Motilal Oswal Private Equity, a subsidiary of Indian financial services company Motilal Oswal Financial Services, has increased its stake in India-based non-banking financial institution Intec Capital to over 32 percent after completing an open offer and fresh allotment of equity shares. In March 2013, Motilal Oswal, structured through its… Read More
China-focused private equity firm ClearVue Partners has closed its first fund, ClearVue Partners Fund I, with US$262 million in capital commitments, exceeding its original target of US$200 million. The fund will invest in early-growth consumer companies in the food and beverage, lifestyle, internet and mobile sectors. Investors include institutions,… Read More
Global venture capital firm Mayfield has reached a final close on its second India-dedicated venture capital fund, Mayfield India II, with US$108 million in capital commitments. Mayfield follows an early-stage venture capital strategy, and plans to invest between US$2 million and US$8 million in companies targeting the infrastructure sector,… Read More
China-focused private equity investment firm Hopu Investment Management has agreed to take part in a consortium investment of US$2.5 billion in Singapore-listed Global Logistic Properties (GLP), a warehouse operator with interests in China, Japan and Brazil. The consortium, which includes Bank of China's investment unit among other unnamed investors,… Read More
Mid-market growth investor Kotak Private Equity Group has acquired a minority stake in India-based offshore logistics support services company Samson Maritime for around INR1.5 billion (approximately US$24.2 million). The deal provided an exit to existing shareholders development finance institution International Finance Company (IFC) and JM Financial Investment Managers, a… Read More
Venture capital firm Sequoia Capital has led a US$50 million financing round in China-based second-hand vehicle e-commerce platform Cheyipai. Venture capital firms Morningside Ventures, Matrix Partners and CITIC Capital, which each took part in the previous two rounds of financing, also participated in the new round. Cheyipai intends to… Read More
Lei Jun, a Chinese angel investor and co-founder of smart phone maker Xiaomi, had led a US$100 million financing round for China-based online clothing retailer Vancl. Existing investors Singapore investment company Temasek Holdings and venture capital firms IDG Capital Partners, Ceyuan Ventures and SAIF Partners also participated. Vancl previously… Read More
CDH Venture, a venture capital team under the umbrella of alternative asset fund manager CDH Investments, has led a new funding round for China-based backpacker travel service Lailaihui alongside existing investor Unity Ventures, a China-focused venture capital firm. The transaction was reported to be around US$1 million. Lailaihui intends… Read More
Alternative asset fund manager CDH Investments has closed its fifth private equity fund, CDH China Fund V, with US$2.6 billion in capital commitments. The vehicle, which was originally targeting US$2 billion with a US$2.5 billion hard cap, was oversubscribed. Investors in the fund include pension funds, endowments and sovereign… Read More
Global alternative asset manager The Carlyle Group has sold its majority stake in India-based network security appliances company Cyberoam Technologies to global provider of IT security solutions Sophos. The transaction was structured through Carlyle’s affiliate First Carlyle Ventures Mauritius, which had acquired a majority stake in IT products and… Read More
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