The International Finance Corporation (IFC) plans to invest $10 million in the second fund raised by India Alternatives, a division of IIFL Wealth Management. The vehicle has an overall target of $70 million.
According to a disclosure, IFC will also contribute $500,000 for co-investments in certain companies alongside the fund. This will be done under the We-Fi investment program, a scheme that seeks to support...
PAI Capital, a Hong Kong and London-based asset manager that primarily caters to high net worth individuals (HNWIs) has paid RMB1.45 billion ($212 million) for a 24.22% stake in Vtron Group, a Shenzhen-listed video display systems manufacturer.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners have sold the remainder of their interest in Vietnamese dairy producer International Dairy Products (IDP).
A consortium led by China Resources Capital (CR Capital) has agreed to acquire a 65% stake in Hong Kong retail and supermarket operator City Super Group.
Indian online used car marketplace Spinny has acquired local counterpart Truebil, setting up several venture capital exits.