Fairfax India Holdings has agreed to invest INR2 billion ($30 million) for a 51% stake in domestic logistics company Saurashtra Freight.
According to a statement, the capital will also be applied to an expansion effort across all of India’s major ports and for penetrating new verticals. The acquisition from parent company Saurashtra Infra...
Morningside Venture Capital, a China-focused early-stage VC firm that used to manage only US dollar-denominated funds, has closed its first renminbi vehicle at RMB1 billion ($143 million).
TPG Capital has agreed to acquire a controlling position in Vietnam Australia International School (VAS), facilitating an exit for existing backers Mekong Capital and Denmark-based MAJ Invest.
Apax Partners has agreed to invest $388 million in Guotai Junan Securities as the largest cornerstone investor in the Chinese brokerage’s HK$16.5 billion ($2.1 billion) Hong Kong IPO.
Consumer-focused GP ClearVue Partners has led a RMB200 million ($30 million) Series B round of funding for I Believe, a Chinese convenience store operator.