Warburg Pincus has sold a 25% stake in India-listed non-banking financial company (NBFC) Capital First to a group of buyers including Singapore sovereign wealth fund GIC Private.
Market data indicates that Warburg Pincus sold its 24.3 million shares for INR727.35 each, giving it proceeds of INR17.7 billion ($274 million), while GIC paid INR725 each for its 8.7 million shares, or...
Team turnover remains a key concern for LPs making commitments to Chinese private equity firms, but even the most stable of GPs must demonstrate an ability to evolve in response to a fast-changing environment, investors caution.
Redpoint China Ventures has closed its debut renminbi-denominated VC fund at RMB700 million ($110 million).
India’s National Investment & Infrastructure Fund has acquired a controlling stake in PE-backed logistics player Continental Warehousing Corporation (CWCNSL) in a joint deal with Dubai-based port operator DP World.
HarbourVest Partners has closed its latest fund-of-funds targeting European and Asian markets with $1.7 billion in commitments.