South Asia
PE-backed Claris exits division to US strategic
Claris Lifesciences, an Indian drug maker with several PE backers, has agreed to exit its injectables division to US-based generic pharmaceutical developer Baxter International.
Epsilon leads $23m round for India's Pi Datacenters
Epsilon Venture Partners has led a INR1.5 billion ($23 million) Series A round for Indian data center and cloud service provider Pi Datacenters.
KKR's Emerald Media joins $35m round for India-based Amagi
Emerald Media, an Asia media and entertainment investment platform founded by KKR, has participated in a $35 million Series D round of funding for India-headquartered Amagi Media Labs, a provider of cloud-based managed broadcast services and advertising...
Fairfax India to raise $500m through public, private offerings
Fairfax India Holdings will raise $150 million though a public share sale and an additional $350 million though a private placement.
Creador closes Fund III at $415m
Creador has reached a final close of $415 million on its third Southeast Asia and India-focused fund, short of the original $450 million target.
Omidyar leads $10m Series B for India's Indifi
Omidyar Network has led a $10 million Series B round for Indian small business financial services provider Indifi.
India's Ofbusiness gets $11m round led by Zodius
Zodius Capital has led a INR750 million ($11.1 million) Series B round for Indian online marketplace Ofbusiness.
The crystal ball: Predictions for 2017
From LPs looking for realizations from GPs as well as paper gains, to the factors contributing to more buyout opportunities in China, industry participants give their perspectives on the year to come
2016 in review: Uncertainty reigns
Infrastructure and late-stage technology among the few investment bright spots; renminbi vehicles dominate the fundraising landscape; public market instability undermines exit plans
Q&A: Värde's George Hicks
George Hicks, CEO and CIO of global credit investor Värde, on looking beyond big default cycles, taking advantage of bank retrenchment opportunities, and the importance of building strong local teams
Samara to invest $25m in India's SMT
Samara Capital has agreed to invest up to $25 million for a significant stake in Indian medical device manufacturer Sahajanand Medical Technologies (SMT).
KKR, Temasek invest $266m in India's SBI Life
KKR and Temasek Holdings have agreed to invest INR18 billion ($266 million) for a 3.9% stake in SBI Life, the life insurance subsidiary of the State Bank of India (SBI).
Rocket Internet sells Foodpanda to Delivery Hero
Germany-based start-up developer Rocket Internet has sold its entire stake in emerging markets-focused food delivery app Foodpanda to the company's main global competitor, Delivery Hero.
IVFA makes partial exit from India's Syngene
India Value Fund Advisors (IVFA) has made a partial exit from India-listed pharmaceuticals company Syngene International, selling an approximately 1.6% holding for INR1.9 billion ($27.7 million).
Edelweiss leads $9m round for India's Revv
Edelweiss Private Equity has led a $9 million Series A round of funding for Indian car rental start-up Revv.
Baring PE Asia MD Bala Naidu departs firm
Bala Naidu, an India-based managing director at Baring Private Equity Asia, has left the GP to start his own PE firm.
India GPs must back up value-add claims with returns - AVCJ Forum
Indian GPs are keen to highlight their proprietary deal-sourcing capabilities and operational credentials, but these claims are only meaningful if they have a demonstrative impact on performance, LPs told the AVCJ India Forum.
Cocoon Capital launches in Singapore with $7m seed fund
William Klippgen, founder of Singapore’s InseadAlum Ventures, and Michael Blakey, director of UK-based Avonmore Developments have set up Cocoon Capital, a Singapore firm with a S$10 million ($7.1 million) debut seed fund targeting Southeast Asia and India....
Fund focus: Faith in Indian modernization
Accel Partners plans to take advantage of India's increasingly affluent and sophisticated population
General Atlantic promotes two Asia PE professionals
General Atlantic has promoted Mumbai-based Shantanu Rastogi and Hong Kong-based Erin Chang.
Demonetization only a short-term negative for India PE - AVCJ Forum
India’s demonetization policy, which has seen the most commonly used banknotes removed from circulation as part of efforts to combat counterfeiting and black money, will hurt private equity in the short term, but the longer-term outlook for the industry...
India's Amicus reaches $90m first close on debut fund
Amicus Capital Partners, an India-focused PE firm founded last year by former executives from the Carlyle Group and India Value Fund Advisors (IVFA), has reached a first close of $90 million on its debut fund.
Eight Roads leads $12m Series B for India's Core Diagnostics
Eight Roads Ventures has led a $12 million Series B round for India-based medical diagnostics services provider Core Diagnostics.
Morgan Stanley marks down India's Flipkart four quarters in a row
A Morgan Stanley mutual fund has once again marked down its investment in Flipkart, cutting another 38.2% off its valuation of the India-based e-commerce marketplace.