CITIC Capital Partners, the private equity arm of CITIC Capital, has exited its entire holding in China Cinda Asset Management, a China-based non-performing loan manager. CITIC has sold its remaining 1.96 percent stake in the company for HKD1.1 billion (approximately US$141 million). In March, CITIC exited a 3.28 percent stake… Read More
Global private equity firm Warburg Pincus has fully exited its 27 percent stake in Metropolis Healthcare, an India-based pathology diagnostic laboratory company, for US$90 million to the Shah family, promoters of the company, who were supported in the buyback by global investment firm KKR. Details regarding KKR’s involvement in the… Read More
Venture capital firm 500 Startups and the venture arm of Japan-based e-commerce firm DeNA have participated in a seed investment round for two companies: Zeemi.tv, an Indonesia-based live-streaming entertainment company, and Blisby, a Thailand-based online marketplace for handicrafts. Zeemi.tv raised more than US$1 million and will use the fresh investment… Read More
ANI Technologies, operator of India-based taxi-booking platform Ola, has raised INR19.5 billion (approximately US$313 million) in a round of funding led by global venture capital firm DST Global, which contributed INR11.5 billion (approximately US$185 million). Other participants in the round included global investment firm Tiger Global, hedge fund Steadview Capital… Read More
9fbank.com, a China-based online finance platform, has raised $110 million in a round of funding. Investors in the round included China-focused venture capital firm IDG Capital Partners; SIG Asia Investment, the venture capital and private equity arm of the Susquehanna International Group; China-based financial services holding company Ping An Insurance;… Read More
WoWo, a China-based entertainment-focused e-commerce platform backed by China-focused private equity and venture capital firm CDH Investments and private investment firm Tianyou Investment, has raised US$40 million in an initial public offering (IPO). The company listed on the NASDAQ Stock Market on 8 April, selling four million shares at US$10… Read More
Legend Capital, the venture capital arm of China-based investment group Legend Holdings, and SIG Asia Investments, the venture capital and private equity arm of the Susquehanna International Group, have led a Series C investment round in Ppdai.com, a China-based peer-to-peer lending company. Venture capital firms Sequoia Capital and Lightspeed China… Read More
South Korea-focused private equity firm Hahn & Company has partially exited its investment in Cowell e Holdings, a South Korea-based mobile phone camera module manufacturer, in an initial public offering (IPO) on the Hong Kong Stock Exchange. The sale returned US$68.4 million to Hahn, giving Cowell a market capitalization of… Read More
India Value Fund Advisors (IVFA), a firm focused on investing in mid-sized businesses, has reached a first close for its Indium V fund with US$500 million in capital commitments. The fund, which is sector-agnostic and has a hard cap of US$700 million, also recently announced its first investment, an INR2.2… Read More
IDFC Alternatives, the alternative asset management arm of infrastructure financing company IDFC, has purchased a 23.5 percent stake in ONGC Tripura Power Company (OTPC), an India-based operator of a gas power plant, for INR4.3 billion (approximately US$68 million). The investment was structured through IDFC’s India Infrastructure Fund II. Existing shareholders… Read More
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