Asia-focused private equity firm Affinity Equity Partners has reportedly held a first close on its latest buyout fund, Affinity Asia Pacific Fund IV, with US$1.5 billion in commitments. The fund, which has a hard-cap of US$3.5 billion, will pursue control-oriented investments throughout Asia, with an emphasis on Australia, Greater… Read More
China-based alternative asset fund manager CDH Investments has partially exited its investment in Chinese software company Qihoo 360 Technology. CDH reportedly sold 6.73 million ordinary shares in the New York Stock Exchange-listed company, which held an initial public offering in 2011. Financial details of the transaction were not disclosed. Read More
Global venture capital firm Sequoia Capital has reportedly invested RMB150 million (approximately US$23.8 million) in New Classic Culture Co., a Chinese publishing company. New Classic Culture publishes books and operates the website Readlife.com. The company has reportedly earmarked RMB40 million (approximately US$6.4 million) of the invested capital for new… Read More
U.S.-based investment firms Creation Investments and MicroVentures, and Belgian microfinance investor Incofin have invested INR532 million (approximately US$10 million) in Indian microfinance company Grameen Financial Services. Creation Investments provided INR375 million (approximately US$6.8 million) of the invested capital, which is intended to help Grameen increase its coverage and expand… Read More
Bridge, a financial services company focused on extending access to finance to customers in rural Philippines, has received a US$24 million investment from Accion, a global non-profit microfinance organization, development finance institutions FMO and DEG, Bamboo Finance, a global private equity firm specializing in microfinance, and Paul Kocourek, Bridge’s… Read More
U.S.-based venture capital firms Sequoia Capital and Matrix Partners have invested US$10 million in Series B financing in Beisen, a Chinese supplier of human resources testing tools and services. Beisen has developed a cloud-based platform offering integrated recruitment, evaluation and talent management services. The funding is intended for additional… Read More
Global private equity investment group Apax Partners has sold a 3.88 percent stake in Indian hospital operator Apollo Hospitals Enterprise to investment management firm Oppenheimer Funds for INR4.45 billion (approximately US$83 million). The transaction took place through a bulk share sale on the Bombay Stock Exchange and National Stock… Read More
AID Capital Partners, a China-based private equity firm, has purchased the Hong Kong and Singapore operations of U.K.-based music retailer HMV Group. AID acquired six retail stores and an e-commerce outlet in Hong Kong and two stores in Singapore, along with licenses in China, Taiwan and Macau. Financial details… Read More
A consortium of investors including Northstar Pacific Partners, the Indonesia-focused private equity affiliate of U.S.-based global private investment firm TPG, and businessman Garibaldi Thohir have reportedly purchased Indonesian telecommunications company Hutchison 3 Indonesia from Thai conglomerate Charoen Pokphand Group. Financial details of the transaction were not disclosed. Read More
CLSA Capital Partners, the alternative asset management arm of Hong Kong-based brokerage CLSA Asia-Pacific Markets, and venture capital firm Kleiner Perkins Caufield Byers have invested US$10 million in Chinese water membrane manufacturing company Scinor Water Limited. CLSA structured the transaction through its Clean Resources Asia Growth Fund private equity… Read More
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