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
India-based gaming company Octro has received a US$15 million Series A financing round from venture capital firm Sequoia Capital. Octro, which takes existing games and makes them available on a mobile platform, has a portfolio that includes games such as Rummy and Tambola. Read More
Technology-focused venture capital firm IDG Capital Partners has reached a final close on IDG China Venture Capital Fund IV with US$586 million in capital commitments. The fund, which was oversubscribed, will make investments in the early-stage technology, media and telecom (TMT) sector. Investors included existing limited partners as well… Read More
Papua New Guinea-based mining company Marengo Mining has signed a loan conversion and debenture purchase agreement with existing investor Sentient Group, a global natural resources fund manager. The transaction will be structured through Sentient Global Resources Fund IV. Post-transaction, Sentient’s holding will increase from a 22 percent stake to… Read More
Shoreline Capital Management, a credit investor focused on China, has reached a first close on its latest distressed debt fund, Shoreline China Value III, with US$150 million in capital commitments. The fund has a target of US$500 million, and a final close is anticipated later this year. Shoreline’s predecessor… Read More
Venture capital firm Sequoia Capital has reached a final close on its fourth India-focused fund with US$530 million in capital commitments. The fund will focus on early stage companies, and will deploy capital in India as well as in Southeast Asia. Nearly 98 percent of the capital raised came… Read More
Hong Kong-based provider of app store analytics App Annie has raised a US$17 million financing round from existing investors venture capital firms IDG Capital Partners, Greycroft Partners and Sequoia Capital. The financing will be used in part to fund App Annie’s recent acquisition of United States-based Distimo, a mobile… Read More
China-focused private equity firm Hony Capital has partially exited its investment in China-based generic drugs manufacturer CSPC Pharmaceutical Group. Hony’s affiliate Joyful Horizon sold 600 million shares in CSPC to third parties and 105.9 million shares to an entity owned by the company’s chairman at HKD6.25 (approximately US$0.81) a… Read More
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