Articles by Holden Mann
KKR commits $70m to China education player Tarena
KKR has invested $70 million in Tarena International, a provider of professional education and training in China, forming a new partnership with a PE backer as existing investors trim their holdings.
Singapore's Temasek, CVC agree $2b deal for US generic drug firm
Singapore's Temasek Holdings is a member of a CVC Capital Partners-led consortium that has agreed to buy a controlling stake in US-based generic drug manufacturer Alvogen. The deal is said to value the company at $2 billion.
FTIL cancels IEX sale, agrees new terms
Financial Technologies India (FTIL) has agreed to sell a 16.6% stake in India Energy Exchange (IEX) to a consortium of investors for INR3.57 billion, cancelling an earlier arrangement to sell its entire stake in a deal led by TVS Capital Funds.
Mitsubishi UFJ to buy UBS' alternative fund services unit
MUFG Investor Services, the asset servicing group of Mitsubishi UFJ Financial Group, will buy UBS Global Asset Management's Alternative Fund Services (AFS) business.
Faering leads $11m Series C for FundsIndia
Faering Capital has led a INR700 million ($11 million) Series C round for Wealth India Financial Services, the parent company of online financial services platform FundsIndia.
Alibaba, Foxconn invest $236m in SoftBank robotics division
Alibaba Group and Foxconn Technology Group have agreed to invest JPY29 billion ($236 million) in SoftBank Robotics Holding Corp, which manages SoftBank's robotics business.
IFC invests $35m in Indian energy-focused NBFC
The International Finance Corporation (IFC) has committed $35 million to infrastructure finance firm PTC India Financial Services (PFS).
India's MyDentist raises $8m Series C round
Indian dental clinic chain MyDentist has raised a INR500 million ($8 million) funding round led by Swiss impact investor LGT Venture Philanthropy, with participation by existing backers Seedfund and Asian Healthcare Fund (AHF).
China financial player Jupai files for US IPO
Chinese wealth-management service provider Jupai, which is backed by an investment unit of online real estate agency E-House and Sina Corp, has filed for a US IPO.
Qiming, Trustbridge back China education app developer
Chinese online education app developer Xuebajun has raised a $50 million Series B round led by Qiming Venture Partners and Trustbridge Partners, with participation by existing investor Vertex Ventures.
Banks and deal-sourcing: Information arbitrage
Japan’s banks do not have the power that they once did to source deals, but they are far from irrelevant. GPs say these institutions still have a role to play, though their advice must be considered carefully
Lafarge buys back Baring Asia's stake in its India unit
French cement maker Lafarge has agreed to buy back Baring Private Equity Asia's stake in its India division, Lafarge India, for EUR270 million ($304 million).
US-China incubator raises $5m for second seed fund
InnoSpring, a technology incubator platform focused on US and China-based companies, has raised $5 million for its second fund aimed at seed-stage investments.
Multiples to up stake in India's PVR Cinemas
Multiples Alternative Asset Management has agreed to invest INR3.5 billion ($54.6 million) in Indian cinema chain PVR Cinema, raising its stake in the company to 19.6%.
Indian healthcare player La Renon raises $16m from Sequoia
La Renon, an Indian developer and manufacturer of pharmaceutical drugs and services, has raised INR1 billion ($16 million) in Series A funding from Sequoia Capital.
Warburg Pincus in partial exit from China Biologic
Warburg Pincus has raised $241.5 million by reducing its stake in US-listed biopharmaceutical developer China Biologic Products.
Hong Kong storage start-up Boxful raises $6.6m
Hong Kong-based "valet storage" start-up Boxful has raised a HK$51.1 million ($6.6 million) Series A round from a consortium including Arocrest Capital, Lonsdale Capital, and several real estate investors.
Indian fashion app Voonik raises $5m from Sequoia, Seedfund
Voonik, a personalized fashion shopping portal based in India, has raised $5 million in Series A funding from Sequoia Capital and existing investor Seedfund.
Morningside leads $15m investment in China's Luqa Pharma
Hong Kong-based pharmaceutical developer Luqa Pharma has raised a $15 million Series A round of funding led by Morningside Ventures.
Navegar commits $15m to Philippines-based TaskUs
Manila customer support outsourcing start-up TaskUs has received a $15 million series A round from the Philippines-based Navegar Fund.
India's Swiggy raises $16.5m from Norwest, Accel, SAIF
Indian food delivery platform Swiggy has raised $16.5 million in a Series B round led by Norwest Venture Partners, along with existing investors Accel Partners and SAIF Partners and an unnamed investor.
India payments: The missing link
India’s payment start-ups hope to shape the way e-commerce companies charge for their goods. The future may lie with approaches tailored to the country’s circumstances
TPG joins $129m investment in Singapore's PropertyGuru
Singapore online property portal PropertyGuru has raised S$175 million ($129 million) from TPG Capital, Australia's Square Peg Capital, and Indonesian media company Emtek Group.
China social e-commerce start-up raises $10m from GGV
Chinese e-commerce discovery site Red has raised more than $10 million in Series B funding from GGV Capital.