Hong Kong-based private equity real estate investor Gaw Capital has reached a first close of $700 million on its fifth Asia-focused real estate fund.
The first close represents more than half of the $1.3 billion target size for the fund, which launched in late 2015. AVCJ understands the final close is expected by September. Gaw launched the vehicle...
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.