Global growth markets investor The Abraaj Group has sold a ten percent stake in Sri Lanka-based private tertiary care hospital Central Hospital to Asiri Hospital Holdings, both of which are owned by Asiri Group of Hospitals. The transaction was structured through The Abraaj Group’s Aureos South Asia Fund. Asiri… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has signed a deal to invest US$100 million in India-based Avantha Group, a business conglomerate with diverse interests ranging from pulp and paper to power transmission to food processing. KKR will subscribe to five-year callable securities issued by Avantha Holdings,… Read More
Aavishkaar Venture Management, a venture capital firm focused on India’s rural areas, has invested around INR252 million (approximately US$4 million) in three India-based companies. The firm invested INR150 million (approximately US$2.4 million) in dairy company HR Food Processing and INR40 million (approximately US$600,000) in education provider Nalanda Learning Systems. Read More
India Value Fund Advisors, a firm focused on investing in mid-sized businesses, and former Godrej Consumer Goods’ executive Arumugham Mahendran have joined together to buy India-based pesticide services company ISS Hicare. The transaction size is reportedly around INR1.5 billion (approximately US$24 million). ISS Hicare operates 52 branches in 27… Read More
Tata Capital, the private equity arm of the Indian conglomerate Tata Group, will purchase a significant minority stake in India-based auto component manufacturer Varroc Group for US$60 million. The transaction will be structured through Tata Opportunities Fund. Varroc intends to use the capital injection to build new products and… Read More
Asia-focused private equity firm Navis Capital Partners has acquired a controlling interest in Hong Kong-based Amazon Papyrus Chemicals Group, a manufacturer that supplies chemical product formulations and technical support to paper companies. The investment will fund the company’s regional expansion plans and efforts to streamline operations. Financial details of… Read More
China-focused venture capital firm Banyan Capital has held a final close on its first venture capital fund, Banyan Partners Fund I, with US$206 million in capital commitments. More than 40 investors committed to the fund, including entrepreneurs, family offices, fund of funds, foundations and other institutional investors from China… Read More
Aavishkaar Venture Management, a venture capital firm focused on India’s rural areas, has invested in India-based organic textiles manufacturer CAOS Apparels. The transaction was structured through Aaviskhaar’s second fund. The company plans to use the funds to expand its manufacturing capacity. Financial details of the transaction were not disclosed. Read More
Hobsons, an education subsidiary of the Daily Mail and General Trust, has led a US$9 million Series B financing round in India-based learning management and test preparation provider iProf Learning Solutions. Existing investors, venture capital firms IDG Ventures India and Norwest Venture Partners, also participated in the round. In… Read More
Global alternative asset manager The Carlyle Group has raised around US$285 million after selling part of its stake in Hong Kong-listed appliance maker Haier Electronics Group. Carlyle sold 100 million shares, by way of a block trade, at HKD22.10 (approximately US$2.85) a piece. In August 2011, Carlyle, structured through… Read More
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