India-focused private equity firm Blue River Capital has exited its 22.1 percent stake in India-based auto ancillary company Aurangabad Electricals for INR780 million (approximately US$12.3 million). Blue River Capital sold the stake back to Aurangabad Electricals, making a reported 2x return on the firm’s original March 2006 investment. In… Read More
Indonesia-focused private equity firm Ancora Capital has held a final close on its second fund with US$128 million in capital commitments. The vehicle is currently 40 percent deployed, having made three investments since its launch in early 2011. The fund, which was originally targeting US$300 million, reached a first… Read More
Venture capital firm Sequoia Capital has led a US$15 million Series C financing round in China-based provider of app store analytics App Annie. Venture capital firms IDG Capital Partners, Greycroft Partners, e.ventures and Infinity Venture Partners also participated. The company intends to use the capital injection to expand the… Read More
IDFC Alternatives, the alternative asset management vertical at IDFC, has reached the first close of its second infrastructure fund India Infrastructure II (IIF2) with US$644 million in capital commitments. There will also be a co-investment pool alongside the fund that includes IDFC dry powder of over US$900 million. IIF2,… Read More
China-focused private equity firm Lunar Capital and co-investors, venture capital firms RRE Ventures and Icon, have sold their stake in China-based third-party online payment provider SmartPay to an affiliate of insurance and financial services holding company Ping An Insurance Company of China. Ping An intends to grow the business… Read More
TPG Growth, the middle market and growth equity platform of global private investment firm TPG, has acquired a 25 percent stake in India-based surgical sutures manufacturer Sutures India for INR1.5 billion (approximately US$23.5 million). The transaction involved a mix of primary and secondary share purchases, with around INR750 million… Read More
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
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