Milestone Capital Partners
Taiwan's JHL Biotech raises $45m in Series C round
Taiwan-based biopharmaceutical company JHL Biotech has raised a $45 million Series C round, led by an unnamed investor. Existing backer Milestone Capital also participated, along with newcomers Sungent BioVenture and Liwick Investment Management.
TPG-backed retailer Li Ning seeks to raise $218m
Struggling Chinese sportswear retailer Li Ning plans to raise up to HK$1.69 billion ($218 million) through a share offering, with existing investors TPG Capital, Milestone Capital and GIC Private all agreeing to participate.
Milestone leads $35m Series B round for JHL Biotech
Milestone Capital has led a $35 million Series B round of investment for JHL Biotech, a Taiwan-based biopharmaceutical company.
India's Milestone exits Pune commercial property
Indian private equity firm Milestone Capital Advisors has exited its stake in a 250,000 square foot commercial property in Pune for INR1.45 billion ($24 million).
India's Milestone Capital gets new real estate CEO
India's Milestone Capital Advisors has named Alok Aggarwal as managing partner and chief executive officer of its real estate business.
Carlyle, Milestone, Orchid Asia among cornerstones for China Tenwow IPO
The Carlyle Group, Milestone Partners and Orchid Asia will participate as cornerstone investors in the proposed Hong Kong IPO of Chinese packed food and beverage producer Tenwow International. The private equity investors will inject a combined of $92.3...
Quadria hires Rajesh Singhal to boost India coverage
Quadria Capital has appointed Rajesh Singhal as principal managing partner. He will take responsibility for the education and healthcare portfolio companies in India Build-Out Fund I, a vehicle acquired from Milestone Religare Investment Advisors three...
Quadria carries the Milestone-Religare torch
For Amit Varma, buying Indian GP Milestone Religare was never part of the plan. He left financial services group Religare last year to set up Quadria Capital with Abrar Mir, formerly of NBD Sana Capital. They recently launched a debut fund, targeting...
Quadria Capital buys India’s Milestone Religare
Quadria Capital, which is currently raising a healthcare fund focused on South Asia and Southeast Asia, has acquired Milestone Religare Investment Advisors. Milestone Capital, joint owner of the asset alongside Religare Enterprises, had been looking for...
Indian realty GPs show their distress
India’s real estate industry is facing tough times amid rising debt costs and tighter credit access. But why are the private equity owners more distressed than the assets themselves?
Milestone backs China restaurant chain IPO
Milestone Capital Partners has agreed to become a cornerstone investor in Chinese restaurant chain Xiao Nan Guo’s Hong Kong IPO. The company is looking to sell 341.25 million shares at HK$1.50 to raise HK$511.5 million ($65.9 million). A Milestone subsidiary...
Ashmore among the suitors for Milestone Capital – report
Milestone Capital, the Indian private equity firm set up by Ved Prakash Arya, who died last year, is attracting interest from Ashmore Investment Management as well as a clutch of local financial services players. Arya’s family are seeking around INR3...
PE succession planning: Continuity issues
Asia’s private equity industry may not be old, but it is still volatile. Firms that fail to address succession planning – due to staff turnover if not staff ages – risk losing the confidence of LPs.
Milestone Capital approached with merger, buyout offers
Milestone Capital Advisors is considering a merger or buyout that has the potential to be the largest transaction ever seen in India’s private equity industry. It comes two months after Ved Prakash Arya, Milestone’s founder and CEO, died in a freak...
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...
Milestone leads $23m funding round in Xinhua Travel
Milestone Capital has led a $23 million round of funding in Chinese online travel services firm Xinhua Travel, which will be used for the company’s expansion.
VC-backed Lashou prepares for US IPO - report
China's top group-buying website Lashou.com is planning an IPO in the US, Bloomberg reported, adding that the company is looking for deal advisers to replace Morgan Stanley and Goldman Sachs, which are already underwriting the listing of US rival Groupon.
Milestone appoints Arya's wife, brother to board of directors
Milestone Capital has inducted the wife and brother of late managing director and CEO Ved Prakash Arya (pictured) onto its board of directors, coming as an executive committee looks to replace Arya weeks after his accidental death.
Milestone's board to decide on Arya's successor
Milestone Capital’s board of directors will reportedly meet in the coming days to appoint a successor to CEO Ved Prakash Arya, who died last week when a coconut tree collapsed on him.
Milestone Capital's Ved Prakash Arya killed in accident
Ved Prakash Arya, managing director and CEO of Milestone Capital Advisors, died in an accident Thursday near his Mumbai home. He was 42 and is survived by his wife and two children.
Groupon’s China JV closes offices, fires staff
GaoPeng, the Chinese group buying site run as a joint venture between Groupon, Tencent Holdings and local private equity firm Yunfeng Capital, has closed offices in some cities and is laying off employees. Sources familiar with the situation told The...
Angel investors rise in China
Venture capitalists are turning to earlier-stage funding as they seek to add value and avoid the crowded growth capital space
Milestone Religare appoints new managing partners
Srinivas Baratam and Anant Kulkarni have been appointed joint managing partners at Milestone Religare Investment Advisors.
Pennsylvania pension fund commits $220m to private equity
Pennsylvania Public Schools Employees’ Retirement System has committed up to $220 million to private equity investments, including $50 million for Orchid Asia V, which focuses on growth capital investments in China.