Southeast Asia-focused private equity firm KV Asia Capital, together with its local and international partners, has acquired a controlling interest in Malaysia-based hypermarket chain TF Value-Mart. The transaction was structured through KV Asia Capital’s investment vehicle Peta Sejahtera. Financial details of the transaction were not disclosed. … Read More
India-focused private equity firm IDFC Alternatives has sold a portion of its stake in India-based agricultural commodity warehousing service company Star Agriwarehousing and Collateral Management (StarAgri) to Singaporean sovereign wealth fund Temasek for a reported INR750 million (approximately US$11 million). IDFC Alternatives originally invested in StarAgri through its fund IDFC… Read More
Global investment firm KKR has acquired a 9.95 percent stake in India-listed Max Financial Services, the holding company of India-based private life insurance provider Max Life, from a sponsor group for INR9.5 billion (approximately US$139 million). The transaction was structured through KKR’s Asian Fund II. Max Financial Services, which recently… Read More
Hong Kong-based online clothing retailer Grana has secured an additional US$3.5 million in seed funding led by Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures. Venture capital firm Mindworks Ventures and Hong Kong-based luxury retailer Bluebell Group also participated in the round. Grana will use the capital to develop… Read More
Nexif Energy, a Southeast Asian independent power producer formed with the backing of energy-focused private equity firm Denham Capital, has taken a controlling interest in Vietnam-based hydro power project Coc San through the acquisition of a majority stake in Vietnam-based power producer Viet Hydro. Coc San, a run-of-the-river 30 MW… Read More
Unitus Impact, an investment arm of Unitus Group, has reached a final close for its Livelihood Impact Fund with US$45 million in capital commitments. Investors included Australia-based pension fund Christian Super, development finance institution Overseas Private Investment Corporation and two philanthropic organizations: the eBay Foundation and the Rockefeller Foundation. Livelihood… Read More
Aspada Investment Advisors, an investment firm focused on small- and medium-sized enterprises in India, has led a US$5 million Series A financing round for India-based recruitment service provider Aasaanjobs. Venture capital firms IDG Ventures India and Inventus Capital Partners also participated in the round. Aasaanjobs will use the new capital… Read More
Hong Kong-listed parent company Kingsoft, China-based investment entity ChinaAMC Special Investment and venture capital firm IDG Capital Partners have agreed to invest US$60 million in China-based cloud hosting, storage and database services company Kingsoft Cloud Group. Kingsoft will invest US$31.1 million, while ChinaAMC Special Investment and IDG will contribute US$26.31… Read More
CDIB Capital, the international private equity arm of China Development Financial, has invested US$30 million in China-based recycled fiber, filament and fabric manufacturer Anhui Dong Jin Renewable Resource Technology (Dong Jin). The transaction was structured through CDIB Capital Asia Partners Fund. With CDIB Capital’s support, Dong Jin will expand its… Read More
Southeast Asia-focused venture capital firm Venturra Capital has led a US$12 million Series A financing round for Malayasia-based mobile fitness-sharing platform KFit. Venture capital firms Sequoia Capital India, 500 Startups and Intres Capital’s Axiata Digital Innovation Fund also participated in the round, as did global trading firm Susquehanna International Group. Read More
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