Growth capital
Standard Chartered invests in China's Aiyingdao department store
Standard Chartered Private Equity (SCPE) has invested in China's Aiyingdao Children's Department Store. Details of the transaction were not disclosed.
AVCJ at 25: Patrick Walujo of Northstar Pacific Partners
Patrick Walujo, co-founder and managing partner of Northstar Pacific Partners, leveraged local knowledge and relationships at TPG Capital to create Indonesia’s largest domestic private equity platform
AVCJ at 25: Bill Ferris & Joe Skrzynski of CHAMP Private Equity
Bill Ferris and Joe Skrzynski set up Australian Mezzanine Investments in 1987. Now known as CHAMP Private Equity, the firm was responsible for some of Australia’s first buyouts and then saw the market rise and rise during the 2000s
AVCJ at 25: John Zhao of Hony Capital
John Zhao, founder and CEO of Hony Capital, teamed up with Legend Holdings to create China’s first buyout fund in 2003. Nearly 10 years on, he is still restructuring state-owned enterprises but also looking to go overseas
AVCJ at 25: George Raffini of Headland Capital Partners
George Raffini spent 21 years with HSBC’s Asia private equity unit before the team spun out to form Headland Capital Partners in 2010. He witnessed Asia reach new highs in the 1990s before brutally falling to earth
Development Bank of Japan launches $1.5b fund
The Development Bank of Japan (DBJ) has launched a JPY150 billion ($1.5 billion) growth fund for investing in domestic companies.
Indonesia mid-market: It's who you know
Although not overrun with GPs, Indonesia’s mid-market is difficult to penetrate. Access to local networks through which deals can be sourced is a good first step. After that, it’s entrepreneur management
Temasek commits $24m to Indian oncology chain
Temasek Holdings has invested INR1.3 billion ($24 million) in Indian cancer care hospital chain Healthcare Global Enterprises (HCG). The deal facilitates the exit of Evolvence India Life Sciences Fund, a vehicle managed by Invascent Capital.
Fung Capital to invest in JV with India's Future Group
Fung Capital, the private equity arm of the family owners of Li & Fung Group, will invest in a wholesale joint venture with India’s Future Group. Fung Capital is expected to hold at least a 26% stake in the venture with Kishore Biyani and his family,...
PE-backed Bharti Infratel to sell 25% of satellite TV unit - report
Bharti Infratel, an Indian telecom infrastructure provider backed by a consortium of private equity firms, is to sell 25% of its satellite television unit.
WestBridge renews commitment to Pathlabs
WestBridge Capital'S involvement with India's Dr. Lal Pathlabs goes back to 2005, when the private equity firm invested around $10 million through its debut vehicle, WestBridge Venture Fund I.
ChrysCapital buys 10% stake in NBFC Au Financiers
ChrysCapital Partners has purchased a 10% stake in Indian non-banking financial company Au Financiers for INR1.2 billion ($22.2 million). The investment facilitates another partial exit for Motilal Oswal Private Equity, which sold a portion of its holding...
IvyCap takes lead role in Thomson Reuters' India farming platform
IvyCap Ventures has agreed to become the lead investor in Thomson Reuters’ information platform for Indian farmers. Terms and conditions of the transaction were not disclosed.
CLSA invests in China's Scinor Water
CLSA Capital Partners (CLSA CP) has led a $10 million round of funding for Scinor Water, a Chinese company that produces membranes used in waste water treatment. KPCB, an existing investor, also participated in the round.
Headland to take Malaysian Mamee overseas
As "official noodle sponsor" of English football team Manchester United, Malaysian snack and beverage firm Mamee Double Decker puts a lot of stock in the reputation of its brands. The challenge for Headland Capital Partners, which recently took a significant...
China e-commerce: End of the line
Burning through cash and with no public market exit in site, many of China’s e-commerce players are losing the confidence of their investors. New rounds of funding come at depressed valuations – if they come at all
Korean GP EQ Partners gets investment from Reorient Group
Hong Kong-listed financial services provider Reorient Group has bought a one third stake in Korean private equity firm EQ Partners from Dongah Tire & Rubber, a Korean auto parts manufacturer, for KRW4.5 billion ($4.1 million).
Saudi Arabia's Kingdom Holdings leads $400m round for 360Buy
Chinese online retailer 360Buy has raised $400 million through a Series F round of funding led by Kingdom Holding, an investment company controlled by Prince Alwaleed bin Talal, a Saudi Arabian billionaire.
Australia's AMP Capital invests $100m in US wind energy project
AMP Capital has injected $100 million in Capistrano Wind Partners, a large-scale wind energy project developer in North America, alongside a consortium of infrastructure investors. AMP made the commitment on behalf of a large Australian superannuation...
Marck Biosciences gets $8.3m from Tata healthcare fund
Tata Capital Healthcare Fund has invested INR450 million ($8.3 million) for a 13% stake in Ahmedabad-based drug maker Marck Biosciences. Previous plans for an IPO have now been shelved.
IFC to invest $24m in India's Ratnakar Bank
International Finance Corporation (IFC), the investment arm of the World Bank, plans to invest up to INR1.3 billion ($24 million) in India’s Ratnakar Bank. The commitment, which would be structured as a preferential allotment, complies with IFC’s strategy...
Unilazer Ventures invests in Valyoo Technologies
Unilazer Ventures has joined IDG Ventures in investing INR530 million ($10 million) in Delhi-based Valyoo Technologies, which owns e-commerce sites LensKart, BagsKart, WatchKart and JewelKart.
Creador backs Indian home loans provider
Creador has acquired a 9.9% stake in Repco Home Finance (RHF), an Indian housing finance provider owned by Repco Bank, for INR724 million ($13.7 million). It is the India- and Southeast Asia-focused GP’s second deal in a fortnight and leaves the firm’s...
Q&A: Tata Opportunities Fund's Mukund Rajan
India’s private equity industry has suffered criticism from disappointed LPs in the last couple of years. Mukund Rajan, managing partner of Tata Opportunities Fund, identifies a few positives