India-based online classifieds business Quikr has secured a US$60 million financing round led by new investor Tiger Global Management. Existing investors Warburg Pincus, Kinnevik, Matrix Partners India, Norwest Venture Partners, Nokia Growth Partners, Omidyar Network and eBay also participated in the round. Quikr intends to use the funding for product… Read More
Global investment firm KKR has signed a term sheet to provide INR10 billion (approximately US$164.2 million) of structured long-term financing, with co-investors, to India-based GMR Holdings, the holding company for infrastructure business group GMR Infrastructure (GIL). GMR Holdings will then infuse funds in GIL in order to strengthen its balance sheet,… Read More
Vietnam-focused private equity firm Mekong Capital has divested its stake in Vietnam-based restaurant chain operator Golden Gate. Mekong Capital originally invested US$1.5 million in Golden Gate via a convertible bond in April 2008. The investment was structured through Mekong Enterprise Fund II. Mekong Capital's exit resulted in a reported net… Read More
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
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