Articles by Holden Mann
Australia's Healthscope agrees $3.17b Brookfield bid
Australia-listed hospital operator Healthscope has agreed to a take-private offer by Brookfield Asset Management that values the company at A$4.38 billion ($3.17 billion) on an equity basis, rejecting a competing offer from a consortium led by BGH Capital.
Invascent closes India healthcare fund at $250m hard cap - update
Invascent Capital, an Indian healthcare-focused GP, has closed its third vehicle at the hard cap of $250 million.
Eight Roads leads $6.3m round for India pharma player
Ashish Life Science, an Indian producer of generic pharmaceuticals for the international veterinary market, has raised a INR450 million ($6.3 million) Series A round led by Eight Roads Ventures India.
Portfolio: QIC and North Australian Pastoral
Addressing Chinese demand was central to QIC’s acquisition of cattle breeder North Australian Pastoral, but the company has repositioned itself in response to changing patterns of consumption in global beef markets
Investcorp acquires PE business of India's IDFC
Bahrain-listed asset management firm Investcorp has made its first direct investment in India, acquiring the private equity and real estate investment businesses of IDFC Alternatives, the alternative asset investment arm of IDFC Group.
India's Quantum launches $1b ESG fund
Indian asset management and equity research firm Quantum Advisors has launched a $1 billion investment fund that will take a PE-style approach to driving environmental, social, and governance (ESG) improvements in listed companies.
Accel-KKR invests $16m in Australia's Humanforce
Accel-KKR, a US-based private equity firm created by Accel Partners and KKR, has invested A$22.5 million ($16.1 million) in Australian workforce management solutions provider Humanforce.
Advent buys majority stake in US, China-based BioDuro
Advent International has acquired a majority stake in BioDuro, a pharmaceutical contract research and development organization (CRO) with operations in the US and China, from the Bridgewest Group conglomerate.
Hong Kong's Integrated leads $10m round for India's Rapido
Hong Kong-based investment firm Integrated Capital has led a $10 million Series A round for Indian motor scooter taxi start-up Rapido.
Deal focus: VCs take a bite from India’s food sector
Drums Food International is bringing a modern marketing approach to Indian millennials with its yogurt brand Epigamia. Verlinvest is backing the latest growth drive
Sequoia launches accelerator for India, Southeast Asia start-ups
Sequoia Capital has launched Surge, an accelerator program aimed at start-ups that are either based in or targeting India and Southeast Asia.
BP Ventures backs China EV player
BP Ventures, the venture capital arm of BP, has made its first investment in China, leading a Series A round for electric vehicle (EV) charging solutions provider PowerShare.
Deal focus: Singapore Life delivers insurance update
Singapore Life has accelerated plans to digitize the insurance and wealth management industry following a $33 million Series B from Aberdeen Standard Investments and Aflac
Värde promotes Asia credit head to partner
Värde Partners has promoted Haseeb Malik, a senior managing director based in its Singapore office and head of Asia corporate and traded credit, to partner. It is one of three senior promotions announced by the firm worldwide.
Jafco acquires Japanese manufacturer from China SOE
Jafco has acquired Japanese construction equipment manufacturer Nagano Industry (NKK) from Chinese state-owned enterprise (SOE) Beijing Jingcheng Machinery Electric Holding (Jingcheng).
Fund focus: Edelweiss scales up for India distress
Edelweiss Alternative Asset Advisors expands its India distress agenda with a new fund mandated for both direct debt buyouts and equity investments
India's Truebil raises $14m in equity and debt
Indian used car trading platform Truebil has raised INR1 billion ($14 million) in equity and debt from investors including Shunwei Capital, Kalaari Capital, and Inventus Capital.
SoftBank invests $150m in India's FirstCry
SoftBank Vision Fund has committed $150 million to Indian online baby and child-focused retailer FirstCry as the first tranche in a planned $400 million Series E round.
Japan's SBI invests $15m in Swiss blockchain player
SBI Crypto Investment, a unit of Japan’s SBI Holdings formed to back digital asset-focused start-ups, has invested $15 million in Tangem, a Switzerland-based producer of blockchain smart card wallets.
Eight Roads invests $31m in Indian pharma player
Eight Roads Ventures, the proprietary investment arm of Fidelity International, has invested INR2.18 billion ($30.6 million) in Indian pharmaceutical manufacturer Caplin Point. Sister fund F-Prime Capital Ventures also participated.
Edelweiss closes India stressed asset fund at $1.3b
Edelweiss Alternative Asset Advisors, the alternative investment arm of India’s Edelweiss Group, has raised INR92 billion ($1.3 billion) for its second fund focused on investments in Indian stressed assets.
Domestic, international themes drive India opportunities
Companies that cater to international customers currently offer the most compelling PE investment opportunities in India, but GPs are increasingly excited about the rise of new segments in the domestic market.
PE-backed Shenzhen Scholar files for Hong Kong IPO
Shenzhen Scholar Education, a Chinese after-school tutoring business backed by CRE Alliance, has filed for an IPO in Hong Kong.
SoftBank Vision Fund to invest in India's Delhivery
SoftBank Vision Fund is planning to purchase a stake of up to 38% in Indian e-commerce logistics services provider Delhivery.