Sectors
Samara Capital acquires NewsWire18 for $16.5m
Samara Capital has entered an agreement to purchase a majority stake in Indian news terminal business NewsWire18 for INR900 million ($16.5 million).
Helion, Footprint invest $6m in restaurant chain Mast Kalandar
Helion Venture Partners is leading a third round of investment in quick service restaurant (QSR) chain Mast Kalandar, which is run by Bangalore-based Spring Leaf Retail.
Goldman invests in PE-backed Fresh Water Group
Goldman Sachs has led a new round of funding for Fresh Water Group, a Chinese purified water service provider already backed by SAIF Partners and Ares Management.
Chinese pork producer Zhongpin agrees PE-backed take-private
NASDAQ-listed Chinese pork producer Zhongpin has agreed to a private equity-backed management buyout by its chairman and CEO, Xianfu Zhu. The deal values the company at $502 million.
Chrysalix network targets global cleantech investments
A new cleantech venture investor alliance, the Chrysalix Global Network (CGN), has been formed to target investment opportunities throughout the world.
Tata Capital acquires stake in Pluss Polymers
Tata Capital has acquired a stake in Pluss Polymers for INR150 million ($2.7 million). The investment was made through the Tata Capital Innovations Fund and is intended to help the company, a specialized polymer maker, to further its R&D and manufacturing...
Lombard sells 10% stake in Thai department store chain
Lombard Investments has exited its 10% holding in Robinson Department Store, a mid-market retailer in Thailand, for approximately $219 million.
Oaktree-backed Fusheng buys German air compressor maker
Oaktree Capital Management-backed Fusheng Industrial, Greater China's biggest maker of industrial air compressors, has acquired its German rival ALMiG Kompressoren. ALMiG management has re-invested in the merged entity.
New Zealand’s Xero raises $49m from Valar, Matrix
New Zealand-based online accounting software company Xero has raised NZ$60 million ($49 million) in new capital from US VC firms Valar Ventures and Matrix Capital Management. Valar is backed by Peter Thiel, best known for his early investments in PayPal...
VCs back $8m Series B round for Shubham HDFC
Accion and Saama Capital have jointly invested $4 million in India's Shubham Housing Development Finance Company. The venture capital firms join existing investors Elevar Equity and Helion Venture Capital in a second round of funding worth $8 million...
Aureos, GSB exit Thai hospital interest to Malaysia’s KPJ
Aureos Capital and GSB Private Funds – a vehicle set up by Thailand’s Government Savings Bank and managed by ING – have agreed to exit their holdings in Vejthani Hospital to KPJ Healthcare, a hospital chain with assets in Malaysia and Indonesia...
L Capital-backed PVR to buy Cinemax India
PVR, a cinema chain backed by L Capital, will pay INR5.43 billion ($99 million) for a majority stake in domestic rival Cinemax India.
IFC invests $25m in Quadria Capital’s healthcare fund
International Finance Corporation (IFC), the private investment arm of the World Bank, is planning to invest $25 million into Quadria Capital’s $300 million private equity fund. The vehicle focuses primarily on healthcare sector assets across South...
Bain raises $69.7m through Sunac sell-down
Bain Capital has raised HK$540 million ($69.67 million) by selling a portion of its shares in Sunac China Holdings, a Hong Kong-listed Chinese property developer.
Sequoia, Canaan Partners invest $6.3m in Adnear
Sequoia Capital and Canaan Partners have invested INR350m ($6.3 million) in AdNear, a location-based mobile advertising platform, in a Series A round of funding.
TriReme Medical closes $18m round led by Luminor Capital
Singapore-based Luminor Capital has a led a $18 million financing round in TriReme Medica, a medical device company based in Pleasanton, California and Singapore. Major existing investors and new Asian investors also participated.
PE-backed AAG plans $200m Hong Kong IPO – report
Asian American Gas (AAG) Energy, a China-based gas developer backed by Warburg Pincus, Baring Private Equity Asia and Chengwei Ventures, is reportedly planning to raise up to $200 million through a Hong Kong IPO.
Beyond banks: Alternative financing in India
Recognizing India’s demand for financial products that involve more than just equity, traditional PE firms are targeting structured credit, joining distressed players that used to call the territory their own.
Power play: India’s power sector
Private equity investors are less bullish on India’s power sector in the light of widespread negative investor sentiment, but lower valuations and long-term fundamentals still offer attractive entry points
CITIC Capital in advanced talks on AsiaInfo take-private – report
CITIC Capital is reportedly close to securing a management buyout of AsiaInfo-Linkage, the US-listed telecoms software manufacturer, to take the company private. The companies are said to be in advanced talks and the deal was thought to be worth around...
Sequoia backs Chinese online lender Ppdai
Sequoia Capital has invested in a Series A financing round of Ppdai, a Chinese peer-to-peer online lending firm. The capital is expected to expand the company’s capacity on technology infrastructure and marketing campaigns.
Patni brothers buy stake in Grameen Capital India
Amit and Arihant Patni, the brothers who set up internet-focused VC firm Nirvana Venture Advisors, have acquired a stake in Grameen Capital India (GCI) from its original investor IFMR Trust. The transaction is said to represent a first-of-its-kind exit...
Morgan Stanley in China convenience store carve-out
Morgan Stanley Private Equity Asia (MSPEA) is on course to complete a carve-out of China Financial Services Holdings’ (CFSH) convenience store business, Hi-24.
PE-backed Bharti Infratel set for IPO next month – report
Bharti Infratel, the Indian telecoms infrastructure subsidiary of Bharti Airtel, is expected to launch its $900 million IPO next month. The intended flotation – which has been mooted for more than a year – will be the country’s largest in two years...