Tata Capital has completed its first exit from the Tata Opportunities Fund, securing an IRR of over 50% and a 6x gross multiple through the IPO of auto components manufacturer Varroc Engineering.
Varroc sold 20.2 million shares earlier this month, including the 18.5 million shares held by Tata, at INR967 each, aggregating INR19.6 billion ($285 million) overall and INR17.8 billion for Tata. The...
Most traditional large-cap buyout funds have become hybrids in Asia, taking minority stakes in businesses to generate deal flow in certain markets and to harness regional growth trends
Addor Capital – a Chinese VC firm backed by Jiangsu High-Tech Investment Group, also known as Govtor Capital – has raised RMB1.56 billion ($241 million) for its second renminbi-denominated healthcare fund.
India’s Trifecta Capital has closed its second venture debt fund with $140 million in commitments. The firm raised about $68.4 million for its debut vehicle in 2017.
Gitai, a Japanese start-up developing a humanoid general-purpose work robot for use in space, has secured a JPY1.8 billion ($17 million) Series B round from local VCs.