India-focused private equity firm Tata Capital has invested INR1.2 billion (approximately US$22.3 million) in Indian health insurer Star Health & Allied Insurance Company for a 14 percent stake. The investment was made through the Tata Growth Capital Fund. Prior investors in Star Health include private equity and venture capital… Read More
Global private equity investment group Apax Partners has sold an approximate 4.6 percent stake in Indian hospital operator Apollo Hospitals Enterprises through an open market share sale on India’s Bombay Stock Exchange for INR5.3 billion (approximately US$98 million). The shares represented approximately half of Apax’s stake in Apollo Hospitals,… Read More
Valyoo Technologies, a manager of online luxury retail platforms in India, has received INR530 million (approximately US$9.9 million) in funding from venture capital firms IDG Ventures India and Unilazer Ventures, a venture capital fund promoted by Indian media executive Ronnie Screwvala. IDG previously invested US$4 million in Valyoo in… Read More
Asia-focused private equity firm Headland Capital Partners has entered into a partnership with Malaysian food and beverage manufacturer Mamee-Double Decker. Mamee-Double Decker produces snacks and instant noodles for the Malaysian market and plans to use the investment, which was made through Headland Private Equity Fund 6, to expand into… Read More
India-focused private equity firm Zephyr Peacock India and Singapore-based private equity firm Credence Partners have agreed to invest INR904 million (approximately US$17 million) in Indian logistics firm 20Cube Logistics. 20Cube offers international transportation and contract logistics services in India, Australia, Sri Lanka, Bangladesh, Malaysia, Singapore, China, Uganda and the… Read More
Asia-focused special situations investor Clearwater Capital Partners has sold its entire 27.16 percent stake in Indian hotel management chain Sayaji Hotels to the Dhanani family, the chain’s promoters. Clearwater disposed of its 4.75 million equity shares at INR130 per share (approximately US$2.44), valuing the transaction at approximately US$11.6 million. Read More
Baring Private Equity Asia (BPEA), an Asia-focused private equity fund manager, has fully divested its holdings in Airtac International Group, a China-based manufacturer of pneumatic components. BPEA, which first invested in Airtac in 2006 through its fourth private equity fund, sold its entire shareholding on the Taiwan Stock Exchange… Read More
Global private equity firm Warburg Pincus has begun exiting its holding in Indian electrical equipment company Havells India. Warburg, which held a 14 percent equity stake in Havells, sold 7 million shares (5.6 percent of Havells’s total equity) on the Bombay Stock Exchange for INR4.55 billion (approximately US$85.5 million). Read More
Global investment and advisory firm The Blackstone Group has announced the acquisition of a majority stake in two seaplane operators in the Maldives, Maldivian Air Taxi and Trans Maldivian Airways, through one of its private equity funds. The two airlines operate a combined total of 44 seaplanes catering to… Read More
Asia-focused private equity firm RRJ Capital has purchased a 75 percent stake in Hong Kong’s SKC Group, the owner of children’s wear retailer Kingkow. Kingkow operates stores in Hong Kong, mainland China, Macau, Taiwan, Singapore and Thailand. Financial details of the transaction were not disclosed. RRJ has reportedly raised… Read More
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