Global private equity firm Advent International has agreed to acquire an eight percent stake in Singapore-based engineering solutions provider QuEST Global for a reported US$80 million. The transaction values the company at around US$1 billion. Advent International originally bid for the company in December 2015, but lost to a consortium… Read More
Venture capital firm Sequoia Capital has reached a final close for its latest India-focused fund, Sequoia Capital India V, with US$920 million in capital commitments. The fund, which will primarily target companies in India, also includes a minority allocation to Southeast Asia. Institutional investors committed US$875 million to the fund,… Read More
China-focused venture capital firm Qiming Venture Partners has reached a final close for Qiming Venture Fund V with US$658 million in capital commitments. Investors in the fund included United States-based university endowments Princeton University, Duke University and Massachusetts Institute of Technology; United States-based private foundations the Robert Wood Johnson Foundation,… Read More
India-focused private equity firm InvAscent has invested INR600 million (approximately US$8.8 million) in India-based medical device and pharmaceutical distributor Sandor Medicaids. The transaction, which included convertible and non-convertible notes, was composed of a primary issue of shares and a secondary purchase from Somerset Indus Capital Partners, a private equity firm… Read More
Global investment firm KKR has sold its remaining stake in Vietnam-based food and beverage company Masan Consumer to parent entity Masan Group. Masan Group’s agreement with Thailand-based beer producer Singha Asia to create a combined food and beverage platform facilitated KKR’s exit. KKR reportedly generated a return of more than… Read More
The Tigris Water Fund, an Asia-focused growth capital fund co-managed by global infrastructure firms Odyssey Capital and Macquarie Capital, has reached a first close with US$110 million in capital commitments. Investors included development finance institution FMO, Japanese-based engineering consulting company Nippon Koei and Eastspring Investments, the Asian asset management business… Read More
Global asset management company Proterra Investment Partners, formerly known as Black River Asset Management, has agreed to invest US$45 million for a combination of compulsorily convertible debentures and equity shares in India-listed Future Consumer Enterprise, the food and consumer goods arm of Future Group. The transaction was structured through Black… Read More
CITIC Capital Partners, the private equity arm of CITIC Capital, has led a CNY230 million (approximately US$35 million) financing round for China-based virtual reality headset manufacturer Baofeng Mojing. China-based gaming company Tianshen Hudong and an investment fund launched by Baofeng Mojing’s parent company Baofeng Technology also participated in the round,… Read More
China-focused private equity fund manager Hony Capital has reached a first close for Hony Capital Fund VIII with US$1 billion in capital commitments. The vehicle, which has a total target of US$2 billion, comprises pools of capital for both US dollar and Chinese renminbi and aims to raise US$1 billion… Read More
Apis Partners, a private equity asset manager focused on financial services in Africa and Asia, has acquired a minority stake in Electronic Payment and Services (EPS), an India-based ATM outsourcing and payments company. Apis has reportedly agreed to invest US$35 million in the company, of which US$25 million was paid… Read More
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