Growth capital
Investcorp sells stake in Redington unit to Indian parent
Gulf-based alternative asset manager Investcorp has sold its 26% stake in Redington International to the subsidiary’s private equity-backed parent company, Redington India.
Matrix injects $4m in Waterlife India
Matrix Partners India has invested INR220 million ($4.2 million) in drinking water supplier Waterlife India.
Pencarrow fund holds first close on $59m
New Zealand-based Pencarrow Private Equity has held a first close of its fourth private equity fund on NZ$77 million ($59 million).
Bravia Capital eyes Kingfisher Airlines deal
Hong Kong-based private equity firm Bravia Capital is reportedly considering investing in debt-ridden Indian airline Kingfisher.
Hanhong PE buys Stonewall stake for $13m
China’s Hanhong Private Equity Investment Company has invested $13 million in Stonewall Mining, buying it a 19% stake in the South African gold miner.
Standard Chartered injects $30m in Ecoplast - report
Standard Chartered Private Equity (SCPE) has boosted Ecoplast Technologies, the world’s second largest manufacturer of starch-based bioplastics, with a $30 million cash injection.
IIF program to invest $102m in Australian venture
The Australian government has announced plans to provide venture capital funds with up to A$100 million ($102 million) of capital via its Innovation Investment Fund (IIF) program.
GPs highlight merits of differentiation – AVCJ Forum
General partners stressed the need for differentiation in devising strategies to capitalize on private equity growth in Asia Pacific.
Southeast Asia takes on the neighbors
Southeast Asia is increasingly popular as an investment destination for private equity firms, but can it compete with China and India?
PE firms back Chinese Wonton restaurant chain
Qiming Ventures, Hotung Investment and Mitsui Global Investment have committed $20 million in Series B funding to YPX Cayman Holdings, which operates casual food and beverage chain Cloud 9. The company also received personal investments from the founders...
Blackstone-backed Gokaldas closes in on export contracts
Indian apparel manufacturer Gokaldas Exports, a portfolio company of The Blackstone Group, is expected to land supply contracts from Wal-Mart and nine niche European fashion houses. The move is seen as part of a wider trend under which Western buyers...
Carlyle, General Atlantic discuss $200m investment in Flipkart
The Carlyle Group and General Atlantic are in talks over a $150-200 million joint investment that would see them take a minority stake in Indian online retailer Flipkart.
Lilliput seeks out-of-court settlement with Bain, TPG
Lilliput Kidswear is seeking an out-of-court settlement with investors Bain Capital and TPG Capital, having taken legal action earlier this month to prevent the private equity firms from exiting the company in response to a corporate governance scandal.
Legend Capital, DCM commit $30 million to China’s Happy Elements
Legend Capital has led a Series B round of funding worth $30 million for Chinese social gaming company Happy Elements. Existing investor DCM also participated.
Tsing Capital backs solar panel maker Sunpreme
Tsing Capital has participated in a $50 million round of financing for existing portfolio company Sunpreme, a Silicon Valley-based solar cell manufacturer. The round was led by International Finance Corp. (IFC), the investment arm of the World Bank, and...
Carlyle-led group buys into Asian cinema digital server provider
A consortium led by The Carlyle Group has purchased an 80% stake in GDC Technology, Asia’s largest cinema digital server provider. The investment was led by the $1 billion Carlyle Asia Growth Partners IV and the other participants included Yunfeng Capital,...
Standard Chartered backs South Korea’s Daelim Motor
Standard Chartered Private Equity (SCPE) has agreed to invest $61 million in Daelim Motor, South Korea’s leading motorcycle and auto parts manufacturer. The private equity firm will take a stake of unspecified size by subscribing to new shares in the...
Diamonds lurk among the Japanese midcaps
Deal-making opportunities remain in Japan’s mid-cap space, spurred by domestic consolidation and corporate ambitions for overseas expansion
TA Associates invests in Asia-focused telecom firm Aicent
TA Associates has made an undisclosed growth capital investment in data network provider Aicent, which provides services to Asian telecom operators.
SAP Ventures backs Indian internet services firm One97
SAP Ventures has committed $10 million to One97 Communications, a mobile internet services firm that delivers content and advertising services to customers including Airtel, Vodafone, Coca-Cola, Nestle and Samsung.
CLSA commits $22m to India’s Resonance Eduventures
CLSA Capital Partners has invested $21.8 million for a minority stake in Resonance Eduventures, an Indian education specialist. It marks the fifth investment in India by the $333 million ARIA Investment Partners III and the 10th by the ARIA group of funds...
Tata Opportunities Fund makes second close at $550m
Tata Capital has completed the second close of its latest private equity vehicle, the Tata Opportunities Fund LP, at $550 million.
Tano reaches $97m second close on India fund
Tano Capital has reached a $97 million second close on its latest India-focused vehicle, Tano India Private Equity Fund II, which has a final target of $150 million. The fund will look for growth capital investments in sectors such as infrastructure,...
Aureos invests in Filipino cosmetics retailer HBC
Aureos South East Asia Fund II has purchased a 33% stake in Filipino cosmetics retailer HBC Inc. for $7 million.