Expansion
Leverage India Fund got 2.1x from JBF
Leverage India Fund (LIF), a $153.5 million private equity fund managed by IL&FS Investment Managers Limited, has fully exited its holdings in JBF Industries Ltd, which claims to be India’s leading manufacture of polyester-based yarns and related materials.
3i plans new growth fund
London-headquartered investor 3i Group is reportedly planning a £1 billion ($1.6 billion) growth capital fund, seeking chiefly minority positions, though with the option to take control stakes.
Bain Capital makes India debut investment
Himadri leads niche market with opps for aggressive expansion
StanChart gets solar with Sangle
Standard Chartered Private Equity Ltd. (SCPEL), the Singapore-based investment subsidiary of Standard Chartered Bank, has made a $22.3 million investment in Sangle Solar Energy Co. Ltd., a Chinese maker of branded solar water heaters based in Shandong...
Jacob Ballas, NEA, team on FSS deal
Jacob Ballas Capital India and US VC major New Enterprise Associates have reportedly teamed up to invest $60 million in Chennai-based electronic payments player Financial Software & Systems Ltd., for around 40% of the company.
Goldman gets Max India
Goldman Sachs direct investment unit Goldman Sachs Capital Partners has won out over reported interest from Kohlberg Kravis Roberts & Co. in the acquisition of Indian healthcare and insurance provider Max India Ltd.
3i exits PCD Stores through Hong Kong IPO
Luxury China department store success story
DE Shaw exits DLF Assets
DE Shaw has reportedly sold its 36% stake in Indian property trust DLF Assets, netting some $500 million.
Youku Series E nets $40 million
A Series E fundraising round for Chinese online video site Youku.com has raised around $40 million in its first tranche, with Chengwei Ventures leading fellow repeat investors Brookside Capital, Maverick Capital and Sutter Hill Ventures.
SAIF, Manitou list MOBI
SAIF Partners and Manitou Ventures investee MOBI Development Co. Ltd., a PRC radio antenna and base station manufacturer, has listed in Hong Kong.
Providence, SCPEL, shortlisted for MSM
US TMT-focused buyout firm Providence Equity Partners and Standard Chartered Private Equity, the investment arm of the UK’s Standard Chartered Bank, are reportedly shortlisted to acquire a 40-45% stake in Multi Screen Media Pvt Ltd (MSM), a Mumbai-based...
Raghavan sets up Steer Capital
Former Goldman exec and more recently head of India for Candover, Harsha Raghavan has announced the establishment of Steer Partners, rumored to be a partnership with WNS (Holdings) Ltd co-founder Neerj Bhargava.
Honiton seeks new investor
PRC wind power developer Honiton Energy Group has reportedly engaged Morgan Stanley to find a potential buyer for a minority stake, in a deal which could value the whole business up to $250 million.
Coffee Day for StanChart, Temasek, KKR?
Standard Chartered Private Equity Ltd. and Singapore’s Temasek Holdings are reportedly considering a $100-150 million investment into Bangalore-headquartered Coffee Day Holdings, a major Indian coffee growing and retailing concern.