The Netherlands Development Finance Company (FMO) and SBI Holdings (SBIH), a Japanese financial services group, have agreed to form a new fund targeting financial sector investments in the emerging markets of Asia. The fund, to be managed by SBI Ven Capital, SBIH’s Singapore-based venture capital division, is targeting up… Read More
Fidelity Growth Partners Asia, the venture capital and private equity arm of Fidelity focused on investing in Greater China, has led an investment of roughly US$50 million in Pod Inns, a Hangzhou-based budget hotel chain. China-based venture capital investors Legend Capital and Jianxin Capital, U.S.-based Morgan Creek… Read More
Global emerging markets private equity investor CVCI Private Equity has acquired 30 percent of Wuttisak Clinic Inter Group, a Thailand-based provider of health and beauty services, in partnership with local private equity manager Thai Strategic Capital. Wuttisak has over 100 clinics in Thailand and plans to expand… Read More
First Carlyle Ventures, an Asia-focused growth capital affiliate of The Carlyle Group, has bought 22.6 million shares of South Indian Bank, representing a 2 percent stake in the company, on the Bombay Stock Exchange at a price of INR26.5 per share, resulting in a total investment of… Read More
Fortune Venture Capital, a China-based venture capital firm, has invested RMB100 million (US$15.8 million) in Aiyaya, a local women’s accessories manufacturer and retailer. Aiyaya plans to use the financing to expand e-commerce and logistics operations, with the goal of a public listing in 2013. Read More
South and Southeast Asia-focused private equity investor Navis Capital Partners is now the sole owner of India-based fast food chain Nirula’s following the acquisition of co-owner Samir Kuckreja’s remaining stake in the company, which was estimated to be around 10 percent. Navis paid INR900 million (roughly US$19.7… Read More
Serendipity Infolabs, the India-based operator of online taxi reservation service TaxiForSure.com, has raised venture capital funding from global venture capital investor Accel Partners and India-based firms Helion Venture Partners and Blume Ventures. TaxiForSure, which caters to business travelers, is currently available in Bangalore and plans to soon expand to… Read More
Quikr, an Indian internet and mobile classifieds platform, has raised US$32 million in a financing round led by Warburg Pincus, a global private equity investor specializing in growth investments. Existing investors Matrix Partners India, Norwest Venture Partners and eBay also participated. Quikr will use the new capital… Read More
Drawing on input collected from over 100 Asian private equity funds that were actively fundraising during 2011, the Asia Pacific Private Equity 2011 Fund Terms Survey, conducted by Squadron Capital in association with EMPEA, provides a snapshot of current industry practice around management fees, preferential terms, distribution waterfalls, no-fault… Read More
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