Articles by Holden Mann
TPG Growth leads $42m round for Indian NBFC
Ess Kay Fincorp, an Indian non-banking finance company (NBFC) focused on automotive and small business loans, has raised a $42 million round led by TPG Growth, the middle market investment platform of TPG Capital.
Deal focus: MOPE re-enters India’s automotive market
Having tracked India-based Happy Forgings for five years, Motilal Oswal Private Equity is now confident in the company's ability to build its presence in the domestic and export auto components markets
India's NIIF to acquire infrastructure lender
India’s National Investment & Infrastructure Fund (NIIF) has agreed to acquire IDFC Infrastructure Finance (IDFC IFL), an infrastructure-focused non-banking finance company (NBFC), in its first solo control transaction.
KKR invests $144m in Southeast Asia's PropertyGuru
KKR has committed S$200 million ($144 million) in Series D funding to PropertyGuru, a Singapore-based online property portal that has several existing private equity investors.
Hillhouse, VMG target consumer brands
Hillhouse Capital and VMG Partners, a US-based PE firm focused on the consumer sector, have formed a strategic partnership to invest up to $100 million in innovative consumer brands worldwide.
CDH-backed Certusnet files for HK IPO
Certusnet, a China-based developer of telecommunication software backed by CDH Investments, has filed for an IPO in Hong Kong.
Deal focus: Quintet pumps Talent’s recruitment muscle
Australian middle-market GP Quintet Partners has targeted IT contract recruitment for its second investment, leveraging a global trend towards taking on staff as and when needed
Asia corporate VC: Company towns
Acceleration of development in the technology space is giving rise to a new generation of corporate VC investors. Building an identity separate from their parents is crucial to the success of these emerging firms
Booking invests $200m in Southeast Asia's Grab
Booking Holdings, which operates multiple online travel sites, has invested $200 million in Southeast Asia ride-hailing app Grab as part of a strategic partnership.
India proposes regulatory changes to boost start-up listings
The Securities and Exchange Board of India (SEBI) has floated a number of proposals intended to ease the listing process for technology-focused start-ups.
Bessemer closes global VC fund at $1.9b
Bessemer Venture Partners has closed BVP X, its latest global early-stage venture capital fund, at $1.85 billion.
Nio Capital, Eight Roads lead Series A for Innovusion
Innovusion, a US-based developer of Lidar technology for autonomous vehicles, has raised a $30 million Series A round led by Eight Roads Ventures China and Nio Capital, a unit of Chinese electric vehicle maker Nio.
Deal focus: Mandaya targets shifting healthcare demand
Kendall Court backs Mandaya Medical's bid to capture the demand for quality healthcare among Indonesia's growing middle class
Motilal Oswal closes third India fund at $325m
Motilal Oswal Private Equity (MOPE) has closed its third growth equity fund at INR23 billion ($325 million), beating its target of INR20 billion.
SCPE exits India's Dolvi Metals & Minerals
Standard Chartered Private Equity (SCPE) has exited its stake in Dolvi Minerals and Metals, a trader of metallic and non-metallic minerals based in India.
TVS reaches $113m first close on third India growth fund
TVS Capital Funds, a PE investment firm sponsored by the TVS Group and Shriram Group, has reached a first close of INR8.3 billion ($113 million) on its third India growth fund.
Q&A: Wellington Management's Michael Carmen
Michael Carmen, a senior managing director and PE lead portfolio manager at Wellington Management, discusses the growing opportunity in the late-stage pre-IPO market and the challenges for investors
ADB invests $25m in Mizuho SEA fund
The Asian Development Bank (ADB) has agreed to invest $25 million in Exacta Asia Investment II (Exacta II), a Southeast Asia-focused vehicle launched last year by Japan’s Mizuho Bank.
Kendall Court invests $55m in Indonesia hospital operator
Kendall Court has invested $55 million in Mandaya Medical, a healthcare-focused subsidiary of Indonesian conglomerate Selaras Group, via convertible preference shares.
Sequoia India establishes separate VC, growth teams
Sequoia Capital India has split its investment staff, creating separate teams for India and Southeast Asia focused on venture and growth capital investments. The firm's China and US affiliates already employ a similar strategy.
Global Brain leads round for SE Asia's Omise
Thailand-based financial technology company Omise has raised a funding round of undisclosed size led by Japanese venture capital investor Global Brain.
Profile: Apis' Matteo Stefanel
Matteo Stefanel discovered a passion for financial services early in his career. This led to the formation of Apis Partners, which seeks to back the sector’s most innovative entrepreneurs in Asia and Africa
CDPQ invests $100m in India's Azure Power
Caisse de dépôt et placement du Québec (CDPQ) has invested $100 million in Azure Power, an Indian solar panel company listed in the US.
Motilal Oswal invests $27m in India auto player
Motilal Oswal Private Equity (MOPE) has invested INR2 billion ($27 million) in Happy Forgings, an Indian manufacturer of forged and machined components focused on the automotive industry.