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India

India's Suzlon sells German unit to Centerbridge

Suzlon Energy, an India-headquartered wind-turbine manufacturer, has sold its German subsidiary - Senvion - to Centerbridge Partners in EUR1 billion ($1.16 billion) deal.

  • Cleantech
  • 23 January 2015
Blackstone exits India's Agile Electric for $106m

The Blackstone Group has agreed to sell its entire stake in Indian auto parts maker Agile Electric Sub Assembly to Japan's Igarashi Electric Works (IEW), and Indian boutique investment bank MAPE Advisory Group, in a $106.4 million deal.

  • South Asia
  • 23 January 2015
Goldman leads $56m round for big data firm Antuit

Goldman Sachs has led a $56 million round of funding for Antuit, a Singapore-headquartered big data analytics start-up. Zodius Capital, which provided seed funding for the company in 2013, also participated.

  • Technology
  • 23 January 2015
Temasek buys SVB's India venture debt business

Singapore's Temasek Holdings has agreed to acquire the India venture debt unit of NASDAQ-listed financial services company SVB Financial Group for INR2.8 billion ($45 million).

  • South Asia
  • 22 January 2015
Deal focus: ChrysCapital doubles its money on ING Vysya

In November it was revealed that Kotak Mahindra Bank - India's fourth largest private lender - would acquire its smaller rival, Bangalore-based retail bank ING Vysya, in an all-stock deal at a valuation of $2.4 billion.

  • South Asia
  • 21 January 2015
Facebook co-founder, Velos back India start-up Hopscotch

Facebook co-founder Eduardo Saverin and Singapore-based Velos Partners have committed $11 million in Series B funding to Indian babywear and kidswear retailer Hopscotch.

  • Venture
  • 21 January 2015
PremjiInvest leads Series C round for India's Amagi Media Labs

PremjiInvest has led a Series C round of funding for Amagi Media Labs, a Bangalore-based firm that facilitates targeted television advertising based on geography.

  • South Asia
  • 20 January 2015
Temasek acquires 18% stake in Indian hospital operator

Temasek Holdings - an investment arm of the Singapore government - has acquired a 17.74% stake in Global Health, which operates the Mendanta super specialty hospital in Gurgaon, India.

  • Healthcare
  • 20 January 2015
India Value Fund completes partial exit from Mahindra CIE

India Value Fund Advisors (IVFA) has completed a partial exit from Mahindra CIE Automotive, selling a third of its stake for about INR1.3 billion ($21 million).

  • South Asia
  • 19 January 2015
Tiger Global leads $100m round for India's ShopClues

Tiger Global has a led a $100 million Series C round of funding for Clues Network, the US parent of Indian e-commerce platform ShopClues.

  • Venture
  • 19 January 2015
KKR's McVey expects China restructuring, recapitalization opportunities

KKR expects to see increasing restructuring and recapitalization opportunities in China as the country’s role in the global economy adjusts, resulting in a sustained period of slower growth.

  • Restructuring
  • 16 January 2015
Multiples makes partial exit from Cholamandalam Finance

Multiples Alternative Asset Management has made a INR1.9 billion partial exit from Indian non-banking financial company Cholamandalam Investment and Finance Company (CIF).

  • Exits
  • 15 January 2015
CDC commits $48m to India healthcare provider

UK development finance institution (DFI) CDC Group has invested $48 million in Indian multi-specialty healthcare provider Narayana Hrudayalaya Hospitals (NH) in return for a small minority stake.

  • South Asia
  • 15 January 2015
TA buys stake in India SaaS provider RateGain

TA Associates has taken a minority stake in RateGain, an India-based software-as-a-service (SaaS) provider that works with clients in the hospitality and travel sector.

  • Technology
  • 15 January 2015
KKR's long-term India real estate solution

When KKR set up its first India-based non-banking financial company (NBFC) in 2009 to provide structured credit solutions to entrepreneurs, it was funded off the firm's own balance sheet. A few years on, it was reported that third-party investors were...

  • Financing
  • 14 January 2015
Profile: Multiples Alternative's Renuka Ramnath

Credited as one of the founders of Indian private equity, Renuka Ramnath built up ICICI Venture before going solo to repeat the act with Multiples Alternative Asset Management. She sees her work as far from over

  • South Asia
  • 14 January 2015
India's ChrysCapital makes $108m partial exit from ING Vysa

Indian GP ChrysCapital Partners has made a partial exit from ING Vysya Bank via an open market transaction, selling just over 80% of it holding for around INR6.7 billion ($108 million).

  • South Asia
  • 14 January 2015
L Capital Asia targets India e-commerce

L Capital Asia, a PE firm sponsored by French luxury goods conglomerate LVMH Group, could invest up to $150 million in India this year as it targets opportunities in the country's fast growing e-commerce sector.

  • South Asia
  • 14 January 2015
Carlyle promotes Hiroyuki Otsuka to partner in Japan

The Carlyle Group has promoted Hiroyuki Otsuka, a member of its Japan buyout team, to partner as part of global round of 59 appointments, including five in Asia.

  • People
  • 13 January 2015
India's VC-backed Zomato acquires US-based Urbanspoon

Zomato, a VC-backed restaurant search service based in India, has acquired US-based counterpart Urbanspoon as it seeks to accelerate growth in overseas markets.

  • Buyouts
  • 13 January 2015
Infosys expands Innovation Fund five-fold to $500m

Indian IT and business consulting firm Infosys has expanded its early-stage investment vehicle - Innovation Fund - from its original $100 million corpus to $500 million.

  • South Asia
  • 12 January 2015
Alibaba to invest in Indian e-commerce, payments platform

Alibaba Group has agreed to invest at least $550 million in One97 Communications, owner of India-based mobile commerce platform and payments solution provider Paytm, which has several venture capital backers.

  • Technology
  • 12 January 2015
India's Multiples set for $325m first close on Fund II

Indian mid-market GP Multiples will reach a $325 million first close on its second fund by end of this month, with a final close of $650 million slated for around September.

  • South Asia
  • 09 January 2015
Google Capital backs India real estate platform CommonFloor

Google Capital has provided a new round of funding for CommonFloor.com, an India-based property listings website.

  • Venture
  • 09 January 2015
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