India-focused private equity fund manager IL&FS Investment Managers, Franklin Templeton Investments’ private equity arm Darby Private Equity and direct investment fund manager Asia Mezzanine Capital Group have exited their stakes in SFO Technologies, an India-based electronic manufacturing services company, to the company’s management. The three private equity firms previously invested… Read More
Hong Kong-based broadband Internet provider Hong Kong Broadband Network (HKBN) has completed an initial public offering (IPO). The company debuted on the Hong Kong Stock Exchange on 12 March and raised HKD5.8 billion (approximately US$750 million). Global fund of funds manager AlpInvest Partners, private equity and investment advisory firm CVC… Read More
China-focused private equity and venture capital firm CDH Investments has invested RMB140 million (approximately US$23 million) as part of an RMB400 million (approximately US$65 million) Series A round for China-based dairy company Zhongding Dairy Farming. The company will use the new funds to expand and consolidate its dairy assets. Read More
Asia-focused private equity firm Baring Private Equity Asia has agreed to purchase a 57 percent stake in India-based cash management company CMS Info Systems for US$250 million from global investment and advisory firm The Blackstone Group. CMS provides ATM-related cash management services, including cash delivery and pick-ups and in-transit services. Read More
China-based parenting e-commerce website Lamabang has raised US$100 million in a Series C round of funding led by China-based online retailer Vipshop, with participation from venture capital firms Matrix Partners China and Morningside Technologies and asset management firm Greenwoods Asset Management. Lamabang raised US$20 million in Series B funding led… Read More
China-based medical device manufacturer Well Lead Medical, backed by China-focused investment firm JD Capital, has completed an initial public offering (IPO) on the Shanghai Stock Exchange, raising RMB385 million (approximately US$61 million) by issuing 25 million new shares at RMB15.4 (US$2.5) apiece. JD Capital, which invested an undisclosed amount in… Read More
Malaysia-based financial services group CIMB Group and Japan-based conglomerate Mitsubishi have held a first close for their joint fund ASEAN Industrial Growth Fund (AIGF) with US$130 million in capital commitments. Investors in the first close included Development Bank of Japan, Japan-based conglomerate Hitachi, steel manufacturer Yamato Kogyo and financial institutions… Read More
Global private equity firm Elixir Capital has led a round of financing for Malaysia-based online fashion retailer FashionValet. The transaction was structured through Elixir Capital’s ECM Straits Fund. The company intends to use the fresh investment to expand its mobile e-commerce presence, improve its big data strategies and costumer content… Read More
Southeast Asia-focused private equity firm KV Asia Capital has invested in a round of financing for Singapore-based premium chocolate manufacturer Aalst Chocolate. The investment was structured through KV Asia Capital’s investment vehicle International Chocolate and Cocoa Holdings. Aalst Chocolate intends to use the fresh funding to expand into new markets. Read More
Emerging markets-focused alternative asset manager Cartica Capital has sold a 1.4 percent stake in India-based kitchen appliance manufacturer TTK Prestige to India-focused public markets investment manager Nalanda Capital. The secondary sale totaled INR483 million (approximately US$7.8 million). Cartica’s remaining 1.5 percent stake is reportedly worth around INR530 million (approximately US$8.6… Read More
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