ChrysCapital, an investment firm that focuses on growth sectors in India, has sold more than a two percent stake in India-listed technology company HCL Technologies for INR15 billion (approximately US$244 million) to INR18 billion (approximately US$293 million). ChrysCapital, whose remaining stake is valued at nearly INR17 billion (approximately US$277… Read More
TPG Growth, the middle market and growth equity platform of global private investment firm TPG, has sold around a quarter of its stake in India-based clean energy producer Greenko Group, which is listed on London’s Alternative Investment Market (AIM). Over the last six months, TPG Growth sold a little… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) and Asia-focused private equity firm Affinity Equity Partners have entered into an agreement with brewing company Anheuser-Busch InBev (AB InBev) whereby AB InBev will reacquire Oriental Brewery, a South Korea-based brewery, from KKR and Affinity for US$5.8 billion. This agreement… Read More
Private equity firm Aureos Capital has agreed to sell its 21.3 percent interest in Philippines-listed restaurant chain Pancake House to restaurant conglomerate Max’s Group of Companies. The transaction will be structured through Aureos Southeast Asia Fund and Aureos Malaysia Fund. Max’s Group will also acquire a 55.4 percent stake… Read More
Vertex Venture Holdings, the venture investment arm of Singapore’s sovereign wealth fund Temasek, and venture capital firms IDG Ventures and SAIF Partners have participated in a US$15 million Series C funding round for India-based BrainBees Solutions, which operates baby and kids online retailer Firstcry.com. Vertex Venture led the round,… Read More
Private equity and investment advisory firm CVC Capital Partners has agreed to invest over US$200 million in China-based education company EIC Group. CVC Capital will purchase shares from pan-emerging markets private equity firm Actis and from EIC Group’s founder. Actis originally acquired a minority stake in EIC Group in… Read More
Venture capital and private equity firm Trustbridge Partners has led a US$130 million Series A financing round for China-based online peer-to-peer lending platform Renrendai.com. Trustbridge committed a reported US$65 million to the transaction. Renrendai.com intends to use the capital injection to improve internal operations, product services and the firm’s… Read More
India-focused private equity firm Ascent Capital and venture capital firm IDG Ventures have acquired a minority stake in India-based document imaging solutions provider Newgen Software Technologies for INR800 million (approximately US$12.9 million). The transaction was structured through Ascent India Fund III and IDG Ventures India Fund II. Of the… Read More
French dairy firm Groupe Lactalis has acquired a 100 percent stake in India-based dairy company Tirumala Milk Products for a reported US$250 million to US$300 million, allowing global alternative asset manager The Carlyle Group to exit its 26.4 percent stake in the company. The Carlyle Group originally invested US$22… Read More
South Korea-focused private equity firm IMM Private Equity has acquired a 21 percent stake in T-Broad Holdings, a South Korea-based cable operator, for KRW200 billion (approximately US$187 million). The transaction, which was structured through IIM’s second fund, RoseGold II, was made in two tranches: KRW100 billion (approximately US$93.5 million)… Read More
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