Expansion
Creation Investments leads $6.4m Sonata Finance round
Sonata Finance, an Indian microfinance institution (MFI), has raised INR350 million ($6.4 million) in a Series D financing round led by Chicago-based Creation Investments. Promoter Anup Kumar Singh and two existing investors in the company - family office...
CLSA Capital Partners invests $15m in India's Earth Water
CLSA Capital Partners (CLSA CP) has invested $15 million for a 20% stake in New Delhi-based Earth Water Group (EWG), a water and wastewater management company.
IFC considers loan for India wind power portfolio company
International Finance Corporation (IFC) may provide a $19 million loan to India’s NSL Group to support the development of a wind farm in the western state of Maharashtra. IFC already holds a 9.3% stake in the NSL subsidiary responsible for the project...
China, Russia sovereign funds invest in forestry firm
China and Russia’s sovereign wealth funds will invest $200 million for a minority stake in Russia Forest Products. This will be the first investment channeled through the Russia-China Investment Fund, a joint private-equity fund established by China Investment...
Northstar, GIC in $200m Indonesian oil deal
Northstar Pacific Partners and Government of Singapore Investment Corporate (GIC) have reportedly invested $200 million in Triputra Agro Persada, an Indonesia oil producer. It isn’t the first time the two have co-invested in natural resources deal, but...
NVP backs Indian healthcare clinics with $4.5m
Norwest Venture Partners (NVP) has invested INR250 million ($4.5 million) in NationWide Primary Healthcare Services, an Indian retail chain of primary care clinics.
Kaizen commits $4.5m to Indian school management firm
Kaizen Private Equity has invested INR250 million ($4.5 million) for a minority stake in Altus Learning, an Indian school management firm. The funding will be used to help the Gujarat-based operator expand in northern India.
Baring, Aditya Birla circle Anu Solar Power stake - report
Baring Private Equity Partners and Aditya Birla Private Equity are reportedly vying for a 20% stake in Anu Solar Power, in a deal that could value the Indian renewable energy player at INR5 billion ($89.6 million).
Blue Sky PE injects $3 million into Australian caterer
Blue Sky Private Equity has funneled A$3 million ($3.1 million) into Oil Industry Catering & Services, a provider of catering and support services to the Australian mining industry.
UPDATE: PE group invests another $150m in Zhaoheng Hydropower
Morgan Stanley Infrastructure Partners, Fountainvest Partners and Olympus Capital have together invested $150 million in Shenzhen-based Zhaoheng Hydropower, matching a commitment they made two years ago. The total consideration is said to be the largest...
Blackstone commits $44m to Indian fragrance maker
The Blackstone Group has paid INR2.43 billion ($43.69 million) for a 33% stake in SH Kelkar & Company (SHK), India's largest fragrance and flavor company.
Olympus-backed DM Healthcare outlines India spending plans
Olympus-backed DM Healthcare, a Dubai-based healthcare services provider which gets a majority of its business in the Middle East, will invest INR15 billion ($270 million) in India. The company hopes this will help boost overall revenues by 40% to INR23...
China Renaissance advises alcohol site on Series C round
VC firm China Renaissance acted as a financial advisor to alcohol B2C e-commerce company Jiuxian.com on its RMB200 million ($31.5 million) Series C round led by hedge fund manager Richland Capital.
Shandong Heavy invests $922m in PE-backed Kion
Weichai Power, a Chinese automotive and equipment manufacturer owned by Shandong Heavy Industry, will invest EUR738 million ($922 million) in Kion, the German forklift truckmaker backed by KKR and Goldman Sachs. It is the largest Chinese direct investment...
India's Kalyani Group to sell wind energy stake to PE – report
The Kalyani Group, the Indian industrial conglomerate, is reportedly in talks with private equity firms to sell a stake in its wind energy business, Kenersys. In addition to diluting Kalyani’s controlling interest, the deal would allow the partial exit...
Mandarin, Hony to support Zoomlion spin-off
Mandarin Capital Partners will team up with Hony Capital to finance the spin-off of Chinese construction equipment manufacturer Zoomlion's sanitation machinery business. It is one of two deals - together worth around EUR100 million ($125 million) - that...
IFC invests $47m in China's Fosun Pharma
International Finance Corporation (IFC), the private investment arm of the World Bank, has agreed to provide RMB300 million ($47 million) in funding to Fosun Pharma, one of China’s leading drug companies. The investment will help Fosun scale up the production...
India Value Advisors to invest $179m in Manipal Hospitals
India Value Advisors (IVFA) will commit about INR10 billion ($179 million) to Manipal Hospitals over a three-year period, enabling the healthcare provider to more than double its hospital bed capacity. Part of this increase will come through acquisitions....
SCPE scores proprietary cryogenic storage deal
A captive private equity firm has a number of advantages. Fundraising is never an issue, there is an abundance of manpower and the parent’s contacts can be leveraged for deal origination purposes.
Actis backs Chinese kitchen equipment designer
Emerging markets private equity firm Actis has invested in Vesta, a major Chinese commercial kitchen equipment company.
VC-backed Flipkart raises Series D round of funding
Indian online retailer Flipkart has completed a Series D round of funding from new investors MIH, part of the South Africa-based media platform Naspers, and San Francisco-based ICONIQ Capital. Existing backers Tiger Global and Accel Partners also participated....
SMC Capital backs Chinese horse-breeding company
SMC Capital China, a subsidiary of Hong Kong-based private equity and alternative asset manager Simon Murray Group, will invest an initial RMB60 million ($9.4 million) in a joint venture with Khorchin Rider Horse.
JAFCO invests $5m into VC-backed Bubble Motion
JAFCO Asia has invested $5 million in Bubble Motion, a voice blogger service provider backed by venture capital players including Sequoia Capital.
Fidelity Growth invests $20m in US-based AbsolutData
Fidelity Growth Partners India has committed $20 million to AbsolutData, a San Francisco-based data analytics services provider. The investment will be used to scale up its global delivery footprint.