Articles by Mirzaan Jamwal
Standard Chartered PE raises stake in Fortis Healthcare
Standard Chartered Private Equity (SCPE) has invested a further INR370.3 million ($5.7 million) to buy preferential shares in India’s Fortis Healthcare. It brings SCPE’s total investment into the company to approximately INR2.5 billion.
Patni Brothers set up incubator for India big data start-ups
The co-founders of Nirvana Venture Advisors, brothers Arihant and Amit Patni, have set up Hive Technologies to help launch and fund Indian big data start-ups.
Motilal Oswal PE taps overseas, domestic LPs for $155m fund
Motilal Oswal Private Equity (MOPE) has closed its India Business Excellence Fund II (IBEF-II) at $155 million (INR10 billion).
ChrysCapital part exits Hexaware for $9m
ChrysCapital Partners has sold part of its 9.59% stake in listed Indian outsourcing firm Hexaware Technologies for INR614.2 million ($9.2 million) on the open market.
Mapletree reaches $1.4b final close on China fund
Mapletree Investments, the real-estate arm of Temasek Holdings, has closed its real estate fund, Mapletree China Opportunity Fund II (MCOF II) at its hard cap of $1.4 billion, above the initial target of $1 billion.
Century Bridge commits $32.8m to Hangzhou residential project
Century Bridge Capital has invested $32.8 million in a joint venture with property developer Zhejiang Headway Real Estate to construct a middle-income, residential project in the eastern China city of Hangzhou.
Portfolio: Everstone Capital and IndoStar Capital Finance
While PE investors have been keen to capitalize on India’s financial services industry, Everstone Capital took a unique approach to the sector – building an independent non-banking financial company
Morningside, Jingdong invest in Chinese food delivery service Daojia
Existing backer Morningside Ventures and B2C e-commerce site Jingdong (formerly 360Buy) have led a Series C round of investment in Chinese online food ordering platform Daojia. The financial details of the transaction were not disclosed.
Actis buys India lighting business from Halonix for $24m – update
Following an agreement in July to buy the general lighting division of portfolio company Halonix, Actis will pay an enterprise value of INR1.6 billion ($24 million) for the unit.
Blume Ventures backs India software firm Kuliza
Bangalore-based Kuliza Technologies, a marketing software maker has raised seed funding from Blume Ventures. Financial details of the deal were not disclosed.
Armstrong reaches $130m third close on SE Asia energy fund
Netherlands Development Finance Company FMO, the Swiss Investment Fund for Emerging Markets (SIFEM) and the IFC Catalyst Fund will invest about $45 million to Armstrong Asset Management's Southeast Asia cleantech fund, bringing the total capital raised...
Ascent Capital invests $3.7m in CARE Ratings
Ascent Capital will invest INR250 million ($3.69 million) in Indian credit rating agency Credit Analysis and Research (CARE)
Nalanda Capital invests in India's Info Edge
Nalanda Capital has invested more than INR268 million ($3.9 million) in listed online classifieds company Info Edge India. The PE firm bought 1.7 million shares on the secondary market for around INR300 apiece.
Morpheus Fund invests $6m in TVC Skyshop
India’s Morpheus Fund has invested INR420 million ($6.17 million) for an 8% stake in direct-to-consumer retailing platform, TVC Skyshop.
Rabo, Proparco invest $21m in India's Prabhat Dairy
Rabo Equity’s India Agribusiness Fund has invested another INR800 million ($12 million) in Prabhat Dairy, while French development finance institution Proparco has committed INR600 million to the company.
KKR, TPG drop out of ParknShop bidding – report
KKR and a consortium featuring TPG Capital consortium have reportedly been dropped from the auction of ParknShop, the Hong Kong supermarket chain owned by Hutchison Whampoa.
Taiwan GPs: Cross-strait strategies
Taiwanese GPs are looking for investments in the higher growth markets of mainland China. But how do they differentiate themselves from Chinese private equity firms chasing similar deals?
TPG takes 23% stake in India's Shriram City Union NBFC
TPG Capital has acquired a direct 22.65% stake in Shriram City Union Finance (SCUF) following a restructuring of the non-bank financing company’s (NBFC) holding vehicles.
Baring Asia to take majority stake in India's Hexaware, General Atlantic exits
Baring Private Equity Asia will acquire a 41.8% holding in Hexaware Technologies, an IT and business process outsourcing services firm, from the founders and General Atlantic (GA) for up to INR16.87 billion ($261.9 million). It will then have to make...
Australia announces new $225m biotech venture capital fund
The Australian government will contribute A$125 million ($112.6 million) to the A$250 million Medical Research Innovation Fund (MRIF), with the private sector to make up the other half.
Future Ventures in talks to sell Indian apparel stake to GA – report
Future Ventures India is reportedly in talks with General Atlantic to sell its minority stake in apparel maker AND Designs India for around INR1.5 billion ($23 million)
GIC to acquire Blackstone stake in UK office complex - report
The Blackstone Group will reportedly sell its stake in London’s Broadgate complex to GIC Private for more than GBP1.7 billion pounds ($2.7 billion) in one of Europe’s largest office deals.
Jungle Ventures, Spring Seeds invest in Singapore's Taggo
Taggo, a marketing start-up that helps retailers turn their Facebook pages into loyalty programs, has raised Series A funding led by Jungle Ventures and Spring Seeds Capital, the investment arm of the Singapore government’s Spring agency.
Baring Asia to invest in PE-backed Hexaware - report
Baring Private Equity Asia (BAPE) is said to be in talks to back Hexaware Technologies, with a view to taking a majority stake in the Indian software company.