Articles by Holden Mann
Matrix exits India eye care chain
Matrix Partners India has made a full exit from Centre for Sight, operator of a chain of eye clinics in India, to Mahindra Partners after a holding period of nearly 10 years.
Vietnam outbound expansion: Brands apart
A booming domestic market and lack of success stories will likely keep outbound expansion a low priority for Vietnam’s investors and entrepreneurs until a suitable market niche can be found
InnoVen raises $200m from Temasek, UOB
InnoVen Capital, a venture debt firm active in India, China, and Southeast Asia, has raised $200 million from its primary shareholders Temasek Holdings and United Overseas Bank (UOB).
TR targets $300m for fourth fund
Hong Kong-based secondaries specialist TR Capital is seeking to raise $300 million for its fourth private equity fund.
Kejora closes growth fund at over $100m
Indonesian venture capital firm Kejora Ventures has closed its latest fund, a growth vehicle that will invest in technology businesses in Southeast Asia, with more than $100 million in commitments.
ION to buy majority stake in Acuris
Financial software and data platform developer ION Investment Group has agreed to acquire a majority stake in Acuris, the parent company of AVCJ, for an undisclosed amount. The deal will provide a full exit for Singapore’s GIC Private, while current...
Mekong invests in Vietnam pizza chain
Mekong Capital has invested an undisclosed amount in Pizza 4P’s, a Vietnamese farm-to-table pizza restaurant chain.
India's Kinara raises $14m funding round
Indian non-banking finance company (NBFC) Kinara Capital has raised INR1 billion ($14.3 million) from a group of investors including Gaja Capital, Gawa Capital, the Michael and Susan Dell Foundation, and US-based VC firm Patamar Capital (formerly Unitus...
Asia fintech player GoBear raises $80m
GoBear, an online financial products marketplace focused on young Asian consumers, has raised $80 million from its Netherlands-based sponsors Walvis Participaties and Aegon.
Emerging Asia healthcare: Pilot programs
Buy-and-build strategies, a mainstay of the PE toolkit in developed markets, are gaining exposure in emerging Asia’s healthcare sector. Proving a viable exit path will be the key to widespread adoption
Accel, Kalaari, Chiratae invest in India's CureFit
Indian health and fitness start-up CureFit has raised $75 million from a group of investors including Accel Partners, Kalaari Capital, and Chiratae Ventures.
Lighthouse closes third India fund at $230m
Lighthouse Funds has closed its third India-focused middle-market growth capital vehicle at $230 million.
India NBFC raises $14m Series E round
Dvara KGFS, a non-banking finance company (NBFC) backed by Indian financial inclusion investor Dvara Trust, has raised INR970 million ($14 million) in Series E funding led by Stakeboat Capital.
Pakistan ride hailing and courier app secures Series A
Bykea, a Pakistan-based online platform for on-demand transport and logistics, has raised a $5.7 million Series A round led by Sarmayacar, a European venture capital investor focused exclusively on Pakistan.
Goldman, Accel lead Series D for India’s BlackBuck
Indian online long-distance trucking marketplace BlackBuck has raised a $150 million Series D round led by Goldman Sachs and existing investor Accel Partners.
TPG-backed Asia Healthcare acquires India fertility clinic
Asia Healthcare Holdings (AHH), a healthcare-focused operating and investment platform managed by TPG Growth, has agreed to acquire Nova IVI Fertility, an operator of in vitro fertilization (IVF) clinics based in India.
GP profile: IMM Private Equity
As one of oldest GPs in South Korea, IMM Private Equity has helped to show both domestic and global investors that the PE community can bring major benefits to the country’s corporate sector
Singapore's Pegasus 7 acquires Axiata Digital Ventures portfolio
Pegasus 7 Ventures, an investment fund managed by Singapore’s Gordian Capital, has agreed to acquire the venture portfolio of Axiata Digital, the digital services arm of Malaysia’s Axiata Group, at a valuation of $140 million.
True North exits India seasoning business
Switzerland-based perfume and flavorings manufacturer Firmenich has agreed to acquire a majority stake in Indian seasonings business VKL Flavors, providing a full exit for True North.
Deal focus: Blackstone takes over EPL’s packaging empire
The Blackstone Group has agreed to buy an Indian packaging manufacturer that provides tubes for 40% of the world's toothpaste. The goal is to turn it into a true multinational
FMO leads $86m round for India's InCred
Indian online lending platform and non-banking finance company (NBFC) InCred Financial Services has raised a INR6 billion ($85.9 million) Series A round led by Dutch development finance institution FMO.
Jungle reaches $175m first close on SE Asia VC fund
Singapore-based VC investor Jungle Ventures has reached a first close of $175 million on its third Southeast Asia-focused fund. The vehicle has an overall target of $220 million.
Naspers exits India's MakeMyTrip to Ctrip
South African internet conglomerate Naspers Group has agreed to exit its holding in MakeMyTrip, a US-listed Indian online travel agency, to Chinese travel services firm Ctrip.
Dymon supports take-private of Malaysia’s Yee Lee
Dymon Asia Private Equity (DAPE) has backed a MYR186 million ($44.9 million) privatization bid for Yee Lee Group, a Malaysia-listed conglomerate with interests in food and agriculture, hospitality, logistics, and packaging.