Expansion
Navis's Bangkok Ranch ducks out with UK deal
Navis Capital has injected $50 million into Thai investee Bangkok Ranch Co. Ltd., according to AVCJ sources, as part of the latter's c.$100 million 100% acquisition of UK duck business Cherry Valley Farms, Ltd.
Ramnath gets Multiples first close at $250 million
Multiples Alternate Asset Management, the private equity vehicle launched by former ICICI Venture MD and CEO Renuka Ramnath, has had a first closing at $250 million, against a $450 million target.
Actis, Goldman, Morgan Stanley's Taizinai collapses with $440 million debts
Actis Capital, Goldman Sachs, and Morgan Stanley investee Hunan Taizinai Group, a PRC dairy company, has gone into provisional liquidation with RMB3 billion ($440 million) in debt.
Bain goes to Lilliput in India
Bain Capital India is to invest some $79 million for an undisclosed stake - thought to be at least 10% - in Lilliput Kidswear, a Delhi-based manufacturer of children's apparel and accessories.
Clearwater ups Diamond Power stake in India
Clearwater Capital Partners has taken a larger stake in Indian power transmission and services company Diamond Power Infrastructure Equipment with a 2.2% secondary market purchase for around $2.25 million, taking its total holding to some 13.77%.
Summit Partners invests Krishidhan Seeds
Summit Partners, a long-established Boston-headquartered growth capital investor, has announced a $30 million minority investment into Krishidhan Seeds Ltd. (KSL), claimed to be one of the Subcontinent's top five seeds businesses, with strong commitment...
CX debuts with Monnet Ispat investment
CX Partners has reportedly acquired an 8% stake in Indian steel and power group Monnet Ispat and Energy for some $34 million in a secondary market trade, in its first investment since its formation in 2008.
OrbiMed invests Bharat Serums
Healthcare specialist investor OrbiMed Advisors has invested an undisclosed amount in Indian pharma biotech business Bharat Serums and Vaccines Ltd., in its second deal on the Subcontinent.
Blackstone invests world's biggest newspaper with Jagran
In its latest India deal, the Blackstone Group is planning to invest some $50 million in the holding company of print media player Jagran Prakashan, for an undisclosed minority stake.
Matrix invests Bhartiya Samruddhi Finance
Matrix Partners India has participated in a $26.6 million investment round into Bhartiya Samruddhi Finance Ltd. (BSFL), a microfinance and livelihood promotion business founded by social entrepreneur Vijay Mahajan.
CLSA invests India microfinance
CLSA Capital Partners has invested $24 million for a minority stake in Equitas Micro Finance India, a Chennai-based company providing microfinance to Indian low-income households.
Hopu leads Winsway coke deal
Hopu Investment Management has led a $110 million investment for around 20% of Winsway Coking Coal Holdings, a PRC coal logistics company.
Prax puts $15 million in agroscience
Prax Capital Management, a Greater China-focused private equity firm, has made a $15 million investment in Rotam Global AgroSciences Ltd., a leading crop protection company headquartered in Hong Kong.
Bain ups Himadri stake
Bain Capital has increased its stake in Indian chemicals play Himadri Chemicals & Industries Ltd., its first India investment, from 15% to 25%, paying $35 million.
New Silk joins Coffee Day party
New Silk Route Partners has joined Kohlberg Kravis Roberts & Co. and Standard Chartered Private Equity Ltd. as an investor in VG Siddhartha holding company Coffee Day Group, adding $75 million to bring total private equity fundraising to $200 million.
Japan's INCJ backs Alps Electric
State-backed Innovation Network Corporation of Japan(INCJ) has decided to inject JPY3 billion ($3.2 million) into a new company spun off from Alps Electric Co, a Japanese electrical parts producer, in its first round of investment.
ICICI, Carlyle, Sequoia invest India's Star Health
A consortium including ICICI Venture, the Carlyle Group, and Sequoia Capital India is completing the first private equity deal in India's health insurance space, with a $100 million investment in Star Health and Allied Insurance Co. Ltd.
LeapFrog targets India microinsurance
LeapFrog Investments, a firm focusing on microinsurance for the world's poor, has just closed a $110 million fund for investment in microinsurance businesses in Asia and Africa, with around a $30 million allocation to India.
Carlyle makes first Saudi investment
The Carlyle Group has made its first investment in Saudi Arabia with a 30% stake in the country's General Lighting Co., its largest lighting fixture manufacturer.
Pacific Road invests Oz Carbon Energy
Australian private equity firm Pacific Road Capital Management will reportedly pick up a 10% stake in locally-listed coal gasification business Carbon Energy from the national Commonwealth Scientific and Industrial Research Organisation (CSIRO).
CHAMP Ventures invests Oz woman's fitness wear
CHAMP Ventures Pty. Ltd.,the venture capital affiliate of Australian private equity firm CHAMP Private Equity, has taken a significant minority stake, apparently not far under 50%, in Brisbane-based women's fitness wear retailer Lorna Jane.
3i debuts new growth fund
3i Group has launched its new growth capital fund at GBP1.1 billion ($1.6 billion) of assets under management, with $533 million provided by third-party investors - the first time 3i has funded a growth vehicle externally rather than exclusively from...
JAFCO invests Japan headhunter
JAFCO, one of the largest venture capital firms in Japan, invested JPY217 million ($2.4 million) in Biz Reach Inc., a Japanese recruitment site operator, through its JAFCO Super V3 Kyoyu Fund.
IDG, SBI, others back China biotech
A VC investor group led by IDG-Accel, SBI & TH Venture Capital Enterprise, has made an investment totaling $16 million in OriGene Technologies, Inc., a Chinese gene-centric life sciences device company dedicated to support academic, pharmaceutical and...