Financials
Greater Pacific in $12m part exit from India's Edelweiss
Greater Pacific Capital (GPC) has sold part of its stake in India's Edelweiss Financial Service for INR707 million ($12 million) via an open market transaction.
PEP target SAI Global launches sale process
SAI Global, which was recently that subject of a A$1.1 billion ($1 billion takeover bid Pacific Equity Partners, has set up an open bidding process and will publish information for other potential buyers.
Softbank invests in Chinese P2P site Edai
Softbank China Venture Capital (SBCVC) has committed a Series A round of funding for Chinese peer-to-peer lending (P2P) platform Edai.com.
WestBridge leads Series C round for India's Vistaar Finance
WestBridge Capital has led a INR1.6 billion ($27.4 million) Series C round for Indian non-banking financial company (NBFC) Vistaar Finance.
Hony, Tencent buy plots in Qianhai land auction
Hony Capital and Chinese internet giant Tencent Holdings have bought land in Shenzhen’s Qianhai special economic zone for RMB2.19 billion ($351 million).
PE-backed Tongyang Life remains in hunt for Korea's LIG Insurance
Tongyang Life Insurance, a South Korean insurer majority-owned by Vogo Investment, has submitted a binding bid for a controlling stake in LIG Insurance.
RBI panel backs PE to buy up to 40% of distressed Indian banks
A panel appointed by the Reserve Bank of India (RBI) to review banking industry governance has recommended that private equity firms, including sovereign wealth funds, be allowed to buy up to 40% of distressed lenders.
RRJ, Temasek back ING insurance unit
RRJ Capital and Temasek Holdings have agreed to invest EUR1.28 billion ($1.8 billion) in NN Group (NNG), the insurance unit of Dutch lender ING Group.
China encourages PE to provide rural financing
China is encouraging private equity and venture capital firms to participate in rural financing, as a means of supporting rural development and lifting the economy.
PE firms eye Standard Chartered consumer finance unit - report
Bain Capital and The Carlyle Group are said to be among first-round bidders for Standard Chartered's Hong Kong-based consumer finance unit, PrimeCredit.
Au Financiers raises $21m from existing investors
Indian non-banking financial company (NBFC) Au Financiers has raised $21 million from existing shareholders, including the promoters, through a preferential allotment of shares.
Lightspeed bets on financial disruption
Regulation is the primary concern for PE and VC firms considering investments in China’s peer-to-peer (P2P) lending industry. The market opportunity has never really been in doubt. Online P2P lending platforms are a bridge between individual lenders and...
India's Ratnakar Bank raises $55m from investors
India's Ratnakar Bank has raised INR3.28 billion ($54.6 million) from a consortium of investors, including CDC Group and Asia Capital & Advisors, in return for a minority stake.
Lightspeed leads Series B round for China P2P lender PPDai
Lightspeed China Partners has led a Series B round of funding for PPDai, which claims to be China’s first and largest peer-to-peer lending (P2P) platform. Other investors include Sequoia Capital and US-listed wealth management firm Noah Holdings.
CDC invests $28m in India's Ratnakar Bank
CDC Group has paid $28 million for a 4.8% stake in India’s Ratnakar Bank, which specializes in lending to small businesses. The bank has been seeking to raise around $60 million ahead of an IPO.
Wolfensohn part exits India's Repco
Wolfensohn Capital has made a partial exit from India Repco Home Finance, a little over a year after it first invested in the company.
LeapFrog invests $29m in India's IFMR Capital
LeapFrog Investments, a US-based specialist investor in financial services in growth markets, has invested $29 million in Indian non-banking finance company (NBFC) IFMR Capital.
PE-backed Tongyang Life bids for LIG Insurance
Tongyang Life Insurance, a South Korean insurer majority-owned by Vogo Investment, is among the preliminary bidders for a controlling stake in LIG Insurance.
Zoyi supports take-private of China's Camelot Information Systems
Zoyi Capital has announced its second deal in a week, completing a $20 million investment in Camelot Information Systems, a US-listed Chinese enterprise application and financial IT services provider.
IFC part exits Indian NBFC to WestBridge
International Finance Corporation (IFC) has made a partial exit from Cholamandalam Investment & Finance (CIF), an Indian non-banking finance company (NBFC), selling shares to WestBridge Capital.
India's Annapurna Microfinance raises $5m Series B round
The state-backed Belgian Investment Company for Developing Countries (BIO) has led a INR300 million ($5 million) Series B round for India's Annapurna Microfinance.
Harbin Bank prices $1.1b IPO near bottom of range
China’s Harbin Bank is set to raise $1.1 billion from its Hong Kong IPO after pricing shares at the bottom of the indicative range. CITIC Capital is one of seven cornerstone investors in the offering.
CITIC Capital among cornerstones for Harbin Bank IPO
CITIC Capital is one of seven cornerstone investors that will cover 43% of Harbin Bank’s Hong Kong IPO, which is expected to raise up to HK$10.1 billion ($1.3 billion), although subscriptions to the offering have reportedly been delayed due to concerns...
India Value Fund Advisors buys NBHC for $39m
India Value Fund Advisors (IVFA) has agreed to buy commodities and collateral management business National Bulk Handling Corporation (NBHC) from Financial Technologies India (FTIL) for INR2.42 billion ($39.5 million).