A consortium of private equity firms including Tata Capital, the private equity arm of the Indian conglomerate Tata Group, and Morgan Stanley Global Private Equity will acquire a significant minority stake in India-based microlender Janalakshmi Financial Services for INR3.5 billion (approximately US$56.8 million). Janalakshmi, a non-banking financial company focused… Read More
Private equity firm ASK Pravi Capital Advisors, a joint venture between ASK Group and Pravi Capital, has invested INR600 million (approximately US$9.7 million) in India-based tertiary care hospital chain Omni Hospitals for a significant minority stake. The company, which operates as a unit of Incor Hospitals, intends to use… Read More
Aavishkaar Venture Management Services, a venture capital firm focused on India’s rural areas, has announced the final close of Aavishkaar India II Company, a venture capital fund that targets India’s low-income states, at US$94 million. The fund, which held a first close in September 2011 at US$70 million, has… Read More
Japan-based private equity firm Vangoo Capital Partners led a Series C round investment for more than US$30 million in Secoo.com, a China-based luxury goods retailer. Existing shareholders IDG Capital Partners, a China-focused investment firm, and Ventech Capital, a venture investor, also participated in the round. Secoo.com, which sells secondhand… Read More
China-focused private equity and venture capital firm Tiantu Capital has reached a final close on its sixth RMB-denominated fund at RMB1 billion (approximately US$160 million). The new fund will target investments in the consumer sector. Read More
Motilal Oswal Private Equity, a subsidiary of Indian financial services company Motilal Oswal Financial Services, has held a fourth close on its India Business Excellence Fund-II (IBEF-II) with INR6.3 billion (approximately US$103 million) in capital commitments. The fund recently received a commitment of US$25 million from International Finance Corporation,… Read More
India-focused private equity fund manager Lighthouse Funds has held a first close on its second fund, India 2020 Fund II, with approximately US$60 million in commitments. Lighthouse reportedly received re-ups from all major institutional investors in its first fund, which raised US$100 million in 2008. Fund II has a… Read More
China-focused investment firm IDG Capital Partners has sold its stake in Tongxiang Wuzhen Tourism Development, a travel agency based in Zhejiang province, to the investee’s parent company China CYTS Tours Holding for US$67.5 million. Following the transaction, CYTS Tours, which acquired stakes controlled by IDG vehicles Hao Tian Capital… Read More
Asia-focused buyout fund manager Affinity Equity Partners has reached a second close on Affinity Asia Pacific Fund IV with US$2.5 billion in commitments. Investors in the fund, which reportedly has a hard cap of US$3.5 billion, include Washington State Investment Board, Montana State Investment Board, Maine Public Employees’ Retirement… Read More
CLSA Capital Partners, the alternative asset management arm of Hong Kong-based brokerage CLSA, has invested INR550 million (approximately US$9.2 million) in India-based Luminous Water Technologies (LWT). LWT designs, manufactures, distributes and services water purifier and water filter systems for residential and commercial use. CLSA Capital Partners structured the transaction… Read More
(default archive template)