Singapore-based private equity firm Credence Partners has held a final close on its second Southeast Asia-focused private equity fund, Credence Fund II, with SGD200 million (approximately US$161.6 million) in commitments. The fund will invest in growth stage companies in the manufacturing, information communication technologies, services, logistics and consumer sectors. Read More
Global venture and growth capital investor ePlanet Capital has sold its stake in Indian chemical manufacturer Sree Ramicides Chemicals to Japanese agrochemical company SDS Biotech for INR1 billion (approximately US$18.5 million). ePlanet acquired its stake in 2008 for US$4.5 million, earning a cash-on-cash return of over 4x from the… Read More
India-focused private equity firm Tata Capital has acquired a 19 percent stake in Indian pharmaceutical company Marck Biosciences through a combination of direct and secondary transactions. Tata directly invested INR450 million (approximately US$8.3 million) in Marck for a 13 percent stake and purchased the remaining 6 percent from Indian… Read More
Asia-focused private equity firm Baring Private Equity Asia has increased its stake in Chinese cosmetics and skincare products manufacturer Magic Holdings. Baring purchased over 7.3 million shares on the Hong Kong Stock Exchange for HKD22.3 million (approximately US$2.9 million) through Baring Asia Private Equity Fund V, raising its stake… Read More
Archana Hingorani, Chief Executive Officer and Executive Director of IL&FS Investment Managers, shares her perspectives on the key challenges currently facing the private equity industry in India and offers guidance on strategies for success in this new investment climate. IL&FS Investment Managers Limited (IIML), a subsidiary of Infrastructure Leasing & Financial… Read More
Creador Capital, a private equity firm focused on India, Indonesia and Malaysia, is purchasing the Indonesian food business of Indian company Godrej Consumer Products. Under the terms of the transaction, the subsidiary will continue to distribute cereals, snacks and instant food products under the brands Simba and Turbo in… Read More
Global private equity investor Global Environment Fund (GEF) has invested INR450 million (approximately US$8.4 million) in India’s Integrated Cleanroom Technologies (IClean) through its South Asia Clean Energy Fund. IClean provides contamination-free and temperature-controlled room facilities for industries such as pharmaceuticals, biotechnology, food and beverage, healthcare and electronics. The company… Read More
Indian private equity firm Everstone Capital has invested INR2.2 billion (approximately US$41 million) in Transpole Logistics, an Indian freight logistics company. The investment will allow Transpole to expand its overseas operations in China, Malaysia, Singapore and South Korea. As part of the transaction, Everstone will acquire part of the… Read More
Indian eye hospital chain ASG Eye Hospitals has received INR500 million (approximately US$9.1 million) from global private equity firm Sequoia Capital. ASG currently operates hospitals in six cities in India’s northwestern state of Rajasthan, and the funding will be used to support ASG’s expansion into northern and central India. Read More
Global private equity firm CVC Capital Partners, Malaysia’s Employees Provident Fund (EPF) and Johor Corporation, the investment arm of Malaysia’s Johor state, have finalized the MYR5.2 billion (approximately US$1.7 billion) privatization of Malaysian Pizza Hut franchise operator QSR Brands and KFC’s Malaysian operations paving the way for the delisting… Read More
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