Permira in US$870 Million Macau Casino Exit (Asia)

European private equity firm Permira has agreed to sell its remaining 5.9 percent stake in Chinese casino operator Galaxy Entertainment Holdings for US$870 million. The firm had previously sold parts of its stake Galaxy Entertainment in August 2011 for US$613 million and September 2012 for US$755 million. Following the… Read More

Warburg Pincus Increases Stake in Capital First to 68.4 Percent (Asia)

Warburg Pincus has invested INR2.7 billion (approximately US$49.7 million) in Indian financial services company Capital First, formerly Future Capital, for an additional 24.43 percent stake, raising its total stake in the company to 68.4 percent. The investment took place through a share purchase on the Bombay Stock… Read More

Warburg Pincus Makes US$54 Million on Greentown China Exit (Asia)

Global private equity firm Warburg Pincus has fully exited its investment in Greentown China, a Chinese residential property developer. Warburg reportedly sold shares amounting to a 4.86 percent stake in Greentown China on the public market for approximately US$54 million. Previously, Warburg partially exited the company through… Read More

Impact Case Study: TenGer Financial

Ronoc became a shareholder in TenGer Financial in 2008, and as of 2011, Ronoc holds 9.5% of share capital in the company. Company Headquarters: Mongolia Business focus: Financial services holding company IMPACT HIGHLIGHTS Ronoc’s team drew on their experience managing financial institutions in Eastern Europe and Russia to develop TenGer’s strategic vision, risk… Read More

Vivo Ventures Leads Financing for Shanghai Jingfeng Pharmaceutical (Asia)

U.S.-based venture capital firm Vivo Ventures has invested RMB190 million (approximately US$30 million) in Chinese pharmaceuticals company Shanghai Jingfeng Pharmaceutical. Vivo Ventures closed its seventh healthcare-focused fund at US$375 million in 2011 and plans to devote 45 percent of the fund’s capital to Chinese investments. Read More

Dymon Asia Private Equity Holds First Close (Asia)

Dymon Asia Capital, a Singapore-based alternative investor, has held a first close on its Southeast Asia-focused private equity fund, Dymon Asia Private Equity, at SGD203 million (approximately US$165 million). The fund will invest in small- and medium-sized enterprises in Singapore and other Southeast Asian countries and is targeting SGD300… Read More

Huaxia Dairy Raises US$50 Million of Additional Capital (Asia)

Asia-focused private equity firm Olympus Capital Holdings Asia has led an investment round of US$50 million in China’s Huaxia Dairy Farm, a producer of milk and dairy products. Additional investors in the round includedCalifornia Technology Ventures, Grand River Capital and Herostar Holdings.  Olympus Capital previously led a US$45 million… Read More

KV Asia Reaches US$100 Million First Close (Asia)

Singapore-based private equity firm KV Asia Capital has reached a first close on its first fund, which will focus on growth capital and early stage deals in Indonesia, Malaysia, Thailand, the Philippines and Vietnam. Commitments for the first close were reportedly greater than US$100 million, with the fund targeting… Read More

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