Warburg Pincus gets FIPB approval for Future Capital deal
Warburg Pincus has won approval from India’s Foreign Investment Promotion Board (FIPB) for a INR8.08 billion ($145 million) investment in non-bank finance company (NBFC) Future Capital Holdings.
According to an FIPB release, Cloverdell Investment - a Mauritius-incorporated affiliate of the private equity firm - will own part of an NBFC engaged in housing finance, stock and commodity broking, depository...
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Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.