CITIC Capital has invested NZ$30 million ($20 million) in Tourism Holdings, a New Zealand-listed travel services company that specializes in recreational vehicle rentals.
The Chinese private equity firm is investing via a vehicle known as the International Tourism Fund at a price of NZ$4.02 per share. The stock climbed 2% to NZ$4.10 following the investment and was trading...
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).