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
Global growth markets investor The Abraaj Group has announced a full exit from its investment in Philippines-based tertiary medical hospital Daniel O. Mercado Medical Center (DMMC) through a buy back arrangement with the Mercado family. The Abraaj Group originally invested in DMMC in September 2010 alongside the Mercado family. Read More
Global investment firm Kohlberg Kravis & Roberts (KKR), international alternative asset fund manager CDH China Management Company and China-based milk producer Modern Dairy have announced the formation of a joint venture designed to deliver raw milk to Chinese consumers. Under the agreement, KKR, CDH and Modern Dairy will invest… Read More
Global alternative asset manager Global Environment Fund (GEF) has invested INR750 million (approximately US$12 million) in India-based Rishabh Instruments, a manufacturer, designer and developer of measuring instruments and industrial control products. The transaction was structured through GEF’s South Asia Clean Energy Fund. Rishabh Instruments intends to use the new… Read More
Independent asset manager responsAbility Social Investments has picked up a minority stake in India-based biomass aggregator Punjab Renewable Energy Systems (PRES). The deal was structured through responsAbility Ventures I. PRES intends to use the capital injection for expansion into new locations in India and abroad. Financial details of the… Read More
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