Articles by Holden Mann
L Catterton to invest $125m in India's FLF - update
L Catterton Asia will purchase an approximately 10% stake in India-listed integrated fashion retailer Future Lifestyle Fashion (FLF) for INR8.5 billion ($125 million) through newly issued shares and secondary purchases.
GP profile: Intermediate Capital Group
In recent years Intermediate Capital Group has branched out beyond traditional mezzanine to embrace deal structures that have no sponsor. It sees ample opportunities in Asia’s developed markets
Intel Capital backs three Chinese tech start-ups
Intel Capital, the captive VC arm of Intel Corporation, has backed in three Chinese start-ups as part of a $72 million investment in 12 companies based in China and the US.
NASDAQ CEO: Concrete goals essential for successful IPOs
Start-ups looking to go public must have solid plans for long-term growth and clear targets by which their progress can be measured, according to Adena Friedman, president and CEO of NASDAQ.
Tiger Global’s Jason Tan joins Jeneration
Jason Tan (pictured), formerly a global partner at Tiger Global Management, has joined Hong Kong-based investment firm Jeneration Capital as a partner and CIO.
Sequoia, Saama to exit US, India-based analytics company
Sequoia Capital India and Saama Capital will exit their 10-year investment in ScioInspire Holdings, a healthcare analytics platform with operations in the US, UK and India, through a merger with US-listed industry peer EXL.
India's Zodius hires executive from Providence
Varun Laul (pictured), the sole remaining India-based representative of Providence Equity Partners, has left the GP to join technology-focused venture capital firm Zodius Capital.
PE-backed GR Infraprojects files for India IPO
Indian road and highway developer GR Infraprojects has filed for an IPO that will see Motilal Oswal Private Equity (MOPE) exit the bulk of its stake.
India's Bizongo gets $22m round
Indian business-to-business packaging marketplace Bizongo has raised a $22 million Series B round led by B Capital and the International Finance Corporation (IFC).
Portfolio: CLSA Capital Partners and Japan's Worldtool
By targeting Japan’s amateur car enthusiast community Worldtool created a new distribution channel for automotive tools in the country. CLSA Capital Partners has helped take the company’s model overseas
India’s Unitus reaches $15m first close on second impact fund
Indian VC firm Unitus Ventures (formerly Unitus Seed Fund) has reached a first close of INR1 billion ($15 million) for its second early-stage impact investment fund.
China's Decheng targets $450m for third fund
Chinese healthcare and life sciences-focused GP Decheng Capital is targeting $450 million for its third US dollar-denominated fund.
GIP to buy IDFC's India infrastructure business
Global Infrastructure Partners (GIP) has agreed to buy the infrastructure business of IDFC Alternatives, the alternative asset investment arm of India’s IDFC Group.
Capital Group leads Series E for China’s Innovent Biologics
Capital Group Private Markets (CGPM), a private equity affiliate of US-based Capital Group Companies, has led a $150 million Series E round for Chinese biopharmaceutical developer Innovent Biologics.
Asian investors commit $150m to Arctic Green Energy
CITIC Capital and China Everbright have committed $100 million in debt and equity funding to Iceland-based geothermal energy developer Arctic Green Energy (AGE), alongside a $50 million loan facility provided by the Asian Development Bank (ADB).
PE-backed Vietnamese lender completes $992m IPO
Vietnam Technological & Commercial Joint Stock Bank (Techcombank, TCB), a private-sector lender backed by Warburg Pincus, has raised VND21 trillion ($922 million) in the country’s biggest IPO to date.
India’s PE-backed Bharti, Indus to merge
Indus Towers, an Indian telecom tower network backed by Providence Equity Partners, will merge with domestic rival Bharti Infratel, whose investors include KKR and the Canada Pension Plan Investment Board (CPPIB).
BGH-led group makes $3.1b bid for Australia's Healthscope
A group of PE investors led by BGH Capital and including AustralianSuper, GIC Private, Ontario Teachers’ Pension Plan (OTPP) and Canada Pension Plan Investment Board (CPPIB) has launched a buyout offer for Australian hospital operator Healthscope that...
SoftBank leads $1.9b funding round for China’s Manbang
The Full Truck Alliance Group, a Chinese trucking logistics firm also known as Manbang, has raised a $1.9 billion funding round led by SoftBank Group.
Valuation standards: Counting their blessings
Asian GPs’ portfolio valuation practices remain largely opaque, despite the value of standard frameworks. LP demand will be key to moving the industry in a more transparent direction
Shenzhen government launches $79m blockchain fund
The government of Shenzhen has launched a VC fund with an initial corpus of RMB500 million ($79 million) to invest in blockchain start-ups in the city.
Chinese VCs in $11m round for US-based NuProbe
Sequoia Capital China and Serica Partners have co-led an $11 million Series A round for US-based molecular diagnostics start-up NuProbe.
India’s VC-backed True Balance raises $23m
True Balance, an Indian digital payments services provider whose backers include SoftBank Ventures Korea, has raised a $23 million bridge round from a group of Japanese and Korean investors.
India's Fortis weighs competing buyout offers
Indian healthcare service provider Fortis Healthcare (FHL) has formed a panel to evaluate several competing investment offers, including bids of INR61 billion ($933 million) from TPG Capital-backed Manipal Hospital Enterprises (MHEPL) and INR101 billion...