India
Actis exits Indian retailer Nilgiri's to Future Group
Actis has exited it stake in India's Nigilri Dairy Farm , the business behind convenience store chain Nilgiri's, to Future Consumer Enterprise (FCEL), a retail unit of Kishore Biyani’s Future Group.
Partners Group appoints Cyrus Driver head of Asian private equity
Cyrus Driver has been named head of Asian private equity at Partners Group, replacing Andreas Baumann who has relocated to the US to head up the company’s business in the Americas.
Everstone, Solmark acquire India's Servion Global Solutions
Everstone Capital and US tech-focused investor Solmark have agreed to acquire a majority stake in Servion Global Solutions, an India-based customer interaction management (CIM) solutions provider, for INR4 billion ($65 million).
VCs commit $60m to India restaurant listings site Zomato
Zomato, a restaurant search service based in India, has raised a Series E round of funding worth $60 million from Vy Capital and existing backers Info Edge and Sequoia Capital.
Asia fundraising: How much is too much?
Ever increasing fund sizes have become a fact of life for some private equity firms in Asia. LPs must distinguish between GPs raising more capital for a valid purpose and GPs doing so simply because they can
IFC leads $45m round for India's Tikona Digital
International Finance Corporation (IFC), the World Bank's investment arm, has led a $45 million round of investment in Indian broadband service provider Tikona Digital Networks.
SAIF-backed HomeShop18 abandons US IPO
HomeShop18, an Indian television shopping network and online market place backed by SAIF Partners and OCP Asia, has abandoned plans for a US IPO.
Bain nets $400m through part-exit from India's Hero MotorCorp
Bain Capital has completed a second partial exit in five months from Indian motorcycle manufacturer Hero MotorCorp, raising INR24.5 billion ($400 million).
Forum Synergies leads Series B round for Indian ethnic clothing retailer
Forum Synergies has led a Series B round of funding worth INR300-500 million ($4.9-8.1 million) for CBazaar.in, an Indian online ethnic fashion retailer.
TVS Capital consortium picks 26% stake in IEX
A consortium led by TVS Capital Funds has agreed to buy a 25.64% stake in Indian Energy Exchange (IEX) for INR5.76 billion ($94 million) from Blackstone-backed Financial Technologies India (FTIL).
SEBI mulls allowing FVCI infrastructure investments
The Securites and Exchange Board of India (SEBI), India's financial markets regulator, has proposed that Foreign Venture Capital Investors (FVCIs) be allowed to back Core Investment Companies (CICs) in the infrastructure space in a bid to encourage more...
Private equity firm names: A brand apart
As private equity becomes more of a mainstream asset class, brand-consciousness kicks in. Finding a suitable name can be a challenge, particularly when operating in multiple markets and languages
Asia PE performance: Special measures
Asian private equity has, by some accounts, failed to meet LP expectations in terms of risk-adjusted returns. With GPs under pressure to show they can be company builders, is specialization the inevitable end game?
Helion provides Series A for Indian packaged food maker
Helion Venture Partners has provided INR350 million ($5.7 million) in a Series A round of funding for iD Fresh Foods, an Indian ready-to-cook packaged foods company.
India's GHV forms partnership with Japan's WiL
India's Green House Venture (GHV) Accelerator has teamed up with Japan and US-based early-stage investor World Innovation Labs (WiL) to back Indian start-ups with the potential to go global.
Motilal Oswal PE set for part exit through Power Mech IPO
India's Motilal Oswal Private Equity is set to make a partial exit from Hyderabad-based power infrastructure service provider Power Mech Projects, which has filed for an IPO.
Mandala Capital commits $24m to India cold chain business
Mandala Capital has acquired a 30% stake in the cold chain unit of Indian express distribution and supply chain solutions provider Gati for INR1.5 billion ($24.4 million).
Sequoia leads $8m round for Indian car-rental firm Zoomcar
Sequoia Capital has led an $8 million round of funding for Zoomcar, an Indian car-rental start-up, alongside existing investors including Empire Angels, FundersClub, Basset Investment Group and Triangle Growth Partners.
Creador offloads more of Repco Home Finance
Creador has made another partial exit from India's Repco Home Finance (RHF), bringing its stake in the company to just under 2%.
Warburg Pincus invests $90m in India's Laurus Labs, Fidelity part exits
Warburg Pincus has paid INR5.5 billion ($89.6 million) for a minority stake in Indian drug maker Laurus Labs, triggering a partial exit for Fidelity Growth Partners India.
India taxi-booking app gets $210m round led by SoftBank
India taxi-booking app Ola has raised $210 million in a Series D round of funding led by SoftBank. Existing investors Tiger Global, Matrix Partners India and Steadview Capital also participated.
Softbank injects $627m into India e-commerce firm Snapdeal
Japanese tech giant SoftBank Group has agreed to invest $627 million in Indian e-commerce site Snapdeal, bringing the start-up's total funding to more than $1 billion.
Creador in Repco Home Finance withdrawal
The growth of India's non-banking finance companies (NBFCs) - institutions that offer banking services without meeting the definition of a bank - is well-documented. According to the Reserve Bank of India (RBI), the share of NBFC's assets as a proportion...
NRI investors sue ICICI Venture for damages
ICICI Venture is being sued by a group of 69 non-resident Indian investors who are seeking $103 million in damages from over alleged losses from a property fund run by the GP.