Life sciences-focused private equity and growth capital investor BVCF has led an RMB45 million (approximately US$7.4 million) Series A financing round for China-based Kunshan RiboQuark Pharmaceutical Technology, a clinical stage pharmaceutical joint venture between pharmaceutical developer Quark Pharmaceuticals and research and development company Ribo Life Science. SBI Incubation—a subsidiary… Read More
Asian Healthcare Fund, a private equity fund focused on India’s healthcare and life sciences sector, has led an INR500 million (approximately US$8 million) Series B funding round in India-based medical device manufacturer Forus Health. Two existing investors, venture capital firms Accel Partners and IDG Ventures India, also participated in… Read More
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested an additional US$16.3 million in China-based leasing company Juxin International Leasing, increasing its stake to 19.1 percent. CNEI originally led a US$20 million Series B investment round for a 12.1 percent stake in the company in December… Read More
Global asset management company Black River Asset Management has increased its stake in Philippines-listed food processing and export company AgriNurture (ANI) from 28.1 percent to 30.9 percent with the acquisition of 15 million shares from Antonio L. Tiu, president and chairman of ANI. The transaction was structured through the… Read More
Chinese state-owned conglomerate Greenland Holding Group has raised a total of RMB11.7 billion (approximately US$1.9 billion) from five private equity investors by issuing 2.09 billion additional shares. The two largest investors were Shenzhen Ping An Innovation Capital, China Ping An Trust & Investment Company’s principal investment arm, which purchased… Read More
The Global Firms’ Views Koenraad Foulin, Co-Founder and Senior Managing Partner, Capital International Private Equity Funds For Capital Group, 2013 was a year to invest beyond the BRICs. Our 2011 fund, CIPEF VI, completed four new investments—three of which were in emerging markets outside the BRIC countries. We made our… Read More
Global alternative asset manager The Carlyle Group has made a minority investment in India-based hospital and healthcare provider Global Health. The transaction, which was structured through Carlyle Asia Partners III, included the acquisition of an equity stake held by global investment firm Avenue Capital Group. Financial details of the… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) is picking up a 100 percent stake in India-based non-banking finance company (NBFC) Motichand Finance. According to reports, KKR India Asset Investments will acquire over 50 percent in Motichand through a fresh subscription of shares, after which Motichand’s existing shareholder… Read More
Private equity and investment advisory firm CVC Capital Partners has held an initial close for its fourth Asian fund with US$2 billion in capital commitments. The firm expects to finish fundraising in early 2014, with a final target of US$3.5 billion. Read More
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has divested its equity holding in South Korea-based consumer finance company Leadcorp through sales on the KOSDAQ exchange. Darby first invested in Leadcorp in 2007 in the form of senior secured notes and common shares, making follow-on investments… Read More
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