Global growth markets investor The Abraaj Group has acquired a stake in Thailand-based education service provider KPN Academy. The transaction was structured through The Abraaj Group’s Southeast Asia Fund. KPN Academy operates more than 103 centers across Thailand, offering a variety of subjects including music, mathematics, chemistry, physics and… Read More
Global private investment firm TPG has closed its sixth Asia-focused fund, TPG Asia VI, with US$3.3 billion in capital commitments. The fund will target investments in the health care, consumer, retail and financial services sectors, with a regional focus on Australia, India, Southeast Asia and China. Half of the… Read More
55Tuan, a China-based group-buying site that provides users with daily deal offers, has received US$50 million in a financing round from existing investors, including alternative asset fund manager CDH Investments and venture capital firm Zero2IPO Capital. The company previously raised US$200 million from CDH, Zero2IPO, venture capital firm Shanghai… Read More
Private equity and investment advisory firm CVC Capital Partners has agreed to acquire a majority stake in Hong Kong-based serviced office provider The Executive Centre, in partnership with the management team, from Asia-focused private equity firm Headland Capital Partners. Headland will retain a minority ownership in the business. The… Read More
Legend Capital, an independent venture capital unit of China-based conglomerate Legend Holdings, has reached a final close on its sixth USD-denominated fund, LC Fund VI, with US$500 million in capital commitments. Investors included Texas County & District Retirement System, which committed US$30 million to the fund. Read More
Private equity firm Yunfeng Capital has reached a final close on its second fund, Yunfeng Fund II, with around US$1.1 billion in capital commitments. Investors in the fund included sovereign wealth funds and other global institutional investors. The fund will focus on China-based companies in the technology, media and… Read More
Private equity and investment advisory firm CVC Capital Partners has reached a final close on its fourth Asia Pacific-focused fund, CVC Capital Partners Asia Pacific IV, exceeding the fund’s target with US$3.5 billion in capital commitments. The fund aims to invest in businesses benefitting from increased domestic demand in… Read More
Southeast Asia-focused clean energy investor Armstrong Asset Management, in partnership with The Blue Circle, a renewable energy developer operating in the Mekong region (Vietnam, Thailand and Cambodia), has agreed to commit up to US$40 million in equity to fund the construction of wind and solar projects in Southeast Asia. Read More
Global private investment firm TPG Capital and Malaysian sovereign wealth fund Khazanah Nasional have together invested PHP5.8 billion (approximately US$132 million) in Philippines-listed housing developer 8990 Holdings. The two investors subscribed to 892 million shares in a follow-on offering that raised PHP9 billion (approximately US$204 million). They paid PHP6.50… Read More
Venture capital firm GGV Capital has closed its fifth fund with US$620 million in capital commitments. The new fund’s geographic focus will be roughly split between China- and United States-based companies. GGV aims to invest between US$5 million and US$25 million per company. Read More
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