PIPE
TPG sells Shriram City Union Finance stake to Apax
TPG Capital has sold its 20.37% stake in Indian non-banking finance company Shriram City Union Finance (SCUF) to Apax Partners. Based on the May 12 closing price of INR1,719, it was worth around INR23 billion ($360 million).
EMR serves as cornerstone for Highfield Resources placement
Australian resources-focused investor EMR Capital has served as cornerstone investor for listed mining company Highfield Resources' A$120 million ($101 million) share placement.
GEMS invests $20m in East China Sea energy player
GEMS, a natural resources-focused PE firm, has subscribed to a $20 million convertible bond issued by Primeline Energy Holdings (PEH) to support development of its East China Sea oil and gas interests.
China tour provider gets $500m from JD.com, PE investors
Tuniu, a US-listed Chinese online package tour provider, has agreed to raise $500 million through a private placement to e-commerce giant JD.com and several of its existing PE and VC backers.
Two sides of a stock market boom
April is barely 20 days old and the capital generated through share placements and sell-downs by PE investors is already at its third-highest quarterly level in two years. That’s what happens when public markets go into overdrive.
PE investors to participate in $645m China TCM placement
GIC Private, China Renaissance Capital Investment (CRCI) and GL Capital Group are among 26 investors subscribing to a HK$5 billion ($645 million) share placement by China Traditional Chinese Medicine (China TCM), intended to generate capital for acquisitions.
First quarter analysis: Slow start
Slower investment in the first quarter is either an historical norm or a worrying sign; fundraising flies by for the few, the majority still struggle; Asia’s exit bonanza comes to a sudden stop as trade sales weaken
IDB, Pertamina Pension Fund to set up private equity JV
The Islamic Development Bank (IDB) and Indonesia's Pertamina Pension Fund have agreed to set up a joint venture private equity firm to invest in infrastructure and other projects in Indonesia.
Mandala backs Indian agriculture finance business
Mandala Capital has invested INR1.1 billion ($17.9 million) in Sustainable Agro-commercial Finance (SAFL), a agriculture-focused non-banking financial company (NBFC) controlled by India's Jain Irrigation Systems (JISL).
IDFC Alternatives to buy stake in Indian power project
IDFC Alternatives has agreed to buy a 23.5% stake in ONGC Tripura Power Company (OTPC) for INR4.26 billion ($68.5 million). The purchase will be made through the India Infrastructure Fund II.
PEs seek a harvest in rural India
A tractor is one of the most versatile tools on a farm, but it is out of reach for many in rural India because they have no access to credit.
Magma Fincorp raises $80m from KKR, Leapfrog, IVFA
Magma Fincorp, an Indian non-banking finance company (NBFC), has raised INR5 billion ($80 million) from KKR, LeapFrog Investments, and India Value Fund Advisors' (IVFA) Indium V.
ChrysCapital invests $8.4m in South Indian Bank
ChrysCapital Partners has paid INR527.8 million (about $8.4 million) for a stake in listed lender South Indian Bank (SIB).
Fosun buys $138 million stake in Thomas Cook
Chinese investor Fosun International has purchased a 5% stake in UK-based travel agent Thomas Cook Group for GBP91.8 million ($138 million).
Alibaba affiliate to invest $383m in China’s Enlight Media
Hangzhou Ali Venture Capital, a VC subsidiary owned by Alibaba Group founders Jack Ma and Simon Xie, has acquired a RMB2.4billion ($383 million) stake in Chinese TV and movie producer Enlight Media.
Accel, Matrix invest $111m in NZ accounting software firm
Accel Partners, and existing investor Matrix Capital, have together invested NZ$147.2 million ($111 million) in New Zealand-listed accounting software developer Xero.
Creador invests $21.7m in India’s PC Jeweller
Southeast Asia and India-focused GP Creador has acquired a minority stake in PC Jeweller, a publicly-listed Indian jewellery retail chain, for INR1.35 billion ($21.7 million).
Creador invests $16.2 m in India's Ashiana Housing
Southeast Asia and India-focused GP Creador has paid INR1 billion ($16.2 million) for a minority stake in Ashiana Housing, a publicly-listed Indian property developer.
China’s Heaven-Sent Capital invests $32m in media enterprise
Chinese private equity firm Heaven-Sent Capital has invested RMB200 million ($32 million) in Great Wall Movie and Television, a Shenzhen-listed television and movie producer.
CITIC PE, Beijing Enterprises Water to buy majority stake in Jin Cai
CITIC Private Equity has teamed up with Beijing Enterprises Water Group to acquire a majority stake in Jin Cai Holdings, a Hong Kong-listed cigarette packaging manufacturer that wants to enter the clean energy space.
Shanghai mobile marketing firm gets $35m in PIPE financing
Dodoca Information Technology, a Chinese enterprise mobile marketing solutions provider, will raise RMB222 million ($35 million) from investors including Shenzhen Capital Group and its mutual fund arm Hotland Innovation Asset Management.
Clearwater makes partial exit from India's Oricon
Special situations investor Clearwater Capital Partners has made a partial exit from Mumbai-listed diversified company Oricon Enterprises, selling a 2.9% stake via an open market trade.
China Merchants invests $67m in United Photovoltaics
China Merchant Fund Management, an investment arm of China Merchants Bank, has subscribed to RMB420 million ($67 million) worth of convertible bonds issued by solar plant operator United Photovoltaics.
RRJ, IFC invest $85m in China Everbright Water
RRJ Capital and the International Finance Corporation (IFC) have agreed to subscribe to S$113.5 million ($85 million) in new shares issued by China Everbright Water, a Singapore-listed environmental protection and alternative energy business.