Global private equity firm Warburg Pincus has completed a follow-on investment in China-based apartment developer Mofang Gongyu, committing nearly US$200 million across two rounds of funding. Warburg Pincus originally invested US$60 million in Mofang in a Series B financing round in 2013. Mofang intends to open 100 buildings through a franchising… Read More
NYLIM Jacob Ballas India, a vehicle co-owned by New York Life Insurance Company and private equity advisory firm Jacob Ballas Capital India, has partially exited its stake in India-based infrastructure construction company PNC Infratech via an initial public offering (IPO) on the Bombay Stock Exchange and National Stock Exchange. Jacob… Read More
Standard Chartered Private Equity (SCPE), the private equity arm of Standard Chartered Bank, has invested US$42 million to acquire a 45 percent stake in Indonesia-based Omni Centre, a newly formed retail electronics joint venture with investment manager TT International. SCPE’s capital injection will help finance the joint venture’s consumer electronic… Read More
International Finance Corporation (IFC), a member of the World Bank Group, and IFC Asset Management Company (AMC), a wholly-owned subsidiary of IFC, have each invested US$75 million in Hong Kong-listed gas supplier China Tian Lun Gas Holdings, for a total investment of US$150 million. AMC’s transaction was structured through its… Read More
Global investment firm KKR has completed a US$400 million investment in China-listed chicken meat producer Fujian Sunner Development, acquiring an 18 percent stake in the company. Since the investment was first announced in August 2014, Sunner reports that it has been selected as one of the five local‐market direct suppliers—and… Read More
China-based online video company Leshi Internet Information & Technology’s sports affiliate, Letv Sports Culture Develop, has raised RMB800 million (approximately US$131 million) from China-focused private equity firm Yunfeng Capital, China-based conglomerate Dalian Wanda Group and other undisclosed investors. The round valued Letv Sports at RMB2.8 billion (approximately US$458 million). Letv… Read More
India-based digital cinema distribution company UFO Moviez has completed an initial public offering (IPO) on the Bombay Stock Exchange and the National Stock Exchange, providing partial exits for international investment firm 3i Group and private equity firm Providence Equity Partners. UFO Moviez raised INR6 billion (approximately US$94 million) in the… Read More
Venture capital firm Nexus Venture Partners has closed Nexus India Capital IV, the firm’s fourth early-stage venture fund, with US$304 million in capital commitments. In addition, the firm has raised US$130 million for a top-up fund focusing on later-stage investments in existing portfolio companies. Commitments for the two vehicles reportedly… Read More
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$15 million in Guanghua Education Group (GH Education), a China-based private school operator. The transaction was structured through CNEI Fund II. GH Education intends to use the capital to set up new schools and campuses, as well as… Read More
Pan-emerging markets private equity firm Actis has agreed to sell its majority stake in India-listed automobile light manufacturer Phoenix Lamps to India-listed automobile cable manufacturer Suprajit Engineering for up to INR1.5 billion (approximately US$24 million). Actis will sell a 51 percent stake for INR1.2 billion (approximately US$20 million), and then,… Read More
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