Vietnam-focused private equity firm Mekong Capital has announced its exit from Nam Hoa Production & Trading Corporation, a Vietnamese manufacturer of wooden toys. Mekong Capital originally invested in Nam Hoa in June 2004, through its debut fund the Mekong Enterprise Fund. This is Mekong Capital’s eighth exit from the… Read More
Emerging markets-focused private equity investor Actis has reportedly acquired a 10.8 percent stake in Sri Lanka’s Asiri Central Hospitals for LKR604 million (approximately US$4.5 million). Actis purchased 2.4 million shares in the company, which is listed on the Colombo Stock Exchange, from Softlogic Holdings, Commercial Bank of… Read More
India-focused private equity firm India Equity Partners (IEP) is reportedly acquiring a majority stake in Indian dental clinic chain Axiss Dental. Founded in 2007, Axiss Dental operates 17 dental clinics in India’s Delhi and National Capital Region. The investment size was not disclosed, but India Equity Partners… Read More
U.S.-based venture capital firm GGV Capital has reportedly closed its fourth fund with US$625 million in commitments. The fund has a dual structure comprising of a US$520 million U.S. dollar vehicle and a RMB650 million (approximately US$105 million) local currency vehicle. The U.S. dollar fund will invest in both… Read More
Kohlberg Kravis Roberts & Co. (KKR) has announced a US$30 million investment into Chinese fashion apparel retailer Novo Holdco through the KKR China Growth Fund, a China-focused private equity fund. Novo Holdco manages 11 proprietary retail stores within China and operates a franchise of over 80 stores under the… Read More
North Asia-focused private equity firm MBK Partners has reportedly purchased a 31 percent stake in Woongjin Coway, the water purification business of South Korean conglomerate Woongjin Holdings, for KRW1.2 trillion (approximately US$1.1 billion). The acquisition took place through a PIPE transaction in which MBK paid KRW50,000 (approximately US$44.14) per… Read More
The Carlyle Group has announced the acquisition of a 13.5 percent stake in Chinese preventative healthcare provider Meinian Onehealth Healthcare. The investment was made through Beijing Carlyle Investment Centre, Carlyle’s RMB-denominated fund that was established in cooperation with the Beijing Municipal Government. Financial terms of the transaction were not… Read More
An Indian operator of surgical care and fertility clinics, Nova Medical Centers, has announced the investment of INR3 billion (approximately US$54 million) by global investment bank and securities firm Goldman Sachs and U.S.-based venture capital investor New Enterprise Associates (NEA). Under the terms of the transaction, Goldman Sachs will… Read More
India-based private equity fund manager IL&FS Investment Managers Limited (IIML) has invested INR1.2 billion (approximately US$21.8 million) in City Corporation, an Indian real estate developer. The capital will be used to finance the construction of a residential project, Futura Towers. The project is reportedly valued at INR2.5… Read More
Global private equity firm Warburg Pincus has reportedly invested in Chinese medical materials manufacturer Bone Medical Devices. Bone Medical Devices specializes in the research, development, production and sale of orthopedic implants. Financial details of the transaction were not disclosed. Read More
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