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
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
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