The Blackstone Group has agreed to buy a 12.5 percent stake in International Tractors Limited (ITL), an Indian manufacturer of tractors, for up to INR5.2 billion (approximately US$100 million). The investment will be made from the Blackstone Capital Partners (Singapore) VI fund. ITL plans to use the funding to… Read More
Developing World Markets invested US$5.5 million for a majority stake in the company, with a follow-on investment of US$1.5 million. Company Headquarters: Cambodia Business focus: Financial Services impact highlights Through its partnership with DWM, TPC was able to overcome a liquidity challenge linked to the global economic downturn by renegotiating the renewal of… Read More
The Carlyle Group, through its CMP Asia investment vehicle, sold approximately 57 million shares in HDFC, an Indian private sector bank. The share sale, which took place on both the Bombay Stock Exchange and National Stock Exchange, saw Carlyle divest approximately 3.71 percent of HDFC, representing its… Read More
Japanese investment firm The Longreach Group has announced the final close of its second Japan and North Asia-focused fund, Longreach Capital Partners 2, with US$400 million in commitments. The fund will focus on control buyout investments in the industrial and technology, financial services, business services and consumer-related sectors. Read More
Indian private equity investor Fulcrum Venture India has exited its holding in Indian real estate firm Casa Grande, a developer of luxury villas and apartments, by selling its stake to the management of Casa Grande for INR500 million (approximately US$9.6 million). Fulcrum originally invested INR48 million (approximately US$1 million)… Read More
Australian buyout firm CHAMP Private Equity has agreed to purchase a 33.2 percent stake in Miclyn Express Offshore (MIO), a Singapore-based provider of service vessels to the oil and gas industry, from global investment firm Macquarie Capital Group. The transaction, which is expected to take place in October 2012… Read More
Indian alternative asset manager IDFC Alternatives has sold approximately four percent of its stake in Gujarat Pipavav Port (Pipavav), the operator of India’s Port Pipavav, through a share sale on India’s National Stock Exchange. IDFC originally invested in Pipavav, which is also listed on the Bombay Stock Exchange, through… Read More
Asia-focused private equity firm Navis Capital Partners has completed an investment into OPV Pharmaceutical Holdings, a Vietnamese manufacturer of branded generic pharmaceuticals. The majority of Navis’s investment came through the purchase of newly issued shares, which increased the capital base of OPV Pharmaceuticals. Financial details of the transaction were… Read More
U.S.-based medical technology manufacturer Medtronic has agreed to acquire orthopedic device provider China Kanghui Holdings for a net transaction value of US$755 million. China Kanghui Holdings is backed by private equity investors IDG Capital Partners, TDF Capital, CDH Investments and Vivo Ventures, all of which will reportedly sell their… Read More
The Overseas Private Investment Corporation (OPIC) has approved US$135 million in financing for two India-focused investment funds supporting small- and medium-sized enterprises (SMEs) and industrial logistics parks. OPIC approved US$35 million for the BanyanTree Growth Capital II fund, an SME-focused private equity fund managed by India-headquartered BanyanTree Capital Advisors,… Read More
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