China-focused private equity firm Vision Knight Capital has closed Vision Knight Capital China Fund II at its hard cap with US$550 million in capital commitments. The fund, which will make investments in China’s retail, consumer internet and e-commerce sectors, received commitments from a mix of global institutional investors, including… Read More
China-focused private equity firms CMC Capital Partners and FountainVest Partners have agreed to invest US$80 million for a 20 percent equity stake in IMAX China, a subsidiary of U.S.-based entertainment technology company IMAX. CMC and FountainVest’s investment will be made in two equal installments, with the second installment expected… Read More
BVCF, a China-based life sciences-focused private equity firm formerly known as BioVeda China, has held a final close for its third fund, BVCF III, with US$200 million in capital commitments. Investors in the fund include development finance institutions, funds of funds, foundations, family offices and life sciences-focused corporations. BVCF… Read More
Yichen Zhang is the Chairman and Chief Executive Officer of CITIC Capital, an alternative investment management and advisory company with over US$4.5 billion of assets under management across private equity, venture capital and real estate. Yichen Zhang reflects on the history of private equity in China and shares his perspectives… Read More
Integrated telecommunications company Telekom Malaysia has agreed to acquire a 57 percent equity stake in Malaysia-based wireless broadband services provider Packet One Networks (P1) for MYR350 million (approximately US$107 million). The acquisition will facilitate the exit of Southeast Asia-focused mezzanine fund manager Kendall Court, which led a US$51 million… Read More
China- and Taiwan-focused investment firm Zoyi Capital has completed a US$20 million investment in NYSE-listed Camelot Information Systems, a provider of enterprise application services and financial industry technology services in China. Camelot intends to use the proceeds to fund part of the company’s planned take-private deal, as well as… Read More
Emerging markets-focused private equity firm Wolfensohn Capital Partners has partially exited its investment in India-listed housing finance company Repco Home Finance, selling over half of its shares for INR1.12 billion (approximately US$18.8 million). Wolfensohn originally acquired a 13.3 percent stake in Repco before the company’s public offering in March… Read More
LeapFrog Investments, an investor in financial services for emerging consumers in Africa and Asia, will invest US$29 million in India-based non-banking financial services company IFMR Capital. The transaction was structured through LeapFrog’s Fund II. IFMR Capital provides credit, insurance and other financial services to more than 6.6 million active… Read More
A consortium led by global investment and advisory firm The Blackstone Group has completed a take-private of China-based technology outsourcing provider Pactera Technology International, valuing the previously NASDAQ-listed company at approximately US$625 million. Company management and existing investor venture capital firm GGV Capital rolled over their shares into the… Read More
China-based commercial lender to small businesses Harbin Bank has raised US$1.1 billion from its initial public offering (IPO) on the Hong Kong Stock Exchange, selling 3.02 billion shares at HKD2.90 (approximately US$0.37) each. Harbin Bank secured pledges from seven cornerstone investors to buy 46 percent of the IPO. Investors… Read More
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