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Displaying Results 1 to 24 of about 28 for "%22Suhas Bhat%22"
Everstone completes exit from India's SJS Enterprises
... AVCJ’s sister publication. The SJS stock price dipped ahead of the sale on August 22 and rebounded afterwards, closing at INR 642.40. The company has a market capitalisation ... 12 months ended March 2023, 136m parts were shipped to over 175 customer locations across 22 countries. Revenue for the year was INR 4.3bn, up from INR 3.7bn in 2022 ...
OTPP promotes Bruce Crane to Asia head
Crane (pictured), who begins his new role immediately, was previously the pension plan’s regional head of infrastructure. He joined in 2020 ending a 12-year tenure at Ontario ... largest asset class in the region, accounting for 39% of assets. Infrastructure is second on 22%. OTPP has more than 85 employees in Asia Pacific and operates out of offices ...
Japan's Angel Bridge closes third fund on $72m
LPs include the Organization for Small & Medium Enterprises and Regional Innovation, Fuso Holdings, Ark Totan Alternative, Okachi Securities, Shoko Chukin Bank, Matsui Securities ... Small-cap Fund, launched in 2015 and 2019, respectively. They have deployed a combined JPY 5.2bn in 22 companies to date. The new fund has invested JPY 2.7bn across 11 start-ups ...
CDH leads $52m round for China's Boss Digital
Other participants included CMB International, China Merchants Venture, Hang Chen, the chairman of Boss Digital, and several of the company's mid-level and senior executives ... evaluation system. The company also works with the Ministry of Finance and 22 central and provincial government procurement agencies, including those in Guangdong and Fujian ...
Australia battery technology supplier raises $15m
Riverstone Ventures, Chaos Ventures, and Investible also participated. It follows a AUD 3.7m seed round in 2021 featuring Artesian, Riverstone, and Chaos, as well as Bandera Capital...
GPs make partial exits from India's Five Star Business Finance
The shares were priced around INR 730 on September 1, representing an approximately 5% discount to the closing price on August 31. TPG, Matrix, and Norwest realised about INR ... micro, small, and medium-sized enterprises (MSMEs) and housing loans in lower-tier cities. Revenue was up 22% year-on-year to INR 15.3bn for the 12 months ended March 2023 ...
Juan Delgado-Moreira named co-CEO of Hamilton Lane
Effective January 1, 2014, he will serve alongside Pennsylvania-based Erik Hirsch. Incumbent CEO Mario Giannini, who has led Hamilton Lane for the last 22 years, will share the executive chairman role with Hartley Rogers. Rogers has been chairman of the board since 2005. Delgado-Moreira (pictured) will take primary responsibility for Hamilton Lane’s ...
Fireside leads $40m Series B for India's Ripplr
Other participants included Bikaji and Neo Foods as well as existing investors 3one4 Capital, Zephyr Peacock and Japan’s Sojitz Corporation. The debt providers were Stride ... covers 65,000 retail outlets, processing 171,000 orders per month through 22 warehouses across 12 cities. Ripplr – which is already profitable on an operational basis ...
Affinity managing partner to retire
Lee, who has been with Affinity for 22 years, will join his family business in Korea, according to a source close to the situation. The other managing partner, Young-taeg Park, stepped back from his duties towards the end of last year as part of a long-planned exit process. Lee joined UBS Capital Asia Pacific in 2001 and was part of the team – led ...
India's HomeLane raises $9m bridge round
It follows a USD 50m Series E round in 2021 led by IIFL Asset Management, which is part of 360 One, a Bain Capital-backed group that recently rebranded from IIFL Wealth & Asset ... said it would use the bridge round for an expansion, albeit within its current footprint of 22 cities. Operations covered 18 cities at the time of the Series E. The fresh capital ...
Singapore's Jungle absorbs healthcare specialist HealthXCapital
The merger will result in Seemant Jauhari, HXC’s managing partner (pictured), becoming a partner at Jungle. He will lead all the firm’s healthcare investments across India and Southeast Asia. Jauhari, who previously served as CEO of innovation and research at Apollo Hospitals, has 22 years of experience in healthcare investment and technology ...
Vertex raises $541m for Southeast Asia, India
The corpus – which had an initial target of USD 450m – includes a dedicated co-investment envelope of USD 50m for deployment alongside the main fund in start-ups led by female ... Ayu Health as standout investments from the existing portfolio. The firm has 22 investment professionals – including eight partners – working out of offices in Singapore ...
Potentia withdraws from talks to buy Australia-listed Tyro
The private equity firm submitted an offer of AUD 1.60 per share last December – at an enterprise value of approximately AUD 875m (USD 582m) – proposing to pay shareholders ... proceed with a proposal, according to a filing. Tyro’s stock dropped 16% on May 22 to close at AUD 1.29, giving the company a market capitalisation of around AUD 653m ...
VC investors primed for exit with China Youzan reorganisation
Hillhouse and Matrix - which own 4.5% and 3%, respectively, of Youzan Technology - are among the largest of 18 shareholders who will sell to China Youzan. Others include Gaocheng ... hitting a low of HKD 0.07 in late 2022. It closed on HKD 0.15 on May 22, prior to the latest announcement, giving the company a market capitalisation of HKD 2.55bn. China Youzan ...
Chinese retailer KK Group files for Hong Kong IPO
Electronic World Trade Platform (eWTP) Ecosystem Fund, a vehicle launched with support from Alibaba Group and Ant Group, is the largest external investor with 9.9%. It led KK ... online marketplace is supported by 696 offline stores across 193 cities in China and 22 cities in Indonesia. Almost all these outlets are directly owned. The company was known ...
JIP-led consortium completes Toshiba tender offer
Approximately 340.5m shares – 78.5% of the total issued shares – were tendered, comfortably exceeding the minimum acceptance threshold of 288.6m shares, according to a filing. The consortium paid JPY 4,620 per share, which represents a 9.4% premium to the closing price on March 22, immediately prior to Toshiba’s board approving the tender offer ...
Paine Schwartz to buy Australia's Costa Group
The US-based private equity firm, formerly known as Paine & Partners, will pay AUD 3.20 per share through a scheme of arrangement, according to a filing. It is leading ... equity firm in July. Costa’s stock closed up 6.2% at AUD 3.09 on September 22, giving the company a market capitalisation of around AUD 1.44bn. Neil Chatfield, Costa’s ...
AVCJ Awards 2023 - nominations have closed
The qualifying period for nominations runs from September 23, 2022 to September 22, 2023. To submit nominations – this can be done by nominees directly or by third parties – please go to: www.avcjforum.com/awards. This site also includes information on the awards process, category specifications, and a list of past winners. One new category ...
Strategic co-investors commit to JIP's mega Toshiba buyout
Rohm has committed JPY 100bn to the deal and agreed to underwrite a further JPY 200bn of non-voting preferred stock issued by the JIP investment vehicle ahead of the tender offer ... two-thirds stake in the business. The price represents a 9.4% premium to Toshiba’s March 22 closing price and a 20.6% premium to the April 6, 2021 closing price. The latter ...
CVC passes $4.4b on latest Asia fundraise
The fundraising update was revealed in a US regulatory filing that noted commitments had been received from 70 investors. These filings do not necessarily reflect the full extent ... approximately 40% of the total in 2021 and 2022. For 2023 to date, it is 22%, according to AVCJ Research. North Asia-focused MBK Partners recently began marketing its sixth fund ...
MBK launches sixth North Asia fund, targets $7b
A data room for the fund has already been launched and the manager has started formal marketing activities, one of the sources said. The target represents a modest uptick ... approximately 40% of the total in 2021 and 2022. For 2023 to date, it is 22%, according to AVCJ Research. Other pan-regional players currently in the market include CVC Capital ...
PE-backed Gambol Pet trades up after $220m China IPO
The company sold approximately 40m shares at CNY 39.99 apiece, according to a filing. The stock ended its first day of trading on Shenzhen’s Chinext board on August 16 up 46% at CNY 58.45. It closed at CNY 48.33 on August 22, giving the company a market capitalisation CNY 1.95bn. Using the total issued shares as a guideline – rather than the 10 ...
Valuation adjustments hit Temasek's returns
The investor recorded a loss of 5.07% for the 12 months ended March 2023 as net portfolio value shrank to SGD 382bn (USD 285bn) from SGD 403bn a year earlier. It continues ... overall basis, Singapore accounts for 28% of Temasek’s assets, followed by China at 22%, the Americas at 21%, and Asia ex-China and Singapore at 13%. Transportation ...
Deal focus: Ace Turtle says so long to SaaS
Ace Turtle resisted tapping external investors until 2017, three years after its founding. The unhurried pace was due to its positioning as an e-commerce enabler – providing ... products. The company’s India factory network is responsible for 100% of fashion items and 22% of toys made under the four licensed brands. “We started off as a pure SaaS ...