Global fund of funds manager AlpInvest Partners, private equity and investment advisory firm CVC Capital Partners and the Government of Singapore’s sovereign wealth fund GIC have sold a 7.6 percent stake in Hong Kong-based broadband Internet provider HKBN in a share sale on the Hong Kong Stock Exchange. The sale… Read More
India-based telecom and power transmission equipment manufacturer and services provider Sterlite Technologies has agreed to acquire India-based operations and business support services company Elitecore Technologies from global alternative asset manager The Carlyle Group in an all-cash deal valuing the company at INR1.8 billion (approximately US$27 million). Carlyle originally acquired a… Read More
Asia-focused private equity firm ADV Partners has reached a final close for its pan-Asia-focused fund, ADV Opportunities Fund I, with US$545 million in capital commitments. The fund primarily focuses on China and India, with Southeast Asia, developed Asia and Australia as opportunistic markets, and invests in mid-market companies across a… Read More
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
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