“Do you know a company called [name redacted]?” the colleague asked on the phone. “Yes,” I replied. I had been familiar with the firm and its business model for several years. It is a relatively small outfit based in Shanghai, not widely known and not particularly relevant to private equity. So what about it?
"Well," the colleague continued, "they want to raise a renminbi fund to invest in SMEs." I wasn't particularly surprised - it seems that everyone in China has sought to leverage slivers of proprietary...
AGIC Capital has acquired 100% of Slovenia-based medical equipment supplier Fotona as part of a plan to expand operations in Asia with an emphasis on China. The deal will facilitate an exit for US private equity firm The Gores Group.
Samara Capital Partners has acquired Indian facilities management company Sanjay Maintenance Services (SMS) for about $20 million.
Sailing Capital has provided $60 million in Series C funding to artificial intelligence (AI) and deep learning technology start-up Sense Time, less than six months after the Beijing-based company announced its previous round.
South and Southeast Asia-focused mid-market GP Creador has fully exited its investment in Indian tile maker Somany Ceramics for INR3.26 billion ($50.4 million).