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
China-focused private equity and venture capital firm CDH Investments will return capital to its limited partners by pledging shares in China-based pork producer WH Group worth an estimated HKD12.6 billion (approximately US$1.6 billion). CDH, which is still bound by a 12-month lock-up dating from WH Group's Hong Kong IPO in… Read More
Asia-focused private equity firm Baring Private Equity Asia has reached a US$3.2 billion first close for its latest pan-Asia fund, Baring Private Equity Asia Fund VI. Investors in the fund, which reportedly has a hard cap of US$3.85 billion, include Pennsylvania Public School Employees' Retirement System, San Francisco City &… Read More
IDFC Alternatives, the alternative asset management arm of India-focused infrastructure financing company IDFC, has reached the final close for India Infrastructure Fund II (IIF II) at its hard cap of INR55 billion (approximately US$900 million). The fund received commitments of US$90 million from IDFC and US$810 million from third-party limited… Read More
China-focused private equity and venture capital firm CDH Investments has agreed to acquire a 79 percent stake in China-based alkaline battery manufacturer Fujian Nanping Nanfu Battery from global consumer goods company Procter & Gamble in a transaction reportedly worth US$1 billion. Nanfu Battery sells its products under the Excell, Nanfu… Read More
Vietnam-focused investment manager Dragon Capital has partially exited a 1.1 percent stake in Vietnam-listed dairy company Vinamilk for US$66 million. Dragon Capital originally invested in the company through two of its funds, Vietnam Enterprise Investments (VEIL) and Vietnam Growth Fund (VGF). The recent exit resulted in a reported IRR of… Read More
Venture capital firm Matrix Partners India has invested in the first institutional round of funding for India-based Alchemy Web, a company that provides restaurants with a platform to run day-to-day operations under the brand LimeTray. Services include ordering, online presence management and customer relationship management. Financial details of the transaction… Read More
Asia-focused private equity firm Affinity Equity Partners has agreed to buy a minority stake in Malaysia-based poultry producer Leong Hup International in a deal that values the company at around US$600 million, excluding debt. Its operations span from producing feed and rearing day-old chicks to contract farming, slaughtering and processing… Read More
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