South Asia
Temasek buys NYSE's NSE stake
Singapore SWF Temasek Holdings has said publicly that it will invest in the National Stock Exchange of India, buying a 5% stake from NYSE Euronext.
BoA rehires Bhatia for India
Bank of America-Merrill Lynch has rehired Asit Bhatia, who left the firm in October 2009, as managing director for corporate and investment banking in India.
IFC to back Lok II
The International Finance Corporation (IFC), the private investment arm of the World Bank, will commit $15 million as an anchor investor for Lok II, the $80 million vehicle recently launched by Indian microfinance investor Lok Capital.
CVCI names Nair for India
CVC International has announced that Sunil Nair, MD, Partner and Regional Head for CEEMEA (CEE, Middle East and North Africa), will be expanding his remit to cover India.
Accel, Kitven back Mitra Biotech
Accel Partners and local Indian VC Karnataka Information Technology Venture Capital Fund (Kitven) have jointly invested an undisclosed amount in Mitra Biotech, which is developing a personalized cancer diagnostic platform.
Goldman recruits Chatterjee from ICICI for India
Goldman Sachs is recruiting a new India co-CEO with the hire of Sonjoy Chatterjee, hitherto a board member at ICICI Bank.
Kotak contemplates multiple exits
Kotak Investment Advisors is considering exits for up to five of its portfolio companies, including Bharat Fritz Werner, BVG India, Home Solutions Retail, Metahelix Life Sciences, and SIRO Clinpharm, according to Indian reports.
Actis said launching $2 billion roads JV with Tata
UK emerging markets investor Actis Capital is launching a JV with Indian conglomerate Tata Group to invest up to $2 billion over five years in India's roads.
Sequoia hits gold with Manappuram
Sequoia Capital has exited its 11% stake in Manappuram General Finance and Leasing, a non-bank financial company specializing in loans based on gold.
Carlyle may part exit Claris
The Carlyle Group is likely to exit at least part of its almost 14% stake in Indian drugs firm and IPO candidate Claris Lifesciences, according to reports.
Garg leaves Bessemer seeking semi role
Devesh Garg is leaving his post as Managing Director with Bessemer Venture Partners in India to seek positions at semiconductor companies in the US.
Reliance PE goes to school with Pathways
The first private equity investment to be made by Reliance Capital’s PE arm is in the much-touted Indian education sector.
SC Asia sells DLF stake for $696 million
Private equity investor SC Asia has sold most of its stake in DLF Assets, an Indian real estate management and investment firm, to its parent DLF Ltd., for some $696 million.
Bessemer, Olympus investee Orient Green Power plans IPO
Bessemer Venture Partners and Olympus Capital investee Orient Green Power Company, a renewable energy developer, has filed with SEBI in India for an IPO, seeking to raise over $200 million.
AIF announces Famy India contraceptive deal
AIF Capital has announced that AIF Capital Asia III LP and its affiliates have invested $40 million into Famy Care Ltd., a Mumbai-based pharmaceuticals manufacturer.
Coller EMPEA Survey: great expectations
THE LATEST EMPEA/COLLER Capital Emerging Markets Private Equity Survey, based on a poll of 151 institutional investors worldwide conducted by AVCJ Group’s sister organization IE Consulting, shows new levels of commitment and interest for emerging markets...
TPG joins Bain on Lilliput
TPG Capital's growth capital arm is joining Bain Capital in its investment in Delhi-based children's clothing business Lilliput Kidswear.
Helion, Nexus join DFJ on PubMatic
Indian VC firms Helion Ventures and Nexus India Capital Advisors have joined Draper Fisher Jurvetson in a $7.5 million Series C round for their existing investee PubMatic, an online ad revenue optimization business based in California.
Trikona exiting Fortis
Trikona Trinity Capital, a listed private equity firm floated on London's AIM board, is reportedly exiting its pre-IPO investment in India's Fortis Healthcare in stages.
Subramaniam plans own firm
N. ‘Subbu’ Subramaniam, who resigned as a partner of Baring Private Equity Partners India (BPEP India) in August 2009, is now planning to launch his own private equity firm, according to reports.
Walden announces duet of deals
Veteran Asia Pacific VC investor has announced two new deals, one in China, with a Series B financing of Best Logistics Technologies, and one in India, with an expansion round for Quattro BPO Solutions.
Dissecting the Asian infrastructure opportunity
If Asian infrastructure is one of the major upcoming global investment themes, China is its kingpin.
GMR seeks further funds after Temasek
After recently agreeing a $200 million investment deal with Singapore SWF Temasek Holdings for its GMR Energy arm, India's GMR Group has indicated that it still seeks a further $100 million of private equity investment.
Ashmore partners with PTC on India fund
Ashmore Investment Management, the London-headquartered emerging markets investment manager, has partnered with PTC India, a power trading solutions company, on a private equity fund to be launched later in the year, according to PTC.