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
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
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