AION Capital Partners, a joint venture between alternative asset managers Apollo Global Management and ICICI Venture, is investing INR3 billion (approximately US$47.2 million) in India-based power company Jyoti Structures. AION, which has already committed INR2 billion (approximately US$31.4 million), will acquire a significant minority stake through long-dated structured securities… Read More
ChrysCapital, an investment firm that focuses on growth sectors in India, has started selling its stake in India-based automobile component manufacturer JMT Auto, exiting 1.49 million shares, or a little over a ten percent stake, through block deals for INR192 million (approximately US$3 million). ChrysCapital originally invested in the… Read More
Private equity firm CID Group has held a final close on its latest fund, CID Greater China Fund IV, with US$50 million in capital commitments. The fund, which will include an additional US$50 million of CID Group’s capital to total US$100 million, will focus on investments in semiconductor businesses… Read More
Asia Pacific private equity investor Morgan Stanley Private Equity Asia (MSPEA) has sold a 6.8 percent stake in Sihuan Pharmaceutical Holdings, a China-based pharmaceutical manufacturer, along with the company’s management. The shareholders sold 100 million and 250 million shares, respectively, for a total sell-off of 350 million shares. Through… Read More
Global private equity firm Warburg Pincus has completed an investment in China-based health care provider Amcare Women’s and Children’s Hospital. Amcare, which previously received an RMB250 million (approximately US$40 million) investment in 2011 from investment banking and research service company China International Capital Corp., currently operates three hospitals and… Read More
Private equity investment manager Lombard Investments has announced a final close on its fourth Asia fund, Lombard Asia IV, hard-capped at US$350 million. The oversubscribed fund reached a first close in September 2012 with US$200 million in capital commitments. Investors in the fund, which will largely focus on growth… Read More
Singaporean sovereign wealth fund Temasek and early stage venture capital firm DCM, among other unnamed investors, have participated in a US$60 million Series D financing round in Tuniu.com, an online booking platform targeting the leisure travel market. Tuniu.com previously received a Series A round of funding from venture firm… Read More
Venture firm Matrix Partners India has picked up a significant minority stake in India-based cardiac care provider Meditrina Hospitals for INR410 million (approximately US$6.2 million), representing the company’s first round of institutional funding. Meditrina Hospitals currently operates four units focused on interventional cardiology in South and Central Kerala. It… Read More
India-focused private equity firm Ascent Capital is investing up to INR1 billion (approximately US$15 million) in medical equipment manufacturer Skanray Technologies. The transaction will take place in various tranches. Skanray aims to reach sales of INR3 billion (approximately US$45 million) by 2015 and is planning to set up units… Read More
Myanmar-focused investment and advisory group Anthem Asia has invested US$1 million in Myanmar-based office services provider Hintha Business Centres (HBC). HBC runs serviced offices in Yangon, with 13 private offices available to rent on a weekly or monthly basis. It intends to use the new funding to develop its… Read More
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