a follow-on investment in… Read More
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