China-focused private equity fund manager Hony Capital has fully exited its investment in Chinasoft International, a China-based software and information services provider listed on the main board of the Hong Kong Stock Exchange. Hony sold 335 million shares at HKD3.93 (approximately US$0.51) apiece to a group of buyers including insurance… Read More
PAG Asia Capital, the private equity arm of Asia-focused alternative investment management firm PAG, has agreed to wholly acquire South Korea-based toy robot manufacturer Young Toys for KRW220 billion (approximately US$203 million). PAG will acquire a 96.5 percent stake held by Asia-focused private equity fund manager Headland Capital Partners, which… Read More
Global alternative asset management firm The Carlyle Group has exited its investment in India-based pharmaceuticals company Claris Lifesciences via an open market sale on the Bombay Stock Exchange. Carlyle sold approximately 6.2 million shares, representing an 11.3 percent stake in Claris, for INR1.7 billion (approximately US$27 million). Carlyle invested US$20… Read More
Global investment firm KKR and South Korea-focused private equity fund manager Anchor Equity Partners have agreed to acquire a 46 percent stake in South Korea-based mobile e-commerce company Ticket Monster from United States-based deal marketplace company Groupon for approximately US$360 million. Canada Pension Plan Investment Board, Pavilion Capital, a subsidiary… Read More
Impact investing private equity firm Vital Capital has completed a follow-on investment in Focal Energy Holdings, a renewable energy platform operating in India. The new investment, which will be made via a convertible bond issued by Focal, brings Vital Capital’s total commitment to the company to US$16 million. Focal builds,… Read More
Global investment firm KKR has fully exited its 2.5 percent stake in India-based telecommunications infrastructure company Bharti Infratel through a series of block sales on the Bombay Stock Exchange in March and April. KKR initially invested US$250 million in the company in 2008. Financial details of the transaction were not… Read More
China-focused private equity firm Hony Capital has fully exited its investment in China-based generic drugs manufacturer CSPC Pharmaceutical Group for HKD9.8 billion (approximately US$1.3 billion). Through three affiliates, Hony sold 1.37 billion shares, representing a 23.2 percent stake, in CSPC to third parties at HKD7.15 (approximately US$0.92) apiece. The transaction… Read More
Emerging markets-focused private equity firm Wolfensohn Capital Partners (WCP) has partially exited its stake in India-based lender DCB Bank in open market transactions on the National Stock Exchange. On 15 April, WCP sold 2.32 million shares—about a 0.8 percent stake in the company—for INR121.73 (approximately US$1.94) apiece in a transaction… Read More
Asian private equity fund of funds Asia Alternatives Management has held a final close with more than US$1.8 billion in commitments for Asia Alternatives Capital Partners IV (AACP IV) and its related fund vehicles (collectively Fund IV). AACP IV—the largest of the funds–along with its sleeve fund AACP IV Ex-Japan… Read More
Vietnam-based restaurant operator Huy Vietnam Group has raised US$15 million in a Series C investment round led by Templeton Asset Management, a financial services subsidiary of Franklin Templeton Investments. Other investors in the round included private equity firm Welkin Capital, as well as family office Prosperous Alliance. Templeton’s investment in… Read More
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