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).
The sale gives Creador a 5.3x multiple and 77% IRR in rupee terms on its investment in the company, according to a release. The GP initially committed INR499.9 million to Somany via its affiliate Latinia...
More on South Asia
Latest News
AVCJ Awards 2022: Exit of the Year – IPO: GoTo
GoTo’s rocky start on the Indonesia Stock Exchange betrays the pioneering nature of the listing and cements a legacy as an ecosystem lynchpin. Long-time backer Openspace Ventures reflects
New Zealand hydrogen player raises $14m
New Zealand hydrogen and zero-emission technologies developer Fabrum has raised a NZD 23m (USD 14.5m) Series A round led by UK-based AP Ventures.
Japan's Baseconnect gets $41m Series B
Japanese corporate contact and recruitment database provider Baseconnect has raised a JPY 5.4bn (USD 41m) Series B round led by Z Venture Capital (ZVC), formerly YJ Capital.
Carlyle launches tender offer for Japan's Iwasaki Electric
Iwasaki Electric, a Japanese lighting solutions provider that has worked on projects ranging from sports stadiums to hospitals, is set to be acquired by The Carlyle Group through a tender offer at a valuation of JPY 34.9bn (USD 266m).