PIPEs
IDFC Alternatives to buy stake in Indian power project
IDFC Alternatives has agreed to buy a 23.5% stake in ONGC Tripura Power Company (OTPC) for INR4.26 billion ($68.5 million). The purchase will be made through the India Infrastructure Fund II.
PEs seek a harvest in rural India
A tractor is one of the most versatile tools on a farm, but it is out of reach for many in rural India because they have no access to credit.
Magma Fincorp raises $80m from KKR, Leapfrog, IVFA
Magma Fincorp, an Indian non-banking finance company (NBFC), has raised INR5 billion ($80 million) from KKR, LeapFrog Investments, and India Value Fund Advisors' (IVFA) Indium V.
ChrysCapital invests $8.4m in South Indian Bank
ChrysCapital Partners has paid INR527.8 million (about $8.4 million) for a stake in listed lender South Indian Bank (SIB).
Fosun buys $138 million stake in Thomas Cook
Chinese investor Fosun International has purchased a 5% stake in UK-based travel agent Thomas Cook Group for GBP91.8 million ($138 million).
Alibaba affiliate to invest $383m in China’s Enlight Media
Hangzhou Ali Venture Capital, a VC subsidiary owned by Alibaba Group founders Jack Ma and Simon Xie, has acquired a RMB2.4billion ($383 million) stake in Chinese TV and movie producer Enlight Media.
Accel, Matrix invest $111m in NZ accounting software firm
Accel Partners, and existing investor Matrix Capital, have together invested NZ$147.2 million ($111 million) in New Zealand-listed accounting software developer Xero.
Creador invests $21.7m in India’s PC Jeweller
Southeast Asia and India-focused GP Creador has acquired a minority stake in PC Jeweller, a publicly-listed Indian jewellery retail chain, for INR1.35 billion ($21.7 million).
Creador invests $16.2 m in India's Ashiana Housing
Southeast Asia and India-focused GP Creador has paid INR1 billion ($16.2 million) for a minority stake in Ashiana Housing, a publicly-listed Indian property developer.
China’s Heaven-Sent Capital invests $32m in media enterprise
Chinese private equity firm Heaven-Sent Capital has invested RMB200 million ($32 million) in Great Wall Movie and Television, a Shenzhen-listed television and movie producer.
CITIC PE, Beijing Enterprises Water to buy majority stake in Jin Cai
CITIC Private Equity has teamed up with Beijing Enterprises Water Group to acquire a majority stake in Jin Cai Holdings, a Hong Kong-listed cigarette packaging manufacturer that wants to enter the clean energy space.
Shanghai mobile marketing firm gets $35m in PIPE financing
Dodoca Information Technology, a Chinese enterprise mobile marketing solutions provider, will raise RMB222 million ($35 million) from investors including Shenzhen Capital Group and its mutual fund arm Hotland Innovation Asset Management.
Clearwater makes partial exit from India's Oricon
Special situations investor Clearwater Capital Partners has made a partial exit from Mumbai-listed diversified company Oricon Enterprises, selling a 2.9% stake via an open market trade.
China Merchants invests $67m in United Photovoltaics
China Merchant Fund Management, an investment arm of China Merchants Bank, has subscribed to RMB420 million ($67 million) worth of convertible bonds issued by solar plant operator United Photovoltaics.
RRJ, IFC invest $85m in China Everbright Water
RRJ Capital and the International Finance Corporation (IFC) have agreed to subscribe to S$113.5 million ($85 million) in new shares issued by China Everbright Water, a Singapore-listed environmental protection and alternative energy business.
Yunfeng joins $1.6b deal for China drug maker Baiyunshan
Yunfeng Capital and other investors have agreed to invest up to RMB10 billion ($1.6 billion) in Chinese drug maker Guangzhou Baiyushan Pharmaceutical Holdings.
JD, Tencent invest $1.55b in Chinese online auto platform
Chinese online retailer JD.com and its investor Tencent Holdings have formed strategic partnership with Bitauto, committing $1.55 billion in the auto e-commerce operator and its investment unit.
L Capital Asia leads cornerstones for Asiaray Media’s HK IPO
L Capital Asia, is participating as a cornerstone investor in Greater China out-of-home advertising company Asiaray Media Group’s Hong Kong IPO, which is targeting up to HK$772.2 million ($99.5 million).
Ping An energy fund invests $160m in United Photovoltaics
Chinastone Capital Management, an energy-focused investment firm backed by Ping An Insurance, has acquired HK$1.26 billion ($160 million) worth of convertible bonds in solar plant operator United Photovoltaics Group.
Carlyle to pay $483m for GE's AsiaSat stake, launch take-private
The Carlyle Group has agreed to acquire General Electric’s (GE) interest in Asia Satellite Telecommunications (AsiaSat) for up to HK$3.75 billion ($483 million) and then make a buyout offer for the Hong Kong-listed company.
Lombard, Leapfrog buy RSA's stake in Thai insurer
Lombard Investments and LeapFrog Investments have acquired a 21.75% stake in Thailand’s Syn Mun Kong Insurance (SMK) from Royal & Sun Alliance Group (RSA) for THB1.89 billion ($57.5 million).
TPG-backed retailer Li Ning seeks to raise $218m
Struggling Chinese sportswear retailer Li Ning plans to raise up to HK$1.69 billion ($218 million) through a share offering, with existing investors TPG Capital, Milestone Capital and GIC Private all agreeing to participate.
Hony takes a trip to Tuniu
A private funding round was not Tuniu’s original plan. Earlier this month, the US-listed Chinese online package tour provider informed regulators that it wanted to raise $100 million via a public offering.
Hony leads $148m investment in VC-backed tour operator Tuniu
Hony Capital has led a $148 million round of funding for Tuniu, a US-listed Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital.