In October 2011, KKR invested US$113.8 million in convertible bonds, representing 38% of share capital if fully converted. Company Headquarters: China Business focus: Construction and operation of water and wastewater treatment facilities Revenue: SGD85.3 million; EBITDA of SGD21.2 million (FY 2012) Impact Highlights By providing growth capital and operational improvements,… Read More
Blue River Capital, an Indian private equity firm, has completely exited from its investment in India’s City Union Bank. Blue River first invested in City Union Bank in 2007 as part of a consortium that included Dutch development finance institution FMO and U.S.-based venture capital firm Argonaut… Read More
CyberAgent Ventures, the venture capital arm of Japanese internet company CyberAgent, has invested in Vietnamese online restaurant review search engine Foody. Launched in August 2012, Foody has compiled information on over 10,000 restaurants and posted 5,000 user reviews. CyberAgent invested from its Southeast Asia-focused venture capital fund CA Asia… Read More
Matrix Partners India, the Indian affiliate of U.S.-based investment firm Matrix Partners, has acquired a minority stake in India’s Mewar Orthopaedic Hospitals, which provides surgical orthopedic care from hospitals in three Indian states: Rajasthan, Gujarat and Madhya Pradesh. The company plans to open a 100-bed center of excellence which… Read More
Indonesian private equity firm Northstar Pacific Capital will acquire a 50.05 percent stake in Singaporean telecommunications company Nera Telecommunications. Northstar’s newly incorporated unit, Asia Systems, will purchase the stake from Norwegian electronics and energy company Eltek for SGD89 million (approximately US$72.5 million). Northstar reportedly intends to make offers to… Read More
Indian private equity firm Peepul Capital has invested in Indian herbal cosmetics manufacturer Vishal Personal Care, which manufactures over 80 skin and hair care products under the brand Banjara’s. Peepul invested the capital from its US$320 million Peepul Capital III fund, which it raised in 2010. Financial details of… Read More
Chinese investment firm Fosun Group has acquired a 20 percent stake in Taiwanese bakery Taiwan Vigor Kobo. Vigor Kobo integrates the tourism and food sectors, producing cakes that visitors from mainland China can take with them as souvenirs after visits to Taiwan. Through the investment, Fosun will support Vigor… Read More
Chinese private equity firm FountainVest Partners has closed its second China-focused fund with US$1.35 billion in commitments. FountainVest was reportedly able to raise the fund, FountainVest China Growth Capital Fund II, in eight months. The fund is larger than its US$950 million predecessor. FountainVest plans to invest between US$50… Read More
SSG Capital Management, an Asia-focused special situations investor, has closed its second special situations fund, SSG Capital Partners II, at its hard-cap of US$400 million. The fund, which was originally targeting US$300 million in commitments, held a first close at US$100 million in February and attracted investors primarily from… Read More
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