Southeast Asia-focused private equity fund manager Northstar Group has reached a final close on Northstar Equity Partners IV with US$810 million in capital commitments. The fund was launched in 2014 with a target of around US$800 million. Northstar Equity Partners IV will follow a similar strategy to its predecessor, aiming… Read More
Global private markets investment manager Partners Group has acquired a minority stake in China-based maternity, baby and children’s products retailer Aiyingshi from China-focused growth capital investor China New Enterprise Investment and two other existing shareholders. With Partners Group’s backing, Aiyingshi plans to improve operations and expand internationally. Financial details of… Read More
Dan Mintz, Chief Executive Officer of Los Angeles-based media company DMG Entertainment, has signed a deal to acquire a 62 percent stake in Taiwan-based television network Eastern Broadcasting Corporation (EBC) from global alternative asset manager The Carlyle Group for a reported deal value of US$600 million. Carlyle originally invested in… Read More
Venture capital firms IDG Ventures India and Accel Partners India have participated in a US$2 million pre-Series A round for India-based online home appliances and furniture rental start-up RentoMojo. The company, which was founded in November 2014, plans to use the funding to expand across India. … Read More
China-based snack and beverage group Dali Foods Group has raised HKD8.9 billion (approximately US$1.1 billion) in an initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold 1.69 billion shares at HKD5.25 (approximately US$0.68) apiece. Dali Foods Group is backed by private equity and venture capital firm… Read More
Thailand-focused private equity firm Lakeshore Capital Asia has closed Lakeshore Capital Fund I with US$60 million in capital commitments. Investors included development finance institution International Finance Corporation, which committed up to US$20 million. The fund has already invested in two companies and plans to make five to eight investments in… Read More
South- and Southeast Asia-focused impact fund advisory firm Aavishkaar and Pearson Affordable Learning Fund, the impact investing fund of global education company Pearson, have invested US$2.3 million in a Series A financing round for India-based English language learning company Karadi Path. Aavishkaar’s investment was structured through Aavishkaar India II. Karadi… Read More
Global investment firm KKR has completed an investment in China-based aquatic feed company Yuehai Feed Group. The transaction was structured through KKR’s China Growth Fund. KKR reportedly paid around US$100 million for a significant minority stake. Yuehai, which provides feed and nutrition solutions for shrimp and seawater fish farming, intends… Read More
Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures has invested more than US$6 million across six companies in Thailand, Indonesia and Malaysia. The Thailand-based companies that received investment were Claim Di, a mobile application for facilitating claims between drivers and insurance companies, and Stamp, a third-party identity verification company. Read More
India-based clean energy company ReNew Power Ventures has raised US$265 million in a round of funding from global alternative asset manager Global Environment Fund (GEF), the private equity arm of investment bank Goldman Sachs and sovereign wealth fund Abu Dhabi Investment Authority (ADIA). GEF invested up to US$15 million, while… Read More
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