South Asia
Peepul Capital backs Indian lingerie brand
Peepul Capital has committed INR700 million ($12.8 million) to lingerie and sportswear start-up Brandis Manufacturing and Marketing. The Bangalore-based company will use the funds to expand production facilities and build out its brand.
PE & PR: Private equity’s public face
Private equity is more entrenched and better understood in some Asian markets than others. What do the various stakeholders - entrepreneurs, government, media, public - make of the asset class?
Warburg Pincus increases stake in Future Capital to 68.4%
Warburg Pincus has increased its stake in India financial services firm Future Capital Holdings to 68.4% after acquiring an additional 24.43% stake for INR2.7billion.
Baring, Carlyle eye Warburg Pincus stake in WNS - report
Warburg Pincus is reportedly in talks with The Carlyle Group and Baring Asia over the sale of its 29% stake in Indian business process outsourcing (BPO) firm WNS Holdings.
Carlyle in talks with Prizm for controlling stake – report
The Carlyle Group is reportedly in advanced talks with Sequoia-backed Prizm Payments, India's leading electronic payments service providers, for a controlling stake in the company. The deal is said to value Prizm at $225-250 million, which is equivalent...
Shareholders to vote against Malaysia's KFC take-private bid
A $1.7 billion bid by CVC Capital Partners and the Malaysian state of Johor for the country's two main KFC fast food franchisees has met with opposition from investors.
Sequoia India invests $6.1m in pathology chain
Sequioa Capital has invested INR400million ($7.5 million) in Indian pathology services provider Suburban Diagnositic for a 30% stake.
Anand Prasanna leaves Squadron Capital
Anand Prasanna, an investment director at Squadron Capital has left the firm after five years to join another Asia-focused fund-of-funds. He will start his new job in mid-December.
Bravia Capital in talks with SpiceJet
Hong Kong-based Bravia Capital, which focuses on investment in the transportation and logistics sector, is in talks to invest in Indian budget airline SpiceJet.
DAR Capital launches India movie fund
DAR Capital Group, a London-headquartered investment banking and private equity firm, has launched a INR1 billion ($18.6 million) movie fund that will provide financing to projects throughout India. It is among the first vehicles to be approved under...
Fidelity commits $74m to India’s Trivitron Healthcare
Fidelity Growth Partners India has invested INR4 billion ($74.4 million) in medical technology firm Trivitron Healthcare. The funding will be used to make lateral acquisitions in Europe and the US as well as to improve the Chennai-headquartered company’s...
GE Capital to invest in Biocon’s research services subsidiary
GE capital, the private equity arm of General Electric, has agreed to invest INR1.25 billion ($23 million) for a 7.69% stake in Syngene, a subsidiary of India’s Biocon.
New Silk Route to buy Nando’s India franchise – report
New Silk Route (NSR) will reportedly acquire a 74% stake in the Nando’s India franchise as it continues efforts to build a platform of India restaurant assets.
Axis CEO Arun Korati to join IL&FS – report
Arun Korati, managing director and CEO of Axis Private Equity, is reportedly stepping down to join IL&FS Investment Managers (IIML), the private equity arm of Infrastructure Leasing & Financial Services (IL&FS).
LPs chose direct route into Indian property
APG Asset Management, the group responsible for one-third of all collective pension schemes in the Netherlands, plans to make direct investments into Indian real estate rather than make commitments to private equity funds.
Dhingana raises $7m in Series B funding from VC players
Lightspeed Venture Partners has led a $7 million Series B funding round for Dhingana, a Indian social music streaming site. Existing investors Inventus Capital Partners and Helion Venture Partners also participated.
Mumbai Angels to launch $20m sidecar fund
Mumbai Angels, an Indian investment firm focusing on early stage companies, is to launch a maiden sidecar fund of INR1 billion ($20 million) next month.
Nomura to launch Indian infrastructure fund next year
Japanese financial group Nomura Holdings has announced it will launch an India-focused infrastructure fund as early as next year.
Mayfield backs Indian Incubator AngelPrime
Mayfield Fund will take a majority interest in AngelPrime, a Bangalore-based incubator. The investment will be used to support operations as well as seed capital for companies that AngelPrime plans to incubate over the next three years.
FLAG buys Asian fund-of-funds Squadron Capital
Asia-focused fund-of-funds Squadron Capital has been sold to FLAG Capital Management. The acquisition will take US-based FLAG’s assets under management to $6 billion, up from $4.5 billion, and broaden its product offering across private equity, venture...
India’s Rain Commodities buys Triton-owned Rütgers
Indian industrial group Rain Commodities has agreed to buy Rütgers, a German chemicals producer, from Northern Europe-focused private equity firm Triton. With an enterprise value of EUR702 million ($918 million), the deal is by some distance the largest...
Matrix, Lightspeed invest $5m in India's LimeRoad
Matrix Partners and Lightspeed Venture Partners have invested $5 million in Series A funding for LimeRoad.com, a social commerce site aimed at women in India.
Accel, Tiger Global back Series B round for India's Commonfloor
Indian real estate and apartment management portal Commonfloor.com has raised a second round of funding from Accel Partners, an existing investor, and Tiger Global Management.
Majmudar & Partners makes new hire
Majmudar & Partners, an international law firm based in Mumbai, has appointed Christopher Krishnamoorthy as an associate partner.