AION Capital Partners, a joint venture between private equity firms ICICI Venture and Apollo Global Management, has agreed to back a consortium of former GE Capital executives to acquire GE Capital’s India commercial lending and leasing businesses, namely GE Capital Services India and GE Money Financial Services. The transaction will… Read More
Global private equity firm Warburg Pincus has agreed to sell a 16 percent stake in China-based biopharmaceutical company China Biologic Products for US$425.7 million via a secondary offering on the NASDAQ Stock Market. Warburg Pincus originally invested in the company in 2010 in a transaction structured through Warburg Pincus Private… Read More
Pan-emerging markets private equity firm Actis has sold its minority stake in China-based budget and mid-range hotel chain Plateno Hotel Group to China-based hotel group Shanghai JinJiang International Hotels (JinJiang Hotels). The transaction took place as part of JinJiang Hotels’ acquisition of an 81 percent stake in Plateno at an… Read More
Private equity firm Multiples Alternate Asset Management (Multiples PE) and two investment entities co-owned by pension funds Canada Pension Plan Investment Board (CPPIB) and PGGM and development finance institution CDC have invested INR850 million (approximately US$12.4 million) for an additional 2.6 percent stake in India-listed multiplex theater chain operator PVR. Read More
Global private equity firm Warburg Pincus has agreed to invest US$220 million in China-based industrial facilities developer and operator D&J Industrial Property Investment (D&J China) along with D&J China’s founder Mr. Sun Dongping. Warburg Pincus will structure its contribution through Warburg Pincus Private Equity X. D&J China, the second platform… Read More
India-focused private equity firm IDFC Alternatives has agreed to acquire a 76 percent stake in India-based Bangalore Elevated Tollway—a special purpose vehicle that has developed and is currently operating an elevated highway in Bangalore—from India-based infrastructure development companies NCC Infrastructure and Soma Enterprise. NCC and Soma each hold a 38… Read More
Global infrastructure asset manager Macquarie Infrastructure and Real Assets (MIRA) has closed its Asian regional infrastructure platform with US$3.1 billion in capital commitments. The platform includes the Macquarie Asia Infrastructure Fund, which reached its hard cap of US$2.3 billion, and specialist investment vehicles. Investors included pension funds New Mexico State… Read More
Philanthropic investment firm Omidyar Network has invested in India-based digital media platform Newslaundry. A number of individual investors have also participated in the round. Newslaundry will use the new capital to expand its team. Financial details of the transaction were not disclosed. … Read More
India-based e-commerce platform Jaypore has raised an INR300 million (approximately US$4.4 million) Series A round from South- and Southeast Asia-focused impact fund advisory firm Aavishkaar. The investment will be made in two tranches. Jaypore, which sells products such as apparel and accessories, will use the new capital to scale up… Read More
India-based e-commerce logistics company Xpressbees has raised US$12.5 million in a financing round from venture capital firms IDG Ventures India, New Enterprise Associates, Vertex Ventures and SAIF Partners. Hedge fund Valiant Capital Management also participated in the round. Xpressbees will use the new capital to upgrade its technology and expand… Read More
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