Global private equity firm Warburg Pincus has led a US$100 million Series C financing round for Yunniao.me, a China-based online-to-offline courier service. Existing investors, venture capital firms Matrix Partners, Sequoia Capital and GSR Ventures, also participated in the round. Yunniao.me intends to use the new capital to improve research and… Read More
Advantech Capital, a China-focused private equity fund, has led a Series B financing round of more than US$100 million for China-based biopharmaceutical company Zai Lab. Healthcare-focused investment firm OrbiMed Advisors and existing investors, venture capital firms Qiming Ventures, Sequoia Capital China and TF Capital, also participated in the round. Zai… Read More
Asia-focused middle market private equity firm Olympus Capital Asia has agreed to invest at least US$30 million in CreditAccess Asia, an Asia-focused microfinance operator active India and Southeast Asia. CreditAccess Asia plans to use the new capital to expand its retail lending operations across Asia. Read More
PAG Asia Capital, the private equity arm of Asia-focused alternative investment management firm PAG, has reached a final close for its second Asia-focused buyout fund, PAG Asia II, with US$3.6 billion in capital commitments. The fund, which was oversubscribed, will target major markets in Asia with a focus on buyout… Read More
Venture capital firm Sequoia Capital has led an INR400 million (approximately US$6 million) Series A financing round for India-based craft brewery B9 Beverages, which markets the brand Bira 91. A number of angel investors also participated in the round. The company intends to use the new capital for marketing and… Read More
India-focused private equity firm IDFC Alternatives has agreed to purchase a 37 percent stake in India-based highway operator Dewas Bhopal Corridor from India-based infrastructure company Welspun Enterprises at an enterprise value of INR6.6 billion (approximately US$100 million). The transaction, which was structured through India Infrastructure Fund II, includes a contingent… Read More
India-based housing microfinance lender Swarna Pragati Housing has raised a Series B financing round from India-focused private equity firm Zephyr Peacock India, philanthropic investment firm Omidyar Network, impact fund advisory firm Aavishkaar and angel network Intellecap Impact Investment Network (I3N). The round was worth a reported INR1 billion (approximately US$15… Read More
Apis Partners, a private equity asset manager focused on financial services in Africa and Asia, has agreed to acquire a minority stake in Africa- and Asia-focused financial services provider MicroCred Holdings. The company offers credit products, savings accounts and access to electronic payment services, and intends to accelerate the expansion… Read More
Asia-focused private equity firm Baring Private Equity Asia has acquired China-based packaging company HCP Packaging from global private investment firm TPG Capital for a reported US$775 million. HCP Packaging designs luxury lipstick and make-up containers for cosmetics manufactures such as L’Oreal, Revlon and Shiseido. TPG originally acquired HCP Packaging in… Read More
Indonesia-based conglomerate Salim Group will raise a reported US$1 billion from a consortium including Southeast Asia-focused private equity fund manager Northstar Group and global private investment firm TPG Capital. The consortium, which also includes investment firm Gateway Management, will provide secured financing to Salim Group companies. The Salim Group will… Read More
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