Motilal Oswal Private Equity (MOPE), the private equity arm of Indian financial services company Motilal Oswal, has invested INR350 million (approximately US$6.5 million) in Indian building materials manufacturer Magicrete Building Solutions. Magicrete produces autoclave aerated concrete blocks, gypsum plaster and dry mortar, and intends to use the funding to… Read More
Asset management firm Templeton Asset Management has invested INR705 million (approximately US$13 million) in Indian liquor producer Globus Spirits. Globus, which is listed on the Bombay Stock Exchange and the National Stock Exchange, produces both Indian and foreign spirits. Templeton structured the transaction through Templeton Strategic Emerging Markets Fund… Read More
Mekong Capital, a Vietnam-focused private equity firm, has announced the completion of a partial exit from its 2007 investment in Vietnamese mobile phone retailer MobileWorld Investment Corporation. Mekong Capital’s Mekong Enterprise Fund II sold part of its stake to an undisclosed financial investor, reducing its holding from 32.5 percent… Read More
South Korea-based private equity firm SkyLake Incuvest has agreed to acquire an 83 percent stake in adhesives manufacturer Tapex from KDB Capital and JKL Partners for KRW100 billion (US$91 million). In addition to plastic wrap and other household and office items, Tapex produces specialty tape used in LCD, semiconductor… Read More
Frontier markets investor Leopard Capital has invested in Engage Resources (Thailand) Co., a Thai producer and developer of kenaf-based products. Kenaf is a fibrous plant used in the animal feed, construction, and paper and pulp industries. The investment, which was structured through Leopard Cambodia Fund, is intended to allow… Read More
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$21 million in Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. (FDZJ), a Chinese biomedical company. FDZJ, listed on the Hong Kong Stock Exchange’s Growth Enterprise Market, engages in the research, development, manufacturing and sales of drugs and diagnostic products. CNEI… Read More
India-focused early-stage venture capital firms Helion Venture Partners and Nexus Venture Partners, along with Teruhide Sato, CEO of Japan-based Netprice, have collectively invested INR540 million (US$10 million) in Indian e-commerce company ShopClues.com. Nexus Venture Partners previously invested INR200 million (US$3.7 million) in ShopClues.com in a prior round of funding. Read More
Repco Home Finance (RHF), the housing finance unit of India-based Repco Bank, has launched an initial public offering on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of 15.7 million shares valued at up to INR2.7 billion (US$49.7 million). RHF is backed by private equity firms… Read More
Global investment firm TPG has agreed to invest INR270 million (approximately US$5 million) in Flexituff, an India-based bulk container manufacturer, via a preferential share issue. TPG, through its TPG Growth II platform, intends to purchase over 1.2 million equity shares in the Bombay Stock Exchange- and National Stock Exchange-listed… Read More
Indian private equity firm Tata Capital, Indian wealth management company Vyana Advisory and investor Brijesh Kumar Biyani have collectively invested INR416 million (approximately US$7.5 million) in Indian engineering company McNally Bharat Engineering (MBE). MBE provides turnkey solutions for the power, metals and minerals industries. The consortium purchased non-convertible redeemable… Read More
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