Frontier markets investor Leopard Capital has invested in Engage Resources (Thailand) Co., a Thai producer and developer of kenaf-based products. Kenaf is a fibrous plant used in the animal feed, construction, and paper and pulp industries. The investment, which was structured through Leopard Cambodia Fund, is intended to allow… Read More
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$21 million in Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. (FDZJ), a Chinese biomedical company. FDZJ, listed on the Hong Kong Stock Exchange’s Growth Enterprise Market, engages in the research, development, manufacturing and sales of drugs and diagnostic products. CNEI… Read More
India-focused early-stage venture capital firms Helion Venture Partners and Nexus Venture Partners, along with Teruhide Sato, CEO of Japan-based Netprice, have collectively invested INR540 million (US$10 million) in Indian e-commerce company ShopClues.com. Nexus Venture Partners previously invested INR200 million (US$3.7 million) in ShopClues.com in a prior round of funding. Read More
Repco Home Finance (RHF), the housing finance unit of India-based Repco Bank, has launched an initial public offering on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of 15.7 million shares valued at up to INR2.7 billion (US$49.7 million). RHF is backed by private equity firms… Read More
Global investment firm TPG has agreed to invest INR270 million (approximately US$5 million) in Flexituff, an India-based bulk container manufacturer, via a preferential share issue. TPG, through its TPG Growth II platform, intends to purchase over 1.2 million equity shares in the Bombay Stock Exchange- and National Stock Exchange-listed… Read More
Indian private equity firm Tata Capital, Indian wealth management company Vyana Advisory and investor Brijesh Kumar Biyani have collectively invested INR416 million (approximately US$7.5 million) in Indian engineering company McNally Bharat Engineering (MBE). MBE provides turnkey solutions for the power, metals and minerals industries. The consortium purchased non-convertible redeemable… Read More
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
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