Asia-focused private equity firm Navis Capital Partners has reached a first close on its seventh Asia fund with US$860 million in capital commitments. The new vehicle, which has a target size of US$1.3 billion and a hard cap of US$1.5 billion, will focus on mid-market buyouts in Southeast Asia. Read More
Special situations investor AION Capital Partners, a joint venture between private equity firms Apollo Global Management and ICICI Venture, has invested around US$150 million in Avantha Holdings, the holding company of India-based Avantha Group, a business conglomerate with diverse interests ranging from pulp and paper to power transmission to… Read More
Global fund management group Small Enterprise Assistance Funds (SEAF) has invested in India-based Madhya Bharat Phosphate, a company engaged in manufacturing single super phosphate, a cheaper soil nutrient. The transaction was structured through SEAF India Agribusiness Fund. Madhya Bharat Phosphate intends to use the capital raised for expanding its… Read More
Asia-focused private equity firm RRJ Capital has purchased a 7.9 percent stake in Hong Kong-listed China Everbright International, a subsidiary of the conglomerate China Everbright Holdings, for HKD2.7 billion (approximately US$349.8 million). RRJ Capital, structured through RRJ Capital Master Fund II, subscribed to 318 million shares, which accounted for… Read More
China-based financial institution China Cinda Asset Management, backed by private equity firms such as CITIC Capital and Oaktree Capital, has raised HKD19 billion (approximately US$2.5 billion) by selling 5.3 billion shares, priced at HKD3.58 apiece, in the biggest initial public offering (IPO) of the year on the Hong Kong… Read More
India-based online lingerie retailer Zivame has received US$6 million in a Series B funding round led by Unilazer Ventures, an investment group promoted by UTV founder and entrepreneur Ronnie Screwvala. Existing investors, venture capital firms IDG Ventures and Kalaari Capital, which had invested US$3 million in Zivame earlier this… Read More
Pan-emerging markets private equity firm Actis has closed its third energy fund, Actis Energy 3, with US$1.15 billion in capital commitments. The fund was oversubscribed, exceeding its original target of US$750 million. Investors in the fund include public pension funds, sovereign wealth funds and families from the United States,… Read More
Southeast Asia-focused private equity firm KV Asia Capital has reached an agreement with India-based skin care company Marico Kaya Enterprises to acquire 100 percent of Marico’s subsidiary Singapore-based Derma-Rx International Aesthetics (DIAL). DIAL sells a line of skincare products under the brand Derma-Rx for conditions such as pigmentation disorders,… Read More
ICICI Venture, the alternative asset management arm of ICICI Bank, has acquired a significant stake in India-based supplier of ATM and point of sales (POS) deployment and managed services BTI Payments for INR1.4 billion (approximately US$22.4 million). The company intends to use the capital injection to enter the White… Read More
Venture capital firm IvyCap Ventures has led an INR310 million (approximately US$5 million) financing round for India-based information risk management service provider Aujas Networks. Existing investor IDG Ventures India, a technology-focused venture capital firm, and new investor Rajasthan Venture Capital Fund (RVCF), a venture capital fund manager, also participated… Read More
(default archive template)