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
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
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