KKR has agreed to buy a 60% stake in India-based environmental services provider Ramky Enviro Engineers (REEL) for $530 million via a combination of primary and secondary investments valuing the company at $925 million.
The deal represents the first private equity buyout in India’s environmental services sector, and comes as the government seeks to promote environmental management through the Swachh Bharat initiative...
The Blackstone Group has agreed to invest $400 million in YiChang HEC Changjiang Pharmaceutical (HEC Pharm), a Chinese drug developer listed in Hong Kong, through a convertible bond issuance.
Silicon Valley-based seed-stage accelerator Y Combinator (YC) has chosen Qi Lu, the former group president and COO of search giant Baidu, as the founding CEO of its China branch, YC China.
Singapore’s Golden Equator has launched an accelerator in Brunei aimed at helping local small to medium-sized enterprises (SME) expand across Southeast Asia.
Clobotics, a China and US-based computer vision start-up backed by a number of venture capital firms, has raised $11 million in Series A funding.