Growth capital
Blackstone commits $44m to Indian fragrance maker
The Blackstone Group has paid INR2.43 billion ($43.69 million) for a 33% stake in SH Kelkar & Company (SHK), India's largest fragrance and flavor company.
Olympus-backed DM Healthcare outlines India spending plans
Olympus-backed DM Healthcare, a Dubai-based healthcare services provider which gets a majority of its business in the Middle East, will invest INR15 billion ($270 million) in India. The company hopes this will help boost overall revenues by 40% to INR23...
China Renaissance advises alcohol site on Series C round
VC firm China Renaissance acted as a financial advisor to alcohol B2C e-commerce company Jiuxian.com on its RMB200 million ($31.5 million) Series C round led by hedge fund manager Richland Capital.
India’s Kalyani Group to sell wind energy stake to PE – report
The Kalyani Group, the Indian industrial conglomerate, is reportedly in talks with private equity firms to sell a stake in its wind energy business, Kenersys. In addition to diluting Kalyani’s controlling interest, the deal would allow the partial exit...
IFC invests $47m in China’s Fosun Pharma
International Finance Corporation (IFC), the private investment arm of the World Bank, has agreed to provide RMB300 million ($47 million) in funding to Fosun Pharma, one of China’s leading drug companies. The investment will help Fosun scale up the...
India Value Advisors to invest $179m in Manipal Hospitals
India Value Advisors (IVFA) will commit about INR10 billion ($179 million) to Manipal Hospitals over a three-year period, enabling the healthcare provider to more than double its hospital bed capacity. Part of this increase will come through acquisitions.
SCPE scores proprietary cryogenic storage deal
A captive private equity firm has a number of advantages. Fundraising is never an issue, there is an abundance of manpower and the parent’s contacts can be leveraged for deal origination purposes.
Actis backs Chinese kitchen equipment designer
Emerging markets private equity firm Actis has invested in Vesta, a major Chinese commercial kitchen equipment company.
VC-backed Flipkart raises Series D round of funding
Indian online retailer Flipkart has completed a Series D round of funding from new investors MIH, part of the South Africa-based media platform Naspers, and San Francisco-based ICONIQ Capital. Existing backers Tiger Global and Accel Partners also participated.
SMC Capital backs Chinese horse-breeding company
SMC Capital China, a subsidiary of Hong Kong-based private equity and alternative asset manager Simon Murray Group, will invest an initial RMB60 million ($9.4 million) in a joint venture with Khorchin Rider Horse.
CVCI backs Cox & Kings unit with $137m
Citigroup Venture Capital International (CVCI), the private equity arm of Citigroup, has channeled $137.75 million into the UK subsidiary of Indian travel operator Cox & Kings.
Carlyle sees rare scale opportunity in Meinian Onehealth
The Carlyle Group was drawn to China’s Meinian Onehealth because it represented one of few true nationwide healthcare services providers in a fragmented market.
SCPE pumps $45m into Indian cryogenics firm
Standard Chartered Private Equity (SCPE) has paid INR2.5 billion ($45 million) for a minority stake in Inox India, a major global manufacturer of cryogenic storage and transportation equipment.
Actis invests in Sri Lanka’s Asiri Central Hospitals
Actis has purchased a 10.8% stake in Sri Lanka’s Asiri Central Hospitals for LKR604 million ($4.5 million). The emerging markets-focused private equity firm acquired 2.4 million shares in the Colombo-listed company from Softlogic Holdings, Commercial...
KKR invests $30m in China apparel retailer Novo
KKR has invested $30 million in Novo, a fashion apparel retailer focused on the urban youth demographic in China.
Peepul Capital makes two investments in Chennai
Peepul Capital, an India-focused private equity firm, has invested $15-25 million each in two Chennai-based companies - Consul Consolidated, a power solution company, and Cura Healthcare, a radiology equipment maker. Both investments were channeled from...
STIC-led group preferred bidder for Korean weapons manufacturer
A consortium formed by South Korean private equity firm STIC Investments and brokerage Hana Daetoo Securities has been selected as the preferred bidder for a stake in South Korea's LIG Nex1. The weapons manufacturer is offloading a 49% interest worth...
Lok Capital ups stake in Ujjivan MFI, Bellwether exits
Lok Capital has reportedly upped its stake in India’s Ujjivan Microfinance by acquiring the 7% held by microfinance investor Bellwether. Another shareholder is set to exit its stake by the end of August.
China slowdown hampers emerging markets fundraising, investment
Fundraising by private equity firms focused on emerging markets reached $17.2 billion in the first six months of 2012, or nearly half of the $38.5 billion raised in 2011 as a whole, with a spike in emerging Europe counterbalancing a slowdown in China....
Carlyle picks up 14% of Meinian Onehealth
Global private equity major The Carlyle Group has acquired a 13.5% stake in Meinian Onehealth Healthcare, the largest private provider of preventive healthcare check-up services in China.
Bain in bumper $1b deal for India’s Genpact
Indian business process outsourcing (BPO) firms, once a prime target for private equity investment several years ago, have inevitably become a hive of exit activity. The Blackstone Group last year sold its 66.25% stake in Intelenet Global Services to...
Atinum mulls $350m STX Energy bid
Korea’s Atinum Partners is reportedly considering making a bid for STX Energy Co, the privately-held subsidiary of Korea Exchange-listed STX Group. The deal could value the company at up to KRW400 billion ($$354 million).
General Atlantic denies Snapdeal interest - report
General Atlantic says it never entered into talks with Snapdeal in what would have been the private equity firm’s first foray into Indian e-commerce.
L Capital backs Indian cinema operator PVR
L Capital, the private equity arm of luxury group LVMH, will invest just under INR1.1 billion ($19.4 million) in cinema and entertainment company PVR for a 10% stake. As part of the deal, L Capital will set up a joint venture with the Indian firm that...