Industry
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...
Bain sets conversion of GOME shares
Controversial Bain Capital investee GOME Electrical Appliances Holdings has revealed that Bain will exercise its convertible bond stake in the company before a special meeting scheduled for September 28, giving it a 10% effective position.
TPG announces Chongqing RMB fund
Following yesterday's announcement by TPG Capital of the formal launch of a Shanghai-domiciled RMB fund, the firm has now announced a similarly sized RMB5 billion ($735.5 million) RMB vehicle in Chongqing, in partnership with the Chongqing Municipal...
SIDBI to close third fund at $214 million
Mumbai-based SIDBI Venture Capital is set to close its INR1,000 crore ($214 million) VC fund, its third, which comes in at twice as large as its predecessor, according to local reports.
Gaw Capital raises $373 million for third Asia real estate fund
Gaw Capital, the Hong Kong-based private equity real estate investor, has successfully raised $373.5 million for its third real estate fund, Gateway Capital Real Estate Fund III.
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.
Adveq's Wong leaves in Beijing
Darren Wong, MD of the Beijing office of leading Swiss-headquartered fund-of-funds Adveq Management, has left the firm, with Nils Rode, MD and Co-Head of Adveq's overall investment management practice, assuming management of Adveq's Asian funds business....
New Shenzhen PE rules to support local funds growth
With Shanghai and Beijing already moving to establish their local private equity fund formation rules, Shenzhen in southern China is now launching its own regulatory platform to foster local incorporation of so-called "equity investment funds".
TPG's first RMB fund targets RMB5 billion
US private equity giant TPG Capital has established its maiden RMB-denominated fund, TPG China Partners I, in agreement with the government of Pudong New Area in Shanghai Municipality, with a target size of RMB5 billion ($735.5 million).
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...
CIC may let China Asset Management handle some overseas investments
China Investment Corporation (CIC), China’s $300 billion sovereign wealth fund may appoint China Asset Management Co., the country’s largest fund manager, to oversee part of its offshore investments while the SWF is increasing its international exposure....
NZ government boosts VC fund commitment
The New Zealand government has pledged an additional NZ$40 million ($28.3 million) to the New Zealand Venture Investment Fund, strengthening its commitment to the vehicle in which it has already invested NZ$160 million ($113.13 million).
CICC recruits Barclays' Peng Wensheng
China International Capital Corp. has recruited a new chief economist, Peng Wensheng, the former head of China research with Barclays Capital and an alumnus of the Hong Kong Monetary Authority, according to reports.
Macquarie recruits Garg for TMT
Macquarie Capital has hired Anupam Garg, formerly SVP with Singapore Technologies Telemedia, to be its telecommunications, media, entertainment and technology (TMET) investment banking co-head for Asia.
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...
China Mining United Fund seeks further capital
The China Mining United Fund, which operates an RMB-denominated fund to invest in mining-related businesses, is slated to raise RMB3-5 billion ($442-736 million) for gold, iron ore and other metals projects.
Kendall Court raises $150 million for new mezzanine fund
Kendall Court Partners has raised $150 million for a Southeast Asia-focused mezzanine fund, its second such fund, coming as sentiment toward mezzanine improves with the ending of the GFC.