Indian private equity firm ChrysCapital has invested INR1.2 billion (approximately US$22.1 million) in Indian non-banking finance company Au Financiers for a 10 percent stake. ChrysCapital acquired 7 percent from Indian private equity firm Motilal Oswal Private Equity and the remaining 3 percent from the company’s founders, the Agarwal family. Read More
India-focused private investment firm WestBridge Capital and U.S.-based private equity firm TA Associates have together invested US$44 million in Dr. Lal PathLabs, an Indian pathology and diagnostics company. WestBridge invested US$35 million from its evergreen fund WestBridge Crossover Fund, with TA Associates contributing US$9 million. Under the terms of… Read More
Singapore-based private equity firm CMIA Capital Partners has invested US$23 million in the privatization of Singapore Stock Exchange-listed China Farm Equipment. The transaction was structured through CMIA China Fund IV, a private equity fund jointly managed by CMIA and China Merchants Technology Holdings, the venture capital arm of state-owned… Read More
Global private investment firm TPG has partially exited its investment in Indian logistics financier Shriram Transport Finance. TPG sold 23.15 million shares, representing an approximate 10 percent stake in Shriram, on the National Stock Exchange for INR16.6 billion (approximately US$303 million). Following the sale, TPG retains an ownership stake… Read More
India-focused venture capital firm Helion Venture Partners has invested INR350 million (approximately US$6.5 million) in LifeCell International, an India-based stem cell bank. LifeCell preserves stem cells from various human tissues and provides services including bedside stem cell processing and newborn screening at 110 locations in India and abroad. Helion’s… Read More
Global investment firm Bain Capital has sold 110 million shares of Chinese packaging materials manufacturer Greatview Aseptic Packaging on the Hong Kong Stock Exchange for HKD533.5 million (approximately US$68.8 million). The shares were owned by Bain Capital Fund IX, which retains over 174 million shares, representing 13.07 percent of… Read More
Washington, DC – The Emerging Markets Private Equity Association (“EMPEA”) today announces that David Pierce, Partner at FLAG Squadron Asia has been appointed as Chair of EMPEA’s Asia Council (“Council”), an advisory group comprised of senior representatives from leading private equity firms and investors active in emerging Asian markets. An… Read More
Trent, the retail arm of India’s Tata Group, is buying back the shares of its subsidiary Landmark, owned by Indian private equity firm TVS Capital, for INR840 million (approximately US$15.4 million). TVS Capital invested INR650 million (approximately US$11.9 million) in Landmark, a retailer of books, music and games, in… Read More
Chinese alternative asset fund manager CDH Investments has held a first close on its fifth China-focused private equity fund with US$1 billion in commitments. Institutional investors in CDH China Fund V, launched in September 2012, include the Government of Singapore Investment Corporation (GIC), Asia Alternatives and LGT Capital Partners. Read More
Global venture capital firm Bessemer Venture Partners has invested in India-based Anunta Technology Management Services as part of the company’s Series A financing round. Anunta provides software delivery services to companies developing mobile applications. Financial details of the transaction were not disclosed. Read More
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