KKR, CDH go greenfield in China
KKR isn’t known for backing start-ups, but the risks associated with the firm’s recent foray into dairy farm ownership in China are tempered by the presence of familiar partners. For its first control deal in China and its first greenfield deal globally, KKR has brought in Modern Dairy, a portfolio company since 2008, and CDH Investments, a co-investor in Modern Dairy.
The three investors are putting $140 million into the joint venture, which will see the construction of two, 10,000-cow farms in Shandong province. KKR will take a 61.5% stake, with CDH and Modern Dairy...
More on Investments
Latest News
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.