Sectors
GEF to invest $8.4m in India’s IClean
Global Environment Fund (GEF) has invested INR450 million ($8.4 million) for a minority stake in Integrated Cleanroom Technologies (IClean), which manufactures prefabricated modular cleanrooms and related equipment.
Infinity and affiliate secure 4.7% of Anxin-China
Infinity Group, the Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, has joined an affiliate in purchasing a 4.7% stake in Anxin-China Holdings for $30 million.
PE-backed Amtek sells 5% stake in subsidiary
Auto component maker Amtek Auto, which is backed by Warburg Pincus and ChrysCapital, has sold a 5% stake in its subsidiary Amtek Crankshafts (India) to an unnamed foreign investor for INR223 million ($4.1 million).
Orchid to cornerstone Time Watch's Hong Kong IPO
Orchid Asia will participate as a cornerstone investor in Chinese watchmaker Time Watch Investments' proposed Hong Kong IPO. The private equity investor will inject about HK$204 million ($26.3 million) for an 8.03% stake in the company.
Korean couples app raises $3m Series B funding
Korean social media application Between has raised a $3 million Series B funding round from new and existing venture capital players. The proceeds will be used to expand the company's presence outside its home market.
Big data, big deal?
Following the success of India’s business process outsourcing industry, big data is being touted as the next major opportunity for technology investors in the country
Summit Partners to invest $25m in The Iconic
Summit Partners is expected to invest $25 million into Australian fashion online retailer, The Iconic.
Fulcrum Venture India invests $1.5m in Congruent Solutions
Fulcrum Venture India has invested INR80 million ($1.5 million) for a 20% stake in Congruent Solutions, a specialist software service provider in the pension administration industry.
Samsung Ventures invests in Fixmo
Samusung Venture Investment Corp, the venture capital unit of Samsung Group, has invested in Canada's Fixmo, a mobile security solutions firm. Details of the transaction were not disclosed.
CapAsia taps Japanese for infra fund
As Japanese companies struggle in shrinking domestic market, government agencies and financial institutions have joined forces to promote local expertise overseas. For Capital Advisors Partners Asia (CapAsia), the country has become an attractive LP market.
UTI Capital invests in VC-backed Bharat Light - report
Bharat Light and Power (BLP), which owns and operates power generation facilities in India, has reportedly raised INR2 billion ($37.2 million) from UTI Capital, as well as existing investors VenturEast and Draper Fisher Jurvetson.
Bain-backed Sunac drops on share-sale plan
Sunac China Holdings, a Hong Kong-listed Chinese property developer backed by Bain Capital, suffered from the biggest drop since March after announcing plans to sell HK$2 billion ($248 million) worth of shares.
J-Star completes clothing brand turnaround
Three and-a-half years ago, Olive des Olive, a hip teen clothing-brand based out of Tokyo, was suffering. Having filed for bankruptcy, its reputation frayed by allegations that its clothing came from a factory in China and had been re-labeled “Made...
Advantage sees 7x return on coffee chain deal
When Advantage Partenrs paid JPY15 billion ($146 million) for a 78% stake in Komeda Coffee in 2008, the chain was to a certain extent a victim of its own success. After more than 40 years of expansion the company had grown to around 300 stores and its...
Everstone acquires stake in India’s Transpole
Everstone Capital has invested INR2.2 billion ($41 million) to acquire a significant minority stake in Transpole Logistics, one of the leading freight forwarders in India. The company will use to proceeds to expand overseas operations in China, Malaysia,...
India Infoline invests in real estate project
India Infoline (IIFL) has invested INR750 million ($13.9 million) in a real-estate development project in the state of Haryana through its IIFL Domestic Series 1 Fund.
J-Star exit sees 3x return on Olive des Olive exit
J-Star, a Japanese mid-market buyout firm, has exited Tokyo clothing brand Olive des Olive to wholesale company Takisada-Osaka, securing a return of more than 3x and an estimated IRR of 35-40%.
Apollo Hospitals founder interested in Apax stake
Apax Partners is preparing to exit Indian healthcare chain Apollo Hospitals, with Prathap C. Reddy, the company’s founder and chairman, open to buying part of the stake.
Australia’s IFM takes stake in UK airport operator
Industry Funds Management (IFM), an investment firm owned by 30 Australian superannuation funds, has acquired a 35.5% stake in Manchester Airports Group (MAG) as part of the UK airport operator’s GBP1.5 billion ($2.4 billion) acquisition of London Stansted...
Creditor meeting brings closure to CVC's $1.4b Nine loss
Creditors of the ailing Australian TV network Nine Entertainment have unanimously approved the company's A$3.4 billion ($3.5 billion) recapitalization, bringing a formal end to CVC Capital Partners' six-year stewardship. The private equity firm has lost...
Australia’s Anacacia in healthcare MBO
Anacacia Capital has acquired Hills Healthcare Equipment from its Australian Securities Exchange-listed parent Hills Holdings through a management buyout. The value of the transaction was not disclosed.
Sequoia invests $9.3m in Indian eye hospitals
Sequoia Capital has invested INR500 million ($9.3 million) in ASG Eye Hospitals, a Rajastan-based group of specialty eye hospitals. The funding will be used by the company to support expansion into central and northern India.
CBC leads $20m Series B investment in iPinYou
China Broadband Capital (CBC) has led a $20 million Series B financing round in Beijing iPinYou Information Technologies (iPinYou), a Chinese real-time bidding digital advertising platform. Japan’s Vangoo Investment Partners and existing investor Forward...
Norwest invests $11m in India's Perfint Healthcare
Norwest Venture Partners has invested $11 million in Indian medical technology company Perfint Healthcare as part of a Series D round of funding. Norwest previously invested $7.2 million in the Chennai-based company in 2010.