True North has agreed to buy a 26% stake in Fedbank Financial Services (Fedfina), a non-banking financial company (NBFC) controlled by India’s Federal Bank.
The private equity firm will acquire newly issued shares in Fedfina for an undisclosed sum, according to a filing. Local media reported last year that Federal Bank was looking to raise INR3-4 billion ($45-60...
Matrix Partners India closed its third fund in speedy fashion despite ongoing woes about consistency in the country’s venture environment. Patience regarding comparisons with China has been critical
Korea comes to the fore as investment in China slows; venture capital and pan-regional players remain preeminent in Asia fundraising; IPO weakness reflects investor wariness
India’s NBFC sector has pulled through its recent liquidity issues, but questions remain about the weaknesses that led to the crisis. Investors remain confident but must learn from the experience
BGH Capital is close to announcing its first deal after a revised offer of A$2.1 billion ($1.5 billion) for Australian education services provider Navitas won backing from the company’s board.