ADM Capital, an investment firm focused primarily on recovery, special situations and event-driven opportunities in emerging markets, has partnered with distressed debt and special situations investment manager Altus Capital Partners to invest in Kormasinc, a special purpose company set up to acquire Philippines-based agri-feeds producer Vitarich’s long term secured… Read More
Singapore-listed Chinese water treatment company SIIC Environment will raise SGD260.2 million (approximately US$208.9 million) by selling new shares to Asia-focused private equity firm RRJ Capital, investment services institution CCB International (CCBI) and China sovereign wealth fund China Investment Corporation (CIC). SIIC will sell 3.1 billion ordinary shares at SGD0.09… Read More
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, has picked up a stake in India-based Medi Assist Group, provider of third party administrator (TPA) services for health insurance-related claims. IDFC Alternatives committed INR1.3 billion (approximately US$20.5 million) to the deal, part of which has already… Read More
North Asia-focused private equity firm MBK Partners has reached a third close on its latest buyout fund MBK Partners III at the hard cap of US$2.7 billion in capital commitments. The fund, which reached a first close of US$1.25 billion in capital commitments in November 2012, had an initial… Read More
Affiliates of China-focused private equity firm Hony Capital are selling 500 million shares in Hong Kong-listed manufacturer of vitamins and generic drugs CSPC Pharmaceutical Group for HKD4.05 (approximately US$0.52) per share. Hony is seeking a total of HKD2 billion (approximately US$261.1 million) from the sale of a 13 percent… Read More
Venture capital firms IDG Ventures India and Inventus Capital Partners have participated in a US$2 million Series A funding round in India-based Unbxd, a recommendation platform for e-commerce companies. Unbxd intends to use the capital infusion to strengthen the company’s presence in India, Singapore and North America, in addition… Read More
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
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