South Asia
Norwest, Matrix invest Quikr
Norwest Venture Partners and Matrix Partners India have led a $6 million third investment round into leading Indian online classified ads portal Quikr.com, in partnership with Omidyar Network and eBay Inc.
New Silk joins Coffee Day party
New Silk Route Partners has joined Kohlberg Kravis Roberts & Co. and Standard Chartered Private Equity Ltd. as an investor in VG Siddhartha holding company Coffee Day Group, adding $75 million to bring total private equity fundraising to $200 million.
Citi confirms Jhaveri as India head
Citigroup has confirmed the appointment of Pramit Jhaveri as its new head of operations in India, under the title of Citi Country Officer (CCO).
ICICI, Carlyle, Sequoia invest India's Star Health
A consortium including ICICI Venture, the Carlyle Group, and Sequoia Capital India is completing the first private equity deal in India's health insurance space, with a $100 million investment in Star Health and Allied Insurance Co. Ltd.
ICICI Venture exiting Metro Healthcare
ICICI Venture is in the process of exiting its 2006-vintage investment medical diagnostics lab group Metropolis Healthcare, but has yet to fix on a preferred buyer for its 25% stake, according to reports.
Bridging Asia’s infrastructure bottleneck
Infrastructure investors step up
Aditya Birla announces Fund I close
Aditya Birla Capital Advisors has announced the close of its first fund, Fund I, at some Rs.800 crore ($176 million).
LeapFrog targets India microinsurance
LeapFrog Investments, a firm focusing on microinsurance for the world's poor, has just closed a $110 million fund for investment in microinsurance businesses in Asia and Africa, with around a $30 million allocation to India.
Templeton invests Indian oil/gas services
Templeton Strategic Emerging Markets Fund III, a fund of Templeton Asset Management, has announced a $20.6 million investment into India's Shiv-Vani Oil & Gas Exploration Services Ltd.
Ascent recruits Kondur as director
Ascent Capital Advisors India, the former UTI Venture, has recruited Raj P. Kondur, who co-founded ChrysCapital with Ashish Dhawan in 1999, as a director.
Temasek in India energy deal
After much speculation, it appears that Singapore-based Temasek Holdings will invest Rs.1,600 crore ($354 million) in India's GMR Energy in the form of convertible preference shares. The capital is intended to fund further expansion of thermal and hydro...
DTZ hires ex-Citi Asia property head
DTZ Holdings, a UK real estate consultancy, has hired David Schaefer, the former Asia-Pacific head for Citi Property Investors, a Citigroup investment arm, to spearhead its investment management business in Asia.
Asian Genco power win sets no precedent
Test case for India infrastructure a landmark and an anomaly
Robinson said quitting Citi
According to media reports, Mark Robinson, current head of South Asia for Citigroup, has left for a new position at ANZ Banking Group, potentially handing over to Pramit Jhaveri, current Head of Global Banking in India and Vice Chairman of Asia Investment...
IFC to make first solar investment
World Bank investment unit the International Finance Corporation has confirmed that it will inject $10 million into India’s Azure Power, a solar energy service provider, to expedite that company’s nascent power projects in states such as Punjab, Haryand...
GA, Oak Hill in $417 million Genpact stake sale
General Atlantic and Oak Hill Capital Partners are reportedly due to sell some of their remaining stakes in Indian NYSE-listed BPO major Genpact, in a transaction totalling some $417 million.
Kleiner, Sherpalo partly exit Info Edge
Kleiner Perkins Caulfield & Byers and Sherpalo Ventures have reportedly sold some 4.08%, almost their complete stake, in Info Edge, the company behind Indian job search website Naukri.com.
Pru Property appoints new Asia head
Prudential Property Investment Managers, part of the asset-management unit of UK-based insurer Prudential PLC, has appointed Scott Girard, the current CIO of Prudential Investment Management, as its new Asia CEO.
Yes Bank cleantech fund first closing
India's private-sector Yes Bank is reportedly within two to three months of a $80 million first close for its first private equity cleantech fund, according to a public statement by the bank's COO, Alok Rastogi.
Intrasoft exit for Intel Capital
Intel Capital investee Intrasoft Technologies, operator of the India-backed international greetings website 123greetings.com, is reportedly seeking to IPO, with a target valuation of around $45 million.
Sequoia exits Times Internet
Sequoia Capital India has reportedly exited Times Internet, a legacy asset from its previous incarnation as WestBridge Capital Partners, through a management share buyback.
Sequoia's Sabharwal back to ICICI Bank
Rajiv Sabharwal, recruited in 2009 to Sequoia Capital India as an Executive Director, is now reportedly rejoining his old company, ICICI Bank, as a senior GM and head of the lender's retail operations.
Advent's Nayak for Morgan Stanley India head
Morgan Stanley has announced the appointment of PJ Nayak, currently an operating partner in India for Advent International Private Equity, and former head of Axis Bank until 2009, as its new India CEO and country head.
Asian Genco power deal for GA, Goldman, Everstone, Morgan Stanley, Norwest
Singapore-headquartered Indian power generation infrastructure group Asian Genco has received $425 million from a consortium of investors led by Morgan Stanley Infrastructure Partners, including General Atlantic, Goldman Sachs, Everstone Capital, and...