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
Asia-focused private equity firm Navis Capital Partners has indirectly invested in Vietnamese seafood processing company Go Dang Joint Stock Company (Godaco) through a holding company, Panga Hold Co. The investment will allow Godaco to accelerate its expansion plans and increase global exports of its two key products, Pangasius and… Read More
Henderson Equity Partners, the private equity arm of U.S.-based investment firm Henderson Global Investors, sold 8.2 percent of the equity shares of Indian sanitary products manufacturer Hindustan Sanitaryware & Industries Limited (HSIL) through a share sale on the Bombay Stock Exchange. The shares were valued at INR678.2 million (approximately… Read More
India-focused private equity firm India Equity Partners (IEP) has begun exiting from Manappuram, an Indian non-banking financial company specializing in gold loans. IEP sold 18 million shares, equivalent to a 2.13 percent equity stake, on the National Stock Exchange of India for INR770 million (approximately US$14.2 million). The firm… Read More
Bain Capital and Goldman Sachs Capital Partners, the private equity arm of Goldman Sachs, have reduced their holdings in two Chinese companies listed on the Hong Kong Stock Exchange. Bain Capital partially divested its holdings in real estate developer Sunac China Holdings for HKD540 million (approximately US$70 million), retaining… Read More
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