Malaysia-based private equity firm Navis Capital Partners has announced the sale of Indonesia-based PT Efficient English Services (EES) to global publishing and education company Pearson. EES manages the Indonesian operations of the Wall Street Institute, a global English-language education service. Navis established the Wall Street Institute business as a… Read More
India-based private equity fund manager BanyanTree Finance has raised US$100 million at first close for its second private equity fund, BanyanTree Growth Capital II. The fund, targeting US$175 million in total commitments, will invest in middle-market companies in manufacturing and niche industrial sectors. BanyanTree Growth Capital II received commitments… Read More
Chinese venture capital firm WI Harper Group has announced the completion of a Series B round of venture capital funding for AdMaster, a China-based advertising analytics company. China-based technology-focused venture capital firm GSR Ventures also participated in the financing round. While financial terms of the transaction were not disclosed,… Read More
India-based private equity firm Ambit Pragma has purchased a 74 percent stake in Mehta Frozen Foods Carrier, a subsidiary of India’s MRL Group that specializes in the transportation of perishable frozen food products. The investment was made through Ambit Pragma Fund II, which held a first close at US$77… Read More
Global private equity firms CVC Capital Partners and Standard Chartered Private Equity Limited (SCPEL) have announced the sale of Hong Kong-based fastener manufacturer Infastech to Stanley Black & Decker, a global diversified industrial company. The transaction, which is valued at US$850 million, is pending regulatory approval. CVC and SCPEL… Read More
The Carlyle Group has sold shares of China Pacific Insurance Company (CPIC), equivalent to a 9.6 percent stake, for HKD5.64 billion (approximately US$727.9 million) through an open market transaction on the Hong Kong Stock Exchange. The shares were owned by Carlyle Asia Partners (CAP), The Carlyle Group’s… Read More
Asia-focused credit and special situations investment firm Clearwater Capital has announced the final close of Clearwater Capital Partners IV with US$575 million in total commitments. Clearwater raised capital from a variety of investors including corporate and state pension plans, fund of funds, endowments, foundations and family offices in the… Read More
Legend Capital, the venture capital arm of China-based investment group Legend Holdings, has invested RMB100 million (approximately US$15.8 million) in cosmetic retailer Yesa Cosmetic Group. Yesa, which carries five in-house cosmetic lines, as well as global brands, currently has 70 stores across China with plans to reach 300 by… Read More
Malaysia-based private equity firm Navis Capital Partners has sold its 100 percent stake in Indian restaurant chain Nirula’s Corner House through a strategic sale to A2Z Excursions, an India-based hotel, travel and real estate group, for an undisclosed amount. Navis Capital Partners purchased a controlling stake in… Read More
Despite the shadows cast by Europe’s economic troubles and concerns of slowing economic growth in many emerging markets, most of the 875 participants attending the 14th Annual Global Private Equity Conference, co-hosted by EMPEA and IFC, were upbeat as they shared strategies and ideas on how to prevail as… Read More
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