SAIF Partners and Aditya Birla Private Equity Invest in Manpasand Beverages (Asia)

Private equity firms SAIF Partners and Aditya Birla Private Equity have invested just over INR700 million (approximately US$11.6 million) in a financing round for India-based juice manufacturing and marketing company Manpasand Beverages. The transaction valued the company at INR10 billion (approximately US$165 million). Post-investment, SAIF Partners and Aditya Birla Private… Read More

India’s New Corporate Law: Challenges in Structuring Private Equity Investments

India’s corporate laws and exchange control regulations have been notoriously cumbersome in two areas critical to private equity and venture capital investments in Indian companies: capital structuring and distribution of profits. In April of this year, India’s Ministry of Corporate Affairs published rules (the “Rules”) to implement the Companies Act… Read More

Orchid Asia Closes Fund VI with US$920 Million in Commitments (Asia)

Asia-focused investment group Orchid Asia has reached a first and final close on its sixth China-focused growth capital fund, Orchid Asia VI, with US$920 million in capital commitments, hitting the fund’s hard cap. Fund VI, which was originally targeting US$750 million, was oversubscribed with reported interest of more than US$1.3… Read More

Creador’s Second Fund Reaches a US$300 Million Final Close (Asia)

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 to Invest up to US$80 Million in YG Entertainment (Asia)

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

Hony Capital Buys a 20 Percent Stake in Chery Heavy Industry (Asia)

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

Data Highlights from EMPEA’s 1H 2014 Industry Statistics

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

CITIC Capital Partners Acquires King Koil Shanghai Sleep System (Asia)

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



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