Investments
Indian hospital operater Fortis considers listing real estate investment trust
Indian hospital operator Fortis Healthcare – which lost the months’ long battle for Singaporean hospital asset Parkway Holdings to Malaysian SWF Khazanah Nasional in July – is considering listing its hospital land and building assets in Singapore...
Aureos invests $2.2 million in Thai data center provider
Emerging markets-focused Aureos South-East Asia Managers Ltd. has invested $2.2 million in Thai data center provider Unitrio Technology Co. Ltd. from its South East Asia Fund.
Indian pharma firm seeks PE investments
Pharmaceutical firm Zenox Lifesciences Limited looks to raise INR6 crore ($1.3 million) in private equity investments - funding allocated to business expansion measures such as acquisitions.
Milestone Capital's JVs invest in CARE
Milestone Capital has invested INR75 crore ($17 million) in Indian credit-rating agency Credit Analysis & Research Ltd (CARE) via two of its joint ventures, the Milestone Religare Investment Advisors and Capstone Investment Advisors.
GBS Venture, CM Capital invest in Pathway Therapeutics
New Zealand pharmaceuticals developer Pathway Therapeutics has sparked a private equity round of Series A Funding following its announcement that it is near to marketing a new breast cancer drug.
Vriti Infocom gets $5 million from JAFCO, Intel
JAFCO Asia has led a $5 million Series B round of funding into Indian e-learning and exam-preparation company Vriti Infocom, with existing investor Intel Capital also participating.
Norwest, Xander Group take stake in Sadbhav Infrastructure
PE players Norwest Venture Partners and The Xander Group have taken a more than 22% stake in road- and highway-development focused Sadbhav Infrastructure Project Ltd., forking over INR200 crore ($42.7 million) apiece for their control.
Back to School
Investment into Asia Pacific's education sector, at a glance, appears to be a promising play. Key emerging markets’ GDPs are on the rise, as are levels of disposable household income and consequently a willingness to invest in education. Many of these...
Muthoot raises $9.2 million from Kotak as part of second funding round
One month after Indian non-bank financial company Muthoot raised INR157 crore ($33.6 million) from Baring Private Equity Partners India and Matrix Partners India as part of its first institutional funding round, the company has now garnered an additional...
ChrysCapital raises stake in Gammon India to 9%
PE firm ChrysCapital Management has strengthened its ties to Gammon India, raising its stake in the infrastructure firm from less than 7% to 9% following an INR60 crore ($13 million) investment.
Lighthouse set to invest in iDiscoveri Education
New York- and Mumbai-based PE firm Lighthouse Funds is reportedly leading a $10 million funding round into iDiscoveri Education, an education services and management company.
IFC may invest $30 million into India's Kudos Chemie
The World Bank’s International Finance Corporation (IFC) is set to inject $30 million into fine chemicals maker Kudos Chemie Ltd., as part of a $135 million push to expand the company’s production capacity, according to local reports.
ClinTec gets $12.5 million from Elephant Capital
London-listed PE firm Elephant Capital has infused INR58 crore ($12.5 million) in Indian clinical research group ClinTec International, taking a significant 28.8% minority stake.
Kalpathi Investments takes stake in Primex Healthcare
Kalpathi Investments has reportedly taken a 45% stake in diagnostic-services corporation Primex Healthcare through a round of venture funding for an undisclosed price, which is to be used to expand its operations across the Tamil Nadu region in the next...
IFC leads $7 million financing round in Suvidhaa Infoserve
The World Bank’s International Finance Corporation (IFC) has led a $7 million round of funding into Suvidhaa Infoserve, with existing investors Norwest Venture Partners and Reliance Venture Asset Management also reportedly contributing to the financing.
Indian Venture Partnership picks up Gensol stake
India’s Gensol Consultants, a carbon-solutions provider, is set to receive $4-6 million from Maryland-based India Venture Partnership, which is to take a 15-20% stake in the company in exchange.
Blackstone's Indian power trip
The Blackstone Group looks to be eyeing India’s power industry in a big way, with its country chairman announcing that the global firm may pump $1 billion into the sector, coming off the back of its $300 million investment in power developer Moser Baer...
IL&FS Karuturi deal comes up smelling of roses
IL&FS Investment Managers has invested INR75 crore ($16.1 million) in Indian exporter of cut roses Karuturi Global, taking a more than 6.5% stake in the company, as it looks to raise $150 million to expand and diversify its business.
Sequoia India hands $12.9 million to Quick Heal Technologies
Sequoia Capital India has injected INR60 crore ($12.9 million) of growth capital in Quick Heal Technologies, an India Internet security tools and anti-virus technology firm, with the funds used to launch more products, expand its distribution markets...
Baring may invest $15 million in Shilpa Medicare
Baring Private Equity Partners India is considering a reported INR70 crore ($15 million) investment in pharmaceuticals manufacturer Shilpa Medicare, weeks after news surfaced that Tano Capital had sold its stake in the company to earn 4.5x return on its...
SAIF invests $21.6 million for minority stake in Catmoss Retail
SAIF Partners has infused INR100 crore ($21.6 million) into Indian children’s clothing chain Catmoss Retail, taking a significant minority stake in the company worth an estimated INR500 crore ($106.9 million), according to local reports.
Subhkam invests in Nicheken Technologies
Subhkam Ventures’ debut India-focused fund, Subhkam Growth Fund I, has reportedly invested an undisclosed amount in electronics and telecommunications training firm Nicheken Technologies as part of the company’s first institutional round of funding.
Suzlon may sell 25% stake in REpower to PE players
Top Indian wind-power firm Suzlon Energy is reportedly in talks with private equity players including TPG Capital to sell a 25% stake in its REpower subsidiary in a deal that could fetch $500 million.
PE investors eye 10% stake in NICE toll way
India's Nandi Infrastructure Corridor Enterprises (NICE), a subsidiary of BF Utilities, is looking to sell a 10% stake in the first phase of its marquee project, the 164 km tollway between Bangalore and Mysore, to private equity investors for $100 million,...