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
Singapore-based private equity real estate investment firm SC Capital Partners has committed approximately US$25 million to a real estate project in Myanmar. Structured through Real Estate Capital Asia Partners III, SC Capital Partners has signed a 50-year lease on a parcel of land in Yangon to develop a three… Read More
Venture capital firms Canaan Partners and RRE Ventures have led a US$3.3 million funding round in Singapore-based itBit, a digital currency exchange platform. Other investors in the round included seed stage fund Liberty City Ventures and individual angels. itBit, which offers an electronic global currency exchange for trading digital… Read More
China-focused private equity investment firm Hopu Investment Management, Singapore sovereign wealth fund Temasek and three investment holding companies will buy a 13 percent stake in Hong Kong-listed dairy company Yashili International Holdings for a total of HKD1.6 billion (approximately US$213 million). The investors will acquire 471.1 million shares at… Read More
Southeast Asia-focused clean energy investor Armstrong Asset Management has held a final close on its Armstrong South East Asia Clean Energy Fund with US$164 million in capital commitments, exceeding its initial target of US$150 million. The fund is focused on the development and construction of small-scale infrastructure projects in… Read More
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