Venture capital and private equity firm SB China Venture Capital (SBCVC) has invested US$10 million in a Series A funding round for China-based peer-to-peer (P2P) financing platform Yooli.com. The company, which launched its platform in February 2013, intends to use the capital injection to maintain the growth of its… Read More
India-focused private equity firm Kedaara Capital has held a final close of its debut fund with US$540 million in capital commitments, hitting its hard cap and exceeding its target of US$500 million. Investors in the fund include anchor investor Ontario Teachers’ Pension Plan, sovereign wealth funds, pension funds, family… Read More
Venture capital firm Sequoia Capital has led an INR2.3 billion (approximately US$37 million) funding round in India-based Zomato Media, which runs an online restaurant and event-listing and review platform. Existing investor and majority shareholder Info Edge, an India-based online classifieds company, also participated in the round. Sequoia invested INR1.7… Read More
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, and Oman India Joint Investment Fund, the co-investment vehicle between Oman’s State General Reserve Fund and the State Bank of India, have picked up a minority stake in India-based agriculture commodity derivatives exchange National Commodity and Derivatives… Read More
Vietnam-focused private equity firm Mekong Capital has exited its investments in three Vietnam-based technology companies: Ngo Han, MK Smart and Digiworld. Last month, Mekong Capital sold its entire 29.7 percent stake worth VND101.2 billion (approximately US$4.8 million) in magnet wire producer Ngo Han to the company’s Chairwoman Ngo Thi… Read More
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has exited its investment in India-based active pharmaceutical ingredients manufacturer Symbiotec Pharmalab to pan-emerging markets private equity firm Actis. Last month, Actis invested US$48 million for a significant minority stake in the company and has subsequently increased its… Read More
Global investment and advisory firm The Blackstone Group and investment banking service provider ICBC International have purchased a 40 percent and a six percent stake, respectively, in China-based mall developer and operator SCP Company. Blackstone’s investment, which was structured through Blackstone Real Estate Partners Asia, is reported to be… Read More
Two China-based companies, online marketplace 58.com and travel website Qunar, have listed on the New York Stock Exchange (NYSE) and NASDAQ , respectively. 58.com, which is backed by global private equity firm Warburg Pincus, Asia-focused private equity firm SAIF Partners and early stage venture capital firm DCM, raised US$187… Read More
The private equity arm of Goldman Sachs has exited its investment in India-listed IL&FS Transportation Networks, a subsidiary of IL&FS that develops and manages toll roads. Goldman Sachs, through GS Strategic Investments, sold a 1.3 percent stake, or around 2.6 million shares, on 31 October on the National Stock… Read More
China New Enterprise Investment (CNEI), a China-focused growth capital fund manager, has invested US$25.4 million in China-based biopharmaceutical company Shanghai Fudan-Zhangjiang Bio-Pharmaceutical (FDZJ). CNEI completed the transaction in two steps, investing US$21 million earlier this year and an additional US$4.4 million in October. The firm acquired a 17 percent… Read More
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