CX Partners, an Indian private equity firm, has signed a binding letter of intent to invest INR1.2 billion (approximately US$22.9 million) in Transaction Solutions International (TSN), an operator of ATMs that is listed on the Australian Stock Exchange. Under the terms of the transaction, CX Partners will acquire a… Read More
Indonesia-focused private equity firm Saratoga Capital and investment firm Provident Capital have sold a combined 4.4 percent stake in Indonesian telecommunications tower operator Tower Bersama Infrastructure on the Indonesian Stock Exchange. Saratoga and Provident collectively sold 210 million shares at IDR5,750 per share (approximately US$0.60) for IDR1.2 trillion (approximately… Read More
Southeast Asia-focused private equity investment manager Lombard Investments has sold its 10 percent stake in Thai retail chain Robinson Department Store for approximately US$219 million. Lombard’s affiliate, Asia Investment International, sold 111.3 million shares on the Stock Exchange of Thailand at THB60.5 (approximately US$1.95) per share. Robinson… Read More
China New Enterprise Investment (CNEI), a China-focused growth capital fund manager, led a US$23 million investment in Chinese salt chemicals manufacturer China Dadi Chemical (Dadi). Korea Development Bank, the state-owned policy bank of South Korea, co-invested alongside CNEI. The investment is expected to help Dadi strengthen its industry position… Read More
North Asia-focused private equity firm MBK Partners has reached a first close on its third fund, MBK Partners III, at US$1.25 billion in capital commitments. The fund, which is targeting US$2.25 billion, will invest in controlling stakes in companies based in South Korea, Japan and Greater China. Morgan Stanley… Read More
Indian private equity firm Multiples Alternate Asset Management and L Capital, the private equity arm of French luxury goods conglomerate LVMH, have invested INR2.32 billion (approximately US$41.7 million) in Indian multiplex cinema chain PVR Cinemas. The investment will be used to fund part of PVR’s acquisition of movie theater… Read More
Manipal Hospitals, the healthcare-focused subsidiary of India’s Manipal Education and Medical Group, has received US$100 million from Indian private equity firm India Value Fund Advisors (IVFA). Manipal Hospitals operates 2,000 beds in 15 proprietary hospitals and 2,800 beds in 20 third-party hospitals. The company plans to double the number… Read More
IDFC Alternatives, the alternative investment arm of Indian infrastructure finance company IDFC, has invested INR1 billion (approximately US$18 million) in Manipal Servicecorp Facility Management, a subsidiary of India’s Manipal Education and Medical Group, which builds and manages student accommodations at Indian universities. IDFC invested from its IDFC… Read More
CAG Digital Internet Holdings, an investment vehicle affiliated with global private equity firm The Carlyle Group, has sold a 9 percent stake in Chinese digital cinema equipment and solution provider GDC Technology to Chinese private film production company Huayi Brothers Media Group for US$21 million. In addition… Read More
Private equity-backed Chinese social media platform YY listed an IPO on the NASDAQ Stock Market, issuing 156 million shares and raising approximately US$81.9 million. YY’s IPO was underwritten by private equity firms Morningside Group, GGV Capital and Steamboat Ventures, as well as hedge fund Tiger Global Management. This is… Read More
(default archive template)