Articles by Anita Davis
SAIF invests $21.6 million for minority stake in Catmoss Retail
SAIF Partners has infused INR100 crore ($21.6 million) into Indian children’s clothing chain Catmoss Retail, taking a significant minority stake in the company worth an estimated INR500 crore ($106.9 million), according to local reports.
Subhkam invests in Nicheken Technologies
Subhkam Ventures’ debut India-focused fund, Subhkam Growth Fund I, has reportedly invested an undisclosed amount in electronics and telecommunications training firm Nicheken Technologies as part of the company’s first institutional round of funding.
Credit Suisse's Achuthan to launch India-focused PE firm
A Credit Suisse Asset Management former Director at the bank's alternative investments unit, Hari Achuthan, has reportedly departed the bank in order to set up a private equity company with aspirations to be the largest India-focused firm in the market....
Suzlon may sell 25% stake in REpower to PE players
Top Indian wind-power firm Suzlon Energy is reportedly in talks with private equity players including TPG Capital to sell a 25% stake in its REpower subsidiary in a deal that could fetch $500 million.
O'Melveny & Myers LLP hires Invesetment Funds Counsel
O’Melveny & Myers LLP has appointed Xuan Zhang as Counsel to its Investment Funds practice in the firm’s Beijing office, charged with managing business surrounding funds that target China and the region, dual fund structures and RMB funds.
PE investors eye 10% stake in NICE toll way
India's Nandi Infrastructure Corridor Enterprises (NICE), a subsidiary of BF Utilities, is looking to sell a 10% stake in the first phase of its marquee project, the 164 km tollway between Bangalore and Mysore, to private equity investors for $100 million,...
3i may invest $200 million in India's GVK
3i may invest up to $200 million into Indian infrastructure giant GVK Group as part of the company’s efforts to raise $250 million, with Actis potentially fronting the remaining capital to fulfill GVK’s target, local media reports.
VenturEast takes minority stake in Orion Edutech
VenturEast has reportedly picked up a significant minority stake in BPO training company Orion Edutech, which is allocating the stake as part of a first round of funding that will be used to expand its operations in both India and overseas.
KKR eyes Honda's stake in Hero Honda - reports
KKR has approached Honda Motors to buy the 6% stake in its Hero Honda subsidiary it is looking to sell, Indian media has reported.
Microfinance firm Basix seeks $64 million from PE investors
India-focused Microfinance player Basix is reportedly set to approach private equity investors in an effort to raise as much as IND300 crore ($64 million) later this year, the largest target it has set out of its three previous rounds of financing.
Net4 India gets $1.7 million from Quilvest Group
Luxembourg Stock Exchange-listed PE firm Quilvest Group has infused INR8 crore ($1.7 million) in Net4 India Limited, a network and application services provider.
Pacific Capital Partners makes first exit first from Pacific Island-focused fund
Pacific Capital Partners has sold its 49% stake in Heli Niugini Ltd, a Papua New Guinean helicopter operating service - the first exit from its Kula Fund private equity vehicle, exclusively allocated to investments in the Pacific Islands.
Inno Group refocuses Indian investments into in-house projects
Real estate and infrastructure-focused private equity firm Inno Group has shifted its investment strategy in India away from third-party investment in favor of its own development projects in the market in an effort to corral its risks.
Olive Telecom to raise funding from PE investors
Indian mobile handset and netbook manufacturer Olive Telecom has reportedly turned to private equity investors to raise capital for a large-scale expansion push.
New York Pacific Capital to raise RMB1 billion fund
US merchant banking player New York Pacific Capital is to raise an RMB1 billion ($147.6 million) private equity fund based out of Beijing, focused on investments into high-growth PRC companies across the healthcare, clean tech, education, culture and...
Actis-backed Tema India seeks $32.4 million in PE funding
Tema India Pvt Ltd, a manufacturer of high-pressure heat exchangers, has reportedly approached private equity investors to raise INR150 crore ($32.4 million) in growth capital, in a move that suggests that five-year-long backer Actis may be exploring...
ICICI considers Bharat Biotech exit - reports
ICICI Venture is reportedly looking to exit its 11% stake in Bharat Biotech through various options, including a secondary transaction or a sellout, as the firm aims to divest from many of its healthcare commitments.
Buchang Pharma gets $5 million from Navi Capital
Navi Capital reportedly invested $5 million in Shandong Buchang Pharmaceutical Co., Ltd. as part of a capital-raising process that included both foreign and domestic investors.
PE-backed Ambow Education opens on NYSE below target
Ambow Education Group – the Chinese education and career development service provider backed by Actis, CStar Investment, EdVenture, JAFCO Asia Technology Fund and Macquarie - has launched on the NYSE, raising a reported $107 million, coming in below its...
PEP to postpone Hoyts float - reports
PE firm Pacific Equity Partners (PEP) is set to delay the IPO of its investee, Australian cinema group Hoyts, until next year in hopes of more stable market conditions, according to local reports.
Sohu sells search engine Sogou stake to Alibaba, funds
China’s top e-commerce player Alibaba Group is to take a 16% stake in Sohu.com Inc.’s online search business Sogou as part of a deal that sees Alibaba and its Chairman Jack Ma, through a separate fund, buy preferred shares, while Sohu’s Chairman Charles...
Temasek may co-invest with HDFC in India's Embassy Property
Singaporean SWF Temasek Holdings, with HDFC Property Ventures, is reportedly in talks with Bangalore-based real estate company Embassy Property Developments Ltd. over a possible $100 million investment deal, coming ahead of Embassy’s anticipated IPO next...
Dhanuka Agritech to get $7.4 million from Lighthouse Funds
Lighthouse Funds is reportedly set to invest INR34 crore ($7.4 million) into publicly-listed Dhanuka Agritech, a producer of agricultural fertilizers, chemicals and seeds.
Ascent Capital exits 10% stake in Ambika Cotton Mills
VC firm Ascent Capital Advisors India has sold its 10% stake in Ambika Cotton Mills, five years after it paid INR16.2 crore ($3.5 million) for its position.