Private equity has invested more than $100 million in India’s food service industry in the first half of 2011, the Franchise India and Federation of Indian Chamber of Commerce and Industry announced.
The Food Franchising Report 2011 found that pivate equity has a notable appetite for fast-food and mid-range restaurants, including venues that serve up burgers and pizzas, as well as specialty restaurants....
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.