Creador, a private equity firm focused on growth investments in Indonesia, Malaysia, Singapore and India, has reached a final close on its second fund, Creador II, with US$300 million in capital commitments, hitting the fund’s hard cap. Investors included fund of funds Siguler Guff & Company, a Malaysian pension fund… Read More
L Capital Asia, the private equity fund sponsored by global luxury goods distributor LVMH Group, Groupe Arnault and YTL, will invest up to US$80 million in South Korea-based talent agency YG Entertainment. L Capital Asia will invest KRW61 billion (approximately US$60 million) in new preferred shares of YG and is… Read More
China-focused private equity firm Hony Capital has acquired a 20 percent stake in China-based farm machinery manufacturer Chery Heavy Industry for RMB696 million (approximately US$113 million). The investment is part of a US$340 million joint acquisition with Hony's portfolio company Zoomlion Heavy Industry Science and Technology, a China-based construction equipment… Read More
According to EMPEA’s 1H 2014 industry statistics released last week, private equity (“PE”) fundraising and investment activity for emerging markets (“EM”) were off to a strong start in the first half of 2014. Fund managers raised US$20 billion and invested US$14 billion in 1H 2014, corresponding to a 48% and… Read More
Global private equity firm Warburg Pincus and China-based industrial gas producer Shanghai Baosteel Gases have reached an agreement to acquire the industrial gas assets of China-based chemical producer Henan Jinkai Chemical Investment Holding Group for RMB3 billion (approximately US$488 million). This transaction comes under the umbrella of a newly formed… Read More
CITIC Capital Partners, the private equity arm of alternative investment management and advisory firm CITIC Capital Holdings, has purchased a controlling stake in China-based mattress retailer King Koil Shanghai Sleep System. The transaction was structured through CITIC Capital China Partners II. The company intends to use the investment to strengthen… Read More
CDH Venture, a venture capital team under the umbrella of alternative asset fund manager CDH Investments, and Fosun Venture Capital Investment, Fosun Group’s venture capital arm, have invested RMB100 million (approximately US$16 million) in a Series B financing round for China-based online travel service provider Lailaihui. CDH previously participated in… Read More
Private equity firm Samara Capital has acquired a 45 percent stake in Iron Mountain India, a provider of storage and information management services, from its New York Stock Exchange-listed parent Iron Mountain. Iron Mountain’s India business started in 2006 through a joint operation with India-based information storage companies Mody Access… Read More
Global private investment firm TPG has entered into an agreement to invest approximately US$117 million in Sri Lanka-based commercial bank Union Bank of Colombo (UBC) through a combination of primary and secondary shares. TPG will acquire up to 70 percent of UBC’s issued share capital, as well as warrants that… Read More
Venture capital firm IDG Ventures India has invested around INR60 million (approximately US$1 million) in India-based online apparel retailer eShakti as part of a multi-stage transaction. The latest tranche, which took place over the last few months, brought IDG Ventures India’s total investment in the company to around US$5 million. Read More
(default archive template)