AION Capital Partners, a joint venture between private equity firms Apollo Global Management and ICICI Venture, has reached a final close on its India-focused special situations fund with US$825 million in capital commitments. The close exceeded the fund’s initial US$500 million target. AION completed its first transaction in September… Read More
Srinivas Chidambaram is the Managing Director and Chief Executive Officer of Jacob Ballas Capital India, an India-focused growth capital private equity firm with over US$600 million in assets under management. Srinivas Chidambaram reflects on the maturation of private equity in India and shares his thoughts on how the country’s much-anticipated… Read More
Private equity firm Olympus Capital Asia will lead a US$65 million financing round for India-based hospital chain Aster DM Healthcare. India Value Fund Advisors (IVFA), a firm focused on investing in mid-sized businesses, will also participate in the transaction. Post-investment, IVFA and Olympus Capital Asia’s collective stake in the… Read More
India-focused private equity firm Ascent Capital has invested INR1 billion (approximately US$16.6 million) in Maiyas Beverages and Foods, an India-based vegetarian processed food company. Maiyas intends to use the funding to increase its marketing efforts and strengthen its brand. Read More
What is Emerging Markets Mezzanine Financing? Access to finance is one of the most prevalent challenges facing countless entrepreneurs and business owners across the emerging markets. Local banks have traditionally focused their lending on only a handful of large companies—in part, because they view smaller firms as having insufficient assets… Read More
L Capital Asia, the private equity fund sponsored by global luxury goods distributor LVMH Group, Groupe Arnault and YTL, has agreed to buy more than a 90 percent stake in Singapore-based restaurant group Crystal Jade for a reported US$100 million. Crystal Jade operates food and beverage outlets in 18… Read More
Thailand-based television production and distribution company Wave Entertainment has acquired a 100 percent stake in Efficient English Services (EES) from Asia-focused private equity firm Navis Capital Partners and Thailand’s Government Pension Fund for THB800 million (approximately US$24.8 million). EES holds the license to operate Wall Street English schools in… Read More
EMPEA Global Limited Partners Survey finds 67% of institutional investors view the risk profile of private equity in emerging markets as unchanged 30 April 2014, Washington, D.C. – Two-thirds of limited partners (“LPs”) investing in emerging markets private equity view the risk profile of emerging markets private equity (“EM PE”)… Read More
Asia-focused private equity firm RRJ Capital is investing around US$50 million for a minority stake in China-based credit card manufacturer Jing King Technology Holdings. The company’s chairman and chief executive Lennon Tan will continue to hold a controlling stake. Jing King was previously owned by Southeast Asia-focused private equity… Read More
China-focused private equity firm Harvest Capital has closed its second USD-denominated vehicle, Greater China Motivation Fund Phase I, with US$300 million in capital commitments. The firm has also completed fundraising for an RMB-denominated vehicle, Hexing (Tianjin) Equity Investment Fund, with RMB500 million (approximately US$81 million) in capital commitments. Investors… Read More
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