US private equity firm Milestone Partners has exited its controlling stake in Sweden and US-based industrial equipment company Quintus Technologies to Japan’s Kobe Steel.
According to a release, the transaction was worth $115 million. Milestone acquired the company in April 2009 via its $240 million Milestone III fund, which made buyout and recapitalization investments...
Australian superannuation fund Hostplus has committed $50 million to a China-focused VC fund launched by Australian seed investor Artesian. The fund is targeting up to $200 million.
Yatra Online, an Indian travel services provider listed on NASDAQ, has raised INR1 billion ($15.4 million) in debt funding from InnoVen Capital.
Steven Okun, until recently KKR’s director of public affairs for Asia Pacific, has been appointed ASEAN representative for EMPEA, a global industry association for private capital in emerging markets.
East Ventures has launched a $30 million Southeast Asia fund that will make seed to Series A investments in technology start-ups, with an emphasis on Indonesia.