Asia-focused alternative investment fund manager PAG will raise approximately HKD1.7 billion (approximately US$219 million) through the sale of 130.7 million shares in China-based financial services conglomerate Haitong Securities. PAG acquired 219.7 million shares in Haitong for US$300 million in the company’s April 2012 IPO and sold 89 million shares… Read More
Indian e-commerce platform Flipkart has raised US$1 billion in a new funding round co-led by existing investors alternative investment firm Tiger Global and global internet services company Naspers. Singapore’s sovereign wealth fund GIC, Accel Partners, DST Global, ICONIQ Capital, Morgan Stanley Investment Management and Sofina also participated in the… Read More
Private equity investment group Apax Partners will invest INR5 billion (approximately US$83 million) in Cholamandalam Investment & Finance Company (CIFCL), the financial services arm of India-based conglomerate Murugappa Group. Apax will subscribe to 50 million compulsorily convertible preference shares, which hold a face value of INR100 (approximately US$1.67) per… Read More
Alternative investment firm Bain Capital has sold one-third of its stake in India-listed motorcycle and scooter manufacturer Hero MotoCorp for about US$250 million. The shares were sold on 13 June 2014 to investors in the United States, Europe and Asia at an average price of INR2,627 (approximately US$44) per… Read More
China-based online shopping platform and social network Mogujie has raised US$200 million in a Series D financing round led by private equity firms Hopu Investment Management and Trustbridge Partners. Existing investors venture capital firms Qiming Venture Partners and IDG Capital Partners also participated in the round, which valued the… Read More
Private equity firms The Carlyle Group, Signet Healthcare and OrbiMed have partially exited their investment in India-based pharmaceutical company Claris Lifesciences by participating in the company’s buyback offer. Claris Lifesciences offered a buyback issue worth INR2.3 billion (approximately US$39 million) in March 2014. The buyback was offered at a… Read More
Private equity firms Yunfeng Capital and CITIC Private Equity have agreed to invest at least RMB2 billion (approximately US$325 million) in an unlisted farming subsidiary of Shanghai-listed dairy producer Inner Mongolia Yili Industrial Group. Post-transaction, the two private equity investors will together hold a 60 percent stake in Yili… Read More
A take-private bid supported by Asia Pacific private equity investor Morgan Stanley Private Equity Asia (MSPEA) to delist China-based agricultural nutrient company Yongye International from the NASDAQ Stock Market has received shareholder approval. The investing consortium, which is led by Yongye's chairman and CEO Zishen Wu and includes MSPEA,… Read More
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$10.5 million in China-based Qinghai Weide Special Sugar, a producer of inulin and fructooligosaccharide, two prebiotics and dietary fiber products that are used in baby formula, drinks, food, animal feed, cosmetics and personal care products. CNEI’s investment… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has invested a reported US$200 million in Afriflora, a rose grower and distributor with a main growing facility in Ethiopia. The transaction was structured through KKR’s European fund. Afriflora grows about 730 million flowers a year for export to Europe. Read More
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