Global investment management company BlackRock Private Equity Partners has led a US$300 million financing round for South Korea-based online retailer Coupang. Investment firms Wellington Management Company, Greenoaks Capital Management and Rose Park Advisors also participated in the round. This new financing will help the company strengthen its market position and… Read More
Global private equity firm The Riverside Company has acquired Malaysia-based specialty chemical distributor Drex-Chem Malaysia. Riverside intends to grow Drex-Chem Malaysia’s product and service offerings and expand the company’s geographic footprint. Financial details of the transaction were not disclosed. … Read More
Global alternative asset manager The Carlyle Group has acquired a 55 percent stake in India-based publishing and technical services provider Newgen KnowledgeWorks from existing investors for US$32.8 million. The transaction was structured through First Carlyle Ventures III. Carlyle acquired the stake held by private equity investors Franklin Templeton Private Equity… Read More
Emerging markets-focused alternative asset manager Cartica Capital has partially exited India-based kitchen appliances manufacturer TTK Prestige for INR465 million (approximately US$7.5 million). Cartica’s remaining 5.7 percent stake is worth around INR2.5 billion (approximately US$40 million). Cartica originally invested in the company in June 2013. … Read More
India-focused investment manager Aditya Birla Private Equity has acquired a 2.5 percent stake in India-based apparel manufacturer Monte Carlo Fashions for INR350 million (approximately US$5.6 million). The transaction, which was part of an anchor investor allotment ahead of the company’s public issue on the Bombay Stock Exchange and the National… Read More
Venture capital firm Qiming Venture Partners has participated in financing rounds for three China-based companies: personal finance mobile app developer Hangzhou Wacai Science (Wacai), biopharmaceutical company CANbridge Life Sciences and NoSQL database provider SequoiaDB. Qiming participated in a US$50 million Series B financing round for Wacai, which was led by… Read More
TPG Capital, the principal investment platform of global private investment firm TPG, has agreed to sell its entire stake in China-based car dealer China Grand Automotive Services (CGA) to a group of investors, led by Chinese financial services company Haitong International Securities Group, for approximately US$700 million. Haitong International will… Read More
Aavishkaar, an India-focused early-stage investor, has exited its investment in India-based Net Systems to the company’s promoters, generating a reported cash-on-cash return multiple of approximately 3x. Net Systems, which operates under the BarrierBreak brand, specializes in accessibility testing and conversion and assistive technology products for people with disabilities. Aavishkaar first… Read More
A group of investors led by global banking, securities and investment management group Goldman Sachs has invested KRW40 billion (approximately US$36 million) in a Series D funding round for South Korea-based Woowa Brothers, which owns and operates the digital food-ordering platform Baedal Minjok. The company will use the new funds… Read More
CITIC Capital Partners, the private equity arm of CITIC Capital Holdings, has acquired a controlling stake in China-based Study & Share Education Company, a provider of test preparation and vocational training for obtaining professional certificates in the construction industry. Study & Share operates more than 40 learning and student recruitment… Read More
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