Healthcare-focused investment firm OrbiMed Advisors has closed OrbiMed Asia Parters II with US$325 million in capital commitments, surpassing its original US$300 million target. The fund intends to invest in drug developers, diagnostics firms and medical device manufacturers in Asia. Read More
Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has exited India-based marine operation and construction company Dolphin Offshore Enterprises India by selling its entire 6.54 percent stake through open market transactions on the Bombay Stock Exchange and the National Stock Exchange of India. The… Read More
Emerging markets financial services investor LeapFrog Investments has closed its second fund with US$400 million in capital commitments. Investors in the final close, which was oversubscribed, included AIG, Alliance Trust, AXA, HESTA, RGA Reinsurance and Zurich Insurance Group. The new fund will make equity investments of US$10 million to US$50… Read More
Tata Capital, the private equity arm of the Indian conglomerate Tata Group, has received approval from the Competition Commission of India to acquire a 17 percent stake in India-based lubricating grease manufacturer Standard Greases & Specialties. The transaction will be structured through Tata Capital Growth I and Alpha TC Holdings,… Read More
Global alternative asset manager The Carlyle Group has reached a final close on Carlyle Asia Partners IV (CAP IV) with US$3.9 billion in capital commitments, exceeding its target of US$3.5 billion. CAP IV intends to make control and significant minority investments in companies across the Asia ex-Japan region. CAP IV… Read More
India-focused private equity firm Multiples Alternate Asset Management has led a US$35 million Series C financing round for Delhivery, an e-commerce logistics company based in India. Existing investors Nexus Venture Partners and Times Internet, the internet subsidiary of The Times of India Group, also participated. Delhivery intends to use the… Read More
CDH Venture, a venture capital team under the umbrella of China-focused alternative asset fund manager CDH Investments, has closed its third venture capital fund with more than US$100 million in capital commitments. The fund intends to target businesses that are moving from the offline to online space, as well as… Read More
India-based online recruitment company myNoticePeriod.com has raised more than INR20 million (approximately US$330,000) in a seed stage financing round led by venture capital firm IDG Ventures India. Individual angel investors also participated in the round. The company intends to use the capital to strengthen its team, increase revenues and invest… Read More
Southeast Asia-focused private equity firm Navis Capital Partners has acquired an equity stake in Singapore-based manufacturer of corrosion-resistant clad pipes Cladtek Holdings. The company, which provides anti-corrosion technology used in oil and gas pipelines, intends to expand into both new and existing markets. Financial details of the transaction were not… Read More
Global investment firm KKR has sold its remaining stake in China-based milk producer China Modern Dairy Holdings for approximately US$80 million. KKR and private equity firm CDH Investments previously made partial exits when Modern Dairy went public in Hong Kong in 2010, raising HKD3.5 billion (approximately US$451 million). In 2013,… Read More
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