Ratnakar Bank, an Indian commercial banking institution, has raised INR3.24 billion (approximately US$60 million) from a consortium of investors. International Finance Corporation, the private sector development arm of the World Bank Group, and investment firms Aditya Birla Private Equity, Faering Capital, ICICI Investment Management, IDFC Alternatives and Ascent Capital… Read More
Zephyr Peacock Management India has held a second close for its third India-focused private equity fund, Zephyr Peacock India Fund III, with US$70 million in capital commitments. The fund will focus on small- and medium-sized enterprises in India and has raised capital from International Finance Corporation (IFC), as well… Read More
Miaozhen Systems, a Chinese big data company serving the advertising industry, has received US$10 million in its Series C round of financing from a consortium of investors. Investors include Chinese private equity firm CBC Capital, global venture capital firms Redpoint Ventures and Kleiner Perkins Caufield Byers (KPCB), and WPP… Read More
Chinese online clothing retailer Moonbasa has received US$55 million in a fourth financing round from a group of alternative investment management and private equity firms including China Renaissance Capital Investment (CRCI), DT Capital Partners and GSR Ventures. CRCI and GSR Ventures have previously invested in Moonbasa… Read More
Asia-focused investment firm PAG has invested HK$975 million (approximately US$125.7 million) in China South City Holdings, a Chinese developer and operator of large scale integrated logistics and trade centers. PAG purchased convertible shares in the company, which is listed on the Hong Kong Stock Exchange, amounting to 10.32 percent… Read More
Global emerging markets private equity firm Wolfensohn Fund Management has agreed to purchase a 0.5 percent stake in India’s National Stock Exchange (NSE) for INR900 million (approximately US$16.5 million). Wolfensohn will purchase the shares from Indian infrastructure finance company IDFC. The investment is subject to regulatory approval from India’s… Read More
Hong Kong-based investment firm ADM Capital, through its subsidiary Twenty Two Dragons, has invested US$50 million in a subsidiary of Chengdu Tianqi Industry Group Co. (Tianqi), a Chinese lithium products manufacturer. The investment is part of a financing package to fund Tianqi’s acquisition of Australian lithium mining company Talison… Read More
U.S.-based venture capital firm Norwest Venture Partners (NVP) has invested US$8 million in Trendsutra Platform Services, the Indian company that owns and operates online retail website Pepperfry.com. Trendsutra intends to use the funding to increase the number of offerings on its website and to open more fulfillment centers, where… Read More
Chinese private equity firm CITIC Private Equity has purchased Hoau, the Chinese subsidiary of Dutch road services company TNT Express. Hoau operates a domestic road distribution network with about 1,500 depots, covering more than 600 cities throughout China. Financial details of the transaction, which is subject to regulatory approval,… Read More
Global investment firm TPG has participated in the US$173 million privatization of China’s ShangPharma Corporation. ShangPharma is a pharmaceutical and biotechnology research and development outsourcing company previously listed on the New York Stock Exchange. TPG originally invested US$35 million in ShangPharma in 2007, and partially exited the company following… Read More
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