Articles by Holden Mann
GTI-backed Sandhar files for India IPO
Indian auto components maker Sandhar Technologies has filed for an IPO that will provide an exit for its private equity backer GTI Capital.
IFC proposes $20m commitment to Lighthouse India fund
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the third India-focused vehicle of Lighthouse Funds.
Bain completes tender offer for Japan's ADK
Bain Capital Private Equity has completed its tender offer for Japanese advertising agency Asatsu-DK (ADK), acquiring a majority stake in a deal that values the company at JPY153 billion ($1.3 billion).
Indian firms must prove their worth to LPs – AVCJ Forum
LPs still find India an attractive market for investments, but fund managers must actively pursue them and make the case for their strategies.
Secondaries: Back in the game
After several years of uncertainty, secondaries investments have returned to growth again, particularly in Asia. Strong pricing and healthy deal flow on the primary side could help maintain this upward trajectory
Indian entrepreneurs drawn to corporate VC – AVCJ Forum
Indian technology start-ups are seeing corporate venture capital arms as attractive partners, but investors must be prepared to show what differentiates them from their parent companies, industry participants told the AVCJ India Forum.
India platform building requires GP commitment – AVCJ Forum
Indian GPs are increasingly attracted to platform-building strategies for adding value to their portfolio companies, but PE investors attempting this approach must be prepared to commit enough time and resources to see it through.
Consolidation remains key to India VC – AVCJ Forum
Indian venture capital investors see consolidation plays as central to adding value to their portfolio companies and achieving exits, though the specifics of the strategy will vary by industry.
ADIA buys stake in KKR's India NBFC
The Abu Dhabi Investment Authority (ADIA) has invested in KKR India Financial Services (KIFS), an Indian non-banking finance company (NBFC) backed by KKR.
Australia's IFM opens Korea office
IFM Investors, an investment manager owned by 28 Australian superannuation funds, has opened an office in Seoul to service clients in South Korea.
Paragon part-exits India's Capacite for $14m
Paragon Partners has made a partial exit from Indian construction firm Capacite Infraprojects - which went public earlier this year - for INR876 million ($13.6 million).
India NBFCs: The next level
India’s NBFCs remain an attractive entry to an underserved finance market, but the growing maturity of the segment means returns may be more modest going forward
Eight Roads launches $223m Japan fund
Eight Roads Ventures, the proprietary investment arm of Fidelity International, has launched its second dedicated Japan fund with a corpus of JPY25 billion ($223 million). The firm’s parent committed all of the capital.
Indian regulator reviews SoftBank's Flipkart investment
SoftBank Group’s investment in Indian e-commerce giant Flipkart, which is expected to facilitate an exit for several existing investors, is being reviewed by the country's competition regulator.
Gaja backs Indian lifestyle brand Chumbak Design
Gaja Capital has led a INR850 million ($13.2 million) funding round for Indian consumer products company Chumbak Design.
IFC proposes $74m investment in India's Cholamandalam
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a INR4.8 billion ($74 million) investment in Indian non-banking finance company (NBFC) Cholamandalam Investment & Finance.
India's Edelweiss raises $270m pre-IPO fund
Edelweiss Financial Services has raised a new fund to invest in pre-IPO funding rounds for Indian companies, with a corpus of INR17.5 billion ($271 million).
Norwest part-exits India-listed RBL Bank
Norwest Venture Partners has made another partial exit from India-listed financial institution RBL Bank for INR2.9 billion ($44.4 million).
Everstone acquires Malaysia's Chemopharm
The Everstone Group has acquired Chemopharm, a provider of medical equipment based in Malaysia.
India's VC-backed HomeLane buys Capricoast
Indian interior design company HomeLane, which is backed by Aarin Capital and Sequoia Capital, has bought Accel Partners-backed online furniture marketplace Capricoast.
Sabre, CDC lead $26m Series C for India's Portea
Sabre Partners and CDC Group have co-led a $26 million Series C round for Indian home healthcare business Portea Medical.
WPP agrees to Bain tender offer for Japan's ADK
Bain Capital Private Equity’s tender offer for Japan-listed advertising agency Asatsu-DK (ADK) has overcome its biggest obstacle as the company’s largest shareholder WPP Group has withdrawn its objection to the deal.
Portfolio: CITIC Capital and Oriental Cambridge Education Group
Oriental Cambridge Education Group was already a leader in China’s early childcare market when CITIC Capital acquired it in 2014. The GP has strengthened the company to tackle new challenges
SSG part-exits India's Future Supply Chain for $19m
SSG Capital Management has made a partial exit from Future Supply Chain (FSC), a supply chain and logistics subsidiary of India’s Future Enterprises (FEL), for INR1.25 billion ($19 million).