Private equity firms Sequoia Capital China and Yunfeng Capital and China-based media company SINA Corporation have agreed to establish a joint venture with New York Stock Exchange-listed E-House Holdings, a China-based real estate services company, to launch a real estate-oriented financial services platform. The joint venture will leverage E-House's… Read More
Frontier markets-focused private equity investor TLG Capital has exited its investment in Cambodia-based luxury riverboat cruise business Compagnie Fluviale du Mekong (CFM) in a trade sale to CroisiEurope, a European tour operator. TLG Capital originally invested in the company in 2010. Financial details of the transaction were not disclosed. Read More
Private equity and investment advisory firm CVC Capital Partners has raised IDR2.5 trillion (approximately US$215 million) by reducing its stake in Indonesia-based retailer Matahari Department Store. CVC-owned Asia Color Company sold 190 million shares in Matahari, a 6.5 percent stake, at IDR13,100 (approximately US$1.13) per share. CVC, which originally… Read More
India-based non-banking financial company Capital First has approved a capital increase of INR1.8 billion (approximately US$29 million) via a preferential allotment of shares to existing investors Warburg Pincus, a global private equity firm, and HDFC Standard Life Insurance, an India-based life insurance company. Warburg Pincus will subscribe to 8.3… Read More
Global alternative asset manager The Carlyle Group has agreed to acquire a 100 percent stake in South Korea-based Tyco Fire & Security Services Korea and its subsidiaries (ADT Caps, Capstec and ADT Security), which form and operate the company’s Korean security business, ADT Korea, from Tyco, a global fire… Read More
China-focused private equity firm Themes Investment Partners has completed the sale of China-based Standard Water, a developer of sewage and wastewater treatment systems with 36 plants around China, to Hong Kong-listed water systems provider Beijing Enterprise Water Group (BEWG) for about US$218 million. Themes, which owned close to a… Read More
Venture capital firm Qiming Venture Partners has led a US$15 million Series A funding round for China-based Hangzhou Wacai Science, a mobile app developer for personal finance management. Existing shareholders venture capital firms IDG Venture Partners and CDH Investments also participated in the round. The company intends to use… Read More
India-based Jasper Infotech, which runs the online marketplace Snapdeal.com, has raised a US$133.8 million financing round led by existing investor global commerce and payments company eBay. Venture capital firms Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners and Saama Capital, as well as Intel Corporation’s venture capital arm Intel… Read More
Tom Barry is the CEO and Founder of Zephyr Management, a global emerging markets investment manager that specializes in the creation and management of private equity and marketable securities funds. Tom discusses the rationale behind his firm’s investment strategy and candidly shares his views on what he sees as the… Read More
Asia-focused private equity firm Baring Private Equity Asia (BPEA) has sold its 41.7 percent stake in Indonesia-based airfreight and passenger services provider Cardig Aero Services (CAS) to Singapore Airport Terminal Services, a ground handling and in-flight catering service provider at Singapore Changi Airport, for IDR1.1 trillion (approximately US$93.5 million). Read More
(default archive template)