Chinese internet giant Tencent Holdings has invested $400 million in Indian ride-hailing operator Ola, valuing the business at approximately $4.1 billion.
Tencent was allocated 1.91 million shares at INR13,521 apiece. This equates to a 9.75% stake in Ola, local media reported, citing filings with the Registrar of Companies. The company raised INR6.7 billion...
Chinese growth capital private equity firm Maison Capital has closed its first US dollar-denominated fund at $200 million.
There will be no AVCJ bulletin on September 25 due to a public holiday in Hong Kong marking the Mid-Autumn Festival.
Hanon Systems, an auto parts manufacturer owned by Hahn & Company and formerly known as Halla Visteon Climate Control, has agreed a $1.23 billion bolt-on acquisition of Magna International’s fluid pressure and controls business.
The Australian Private Equity & Venture Capital Association (AVCAL) – which will be known as the Australian Investment Council from next year – has appointed its first chairperson from the local institutional investor community.