Michael Lints, Venture Partner Golden Gate Ventures Golden Gate Ventures recently concluded a study about the rise of Southeast Asia as the next fast-growing VC market. China became the region’s first pillar of internet start-up growth in 2005, when regulations were… Read More
Jie Gong, Partner Pantheon The volume of VC investment in China has expanded rapidly in recent years due to a number of drivers. While the sheer size of increase in internet and mobile user numbers is an obvious contributing factor, the trend… Read More
Dmitry Levit, Partner Digital Media Partners Region over-reported yet under-invested Although Southeast Asia is a comparable economy to India—both in terms of size of population that can be effectively addressed and in terms of diversity and fragmentation—it currently receives much less VC investment compared… Read More
Global alternative asset manager The Carlyle Group and China-based conglomerate Huo’s Group have agreed to acquire a 75 percent stake in China-based Tongyi Lubricants, a lubricant supplier founded as a joint venture of Huo’s Group and global energy company Shell, from Shell. Carlyle’s investment will be structured through Carlyle Asia… Read More
Global infrastructure asset manager Macquarie Infrastructure & Real Assets has invested INR7.8 billion (approximately US$122 million) in India-based power producer Ind-Barath Power Infra (IBPIL). The investment provided an exit for global private equity firm 3i Group, which originally invested in IBPIL in 2011. IBPIL will use the fresh capital to… Read More
Private equity group EQT has sold Singapore-based food service distributor Classic Fine Foods Group (CFF) to Germany-based retailing company Metro Group. The transaction values CFF at an initial enterprise value of US$290 million, with an additional earn-out of up to US$38 million based on the company’s performance in 2015 to… Read More
Southeast Asia-focused private equity firm Navis Capital Partners has sold Singapore-based waste management company ECO Industrial Environmental Engineering to China-based wastewater treatment, water construction and real estate development company Beijing Capital Group for SGD246 million (approximately US$180 million). Navis originally acquired a controlling stake in the company in 2007. Read More
Venture capital firm IDG Ventures India, philanthropic investment firm Omidyar Network and India-focused investment firm Sherpalo Ventures have invested INR128 million (approximately US$2 million) in India-based Rejuvenate Solutions, operator of online home services company Zimmber. The company will use the fresh capital for hiring and to expand into new markets… Read More
Download the full brief here. Why Do First-time Funds Matter? First-time funds, defined here as an asset manager’s first private equity (PE) vehicle, have historically accounted for a significant share of fundraising activity in emerging markets (EM). Between 2008 and the first quarter of 2015, 286 first-time funds… Read More
CDIB Capital International Corporation, the international private equity arm of China Development Financial, has a reached a final close for CDIB Capital Asia Partners with US$405 million in capital commitments. The fund will invest in the consumer and retail, advanced manufacturing and business services sectors in China and the broader… Read More
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