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
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
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