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
Venture capital firms IDG Ventures India, Jungle Ventures and India Quotient have invested INR74 million (approximately US$1.2 million) in India-based Momoe Technologies, the operator of a mobile payments application. The company, which is currently active in Bangalore, offers an app-based payment option where users can pay using a virtual wallet. Read More
Southeast Asia- and India-focused private equity firm Creador Capital has invested INR1.35 billion (approximately US$22 million) in India-listed jewelry retailer PC Jeweller. The transaction was structured through Creador II. PC Jeweller operates jewelry showrooms across India, as well as an online retail platform. The company intends to use the fresh… Read More
Asia-focused private equity firm Baring Private Equity Asia has reached a final close on Baring Private Equity Asia Fund VI with approximately US$4 billion in capital commitments, reaching its hard cap. Investors in the fund included Los Angeles City Employees' Retirement System, Texas County & District Retirement System, Pennsylvania Public… Read More
India-focused private equity firm IDFC Alternatives has agreed to acquire a 26 percent stake in India-based Delhi Cargo Service Centre, the cargo services operator at Delhi’s Indira Gandhi International Airport, for INR286 million (approximately US$4.6 million). The deal will be structured through IDFC’s India Infrastructure Fund II. IDFC will purchase… Read More
Global microfinance investor Accion and venture capital firm SAIF Partners have invested US$1 million in India-based Aye Finance, a provider of loans to micro, small, and medium-sized businesses. Accion’s investment was structured through its Venture Labs initiative. Read More
Over the last six months, crude oil prices have fallen from over US$100 to less than US$50 per barrel. While the macroeconomic effects of this decline—falling commodity prices, currency volatility, trimmed economic growth forecasts and more—are far-reaching and varied, particularly in emerging markets, the effect of this drop on the private… Read More
Andrew Affleck, Managing Partner, Armstrong Asset Management Many in the industry have raised concerns that lower oil prices will hamper the push for renewable energy. Interestingly, cheap oil has had limited impact on the momentum of solar energy uptake as seen in the surge of interest in the latter in… Read More
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