Global emerging markets investor Actis has invested in Chinese restaurant chain Bellagio. Bellagio specializes in Taiwanese-style cuisine and currently operates 35 restaurants in mainland China, Macau and the Philippines. Actis’s investment will be used to expand Bellagio’s presence in China’s top-tier and second-tier cities. Financial terms of the transaction… Read More
Global growth private equity firm TA Associates has completed the buyout of SpeedCast, a Hong Kong-based global network and satellite communications provider, from Asia Satellite Telecommunications. Speedcast provides very small aperture terminal satellite-based broadband access services, managed networking solutions and value-added services to customers in over 30 countries in… Read More
Asia-focused private equity firm Navis Capital Partners has announced the acquisition of BIG Cinemas, a Malaysian operator of movie theaters, from Indian entertainment company Reliance MediaWorks. Navis merged BIG Cinemas with MBO Cinemas, a company it acquired in April 2012, to form a cinema chain operating 165 screens across… Read More
LeapFrog Investments, a U.S.-based impact investment firm focused on insurance and related financial services, has announced a strategic partnership with Mahindra Insurance Brokers (MIBL), a wholly owned subsidiary of Indian finance group Mahindra & Mahindra Financial Services. Under the terms of the partnership, LeapFrog has invested approximately US$15 million… Read More
Chinese e-commerce company Alibaba Group Holding has announced the completion of its initial US$7.6 billion share repurchase from Yahoo!. Yahoo! received US$6.3 billion in cash, US$800 million worth of preferential shares in Alibaba and US$550 million in connection with the amendment to their intellectual property and technology agreement in… Read More
IDFC Private Equity, the private equity arm of Indian alternative asset manager IDFC Alternatives, has invested INR1.55 billion (approximately US$28.8 million) in Indian milk producer Parag Milk Foods through IDFC Private Equity Fund III. Existing investor Motilal Oswal Private Equity, the private equity arm of Indian financial… Read More
Global emerging markets private equity firm Citi Venture Capital International (CVCI Private Equity) has exited its stake in Chinfon Vietnam, a Vietnamese cement manufacturer. CVCI sold its stake, which it originally acquired in 2008, through a strategic sale to an undisclosed investor, reportedly generating a return multiple… Read More
Asia-focused alternative investments manager PAG has reach a final close at US$2.4 billion for its debut private equity fund, PAG Asia I. The fund will focus on buyout investments throughout Asia with a focus on China. Over 90 percent of the limited partners in the fund are reportedly large… Read More
Frontier markets-focused investment management firm Silk Road has announced the first close of its Myanmar-focused fund, Myanmar Human Capital Fund, with US$25 million in commitments. Investors in the fund include family offices and high net worth individuals from Mongolia, Russia and the Caspian region. The fund will invest in… Read More
CLSA Capital Partners, the alternative asset management arm of CLSA Asia-Pacific Markets, has invested US$15 million in India’s Earth Water Group, a water and wastewater management company. Earth Water Group intends to use the funding to invest in technology, strengthen existing initiatives and acquire new businesses. Read More
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