South Asia
Obama announces OPIC investment in South Asia Clean Energy Fund
During an official visit to India, US President Barack Obama announced a $100 million commitment from US policy investor the Overseas Private Investment Corporation (OPIC) to the $300 million South Asia Clean Energy Fund, managed by the Global Environment...
3i announces $182 million GVK Energy investment
3i Group has announced a $182 million investment from its 3i India Infrastructure Fund as leader in a total RS1200 crore ($260 million) funding round for GVK Energy Ltd., a subsidiary of leading Indian infrastructure developer GVK Power and Infrastructure...
ICICI Venture sells RFCL to PE-backed Avantor Performance Materials
ICICI Venture has sold its 85% stake in Indian biotech firm RFCL to PE-backed chemical developer Avantor Performance Materials.
Helion, Accel invest $2.8 million in Indian fashion site Exclusively.In
Accel Partners India and Helion Venture Partners have jointly invested $2.8 million into Indian membership-only fashion, jewelry, home decor and travel web destination Exclusively.In, in the company's first institutional and angel round of funding, according...
India’s all-inclusive infrastructure rollout
Huge infrastructure development schemes have been underway across most of Asia’s developing economies for some years now, especially in India and China.
Mandhana appointed as IDFC PE Managing Partner
IDFC has announced the appointment of Satish Mandhana, formerly Managing Director with IDFC Private Equity, as Managing Partner and head of the firm, succeeding Luis Miranda, who will now step down to be non-executive chairman of IDFC PE.
IL&FS fund fully exits ABG Shipyard, seeing 4x returns
IL&FS Investment Managers Ltd’s Leverage India Fund (LIF) has fully exited its five-year investee ABG Shipyard Ltd. (ABG) through the public markets, reporting 4x returns on its investment.
JPMorgan, GIC investee Ballarpur seeks paper listing on LSE
Ballarpur Industries, which claims to be India's largest paper manufacturer, plans to set up a new UK-incorporated holding company for its unit Ballarpur International Graphic Paper Holdings (BIGPH), 20.47% invested by JPMorgan Principal Investment and...
BlackBerry Partners fund plans to raise $150 million to invest BRIC mobile opportunities
BlackBerry Partners Fund, a VC firm backed by Research In Motion Ltd., Thomson Reuters, Royal Bank of Canada and other major investors, reportedly plans to raise at least $150 million for a new vehicle to make investments in mobile-phone software companies...
Warburg Pincus set to take stake in Quest Global, outbidding rival funds
Warburg Pincus is reportedly set to make a $60 million investment in aeroengineering and manufacturing consultancy Quest Global, coming one month after the PE industry’s biggest names entered the arena to take a stake in Quest.
Abraaj Capital launches independent MENASA hedge fund
Middle Eastern PE major Abraaj Capital has launched an independent hedge fund business focused on public securities across the Middle East, North Africa and South Asia (MENASA).
Entrepreneur Ajay Piramal may sell PE fund to international PE players
Indian entrepreneur Ajay Piramal, associated with pharmaceutical and real estate deals, is reportedly set to exit his real estate PE firm Indiareit Fund Advisors, via a sale to PE firms and other international finance institutions.
SBI-Macquarie Infra Fund investee Viom Networks to file for IPO
Indian telco player Viom Networks, backed by the SBI-Macquarie Infra Fund, is set to launch its IPO in Q1 next year, aiming to raise as much as $1.5 billion.
ICICI Venture's infra fund to be buoyed by overseas investors
ICICI Venture has turned to overseas LPs to finance up to $750 million of its $1 billion infrastructure fund, according to reports, which is slated to go toward India’s roads, ports and airports once deployed.
Microfinance in India: helping or hurting?
The landscape for microfinance institutions (MFIs) in India has shifted in light of new legislation in the leading microlending region of Andhra Pradesh, intended to curb over-aggressive debt collecting tactics.
Citadel latest to exit stake in Pipava Shipyard
Global hedge fund Citadel is the latest Pipavav Shipyard investor to exit a stake in the company, selling a 2.06% stake in the Indian shipbuilder for INR103.8 crore ($23.5 million) in the public market.
Matrix Partners hands $11.3 million to Centre for Sight
Matrix Partners has invested INR50 crore ($11.3 million) in New Delhi-based eyecare specialist Centre for Sight, enabling the hospital chain to expand its operations across India via acquisitions and the launch of new facilities.
Actis exits Sri Lanka's Ceylon Oxygen to Linde Group
Actis has exited its 95% stake in Sri Lankan industrial and medical gases business Ceylon Oxygen to global strategic peer The Linde Group, for an undisclosed amount.
Elara, Cresta Fund invest India's Su-Raj Diamonds
Institutional investors Elara Capital and Cresta Fund have jointly invested INR35 crore ($8 million) for a 7.4% stake in Su-Raj Diamonds and Jewellery, in addition to issuing warrants that will enable the company's promoters to raise an an extra INR23.8...
Carlye, KKR, Warburg Pincus ready as India's Hero Honda deal restarts
US PE majors the Carlyle Group, Kohlberg Kravis & Roberts (KKR) and Warburg Pincus are in line to take a 15-18% stake apiece in India's Hero Honda Motors, coming as Japanese auto maker Honda nears its exit from the JV.
Spain's Insolux Corsan hunts $100 million for Indian highways
Spanish construction firm Isolux Corsan is seeking up to $100 million worth of PE backing for infrastructure projects in India, local reports note, in addition to the more than EUR1 billion ($1.4 billion) it has already allocated to highway projects in...
Indian regulators consider legislation to curtail microfinance debt-collecting
Indian regulators have proposed legislation intended to curb over-aggressive debt collecting procedures by microfinance institutions (MFIs) following a series of suicides by borrowers who were allegedly hounded by their lenders.
Symphony-backed Zenith Pharmaceuticals exits nine-year investee Strides Arcolab
Zenith Pharmaceuticals, the majority-owned asset of Symphony Capital, is nearing the completion of its exit from Indian pharmaceutical firm Strides Arcolab, with reports that Zenith is poised to see 5.7x returns on its nine-year investment.
Monsoon Capital takes majority stake in Indian real estate development
Hedge fund Monsoon Capital is handing up to $10 million to real estate firm Value Designbuild as it finalizes a suburban villa project.