Investment management company Dymon Asia Private Equity (DAPE) has acquired a majority stake in Singapore-based vending machine owner and operator Atlas Vending from Atlas’s founding Tan family. Atlas Vending manages more than 5,000 machines in Singapore and Malaysia. DAPE intends to increase the number of Atlas’s vending machines and deploy… Read More
Global private equity firm Warburg Pincus has acquired a 32 percent stake in India-based Laurus Labs, a developer and manufacturer of active pharmaceutical ingredients, for INR5.5 Billion (approximately US$90 million). The company had previously raised a financing round from Fidelity Growth Partners India (FGPI), the private equity arm of Fidelity… Read More
NYLIM Jacob Ballas India, a vehicle co-owned by New York Life Insurance Company and private equity advisory firm Jacob Ballas Capital India, has invested INR500 million (approximately US$8 million) in a pre-IPO financing round for India-based theme park operator Adlabs Entertainment. The company, which owns the Adlabs Imagica theme park,… Read More
Venture Capital firm Kleiner Perkins Caufield & Byers China (KPCB China) has led a US$30 million Series B financing round for China-based mobile advertising company Lomark. Venture capital firms DFJ DragonFund, ABC Capital and Shenzhen Fortune Venture Capital also participated in the round. Lomark had previously raised a Series A… Read More
CDH Venture, a venture capital team under the umbrella of alternative asset fund manager CDH Investments, and China-based venture capital firm Shenzhen Green Pine Capital Partners have invested in a Series A financing round for China-based cloud services company Upyun.com. Upyun, which started as a project to provide cloud computing… Read More
Global energy investor EIG Global Energy Partners has invested US$125 million in India-based renewable energy developer Greenko Group. EIG has invested through a six-year instrument with a cash coupon of five percent per annum and a payment-in-kind (PIK) coupon of six percent due on maturity, with the option of converting… Read More
Telecommunications conglomerate Softbank Internet and Media has agreed to lead a US$100 million financing round for Indonesia-based online marketplace Tokopedia. Venture capital firm Sequoia Capital and existing shareholder SB Pan Asia Fund, a fund managed by Softbank Ventures Korea, will also participate in the round. Sequoia’s investment will be structured… Read More
Global private equity firm Warburg Pincus has received regulatory approval to acquire a 24 percent stake in India-based jewelry retailer Kalyan Jewellers India for INR12 billion (approximately US$195.6 million) and has led a INR1.85 billion (approximately US$30 million) financing round for India-based auto classifieds platform CarTrade.com, with participation from existing… Read More
Alternative investment firm Bain Capital has acquired an 80 percent stake in China-based financial leasing company Lionbridge Financial Leasing for a reported RMB1 billion (approximately US$164 million). The company provides leasing services, lease-back services and leasing asset management in four industry verticals: heavy duty vehicles, medical equipment, manufacturing equipment and… Read More
Southeast Asia-focused private equity firm Navis Capital Partners has agreed to sell China-based Trio Engineered Products to London Stock Exchange-listed engineering company Weir Group for an enterprise value of US$220 million. Trio is a global provider of crushing, screening, washing and conveying equipment to the mining, recycling and mineral industries. Read More
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