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
The Carlyle Group and Indian private equity firm Multiples Alternate Asset Management have acquired shares in the qualified institutional placement of publicly-listed South Indian Bank. The placement, which raised INR4.43 billion (approximately US$82.3 million), saw the participation of eight investors, including Carlyle and Multiples. Carlyle invested through… Read More
Kaizen Private Equity, an Indian private equity firm focused on the education sector, has invested INR250 million (approximately US$4.5 million) in Altus Learning, an Indian company that specializes in school management. Altus, which currently manages seven greenfield schools and nine preschools, plans to use the funding to expand into… Read More
Singapore-based private equity firm RRJ Capital has reportedly invested US$50 million in Triplex International Biosciences, a Chinese manufacturer of pharmaceutical products. Triplex manufactures products that can detect Hepatitis B and C, as well as certain cancers from blood and tissue samples. RRJ Capital is reportedly raising its second Asia-focused… Read More
Indian venture capital firm Nexus Venture Partners has announced the closing of its third fund with US$270 million in commitments. The firm reported that Nexus III closed six months ago and includes endowments, foundations and financial institutions among its investors. The fund will follow the investment pattern of its… Read More
(default archive template)