CVC Capital Partners has agreed to invest IDR1.5 trillion (approximately US$114 million) in convertible, unsecured, zero-coupon bonds issued by MAP Aktif Adiperkasa (MAA), a sports and lifestyle retail and manufacturing subsidiary of Mitra Adiperkasa, an Indonesia-based apparel retailer. The agreement provides CVC with the option to convert its investment into… Read More
Global alternative asset manager The Carlyle Group has sold its 9.6 percent stake in Jiangsu Rainbow Heavy Industries (RHI), a China-based port and marine-related machinery manufacturer. The investment was held by China Crane Investment Holdings, an investment vehicle jointly owned by The Carlyle Group and Finland-based cargo-handling machinery company Cargotech. Read More
Peter Pfister is a Partner and Head of Asia-Pacific on the Global Investment Team at Altius Associates, a global private equity advisory and separate account management firm. Altius has been advising institutional investors on private market investments since 1998 and currently manages and advises approximately US$27 billion (as of… Read More
Aspada Investment Advisors, an investment firm focused on small- and medium-sized enterprises in India, has invested INR200 million (approximately US$3.2 million) in InI Farms, an India-based pomegranate and banana processing and export company. The investment was structured through Aspada Investment Company, a holding company managed by Aspada Investment Advisors. InI… Read More
CMS Opus Private Equity (COPE), a Malaysia-focused asset management firm, has acquired a 30 percent stake in Malaysia-based water treatment and management equipment company Damini. The company plans to use the fresh funding to acquire new businesses and strengthen its operations in the oil and gas sector. The transaction was… Read More
Global investment firm KKR, emerging markets financial services investor LeapFrog Investments and Indium V, an investment vehicle advised by India Value Fund Advisors, have received board approval from Magma Fincorp, an India-based non-banking finance company, to invest INR5 billion (approximately US$80 million) in the company. KKR, Indium V and LeapFrog… Read More
Shanghai Lujiazui International Financial Asset Exchange (Lufax), a China-based peer-to-peer lending platform, has raised RMB3 billion (approximately US$489 million) in a funding round led by BlackPine Private Equity Partners, a China-focused special situations and growth capital fund manager. China-focused private equity and venture capital firm CDH Investments and the private… Read More
Pan-emerging markets private equity firm Actis has fully exited its stake in Teknicast, a Malaysia-based manufacturer of aluminum die-cast components. The stake was sold to an undisclosed Asia-focused investment management firm. Financial details of the transaction were not disclosed. Read More
India-focused private equity fund manager IL&FS Investment Managers has fully exited its stake in Maharashtra Natural Gas (MNGL), an India-based natural gas distributor, via a strategic sale to Indraprastha Gas, an India-based compressed gas distributor. The sale generated a reported cash multiple of 4.1x, including dividends received by the fund,… Read More
Accion Venture Lab, a seed stage investment firm for financial inclusion, and Artha Initiative, an India-focused impact investment platform supported by investment advisory firm Rianta Capital Zurich, have invested US$500,000 in a Series A round for India-based customer relationship management solutions provider Artoo. The company relies on mobile, cloud and… Read More
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