There is always a danger that private equity investors will fall in love with certain portfolio companies and never want to exit. Navis Capital Partners came close with Trimco International Holdings. The Malaysia-based PE player took a controlling stake in the garment label manufacturer in 2005 and came to see it as a consistent, cash generative operation that expanded seamlessly into new markets.
"At some point you have to ask whether you have the chance to monetize the business in a way that is fair and equitable," says Rodney Muse, Navis' co-managing director. "We harvested all the low-hanging...
The Everstone Group has bought a majority stake in Indian pharmaceutical developer Rubicon Research for INR2.2 billion ($32.9 million), providing an exit for Kotak Private Equity.
US-based retailer Walmart has made a $50 million strategic investment in New Dada, a Chinese online grocery and delivery platform part-owned by JD.com.
Asia Pacific Medical Group (APMG), a medical platform owned by Bain Capital, has agreed to sell Singapore and Malaysia-based plastic surgery brand The Sloane Clinic to China Medical (International) Group (CMIG).
Neobear, a China-based company that develops interactive learning tools for children, has raised a RMB250 million ($37 million) Series B round of funding led by Chinese GP New Horizon Capital.