New York and Mumbai-based private equity firm Kubera Partners has agreed to sell its 28% stake in India’s Planetcast Media Services through a secondary transaction with an undisclosed PE buyer.
Kubera, which focuses on US-India cross-border plays, will receive about INR1.5 billion ($22.5 million) for the sale, net of transaction costs. According to a statement, the carrying value of the Kubera...
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.