Articles by Holden Mann
IDG, DHFL invest $4m in India's EarlySalary
Indian financial technology platform EarlySalary has raised a $4 million funding round from IDG Ventures and Dewan Housing Finance (DHFL).
IFC to exit India's Max Healthcare for $66m
The International Finance Corporation (IFC), the investment arm of the World Bank, will exit its entire stake in Indian hospital chain Max Healthcare for INR4.2 billion ($65.6 million).
Deal focus: Proterra milks India's dairy industry
Proterra Investment Partners has more than doubled its money on Dodla Dairy following a four-year holding period in which the company boosted production of quality milk to meet growing demand from Indian consumers
SoftBank marks down India's Ola, Snapdeal by $1.4b
SoftBank has marked down the value of part of its investment portfolio, including holdings in India-based online marketplace Snapdeal and ride-hailing app Ola, bringing its total losses in the companies so far to JPY160 billion ($1.4 billion).
Hong Kong's AID Partners buys Israel's GeneSort
Hong Kong-listed private equity firm AID Partners has acquired Israel-based molecular diagnostics company GeneSort for $23 million.
Q&A: Armstrong Asset Management's Andrew Affleck
Andrew Affleck, managing partner of Singapore’s Armstrong Asset Management, explains the role private equity investors can play in developing renewable energy assets in Southeast Asia
Tencent backs US music app Smule in Asia push
Chinese internet giant Tencent Holdings has led a $54 million funding round for Smule, a US-based social media music company, to support its expansion in Asia.
India's VC-backed Matrimony files for IPO
Indian online matchmaking services provider Matrimony.com has filed for an IPO that will provide exits for VC investors Mayfield India and Bessemer Venture Partners.
IFC proposes $40m investment in India's Aavas Financiers
The International Finance Corporation (IFC) is considering an investment of up to $40 million in debt in Aavas Financiers, a housing finance business that Partners Group and Kedaara Capital bought last year from non-banking financial company (NBFC) Au...
Singapore's Garena rebrands as Sea, raises $550 million
Singapore-headquartered mobile internet and gaming platform Garena has rebranded as Sea and raised $550 million from a group of investors including existing backer Global Digital Prima (GDP) Venture of Indonesia.
Iron Pillar reaches $20m first close on debut fund
Indian venture capital firm Iron Pillar Capital Management has reached a first close of INR1.3 billion ($20 million) on its debut India fund.
India's Quikr acquires VC-backed Zimmber
Indian classifieds site Quikr has acquired Zimmber, a provider of household services backed by several VC investors.
VCs back South Korean biopharma player ExoCoBio
South Korean biopharmaceutical developer ExoCoBio has raised an $11 million Series A round from investors including SBI Investment, Atinum Investment, ID Ventures, and Dt&Investment.
India's Ola raises $104m
Indian ride-hailing operator Ola has raised INR6.7 billion ($104 million) from Falcon Edge Capital and RNT Capital Advisors, a VC fund backed by Ratan Tata, chairman emeritus of the company that controls Tata Group.
TPG to invest $50m in India's Dodla Dairy, Proterra to exit
TPG Capital’s growth investment arm has agreed to pay $50 million for a significant minority stake in Indian dairy firm Dodla Dairy. AVCJ understands the deal will provide a full exit for Proterra Investment Partners.
Fund focus: SeedPlus focuses on LP selectivity
Jungle Ventures' SeedPlus took its time accumulating $18 million from a set of LPs that can offer particular value-add to complement an operationally experienced investment team
CVC appoints Sumitomo Mitsui executive as Japan president
CVC Capital partners has named Nobuaki Kurumatani, a former executive at Sumitomo Mitsui Financial Group, as the president of its Japan operations.
Clairvest commits $74m to India game developer
Canadian private equity firm Clairvest Group has invested $73.7 million in Indian online game developer Head InfoTech.
Alternative exits: Tricks of the trade
Trade sales can provide investors in underperforming companies with an opportunity to reshape their investments, but they must be willing to let go of previous expectations and show flexibility
Accel, Shunwei lead $5m round for India's Mech Mocha
Accel Partners and Shunwei Capital have led a $5 million Series A round for Indian mobile gaming start-up Mech Mocha Game Studios.
Excelsior buys Office Depot Korea business
Hong Kong-based private equity firm Excelsior Capital has bought the South Korea business of business products supplier Office Depot.
Sequoia commits $20m to Indian co-working space Awfis
Sequoia Capital India has committed $20 million in Series B funding to Awfis Space Solutions, a Mumbai-based provider of co-working spaces.
Deal focus: Samara backs facilities services buy-in
Samara Capital has combined Sanjay Management Services and Blue Bell Integrated Facility Services with a view to introducing a higher level of management to India's office buildings
New Horizon acquires Japan firefighting business
New Horizon Capital has agreed to acquire the firefighting equipment business of Japanese manufacturing firm IHI Shibaura Machinery Corporation (ISM).