Navis Invests in Strateq Group (Asia)

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

ChrysCapital Acquires Stake in Ipca Laboratories for US$40 Million (Asia)

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

Shoreline Capital Announces Fund II Closed Over US$300 Million (Asia)

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

Matahari Share Sale Valued at US$1.3 Billion (Asia)

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 Invests US$6.5 Million in Magicrete (Asia)

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

Globus Spirits Gets INR705 Million from Templeton Fund (Asia)

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 Enterprise Fund II Partially Exits Its Investment in MobileWorld (Asia)

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

SkyLake Incuvest Acquires Tapex at KRW100 Billion (Asia)

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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