Global private investment firm TPG has acquired a 28 percent stake in Colombo Stock Exchange-listed private healthcare business Asiri Hospital Holding from pan-emerging markets private equity firm Actis. The transaction, which was structured through TPG Growth III, was valued at LKR7.6 billion (approximately US$52 million). Actis originally invested in Asiri… Read More
India-focused venture capital firm Nexus Venture Partners has reached a final close on its fourth fund, Nexus Ventures IV, with more than US$450 million in capital commitments. Investors in the fund include endowments, foundations and financial institutions from North America, Europe and Asia. The fund will focus on seed and… Read More
Asia-Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) has agreed to sell its 38.7 percent stake in China-based natural gas distributor Sino Gas International to existing shareholder Hong Kong-listed gas service operator Zhongyu Gas for US$78.7 million. The transaction, which will be structured through Morgan Stanley Private Equity… Read More
Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures and Japan-based internet media firm DesignOne Japan have invested in Lozi, a Vietnam-based food ordering company. The company plans to use the new funds to grow the number of its website and mobile app users and to develop technology that will… Read More
Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has exited a 16.5 percent stake in India-based auto component maker Jamna Auto Industries. Clearwater Capital Partners returned INR770 million (approximately US$11.5 million) in open market transactions on the Bombay Stock Exchange and the National Stock… Read More
India-focused private equity firm ChrysCapital has acquired a ten percent stake in India-based contract research and discovery services company GVK Biosciences from Sequoia Capital for US$25 million. ChrysCapital has also reportedly committed additional funds to back GVK Biosciences’ plans to grow through acquisitions. The transaction, which recently received Foreign Investment… Read More
Global banking, securities and investment management group Goldman Sachs has invested US$20 million in China-based biotechnology company Ascletis. The company focuses on the discovery, development and commercialization of treatments for infectious diseases and cancer and owns four products in the clinical phase. Ascletis will use the funds to strengthen its… Read More
India-focused venture debt firm Trifecta Capital Advisors has invested INR360 million (approximately US$5.4 million) across three India-based start-ups. The companies that received investment were dialysis network provider NephroPlus, logistics firm Rivigo and personal assistant mobile application HelpChat. Financial details of the individual transactions were not disclosed. … Read More
Southeast Asia-focused private equity firm Navis Capital Partners has agreed to sell Thailand-based poultry producer Golden Foods Siam (GFS) to Brazil-listed food producer BRF for US$360 million. Navis originally invested in GFS in 2009 and is reportedly set for a 3.4x return on its investment. The transaction is subject to… Read More
Global private equity firm Bain Capital has exited India-based motorcycle and scooter manufacturer Hero MotoCorp via a block deal for INR7.63 billion (approximately US$115 million). Bain sold all of its 2.95 million shares, representing a 1.5 percent stake in the company, with the bulk of the shares sold on the… Read More
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