A consortium of investors including China-based alternative investment management and advisory firm CITIC Capital, Oriza Holdings and state-owned conglomerate China Merchants Group have acquired a stake of no more than 25 percent in China-based express delivery services company S.F. Express. Financial details of the transaction, which was structured through… Read More
Fidelity’s China-focused venture capital and private equity arm Fidelity Growth Partners Asia, China- and Southeast Asia-focused private equity group F&H Fund Management and investment manager Tiger Global Management have invested a reported US$10 million in Mtime, a China-based online and mobile movie platform. Mtime intends to use the new… Read More
Venture capital firm Sequoia Capital India has bought a minority stake in India-based Vini Cosmetics for INR1.1 billion (approximately US$17.9 million). Vini Cosmetics produces deodorants and talcum powders, and intends to use the new capital to expand its portfolio by adding nutritional pharmaceuticals (“neutraceuticals”), skincare and hair care products. Read More
Korea-focused private equity firm IMM Private Equity and emerging markets investment manager Mirae Asset Private Equity have together agreed to acquire a 24 percent stake in Korea-based integrated steelworks company POSCO Specialty Steel for KRW250 billion (approximately US$223.2 million). According to a regulatory filing, the investors will subscribe to… Read More
China-focused private equity and venture capital firm Tiantu Capital has invested RMB80 million (approximately US$13 million) in Ganqishi, a Chinese cuisine food chain. This was the first transaction structured through Tiantu Capital’s sixth RMB-denominated fund. Ganqishi, which operates 150 outlets in Hangzhou and offers mainly Chinese dumplings, intends to… Read More
The United Kingdom’s development finance institution CDC and global growth markets investor The Abraaj Group will invest US$17.5 million in Rainbow Hospitals, an India-based 450-bed pediatric and maternity healthcare company. Rainbow Hospitals intends to use the new financing to expand beyond the state of Andhra Pradesh to cities such… Read More
China-focused venture capital firm China Venture Capital has agreed to invest RMB15m (approximately US$2.4 million) in China-based Jiangsu Suntime Environmental Remediation, a company specializing in contaminated soil remediation. The company has worked on soil remediation projects in Jiangsu, Gaohyou, Yangzhou and Changzhou. Read More
Cordiant Capital, a fund manager specializing in emerging markets credit and private equity investments, has provided a US$55 million loan to Sri Lanka-based microfinance institution Lanka Orix Micro Credit (LOMC). The transaction, which was made in partnership with the Dutch development bank FMO, was structured through Cordiant Emerging Loan… Read More
Southeast Asia-focused private equity firm The Northstar Group has partnered with Singapore-based brokerage firm ERA Real Estate to lead a management buyout of ERA Real Estate from Hersing Corporation, a Singapore-based brand manager and service provider. Local media reports valued the deal at SGD$130 million (approximately US$102.5 million), which… Read More
Venture capital firm GGV Capital and Asia-focused investment group Orchid Asia participated in a Series A investment in Beauty Plus, a China-based cosmetics retailer. Beauty Plus intends to use the capital injection for brand building and business development, with the goal to work towards an IPO. Financial details of… Read More
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