Global investment firm KKR has agreed to invest US$150 million in India-listed manufacturer of polyester value-chain products JBF Group. KKR will acquire a 20 percent stake in JBF, while the remaining proceeds will be invested in zero-coupon convertible preference shares with 14.5 percent voting rights in JBF’s unlisted subsidiary, JBF… Read More
India Value Fund Advisors (IVFA), a firm focused on investing in mid-sized businesses, has reached a final close for its Indium V fund with US$700 million in capital commitments. The fund—which reached its hard cap—attracted about 25 investors, including Canada Pension Plan Investment Board and Australian sovereign wealth fund Future… Read More
Global alternative asset manager The Carlyle Group has invested RMB530 million (approximately US$87 million) in Beijing Ubox Technology & Trade, a China-based vending machine operator. The investment was structured through Carlyle Beijing Partners Fund. The company will use the new capital to expand its vending machine network in China and… Read More
Global bank BNP Paribas has agreed to acquire India-based online brokerage company Sharekhan, which is backed by private equity firms The Rohatyn Group, Baring Private Equity Asia, IDFC Alternatives and Samara Capital. BNP Paribas is acquiring 100 percent of the company for a reported INR22 billion (approximately US$344 million). The… Read More
Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures has reached a first close for Golden Gate Ventures Fund II with US$35 million in capital commitments. Investors in the first close included Singaporean sovereign wealth fund Temasek, angel investor Eduardo Saverin, European multi-family office Monitor Capital Partners, Singapore’s National Research… Read More
China-based peer-to-peer lending website Firstp2p has completed a US$41 million Series B funding round from private equity firm CITIC Capital, venture capital firm ChinaEquity and principal investment firm San Shan Capital Partners. Firstp2p will use the new funds to scale its online lending business and add new business lines in… Read More
Singapore-based Giosis, the parent company of e-commerce company Qoo10, has raised US$82.1 million in a Series A round led by media-focused holding company Singapore Press Holdings. Other participants in the round included venture capital firms UVM 2 Venture Investments and Oak Investment Partners, e-commerce company eBay, media-focused investment company Saban… Read More
India-based Living Consumer Products, operator of mobile dating app iCrushiFlush, has raised a pre-Series A round of funding from venture capital firm IDG Ventures India. The app matches its users based on their location and includes an in-app gifting service. Financial details of the transaction were not disclosed. Read More
China-focused venture capital firm Haiyin Capital has led a US$54.9 million Series B round in China-based mobile app testing company Testin. Venture capital firms IDG Capital Partners and Banyan Capital also participated in the round. Testin, which provides technology solutions for mobile app developers and game operators to test their… Read More
Global private equity firm Warburg Pincus has agreed to invest INR18 billion (approximately US$284 million) for a minority stake in India-based real estate development company Piramal Realty. The capital raised will be used to expand Piramal Realty’s portfolio and acquire additional land in and around Mumbai. The company currently has… Read More
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