Venture capital firm Lok Capital has partially exited its investment in India-based rural business process outsourcing firm RuralShores Business Services by selling its stake to an unnamed buyer. The transaction was structured through Lok Capital Fund I. Lok Capital made a reported 6x return in INR on the investment,… Read More
Key findings from the 2014 Global Limited Partners Survey include: 41% of LPs* plan to increase the percentage of their total PE allocation targeted at emerging markets over the next two years, higher than the 32% reporting similar intentions in the 2013 survey. 54% of LPs* expect to increase the dollar value… Read More
Internet-based e-commerce business Alibaba Group and private equity firm Yunfeng Capital will invest US$1.2 billion in New York Stock Exchange-listed and China-based internet television company Youku Tudou through a joint venture vehicle. Post-transaction, Alibaba and Yunfeng will hold a 16.5 percent stake and a two percent stake, respectively, in… Read More
China- and Taiwan-focused investment firm Zoyi Capital has invested in Taiwan-based Vigor Kobo, a souvenir shop and pineapple cake bakery. The company has identified further growth potential via a cross‐border souvenir business model catering to tourist locations in China and intends to work with Zoyi to expand Vigor Kobo’s… Read More
South Korea Lowers Barriers for Retail Investors Source: Yonhap News Agency, AVCJ, Kim & Chang Legal Newsletter South Korea’s Financial Supervisory Commission will allow domestic retail investors to indirectly invest in private equity, thereby broadening access to the asset class for investors and growing the pool of capital available… Read More
Private equity and investment advisory firm CVC Capital Partners has completed an investment in China-based restaurant chain South Beauty Investment Company. After obtaining approval from relevant regulatory authorities, CVC is now the major shareholder of the company. CVC’s investment will help South Beauty drive greater economies of scale and… Read More
Vietnam-focused private equity firm Mekong Capital, structured through Mekong Enterprise Fund II, has sold 5.6 million shares of Vietnam-based mobile device retailer MobileWorld Investment Corporation (Mobile World) at VND85,000 (approximately US$4) per share, equivalent to nine percent of the company’s issued shares, in a pre-listing share placement for a… Read More
Pan-emerging markets private equity firm Actis has established Credit Services Holdings (CSH), a buy-and-build credit services business, and plans to invest US$100 million in the platform. CSH’s first investment will be acquiring 100 percent of South Africa-based credit bureau Compuscan. The investment will take place alongside the Compuscan management… Read More
Alternative investment management and advisory firm CITIC Capital and international shopping center manager Sonae Sierra have launched a joint venture to provide property management and leasing services to shopping centers in China. Headquartered in Shanghai, the joint venture will focus on enhancing the experience at shopping centers. Financial details… Read More
Venture capital firm Matrix Partners has closed its latest China-focused fund, Matrix Partners China III, with US$350 million in capital commitments. The firm targets companies in the technology, media, and telecommunications and healthcare sectors. Read More
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