Articles by Holden Mann
Samara acquires India's Sanjay Maintenance
Samara Capital Partners has acquired Indian facilities management company Sanjay Maintenance Services (SMS) for about $20 million.
Creador exits India's Somany Ceramics for $50m
South and Southeast Asia-focused mid-market GP Creador has fully exited its investment in Indian tile maker Somany Ceramics for INR3.26 billion ($50.4 million).
IFC proposes $100m investment in China insurance firm
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering an equity investment of up to RMB690 million ($100 million) in Chinese insurance firm Union Life Insurance.
Platinum to buy OfficeMax business in Australia, New Zealand
US-based private equity firm Platinum Equity has agreed to buy business products supplier OfficeMax’s Australia and New Zealand businesses from its owner, US-based Office Depot.
India's PE-backed Capacite files for $62m IPO
Capacite Infraprojects, an Indian construction firm backed by Paragon Partners and NewQuest Capital Partners, has filed for a INR4 billion ($62 million) IPO.
Navis-owned Village Grocer makes Malaysia bolt-on
Village Grocer, a Malaysian premium grocery chain owned by Navis Capital Partners, has taken over domestic rival Bens Independent Grocer (BIG).
Lok leads $10m round for Indian diabetes clinic chain
Lok Capital has led a $10 million Series A round of funding for Indian diabetes care provider Dr. Mohan’s Diabetes Specialities Centre.
Hastings, First State Super buy Australian state land registry
First State Super and Hastings Fund Management have agreed to acquire the New South Wales (NSW) land title and registry business for A$2.6 billion ($1.9 billion).
China's SDIC to invest $47m in US-based Maxwell
SDIC Fund Management has agreed to invest $47 million in US-listed energy storage and delivery solutions developer Maxwell Technologies.
India, UK launch $620m green infra PE fund
The governments of India and the UK have launched a private equity fund with a target of GBP500 million ($620 million) to invest in sustainable infrastructure projects in India.
Q&A: Indonesia Infrastructure Finance's Harold Tjiptadjaja
Harold Tjiptadjaja, managing director at government-backed non-bank financial institution Indonesia Infrastructure Finance, discusses the qualities foreign investors need to navigate the sector
India's Flipkart confirms $1.4b downround
Indian e-commerce giant Flipkart has confirmed an investment of $1.4 billion from Microsoft, eBay, and China’s Tencent Holdings at a post-deal valuation of $11.6 billion, down from $15 billion as of its previous round.
WL Ross backs joint venture to acquire China steel assets
WL Ross & Co, the private equity firm founded by recently appointed US Commerce Secretary Wilbur Ross, has announced its first China investment in over five years, backing a joint venture to acquire steel industry assets in the country.
IFC set to re-up as LeapFrog seeks $800m for Fund III
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed an investment of up to $25 million in LeapFrog Investments’ emerging markets-focused third fund, which is targeting as much as $800 million.
True North-led group to buy Religare Health Insurance for $162m
A consortium led by True North Managers will buy a majority stake in India’s Religare Health Insurance (RHI) for INR10.4 billion ($162 million).
Hillhouse, FountainVest agree $1b Zhaopin take-private
Hillhouse Capital and FountainVest Partners, along with Australia’s Seek International, have agreed to buy US-listed Chinese recruitment website Zhaopin in a deal that values the company at $1.01 billion.
Warburg Pincus invests $77m in Indian jeweler
Warburg Pincus has committed INR5 billion ($77 million) to Indian jewelry retailer Kalyan Jewellers.
FountainVest, CMC complete exit from IMAX China
FountainVest Partners and CMC Capital Partners have completed their exit from movie theater operator IMAX China, selling their last holding for an estimated HK$836 million ($108 million).
Deal focus: True North keeps healthcare ball rolling
Having turned down Kerala Institute of Medical Sciences once due to potential conflicts of interest, True North moved quickly to deploy $200 million when presented with a second opportunity to invest in the hospital chain
Mahindra leads $21m round for India's Medwell
Mahindra Partners has led a $21 million Series B round for Indian home healthcare start-up Medwell Ventures, operator of Nightingales Home Health Services.
China outbound M&A: The smarter money
Despite regulatory curbs on Chinese outbound investment, companies are still interested in M&A opportunities – and they are pursuing less high-profile assets with greater sophistication
L Catterton-owned Seafolly makes South America bolt-on
L Catterton Asia, the Asia arm of global consumer-focused GP L Catterton, has purchased Colombian beachwear brand Maaji in a bolt-on acquisition for its Australian swimwear brand Seafolly.
Capital Square agrees Essar BPO carve-out
Singapore-based Capital Square Partners has agreed to acquire business process outsourcing (BPO) service provider Aegis from Indian conglomerate Essar Group.
US PE firm sells Reliance Home Comfort to HK tycoon Li Ka-Shing
US-based PE firm Alinda Capital Partners has agreed to sell Canadian heating, ventilation and air conditioning (HVAC) firm Reliance Home Comfort to Hong Kong tycoon Li Ka-Shing’s Cheung Kong Property Holdings (CKP) for C$2.8 billion ($2.1 billion).