India
Private debt: Feet on the ground
Investors see growing opportunity in Asian credit, but the region has proven difficult for foreign managers to address. Local expertise, particularly in emerging markets, can unlock the best returns
Everstone to buy India's Kenstar
The Everstone Group has agreed to buy Indian home appliance maker Kenstar from the Videocon Group.
KKR, Gaja lead $151m round for India's Avendus
KKR and Gaja Capital have led a INR9.8 billion ($151 million) investment in Avendus Capital, an Indian financial services firm owned by KKR.
UK fintech player gets $280m for Asia push
UK-based fintech company TransferWise has raised a $280 million round led by IVP and Old Mutual Global Investors as part of an expansion in Asia Pacific and Latin America.
India's UFO, Qube to merge, ICICI to invest
UFO Moviez, an Indian digital broadcaster with several PE backers, will merge with domestic peer Qube Cinema Technologies, with support from ICICI Venture.
Naspers to back Remitly expansion in India
Naspers has agreed to lead a Series D funding round of up to $115 million via its PayU unit to support an international expansion by US financial technology player Remitly, including a push into India.
Q&A: Samena Capital's Shirish Saraf
With its focus on Asia and the Middle East and a roster of big-name owner-shareholders, Samena Capital is a GP with a difference. Shirish Saraf, the firm’s founder and vice chairman, explains the strategy
True North sets $1.1b hard cap for sixth India fund
Indian private equity firm True North – formerly known as India Value Fund Advisors (IVFA) – has set a hard cap of $1.1 billion for its sixth fund, according to sources familiar with the situation.
Everstone-Realterm JV launches third India logistics fund
IndoSpace, a joint venture between the Everstone Group and US-based Realterm Global, has launched its third fund aimed at developing Indian logistics and industrial facilities.
LP interview: LGT Capital Partners
LGT Capital Partners sees Asia as a misunderstood investment destination among Western LPs due to unfounded concerns about the risk of the region. Local connections are key to building a strong strategy
CDPQ backs logistics expansion by Logos India
Caisse de dépôt et placement du Québec (CDPQ) is backing Australia-headquartered property company Logos’ expansion into Indian logistics projects.
Two partners depart India's Kalaari
Bala Srinivasa and Prashant Aluru, partners at Indian early-stage venture capital firm Kalaari Capital, have left the firm to pursue other opportunities.
Gaja part-exits India's John Distilleries to US trade buyer
Gaja Capital Partners sold part of its stake in Indian liquor producer John Distilleries (JDPL) to The Sazerac Company, a US-based distillery.
3Q analysis: More about Japan
Toshiba sends Japan into top spot for investment amid corporate carve-out excitement; fundraising plummets in the absence of Chinese state-backed vehicles; the IPO window opens as public markets boom
PE-backed MAS Financial climbs 31% on trading debut
Indian PE-backed non-banking finance company (NBFC) MAS Financial Services gained 30.9% on its trading debut in India after raising INR4.6 billion ($70.9 million) in its IPO last week.
ADIA commits $1b to India's state-backed infra fund
Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund based in the United Arab Emirates, has committed $1 billion to the Indian government’s National Investment and Infrastructure Fund (NIIF).
Amicus invests $9.3m in India's RenewBuy
Amicus Capital Partners has made its maiden investment, committing INR600 million ($9.3 million) to Indian online insurance aggregator RenewBuy.
True North, IDG in $77m round for India's Policybazaar
Indian online financial services portal Policybazaar has raised INR5 billion ($77 million) from a group of investors led by True North, IDG Venture Partners, and US-based Wellington Management.
Gaja leads $15m round for India's Kinara
Gaja Capital Partners has led a INR960 million ($14.8 million) funding round for Indian non-banking finance company (NBFC) Kinara Capital.
Ola confirms Tencent investment, targets $2b round
China's Tencent Holdings has led a $1.1 billion investment in Indian ride-hailing app developer Ola. The company is in talks with other investors to raise a further $1 billion as an extension of this funding round.
Reliance Insurance files for India IPO
Reliance General Insurance, the insurance arm of India’s Reliance Capital, has filed for an IPO that will provide a partial exit for its parent.
India's Samara acquires drug portfolio from Novartis
Samara Capital Partners has acquired the Indian rights to a portfolio of drug brands from Swiss pharmaceutical company Novartis.
Vickers closes fifth VC fund at $230m
Vickers Ventures Partners has closed its fifth fund, which invests in China, Southeast Asia, India and the US, at $230 million – larger than the firm’s four previous vehicles put together.
India's Zee entertainment to buy PE-backed 9X Media
Zee Entertainment Enterprises, a media and entertainment company based in India, has agreed to acquire 9X Media, an Indian media firm backed by New Silk Route Partners (NSR).