Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has invested about MYR642 million (approximately US$200.8 million) for a substantial minority stake in Malaysia-based Weststar Aviation Services, provider of offshore helicopter and transportation services to the oil and gas industry. The transaction was structured through KKR Asian Fund II. Read More
Investment firm Matrix Partners India has acquired a significant minority stake in India-based Stayzilla.com, an online hotel booking platform. Matrix Partners India is the only investor in the company’s first institutional round of equity funding. Stayzilla.com, which was previously known as Insara.com, raised US$500,000 from Indian Angel Network in… Read More
Henderson Equity Partners, the private equity operation of Henderson Global Investors, has completed an exit from India-based HT Media, owner of English newspaper Hindustan Times, Hindi newspaper Hindustan and business newspaper Mint, by selling its remaining three percent stake on the National Stock Exchange of India. Henderson sold a… Read More
Aavishkaar Venture Management, a venture capital firm focused on India’s rural areas, has participated in venture rounds for two India-based microfinance institutions: Swarna Pragati Housing Microfinance and Arohan Financial Services. Aavishkaar, alongside existing investor non-banking finance institution Asia Pragati, invested INR200 million (approximately US$ 3.2 million) in Swarna Pragati. Read More
European private equity firm IK Investment Partners has entered into an agreement with Norwegian foundation Det Norske Veritas (DNV) to acquire its Singapore-based subsidiary DNV Petroleum Services (DNVPS), a provider of fuel management services for the maritime and power sectors. DNVPS intends to use the new capital to expand… Read More
Global investment firm Kohlberg Kravis & Roberts (KKR) and China-based home appliance manufacturer Qingdao Haier have announced the signing of a definitive agreement under which KKR will acquire a ten percent stake in Qingdao Haier for a reported RMB3.4 billion (approximately US$556 million). The company intends to use the… Read More
China-focused venture capital firms Kleiner Perkins Caufield Byers China and IPV Capital have invested US$10 million in Singapore-based MyHero, creator of the stock market simulation app TradeHero. Since its launch in January, the app has reportedly attracted 250,000 users from 200 countries. MyHero intends to use the capital injection… Read More
Global private equity firm Warburg Pincus has struck a deal to purchase around a 30 percent stake in India-based retailer Biba Apparels. Warburg Pincus will buy retail operator Future Ventures’ 28.3 percent stake for around INR2.97 billion (approximately US$47.4 million) and pick up a two to three percent stake… Read More
Global private investment firm TPG has sold its stake in China-based holding company UT Capital, operator of UniTrust Finance & Leasing Corporation, to financial service provider Haitong Securities’ subsidiary Haitong International Holdings in a deal worth US$715 million. TPG, which owned a 100 percent stake in UT Capital, replaced… Read More
China-focused investment firm IDG Capital Partners has participated in a Series A funding round for Hangzhou Wacai Science, a China-based personal finance management mobile app. The transaction amount was reportedly more than US$10 million. Hangzhou Wacai Science, which has developed two mobile apps that record a user’s daily spending… Read More
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