A consortium of investors led by IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, and Singaporean investment company Temasek Holdings have agreed to restructure their existing investment in India-based GMR Energy, part of industrial conglomerate GMR Group, by purchasing INR11.4 billion (approximately US$183.2 million) in… Read More
In keeping with our monitoring of issues in both emerging markets and the developed markets that so often shape reforms elsewhere, this tenth issue of the EMPEA Legal and Regulatory Bulletin looks at developments impacting investors in South Asia, the Middle East, China and Europe. Orrick, Herrington & Sutcliffe’s John… Read More
The Indian economy has been famously dubbed the elephant economy. Lately, the fabled elephant has unfortunately been bogged down by shackles. Criticism from the investor community suggests that India’s legal and regulatory systems have not kept pace with business and the requirements of an increasingly globalized economy. In response, the… Read More
Olympus Capital Asia Credit, the credit arm of private equity firm Olympus Capital Asia, and investment management firm Kilimanjaro Advisors, structured through Kilimanjaro Credit Fund, have agreed to provide structured debt financing to India-based Atria Convergence Technologies (ACT), a provider of information, communications and entertainment through internet protocol, broadband,… Read More
Although China remains an attractive destination for private equity investors, it has gained a reputation as a market where contracts are often treated more like vague notions than bona fide agreements. Kroll commissioned the Economist Intelligence Unit to carry out the Annual Global Fraud Survey, which found that fraud continues… Read More
Investment fund manager Triodos Investment Management, a subsidiary of Triodos Bank, has divested a six percent equity stake in Cambodia-based commercial bank ACLEDA Bank, which finances micro-, small- and medium-sized businesses. Structured through three separate funds managed by Triodos, the stake was sold to Japan-based financial services group ORIX… Read More
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
(default archive template)