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
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
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