South Asia
Data centers: The information edge
Asia’s booming online economies have created unprecedented demand for data center services, but private equity investors still must determine the best way to approach the industry
India's PE-backed Aster DM refiles for IPO
Indian hospital chain Aster DM Healthcare has refiled for an IPO in which its PE backer Olympus Capital Asia will make a partial exit.
SoftBank invests $2.5b in India's Flipkart
Japanese technology conglomerate SoftBank Group has invested $2.5 billion in Indian e-commerce giant Flipkart through the acquisition of primary and secondary shares.
India's EM3 AgriServices gets $10m Series B
EM3 AgriServices, a venture capital-backed equipment and operational support provider for the Indian farming industry, has raised a $10 million Series B funding round.
Sequoia, Norwest lead $52m round for India's Five Star
Sequoia Capital and Norwest Venture Partners have led a INR3.3 billion ($52 million) Series C round for Indian non-banking financial company Five Star Business Finance.
KKR-owned Avendus buys India asset manager
Avendus Capital, an Indian financial services firm owned by KKR, has agreed to acquire Ocean Dial Asset Management, the UK-based investment manager of India Capital Growth Fund (ICGF).
India's goods and services tax: A fair fight
While India’s new goods and services tax regime has caused temporary dislocation, private equity players are confident that their portfolio companies are set for long-term success
Deal focus: VCs to rebalance Indian shortcoming
Lifestyle changes due to economic development in India are impacting the country's disease patterns. Fidelity International is bringing much needed venture capital to a medical research space addressing the issue
WeWork to acquire Singapore's VC-backed Spacemob
US-based co-working space operator WeWork plans to acquire Singapore-based counterpart Spacemob for an undisclosed sum. The capital will come from a $500 million investment pool established to fuel WeWork's expansion in Southeast Asia and South Korea....
Kedaara to part-exit Mahindra Logistics through India IPO
Kedaara Capital will exit part of its stake in Mahindra Logistics (MLL), the logistics and transport service of India’s Mahindra & Mahindra, in a planned IPO.
General Atlantic acquires India's Karvy Computershare
General Atlantic has acquired a significant stake in India-based share registry business Karvy Computershare, providing a full exit for Australia-listed Computershare and taking out part of the position held by the company founder.
InnoVen co-founders launch India venture debt fund
Ajay Hattangdi (pictured) and Vinod Murali, co-founders of venture debt firm InnoVen Capital, have established their own India venture debt business and are looking to raise a $155 million fund, including a $30 million greenshoe option.
Deal focus: Fabhotels gets room to grow
Fabhotels has received $25 million in Series B funding from Accel Partners and Goldman Sachs to give India's budget hotel space a technology-enabled upgrade
India's VC-backed Mobikwik attracts $35m investment
Indian non-banking financial company (NBFC) Bajaj Finance has agreed to invest about INR2.2 billion ($35.3 million) in Mobikwik, a domestic mobile wallet developer backed by a number of venture capital firms including Sequoia Capital.
NYSTRS to invest $100m in ADV's second Asia fund
New York State Teachers’ Retirement System (NYSTRS) has disclosed a commitment of $100 million to ADV Partners’ second Asian special situations fund. The PE firm closed its debut vehicle at $545 million in 2015.
Eight Roads, F-Prime invest $25m in India's PlasmaGen
Indian biopharmaceuticals company PlasmaGen BioSciences has raised a $25 million funding round led by Eight Roads Ventures.
IDFC acquires India solar portfolio
IDFC Alternatives has acquired a portfolio of solar power assets in India from US-based renewable energy developer First Solar Group.
Secondary buyouts: Peer to peer
Maligned by some investors, sponsor-to-sponsor deals are gradually becoming more prevalent in Asia as the private equity industry matures. What is the early verdict?
India's Snapdeal calls off merger with Flipkart
Indian online marketplace Snapdeal has called off a planned merger with rival Flipkart and will pursue a restructuring plan to allow it to survive as an independent entity. Both companies have substantial PE and VC backing.
Singapore's Prestellar raises $100m VC fund
Prestellar Ventures, a Singapore-based GP backed by two Nepalese companies as well as Indian microfinance institution Satin Creditcare and India-focused investor Frontline Strategies, has raised a $100 million fund.
SAIF India raises $350m for third fund
SAIF India has raised $350 million for its third fund aimed at investments in both public and private companies at varying stages of development.
Advent buys stake in India's Dixcy Textiles
Advent International has invested an undisclosed amount in Indian innerwear maker Dixcy Textiles.
India's IIML raises infrastructure fund target to $1b
IL&FS Investment Managers (IIML), the private equity arm of India’s Infrastructure Leasing & Financial Services (IL&FS), has raised the target of its infrastructure fund to $1 billion.
Indian healthcare services platform receives $15m Series C
Indian healthcare services platform operator 1mg Technologies has secured a $15 million Series C round led by HBM Healthcare Investments.