Global investment firm KKR has agreed to acquire a 13 percent stake in Tarena International, a China-based professional education company listed on the NASDAQ Stock Market. KKR will purchase 6.8 million shares in the company from existing shareholders–investment bank Goldman Sachs and venture capital firm IDG Technology Venture Investments–for US$70… Read More
South- and Southeast Asia-focused impact fund advisory firm Aavishkaar has reached a first close for Aavishkaar Frontier Fund with US$45 million in capital commitments. The fund has a target of US$75 million and seeks to invest in socially beneficial and commercially viable companies in Indonesia, Bangladesh, Sri Lanka and Pakistan. Read More
Global private equity firm Warburg Pincus has partially exited United States-listed biopharmaceutical company China Biologic Products via a share sale. Warburg sold 2.3 million shares for US$105 apiece, returning a total of US$241.5 million and reducing Warburg’s holding in the company from 43 percent to 34 percent. The transaction was… Read More
China-focused venture capital firm SAIF Partners China has participated in a RMB5.8 billion (approximately US$942 million) round of funding for Zhong An Online Property Insurance, a China-based property insurance company. A vehicle controlled by investment bank Morgan Stanley led the investment, and other participants in the round included: China-based investment… Read More
Energy-focused private equity firm First Reserve will subscribe to a portion of a SGD169.5 million (approximately US$126 million) rights issue by Singapore-based upstream oil and gas company KrisEnergy. First Reserve will subscribe to 87 million shares, or approximately 20 percent of the issue, for SGD0.39 (approximately US$0.29) apiece, representing a… Read More
Global building materials manufacturer Lafarge has agreed to acquire a 14 percent stake in Lafarge India, the company’s India arm, from Asia-focused private equity firm Baring Private Equity Asia for EUR270 million (approximately US$304 million). The transaction is part of Lafarge’s planned merger with Holcim, a global building materials manufacturer. Read More
Aspada Investment Advisors, an investment firm focused on small- and medium-sized enterprises in India, has raised US$25 million from the Soros Economic Development Fund (SEDF), a non-profit social investment fund, for Aspada Investment Company, a permanent capital vehicle anchored by SEDF. The new capital brings the vehicle’s total size to… Read More
Shoreline Capital, a fund manager focused on distressed debt and special situation investments in China, has reached a US$500 million final close for Shoreline China Value III, as well as a first close for its associated overflow fund at US$115 million. At the time of its final close, about half… Read More
Healthcare-focused private equity fund manager Quadria Capital has reached a final close for Quadria Capital Fund with US$304 million in capital commitments. Investors in the fund included development finance institutions Overseas Private Investment Corporation and International Finance Corporation, as well as India-based asset management company Religare Global Asset Management. The South- and… Read More
Singapore-based online property company PropertyGuru Group has announced a SGD175 million (approximately US$129 million) investment from a consortium of three investors: global private investment firm TPG, venture capital firm Square Peg Capital and Indonesia-based media company Emtek Group. The investment will support PropertyGuru’s innovation, marketing and further expansion in Southeast… Read More
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