Asian private equity fund-of-funds Asia Alternatives has announced the final close of over US$1.5 billion in commitments across several funds. The largest fund to close was Asia Alternatives Capital Partners III (AACP III), which closed at US$908 million, above its US$800 million target. The other fund vehicles closed with… Read More
Indonesia-focused private equity firm Capsquare Asia Partners has achieved a first close on its debut fund. The fund, targeting US$75 million in total commitments, has reportedly raised three-quarters of that amount. Capsquare is focusing on consumer-driven sectors such as consumer goods, retail, education and healthcare. The firm plans to… Read More
We were delighted with the warm reception the EMPEA Legal and Regulatory Guidelines received on their recent release. The EMPEA Guidelines are a pioneering reference for policymakers and regulators wishing to understand the elements of legal and tax regimes most critical to the development of private equity in developed and… Read More
The notification of the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) on May 21, 2012, marked a watershed moment for the Indian private capital industry. A story that began in the mid 1980’s by Indian financial institutions like ICICI and IFCI has now culminated into a 200–300 fund-strong… Read More
Asia-focused private equity firm SAIF Partners has invested INR400 million (approximately US$7.2 million) into TMA Hospitality Services, which manages fast food restaurant chain Ammi’s Biryani. SAIF Partners recently established a separate INR1 billion (approximately US$18 million) investment vehicle, Zooropa Foods, to finance and manage a chain of quick service… Read More
L Capital Asia, through its Indian subsidiary L Capital Eco, will invest a total of INR1.08 billion (approximately US$19 million) in Indian cinema operator PVR. L Capital will invest INR577 million for a direct 10 percent stake in PVR, as well as INR501 million to establish a joint venture… Read More
Genpact, a global business process outsourcing and technology services firm, announced that affiliates of Bain Capital have agreed to acquire 68 million common shares in the firm, representing approximately 30 percent of outstanding shares, from entities affiliated with General Atlantic (GA) and Oak Hill Capital Partners for approximately US$1… Read More
Standard Chartered Private Equity (SCPE) has reportedly invested US$40 million in Sri Lankan home appliance and electronics retailer Abans. Carrying global brands including LG, Toshiba, Mitsubishi Electric, Haier, Whirlpool, Sanyo, Sharpe, Philips, Apple and HP, Abans currently operates 400 showrooms across Sri Lanka. The company will use the capital… Read More
The Philippines Government Service Insurance System (GSIS) has partnered with the Asian Development Bank (ADB), Macquarie Infrastructure and Real Assets (MIRA) and Dutch pension fund asset manager APG Asset Management to launch a US$625 million fund dedicated to infrastructure investment in the Philippines. The Philippine Investment Alliance… Read More
Global private equity firm Warburg Pincus has invested US$55 million in China-based maternity, infant and children specialty retailer Kidswant, which will use the capital to increase its store counts and expand its geographical coverage. The Kidswant transaction represents Warburg Pincus’s second recent deal in China, following a… Read More
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