Articles by Holden Mann
Warburg Pincus abandons Tata Technologies investment
Warburg Pincus has called off a planned $360 million investment in Tata Technologies, the engineering outsourcing and product development IT services arm of Indian conglomerate Tata Group.
Westbridge-backed Nazara files for India IPO
Indian mobile game platform Nazara Technologies has filed for an IPO that will provide an exit to its private equity backer WestBridge Capital Partners.
India budget promotes start-ups, but leaves GPs waiting
India’s latest Union Budget promises strong support for domestic entrepreneurs and venture capital investors, but provides few specific measures to benefit the private equity industry.
Alibaba leads $300m round for India's Bigbasket
Chinese online retailer Alibaba Group has led a $300 million funding round for Indian online grocer Bigbasket.
NSI in $13m round for Singapore's Love Bonito
NSI Ventures has taken part in a $13 million Series B round of funding for Singapore-based lifestyle brand Love Bonito.
Proterra buys Australia agriculture assets
One Tree Agriculture, an Australia-based agriculture investor owned by Proterra Investment Partners, has purchased three farm properties in New South Wales.
SCPE exits India power business via buyback
Standard Chartered Private Equity (SCPE) has sold its stake in Sterlite Power, the power grid subsidiary of Sterlite Technologies, an India-listed transmission solutions provider for the telecom and power industries, via a buyback.
India LPs: Patient capital
Despite favorable regulatory moves in recent years, Indian financial institutions remain reluctant to invest in private equity. Investors see room for optimism, but they know they are in for a long wait
TPG acquires China hotel assets
TPG Capital, along with Chinese hotel manager China Lodging Group, has acquired two Beijing hotels for RMB1.2 billion ($186 million).
Unilever invests in online India grocery market
Unilever Ventures, the corporate VC arm of Unilever, has committed $3 million in pre-Series A funding to Indian grocery delivery start-up Milkbasket.
Deal focus: Ziroom carves a rental niche
Ziroom receives $621 million in funding to build out its property management service that provides apartments for China's growing population of urban rentors
PremjiInvest leads $48m round for India's Shubham
PremjiInvest, the family office of Wipro Group chairman Azim Premji, has led a INR3.1 billion ($48 million) funding round for Indian mortgage lender Shubham Housing Development Finance, providing an exit for Accion International and Saama Capital.
India's 3one4 closes second fund at $39m
Indian VC firm 3one4 Capital has closed its second early stage fund at INR2.5 billion ($39 million), exceeding its target of INR1.5 billion.
Affinity buys Trimco from Partners Group for $520m
Affinity Equity Partners has bought Hong Kong-based garment label manufacturer Trimco from Partners Group for $520 million.
ADB exits minority stake in India's ReNew to CPPIB for $144m
Canada Pension Plan Investment Board (CPPIB) has invested $144 million in Indian renewable energy producer ReNew Power Ventures, providing an exit for the Asian Development Bank (ADB).
VCs commit $30m to Japanese recipe-sharing start-up
SoftBank and YJ Capital have taken part in a JPY3.4 billion ($30.2 million) funding round for Japanese online food media start-up Dely.
Ekuinas exits Malaysia's Tenby Education
Malaysian government-backed private equity investor Ekuinas has exited its majority stake in private school chain Tenby Education Group to International Schools Partnership (ISP).
Clearwater, IFC plan $150m distressed asset JV
The International Finance Corporation (IFC), the investment arm of the World Bank,and Clearwater Capital Partners will together invest $150 million in distressed assets in Asia.
Asian credit remains attractive for investors
While global investors often express wariness about investments in Asian credit and special situations, industry veterans remain optimistic about the future of the strategy.
Australia agriculture: Fruitful endeavors
Despite their strong growth potential, Australian food crops have attracted little activity from the private equity community. Investors’ interest is restrained by the high hurdles to managing these assets
ADB commits $50m to True North's India fund
The Asian Development Bank (ADB) has agreed to invest up to $50 million in the sixth fund of Indian private equity firm True North, formerly known as India Value Fund Advisors (IVFA).
Quadrant acquires Australia's Darrell Lea
Quadrant Private Equity has acquired Darrell Lea, a candy maker based in Australia and New Zealand.
Tiger co-leads $20m Series B for India's Razorpay
Tiger Global and Y Combinator have led a $20 million Series B round for India-based online payment gateway Razorpay.
India's Pi Ventures reaches $25m second close on AI fund
Indian early-stage investor Pi Ventures has announced a second close of $25 million on its debut artificial intelligence (AI)-focused fund.