Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has reached an agreement with India-based pharmaceutical developer and manufacturer Gland Pharma to acquire a minority stake in the company for approximately US$200 million. The transaction will be structured through the KKR Asian II Fund, and includes KKR’s acquisition of… Read More
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, has sold a six percent stake in India-based Ashoka Buildcon, which constructs and operates roads and bridges on a build, operate and transfer basis, for INR513 million (approximately US$8.2 million). The transaction was structured through IDFC Infrastructure… Read More
Global private equity firm Warburg Pincus has partially exited India-based auto components manufacturer Amtek Auto, selling a 1.1 percent stake over two days on the Bombay Stock Exchange for around INR170 million (approximately US$2.7 million). With this sale, Warburg’s stake fell from 7.4 percent to 6.3 percent, worth around… Read More
Hong Kong-based software development company Kingsoft Office Software has raised US$50 million in new funding from venture capital firms Morningside Group, GGV Capital and Shunwei Capital Partners, structured through Shunwei China Internet Fund. The company, which makes an office suite that competes with Microsoft Office, intends to use the… Read More
Private equity firm Phillip Private Equity has led a US$3 million Series B financing round for Singapore-based fashion social network Clozette. Existing stakeholders, including venture capital firm Walden International and angel investors, also participated in the round. The company intends to use the new funds to recruit talent, accelerate… Read More
China-based sports lottery provider 500.com, backed by venture capital firm Sequoia Capital China and private equity fund Vision Knight Capital, has debuted on the New York Stock Exchange (NYSE). The company closed at US$20 on its first trading day, rising nearly 54 percent from its offer price of US$13. Read More
China-focused private equity investment firm Hopu Investment Management has reportedly reached a first close on its second fund, Hopu Master Fund II, with US$1.1 billion in capital commitments. Investors include Singapore sovereign wealth fund Temasek Holdings and global investment bank Goldman Sachs Group, which both committed to Hopu’s first… Read More
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, and U.K. development finance institution CDC Group will participate in a US$125 million financing round for India-based renewable power producer Green Infra. CDC Group will invest up to US$25 million, while IDFC will contribute INR1.5 billion (approximately… Read More
Thomas C. Franco, Partner with Clayton, Dubilier & Rice (CD&R), shares his thoughts on the current state of thinking about private equity amongst limited partners (LPs), as well as the mechanics of driving operational value creation in portfolio companies. Founded in 1978, private equity investment firm CD&R has built a… Read More
Venture capital firm Matrix Partners India has acquired a significant minority stake in India-based Olacabs, an aggregator of car rental and point-to-point cab service operators. Matrix, along with existing investor hedge and private equity firm Tiger Global Management, co-invested in Olacabs’ second institutional round of equity funding, reportedly worth… Read More
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