Creador Capital, a private equity firm focused on India, Malaysia and Indonesia, has closed its first fund with US$132 million in total commitments. The fund will invest between US$10 million and US$50 million per transaction, and Creador plans to deploy between 40 and 50 percent of the fund’s corpus… Read More
Chinese private equity firm Hony Capital has fully exited its holding in Chinese lead-acid battery manufacturer Chaowei Power. Hony sold 150 million shares (representing 14.92 percent of Chaowei’s total equity) on the Hong Kong Stock Exchange for HKD600 million (approximately US$77.4 million). Hony originally acquired a 20.36… Read More
India-based private equity firm Everstone Capital and Belgian family office Verlinvest have invested in Singaporean restaurant management firm Harry’s Holdings. Everstone and Verlinvest purchased 90 percent of the public shares of the Singapore Stock Exchange-listed firm through a special purpose vehicle owned by Everstone, F&B Asia Ventures. Under Singaporean… Read More
Private equity and venture capital firms Aditya Birla Private Equity, Norwest Venture Partners (NWF), Faering Capital, Argonaut Ventures and Gaja Capital are among the investors committing INR3 billion (approximately US$54.9 million) to India’s Ratnakar Bank. The investment is intended to help Ratnakar prepare for a possible initial public offering… Read More
Fidelity Growth Partners India (FGPI), the India-focused private equity arm of Fidelity Worldwide Investment, has invested INR300 million (approximately US$5.4 million) in Richcore Lifesciences, an Indian manufacturer of enzymes for the energy, food and water industries. The company’s portfolio currently includes enzymes to aid sugar and alcohol processing, as… Read More
Matrix Partners India, the India-focused arm of global private equity firm Matrix Partners, has invested in Indian payment solutions provider Mswipe Technologies. Mswipe’s products allow businesses to accept credit and debit card payments via mobile phones. Financial details of the transaction were not disclosed. Read More
Emerging markets private equity investor Actis has invested in Chinese medical equipment manufacturer Nanjing Micro-Tech, acquiring a minority stake in the company. Nanjing Micro-Tech’s product portfolio includes endoscopy consumables, non-vascular stents and disposable biopsy forceps, and the company has a network of 120 distributors within China. Financial details of… Read More
Global special situations investor Clearwater Capital has increased its stake in Indian hotel manager Kamat Hotels to 41.3 percent after acquiring additional shares in the listed company and converting existing bond holdings into equity. Clearwater, which previously held a 21.99 percent stake in Kamat, purchased over 1.7 million shares… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has invested an additional US$200 million in Vietnamese consumer food products company Masan Consumer through a combination of primary and secondary shares. KKR previously invested US$159 million in the company in April 2011. Masan produces condiments, convenience foods and instant… Read More
Global alternative asset manager The Carlyle Group has fully exited its investment in China Pacific Insurance (CPIC) through a share sale on the Hong Kong Stock Exchange. Carlyle sold 2.2 percent of CPIC’s total shares for approximately US$796 million, bringing its total earnings to over US$5 billion after six… Read More
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