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
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
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