Growth capital
EmergeVest invests $20m in Asian apparel supplier
EmergeVest, a Hong Kong-based PE boutique set up in late 2013 by two former executives from HSBC’s Asia principal investments division, has committed $20 million in equity financing to apparel supplier JD United Manufacturing (JDU).
Japan's WM Partners secures debut deal
Japanese secondaries investor WM Partners (WMP) has completed the debut transaction from its first fund, acquiring a 12% interest in B2B marketing platform Shanon.
Warburg supports Liepin's O2O expansion
Emboldened by a $70 million Series C round of funding led by Warburg Pincus, differentiation is now Liepin.com's top priority. The Chinese online recruitment services provider must set itself apart from rivals such as NASDAQ-listed 51job and Zhaopin.com....
Actis invests in Chinese biscuit maker
Emerging markets investor Actis has taken a minority stake in Jiashili Food Group, one of China’s biggest biscuit companies, for an undisclosed sum.
Zoyi buys stake in Taiwanese pineapple cake maker
Greater China-focused mid-cap investor Zoyi Capital has acquired a minority stake in Vigor Kobo, a Taiwan-based retailer best known for selling pineapple cakes to tourists.
China's ClearVue leads round for Japanese-style restaurant chain
ClearVue Partners has led a $10 million round of funding for Akasakatei, a Japanese cuisine restaurant chain in China.
India's Kedaara seals debut deal
India-focused GP Kedaara Capital has made its first investment, taking a 23% stake in Mahindra Logistics for INR2 billion ($32.7 million).
TPG forms JV with Indian online player Smile
TPG Growth has formed a $100 million joint venture with Indian internet media company Smile Group to build businesses in Asia-Pacific, the Middle East and Africa.
Asia PE fundraising slows to $6.6b in first quarter
Asia private equity fundraising came to $6.6 billion in the first quarter of 2014, according to provisional data released by AVCJ Research, down from $9.7 billion in the final three months of 2013.
RRJ, OCBC invest in Chinese paper packaging firm – update
RRJ Capital and OCBC Bank's mezzanine capital unit have together invested $65 million in Nature Packaging Group, one of China’s largest paper packaging firms.
Au Financiers raises $21m from existing investors
Indian non-banking financial company (NBFC) Au Financiers has raised $21 million from existing shareholders, including the promoters, through a preferential allotment of shares.
Vision Knight's institutional upgrade
A mark of a successful first fund is increasing interest from institutional investors in its successor.
China's Hony eyes manufacturing, healthcare opportunities
China-focused PE firm Hony Capital is tracking investment opportunities in state-owned manufacturing and healthcare companies as the government seeks to further restructure its assets.
India's Ratnakar Bank raises $55m from investors
India's Ratnakar Bank has raised INR3.28 billion ($54.6 million) from a consortium of investors, including CDC Group and Asia Capital & Advisors, in return for a minority stake.
FountainVest, CMC buy 20% stake in IMAX China
FountainVest Partners and CMC Capital Partners have paid $80 million for a 20% stake in movie theater operator IMAX’s China business, with an objective to grow the business and ultimately take it public.
Rabo Equity's India nutrition play
Valued at around INR720 billion ($11.9 billion), India’s pharmaceutical market continues to be a popular destination with private equity investors, but the sector has seen better days. A recent report by PricewaterhouseCoopers shows a tightening regulatory...
China healthcare: Innovation issues
There is plenty of buzz about investment in Chinese healthcare but the pharmaceuticals segment has yet to fulfill its promise as an R&D hub. Should PE and VC investors be looking for different angles?
Portfolio: CDH, Mekong and Mobile World
Early investor Mekong Capital and recent addition CDH Investments have guided Mobile World through rapid growth and growing pains. Now the Vietnam-based mobile phone retailer is about to go public
L Capital Asia invests in Italian footwear maker
L Capital Asia has acquired a minority stake in Italian high-end footwear manufacturer Vicini, working in partnership with L Capital Management, another PE firm supported by luxury goods conglomerate LVMH.
Tata Opportunities Fund commits $50m to Varroc Engineering
Tata Opportunities Fund has invested INR3 billion ($30 million) in Varroc Engineering, an Indian auto component manufacturer owned by Varroc Group.
CDC invests $28m in India's Ratnakar Bank
CDC Group has paid $28 million for a 4.8% stake in India’s Ratnakar Bank, which specializes in lending to small businesses. The bank has been seeking to raise around $60 million ahead of an IPO.
IFC to invest $85m in PepsiCo's India bottler
International Finance Corporation (IFC) is investing $85 million in Varun Beverages, the largest South Asian bottler for soft drinks giant PepsiCo.
Everstone invests $16m in India fashion house
Everstone Capital has invested INR1 billion ($16.6 million) in Indian fashion label RituKumar in return for an undisclosed minority stake.
ChrysCapital in cross-border IT play
LiquidHub might be described as characteristic of all ChrysCapital’s investments in the IT segment, yet at the same time the US and India-based digital consultancy represents the complete reverse of any other deal the PE firm has done.