KKR has made the second investment from its global impact fund in Asia, participating in the previously-announced acquisition of Indian environmental services provider Ramky Enviro Engineers (REEL).
According to a release, KKR Global Impact joined the GP’s third pan-Asia fund in committing around $510 million for a 60% stake in REEL consisting of primary and secondary shares. The impact fund launched...
Exits remain challenging in Southeast Asian private equity, but LPs see a growing willingness among the region’s GPs to take this difficulty into account when planning their investments.
Alibaba Group has led a $150 million Series D round of funding for Knowbox, a Chinese education start-up that develops a range of mobile apps aimed at students and teachers.
EBay has acquired a 5.5% stake in Paytm Mall, the e-commerce arm of Indian online payments platform Paytm.
Switzerland-based private equity firm Vaalon Capital and Netherlands investor IFSD BV have provided a combined $15 million to Indian financial and enterprise services provider MyMoneyMantra (MMM).