South Asia
Jain leaves IIF
Ajay Jain, one of the founding principals at IDFC Project Equity's $927 million India Infrastructure Fund, is leaving the firm to head the Indian infrastructure initiative of an unnamed US company.
TPG buys into Indian green energy with Greenko
TPG Capital has made its first investment in the country’s clean energy sector, with a c. $35 million buy-in into prominent Indian biomass power generator Greenko, as part of a placement of 51.4 million new shares and a $116 million capital raising...
BTS targets new $150 million Indian clean energy fund
BTS Investment Advisors, a private equity fund jointly headquartered in Zurich and Mumbai, will raise a new $150 million fund focused on the clean energy space.
Religare’s Chakraborty leaves for Oman’s Kitara Capital
Amitabh Chakraborty, formerly head of equity research at Religare Securities, has reportedly quit the leading Indian brokerage to join Kitara Capital, an arm of the Sultanate of Oman’s Ajit Khimji Group, as MD and CIO.
IFC to support Indian hydro with AD Hydro Power
The World Bank’s private investment arm, International Finance Corporation (IFC) has announced it will extend $15 million of equity and $67 million of debt to AD Hydro Power Ltd., a 192-MW project in Himachal Pradesh under joint development by Bhilwara...
Sequoia said investing India's Via
Sequoia Capital India has reportedly made a $10 million investment in Indian B2B online travel site Via, previously invested in by NEA-IndoUS Ventures.
Temasek in talks with GMR for India power
After selling off its stakes in Singaporean power companies, Singapore SWF Temasek Holdings is reported to be in late stage talks with India's GMR Infrastructure to invest some $150 million in its power unit, GMR Energy.
Apollo Asia invests $1 million in Sakthi Sugars Ltd
Apollo Asia Opportunity will buy $1 million of shares, or less than 1%, of Sakthi Sugars Ltd., a South India-based sugar maker engaged in the manufacturing of sugar and industrial alcohol, as well as power generation and soybean products.
India's SMS GupShup shop gets $12 million VC investment
Globespan Captial Partners, a US IT-focused firm, Charles River Ventures, a US early stage venture firm and Helion Venture Partners, an India-focused venture firm, jointly injected $12 million into SMS GupShup, India's largest social network operator.
T. Rowe Price takes UTI Asset stake
Baltimore-headquartered $366.2 billion mutual fund giant T. Rowe Price Group has picked up 26% of UTI Asset Management, India’s fourth largest asset manager, and UTI Trustee Company for $142.4 million, making it the company’s single largest shareholder.
Leopard launches Sri Lanka vehicles
Leopard Capital has followed the $34.1 million final close of its Leopard Cambodia Fund with the announcement that subsidiary Leopard Capital Sri Lanka Ltd. plans to start fundraising for two new local funds, the Leopard Sri Lanka Fund for private equity,...
Carlyle promotes for prospects in Asia
Ying, Balasubrahmanyan made MDs
Aditya Birla makes $248m first fund close
Mumbai-based Aditya Birla Private Equity, a subsidiary of Indian multinational conglomerate Aditya Birla Group, has raised INR6.75 billion ($148 million) for the first close of its debut fund from domestic LPs, as well as $100 million from its parent...
Bessemer makes Gupta MD
Bessemer Venture Partners has promoted BVP India investment director Vishal Gupta to MD in its Bangalore office.
Avigo recruits Harikrishnan
Delhi-headquartered mid-market investor Avigo Capital Partners has recruited S. Harikrishnan as an investment director to oversee investments from the firm’s Mumbai office.
TA Associates invests Micromax
Boston-headquartered mid-market leader TA Associates has announced a $45 million investment into Indian mobile handset business Micromax Informatics Ltd.
Venture Q&A: Peter Wagner
Rebecca Fannin recently chatted with Accel Partners’ Peter Wagner, who heads up the investment firm’s strategy in India.
Leverage India Fund got 2.1x from JBF
Leverage India Fund (LIF), a $153.5 million private equity fund managed by IL&FS Investment Managers Limited, has fully exited its holdings in JBF Industries Ltd, which claims to be India’s leading manufacture of polyester-based yarns and related materials.
Yes Bank and GEF to co-pilot new cleantech fund
Copenhagen discord aside, investors are said to be flocking to top up a new $200 million clean/green technology fund to be jointed administered by Indian private bank Yes Bank and noted US-based private equity player Global Environment Fund (GEF), recently...
Bain Capital makes India debut investment
Himadri leads niche market with opps for aggressive expansion
IIP hires Cornell for India
India Investment Partners (IIP), an India-focused fund manager, has invited David Cornell, who formerly worked with asset management firm Henderson New Star, to join its team in London.
DAR goes to Bollywood
DAR Capital Group, a London-based investment firm, is expecting to launch a fund dedicated to Indian film projects in the first half of 2010.
Kotak, Mahindra invest Oz aerospace
Indian private equity player Kotak Private Equity Group, in partnership with local conglomerate Mahindra & Mahindra Ltd. through its recently-formed Mahindra Aerospace Pvt Ltd. unit, has taken majority stakes in two Australian aerospace businesses: parts...
Jacob Ballas, NEA, team on FSS deal
Jacob Ballas Capital India and US VC major New Enterprise Associates have reportedly teamed up to invest $60 million in Chennai-based electronic payments player Financial Software & Systems Ltd., for around 40% of the company.