Asia-focused private equity firm Navis Capital Partners has invested in Malaysian information technology services company Strateq. Navis, alongside the Strateq management team, purchased a 54.8 percent stake from Malaysian investment firm Kencana Capital Assets and also invested new growth capital into the company. Financial details of the transaction were… Read More
Global investment and advisory firm Blackstone has agreed to purchase a 53 percent stake in Indian cement manufacturer Sree Jayajothi Cements for INR5.5 billion (approximately US$100 million). Blackstone will purchase at least part of the stake from Shriram EPC, an engineering and construction-focused subsidiary of Indian financial services conglomerate… Read More
Singapore-based private equity firms UOB Venture Management (UVM) and Venstar Capital, along with an undisclosed individual investor, have agreed to invest US$22.5 million in Go Marine Malaysia, a subsidiary of Singapore-based shipbuilding and chartering company Otto Marine. UVM’s Asean China Investment Fund II and UVM 2 Venture Investments, and… Read More
India-focused investment firm ChrysCapital has invested approximately US$40 million for a 4 percent stake in Indian pharmaceuticals manufacturer Ipca Laboratories. The investment was reportedly made through incremental share purchases on the Bombay Stock Exchange over the past 5 to 6 months. Ipca Laboratories manufactures drugs for domestic and international… Read More
China-focused distressed debt and special situations investment firm Shoreline Capital Management has announced the closing of its second fund, Shoreline China Value II, with US$303 million in commitments. The firm raised capital from institutional investors in North America, Europe, Asia and the Middle East. The fund has already invested… Read More
Global private equity and investment advisory firm CVC Capital Partners and Indonesian investment holding company PT Multipolar Tbk have sold nearly half of their stake in Indonesian retailer Matahari Department Store for approximately US$1.3 billion. CVC and Multipolar reportedly sold around 1.17 billion shares in the Indonesia Stock Exchange-listed… Read More
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
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