Brookfield Asset Management has agreed to buy the telecom towers assets of Reliance Communications for INR110 billion ($1.6 billion).
The GP will manage the assets and related infrastructure through a separate special purpose vehicle, according to a filing, with Reliance receiving 49% of the future economic upside based on certain conditions....
Australia-based turnaround investor Allegro Funds has reached a final close on its third fund at the hard cap of A$290 million ($218 million) as well as raising A$92 million for a sidecar vehicle.
Cathay Capital Private Equity has launched a RMB1.5 billion ($227 million) China automobile sector fund with cornerstone investments from Yangtze River Industry Fund and French auto supplier Valeo.
Eight Roads Japan has led a JPY2.45 billion ($21.6 million) funding round Tokyo-based online media start-up Candee.
Baring Private Equity Asia has finalized an agreement to sell its majority stake in Korean construction materials business Halla Cement to Asia Cement.