Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has partially exited its stake in India-based cable and conductor manufacturer Diamond Power Infrastructure. Clearwater sold a 2.03 percent stake in the company for INR50.3 million (approximately US$793,000) via open market transactions on the Bombay Stock… Read More
China-focused venture capital firm Shenzhen Fortune Venture Capital has led a US$100 million Series D round in China-based publishing and e-commerce company Yoho. Additional participants in the round included China-focused private equity and venture capital firms CDH Investments, China Media Capital, SAIF Partners and Telescope Capital, and Temasek Holdings’ subsidiary… Read More
Global investment firm KKR has completed a social enterprise technical assistance project with Philippines-based vaccine company Glovax Biotech. KKR completed the project in collaboration with Singapore-based social enterprise organization Impact Investment Exchange Asia and its sister organization Impact Investment Shujog. Glovax Biotech imports, distributes and retails vaccines to low-to-middle-income Filipinos. Read More
China-focused venture capital firm Shunwei Capital Partners has closed its third USD-denominated venture capital fund, Shunwei China Internet Fund III, with US$1 billion in capital commitments. The fund originally had a target of US$500 million and was oversubscribed. The vehicle will invest in start-ups focusing on mobile internet, intelligent hardware… Read More
Expara Ventures—a venture capital firm focused on interactive and digital media start-ups in Singapore, Malaysia and Thailand—has reached a first close for its second vehicle, Regional Early Stage Fund, with SGD5 million (approximately US$3.7 million) in capital commitments. The fund, which has a target of SGD30 million (approximately US$22 million),… Read More
Shoreline Capital Management, a fund manager focused on distressed debt and special situation investments in China, has reached a US$195 million final close for an overflow fund associated with Shoreline China Value III. While Shoreline China Value III—which held a US$500 million final close in June 2015—focuses on non-performing loans… Read More
Credit-focused private equity firms Shoreline Capital Management and Oaktree Capital Group have reportedly teamed up to purchase a portfolio of non-performing loans in China for a total of US$168 million. Shoreline contributed 51 percent of the deal value, with Oaktree contributing the remaining 49 percent. The portfolio consists of loans issued to… Read More
India-based fruit drinks manufacturer Manpasand Beverages has listed on the Bombay Stock Exchange and the National Stock Exchange. The company floated its initial public offering (IPO) at a price range of INR290-INR320 per share (approximately US$4.56-US$5.00), raising a total of INR4 billion (approximately US$63 million). The IPO was oversubscribed by… Read More
ASEAN-focused private equity firm NDE Capital has held a first close on its second fund, NDE Capital II, with US$107 million in capital commitments. The fund, which has a US$350 million hard cap, will allocate 60 percent of its capital to investments in China and 40 percent to investments in… Read More
China-based Didi Kuaidi, a taxi-hailing app operator, has raised a US$2 billion financing round from a group of investors that included global private equity firm Capital Group Private Markets and the venture capital arm of China-based Ping An Insurance, Ping An Ventures. Capital Group invested around US$350 million in the… Read More
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