India-focused private equity firm InvAscent has invested INR1 billion (approximately US$15 million) in India-based Sarvejana Healthcare, operator of hospital chain Sunshine Hospitals. The transaction was structured through India Life Sciences Fund II, a fund managed by InvAscent. As part of the company’s expansion plans in India, Sunshine Hospitals will use… Read More
Global alternative asset manager The Carlyle Group has bought a 37 percent stake in Metropolis Healthcare, an India-based pathology laboratory service provider, from company shareholder Dr. GSK Velu and his affiliates. Financial details of the transaction, which was structured through Carlyle Asia Partners IV, were not disclosed. Read More
A consortium of investors led by North Asia-focused private equity firm MBK Partners has agreed to acquire Homeplus, the South Korea-based subsidiary of United Kingdom-based retailer Tesco, for GBP4 billion (approximately US$6.1 billion) in cash. The consortium also includes Canadian pension funds Canada Pension Plan Investment Board (CPPIB) and Public… Read More
Pan-Asia private equity firm STIC Investments and Korea’s National Pension Service (NPS) have agreed to support Korea-based logistics company CJ Korea Express’s acquisition of a majority stake in China-based logistics company Rokin Logistics. The total transaction amount will be KRW455 billion (approximately US$378 million). STIC and NPS will structure their… Read More
India-focused private equity firm Zephyr Peacock India has partially exited its stake in India-based pre-engineered steel building manufacturer Pennar Engineered Building Systems in an initial public offering (IPO) on the National Stock Exchange and the Bombay Stock Exchange, returning INR892 million (approximately US$13.5 million) to Zephyr Peacock. Zephyr Peacock originally… Read More
India-based online lingerie retailer Zivame has raised a INR2.5 billion (approximately US$38 million) Series C investment round from venture capital fund Zodius Technology Fund and Government of Malaysia investment fund Khazanah Nasional Berhad. Venture capital firms IDG Ventures India, Unilazer and Kalaari Capital, all existing investors in the company, also… Read More
Templeton Asset Management, a financial services subsidiary of Franklin Templeton Investments, has invested US$15.8 million in Indo Trans Logistics Corporation (ITL), a Vietnam-based third-party logistics and warehousing company. The transaction was structured through Templeton Strategic Emerging Markets Fund IV, which is managed by the Templeton Emerging Markets Group of Templeton… Read More
Global private equity firm Warburg Pincus has led a US$45 million Series C funding round for Singapore-based cloud software company Capillary Technologies. Venture capital firms Sequoia Capital and Norwest Venture Partners, both existing investors in the company, also participated in the round. Capillary will use the fresh capital to expand… Read More
Emerging markets (EM) venture capital (VC) activity—in terms of number of deals completed and total capital invested, and as a percentage of overall EM private investment activity—reached record highs in 2014 and showed no signs of slowing down in the first half of 2015. Fund managers completed 472 investments… Read More
Noshir Colah, Operations Partner Aavishkaar The Indian ecosystem for financing early-stage companies commenced during the technology boom in the late 1990s. Investors and entrepreneurs alike were trying to understand the ideas of innovation, entrepreneurship and scale, especially in the context of India. The boom, however,… Read More
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