Articles by Holden Mann
CDC-backed India renewables platform raises $330m
Ayana Renewable Power, an Indian renewable energy platform managed by CDC Group, has raised $330 million from its parent, along with new investors the National Investment and Infrastructure Fund of India (NIIF) and EverSource Capital.
Convergent Finance buys stake in Hindustan Foods
Convergent Finance, a private equity firm founded by former Fairfax India head Harsha Raghavan, has led a INR1.5 billion ($21.6 million) investment in contract consumer goods manufacturer Hindustan Foods.
India's True North acquires Max Bupa for $72m
True North has acquired a 51% stake in Max Bupa Health Insurance, a joint venture between multinational insurance giant Bupa Group and Indian conglomerate Max India, for INR5.1 billion ($72 million).
Australia's Quadrant plans $215m growth fund
Quadrant Private Equity is planning to raise a A$300 million ($215 million) fund focused on growth equity investments in small and medium-sized enterprises in Australia.
Canada's OMERS makes first India infrastructure investment
Ontario Municipal Employees Retirement System (OMERS) has made its first investment in India’s infrastructure sector, buying a 22% stake in infrastructure investment trust IndInfravit Trust for INR8.7 billion ($122 million).
Deal focus: Zilingo builds full-service fashion platform
Zilingo has secured $226 million in Series D funding to take its end-to-end online retail service to more small-scale fashion merchants across Southeast Asia
Tiger leads $50m round for China shared kitchen provider
Tiger Global has led a $50 million Series C round for Panda Selected, a Chinese provider of shared kitchen services for food delivery start-ups.
Flipkart co-founder invests $91m in India’s Ola
Sachin Bansal, a co-founder of Indian e-commerce giant Flipkart, has invested INR6.5 billion ($91 million) in ride-hailing platform Ola.
PE-backed Jinxin Fertility files for HK IPO
Jinxin Fertility, the assisted reproduction services division of China’s Jinxin Group that is backed by several private equity investors, has filed for an IPO in Hong Kong.
Singapore to invest $74m in local start-ups
Singapore’s government plans to invest S$100 million ($74 million) in Singapore-based start-ups and small and medium-sized enterprises (SMEs) in 2019, along with other measures aimed at promoting local businesses.
Novo Tellus buys stake in data center equipment supplier
Novo Tellus Capital Partners has invested S$12 million ($8.8 million) in Procurri, a Singapore-listed provider of IT services and data center equipment.
Fund focus: Emphasizing the partnership approach
Having raised $250 million for its third India healthcare fund, Invascent Capital plans to take advantage of a greater willingness among entrepreneurs to work with financial investors
Advantage buys Vietnam's Elise Fashion
Advantage Partners has made its first acquisition in Vietnam, buying women’s fashion brand Elise Fashion for an undisclosed amount.
Didi invests $100m in India's Oyo to close Series E round
Chinese ride-hailing app operator Didi Chuxing has invested $100 million in India-based online hospitality platform Oyo to close its $1 billion Series E round announced last year.
GP profile: ChrysCapital Partners
Over the last 20 years ChrysCapital Partners has become one of India’s most prominent private equity firms. The GP cites an internal culture of free and open discussion as the key to its sustained success
Temasek invests $38m in India eye hospital chain
Singapore’s Temasek Holdings has invested INR 2.7 billion ($38.1 million) in India's Dr. Agarwal’s Healthcare to support the expansion of its publicly listed eyecare chain Dr. Agarwal’s Eye Hospital.
CDC makes debut Nepal investment
UK government-backed development finance institution (DFI) CDC Group has made its first direct investment in Nepal via a $15 million commitment to NMB Bank.
I Squared platform acquires India toll road assets
Cube Highways and Infrastructure, the India toll road and transportation investment platform of I Squared Capital, has agreed to acquire two toll road assets owned by Indian infrastructure developer KNR Constructions for INR1.9 billion ($26.7 million).
Deal focus: Investcorp takes the plunge into India
With the acquisition of IDFC Alternatives' private equity and real estate businesses, Investcorp secured a ready-made India investment platform
Allianz invests $200m in Edelweiss India private debt platform
Allianz Investment Management, a unit of insurance giant Allianz Group, has invested over $200 million in a private debt platform managed by Edelweiss Alternative Asset Advisors, the alternative investment arm of India’s Edelweiss Group.
KKR makes second Asia impact investment
KKR has made the second investment from its global impact fund in Asia, participating in the previously-announced acquisition of Indian environmental services provider Ramky Enviro Engineers (REEL).
IDG, Lilly join $10m round for China’s EdiGene
IDG Capital and Lilly Asia Ventures (LAV) have joined a $10 million investment in EdiGene, a developer of genetics-based therapies based in Beijing.
TPG Growth invests $30m in Indian pharma player
TPG Growth, the mid-market investment platform of TPG Capital, has invested $30 million in Indian pharmaceutical ingredient maker Solara Active Pharma.
Blackstone buys India's Aadhar Housing Finance
The Blackstone Group has agreed to buy Indian affordable housing lender Aadhar Housing Finance for a reported INR27 billion ($378 million).