The International Financial Corporation (IFC), the investment arm of the World Bank, is set to invest up to $50 million in a solar power project operate by India’s Arinsun Clean Energy.
According to a disclosure, the pending investment would be transacted via a subscription to non-convertible debentures and include efforts to mobilize an additional $100 million of loans from other backers....
PAI Capital, a Hong Kong and London-based asset manager that primarily caters to high net worth individuals (HNWIs), has paid RMB1.45 billion ($212 million) for a 24.22% stake in Vtron Group, a Shenzhen-listed video display systems manufacturer.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners have sold the remainder of their interest in Vietnamese dairy producer International Dairy Products (IDP).
A consortium led by China Resources Capital (CR Capital) has agreed to acquire a 65% stake in Hong Kong retail and supermarket operator City Super Group.
Indian online used car marketplace Spinny has acquired local counterpart Truebil, setting up several venture capital exits.