South Asia
India's Fortis weighs competing buyout offers
Indian healthcare service provider Fortis Healthcare (FHL) has formed a panel to evaluate several competing investment offers, including bids of INR61 billion ($933 million) from TPG Capital-backed Manipal Hospital Enterprises (MHEPL) and INR101 billion...
Paragon leads $20m round for India's Chai Point
Paragon Partners has led a $20 million Series C funding round for India-based Chai Point, a chai tea store operator that claims to be the country’s largest brand in its category.
IFC co-leads $22m Series C for India's Coverfox
The International Finance Corporation (IFC), the investment arm of the World Bank, has co-led a $22 million Series C round for Indian online insurance marketplace Coverfox.
Everstone to co-manage $710m India green infra fund
Everstone Capital has been chosen by the governments of India and the UK as a co-manager of the Green Growth Equity Fund (GGEF), a PE vehicle set up to invest in sustainable infrastructure projects in India with a target of GBP500 million ($710 million).
TR Capital completes two India direct secondary deals
TR Capital has completed secondary direct investments in two India-based businesses, microfinance specialist Arohan Financial Services and eyewear chain Lenskart Solutions.
India's Multiples loses CFO Prakash Nene
Prakash Nene, the managing director and CFO of Indian PE firm Multiples Alternate Asset Management, has resigned from the firm citing personal reasons.
Samena invests in India hotel operator
Samena Capital has invested in Imperativ Hospitality, an India-based budget hotel management company that operates under the Bloom Hotels brand.
Sequoia seeks up to $3.1b for China, India
Sequoia Capital plans to raise up to $3.1 billion for deployment in China and India across seed, venture and growth strategies.
Lone Star, India’s Rattan to launch NBFC
Lone Star Funds and the RattanIndia Group will jointly invest INR26 billion ($400 million) to launch a new non-banking financial company (NBFC).
India's Reliance to acquire VC-backed Embibe
Indian conglomerate Reliance Industries has agreed to invest up to $180 million for a 73% stake in Embibe, a domestic educational technology start-up backed by Kalaari Capital and Lightbox Ventures.
VIDEO: Vertex Holdings' Kee Lock Chua
Kee Lock Chua, CEO of Temasek-owned Vertex Holdings, discusses venture capital trends in Asia
Fund focus: SeaLink’s patience pays off
Four years after its founders left their previous jobs with KKR in India, SeaLink Capital Partners has closed its debut fund. Now the GP is on the look-out for opportunities in the middle market
IFC proposes $55m investment in Bangladesh's Pran
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a $55 million commitment to Bangladesh-based food and beverage producer Pran Group.
Eight Roads India adds Goldman's Bhatia as partner
Eight Roads Ventures, the proprietary investment arm of Fidelity International, has added Shweta Bhatia, formerly of Goldman Sachs, as a partner in its India office.
TPG, Manipal sweeten deal for Fortis' India hospital business
Manipal Hospital Enterprises (MHEPL), an Indian hospital chain backed by TPG Capital, has submitted a revised buyout offer of INR61 billion ($933 million) for the hospital business of domestic rival Fortis Healthcare (FHL).
Saama closes fourth India VC fund at $100m
Saama Capital has closed its fourth India VC fund at the hard cap of $100 million, just over a year after closing its third vehicle at $57 million.
Everstone-backed Crystal files for India IPO
Crystal Crop Protection, an India-based agricultural chemicals producer, has filed for an IPO that will provide an exit for its private equity backer Everstone Capital.
TPG, CX exit India's Healthium to Apax
Apax Partners has acquired Indian medical devices supplier Healthium Medtech, facilitating exits for TPG Growth and CX Partners.
SoftBank, Alibaba invest $445m in India’s Paytm
SoftBank Group and Alibaba Group have invested $445 million in Paytm Mall, the e-commerce arm of Indian online payments platform Paytm.
ChrysCapital leads $55m round for Indian education NBFC
ChrysCapital has led a INR3.5 billion ($55 million) Series C round for Varthana, an education-focused non-banking finance company (NBFC) based in India.
Tata-backed Varroc files for India IPO
Varroc Engineering, an Indian auto component manufacturer owned by the Varroc Group, has filed for an IPO that will see its private equity backer Tata Capital exit the bulk of its holding.
CDPQ to invest in India's Fundamentum
Caisse de dépôt et placement du Québec (CDPQ) will commit $20 million in a fund managed by India-focused VC firm The Fundamentum Partnership.
India's ReNew acquires Actis-backed Ostro
Indian renewable energy producer ReNew Power Ventures has acquired renewable energy platform Ostro Energy, providing an exit for its PE backer Actis Capital.
India's PE-backed Atria files for IPO
Indian broadband service provider Atria Convergence Technologies has filed for an IPO that will provide partial exits for its PE backers TA Associates and True North.
