Chinese private equity firm Hony Capital has acquired a 5.16 percent stake in China International Marine Containers (CIMC), a state-owned manufacturer of shipping containers that is in the process of transferring its listing from the Shenzhen Stock Exchange to the Hong Kong Stock Exchange. Broad Ride, a subsidiary of… Read More
Global venture capital firms IDG Ventures and Sequoia Capital are investing INR500 million (approximately US$9.2 million) in iCreate Software, an Indian data analytics software developer. iCreate focuses on the banking sector and plans to use the funds to expand its product portfolio and move into overseas markets. Read More
The Carlyle Group has reduced its stake in Chinese property company Kaisa Group Holdings by selling 216 million shares in the company on the Hong Kong Stock Exchange. The shares reportedly comprised half of Carlyle’s stake in Kaisa and were acquired during its 2007 investment in the… Read More
Emerging markets private equity investor Actis has sold its stake in Chinese restaurant chain Xiabu Xiabu to global private equity firm General Atlantic. Actis first invested in Xiabu Xiabu, which specializes in Chinese hot-pot dishes, in November 2008. During Actis’s investment period, Xiabu Xiabu expanded from 60 restaurants in… Read More
Indian credit ratings agency Credit Analysis & Research (CARE) has raised INR5.4 billion (approximately US$99.3 million) in an initial public offering on India’s National Stock Exchange and Bombay Stock Exchange. The company, backed by Indian private equity firms Milestone Capital Advisors and Aditya Birla Private Equity (ABPE), sold 7.2… Read More
Flocations, the Singapore-based operator of Southeast Asia-focused travel website Flocations.com, has received SGD700,000 (approximately US$573,000) in an early stage investment round led by Singaporean venture capital firm TNF Ventures. SingTel Innov8, the corporate venture arm of Singaporean mobile service provider SingTel, and angel investor Ben T. Ball also participated… Read More
China New Enterprise Investment (CNEI), a China-focused growth capital fund manager, has invested US$20 million in Chinese specialty leasing company Juxin Internal Leasing’s Series B investment round, acquiring a 12.1 percent stake. Juxin provides financial leasing services to customers in the public higher education sector, including financing for IT… Read More
Indonesian private equity firm Northstar Pacific Partners has acquired a 49 percent stake in Indonesian Stock Exchange-listed brokerage Trimegah Securities for IDR200 billion (approximately US$20.8 million). The firm purchased 1.7 billion shares in Trimegah, including shares owned by hedge fund Spinnaker Capital. Northstar made the investment through Northstar Equity… Read More
Indian venture capital firms Helion Venture Partners and Footprint Ventures have reportedly invested US$6 million in vegetarian food chain Mast Kalandar, owned by Indian restaurant operator Spring Leaf Retail. Mast Kalandar currently operates 40 outlets and will use the funding to expand to 100 outlets across eight Indian cities. Read More
Venture capital firm Sequoia Capital China and Fidelity Growth Partners Asia, the Asia-focused private equity arm of Fidelity Investments, have invested alongside an undisclosed private investor in the Series B financing round of Chinese rental car company Reocar. Financial details of the transaction were not disclosed, but the invested… Read More
(default archive template)