Global alternative investment firm Bain Capital has agreed to invest INR13 billion (approximately US$198 million) for a 10.3 percent stake in India-based non-bank financial company L&T Finance Holdings. Bain will subscribe to equity shares and warrants totaling a 5.3 percent stake in the company for approximately INR7 billion (approximately US$107… Read More
Venture capital firm Accel Partners has led a US$37.5 million Series B round of funding for India-based home healthcare company Portea Medical. Development finance institution International Finance Corporation (IFC), Qualcomm’s investment arm Qualcomm Ventures and India-focused venture capital firm Ventureast also participated in the round. IFC invested US$7 million in… Read More
Global alternative asset manager The Carlyle Group, pan-emerging markets private equity firm Actis, global venture capital firm Sequoia Capital and the Government of Singapore’s sovereign wealth fund GIC have agreed to exit China-based Keystone Lodging Holdings, parent of hotel company 7 Days Group, in the company’s acquisition by China-based hotel… Read More
Global alternative asset manager The Carlyle Group, pan-emerging markets private equity firm Actis, global venture capital firm Sequoia Capital and the Government of Singapore’s sovereign wealth fund GIC have agreed to exit China-based Keystone Lodging Holdings, parent of hotel company 7 Days Group, in the company’s acquisition by China-based hotel… Read More
Global private equity firm Warburg Pincus, Legend Holdings' independent venture capital unit Legend Capital and China-based auto car rental company CAR are participating in a US$550 million Series B funding round for UCAR Group, a China-based mobile taxi booking service provider. Warburg Pincus, Legend Capital and CAR are existing shareholders… Read More
Global investment firm Blackstone has agreed to acquire a majority stake in the India-based business process outsourcing (BPO) unit of global public services provider Serco for GBP250 million (approximately US$385 million). Post-acquisition, the unit will be rebranded as “Intelenet Global Services.” The sale is expected to be completed in the… Read More
India- and Southeast Asia-focused private equity and real estate investment firm The Everstone Group has closed its third India-focused private equity fund, Everstone Capital Partners III, with US$730 million in capital commitments. Limited partners in the fund, which included public pensions, insurance companies, endowments and asset managers, committed US$700 million… Read More
ThomasLloyd Group, a global investment and advisory firm focused on the renewable energy sector in Asia, has sold Philippines-based solar power generation company Negros Island Solar Power to Philippine Investment Alliance for Infrastructure (PINAI), a fund managed by Macquarie Infrastructure Management (Asia), a member of Macquarie Infrastructure and Real Assets. Read More
Creador, a private equity firm focused on Indonesia, Malaysia, Singapore and India, has reached a first close for Creador III, the firm’s third fund, with US$250 million in capital commitments. About 80 percent of the capital committed in the first close came from Creador’s existing LPs. The fund, which has… Read More
Southeast Asia- and India-focused venture capital firm Jungle Ventures has reached a first close on its second fund, Jungle Ventures II. The fund, which has a target of US$100 million, will focus on Series A financing rounds and later stage investments, with ticket sizes ranging from US$3 million to US$5… Read More
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