PIPE
Q&A: Jupiter Capital's Indika Hettiarachchi
Indika Hettiarachchi, director at Sri Lanka-based Jupiter Capital Partners, outlines why India’s economic troubles could help other South Asian countries get a bigger share of investment in the region
Standard Chartered PE raises stake in Fortis Healthcare
Standard Chartered Private Equity (SCPE) has invested a further INR370.3 million ($5.7 million) to buy preferential shares in India’s Fortis Healthcare. It brings SCPE’s total investment into the company to approximately INR2.5 billion.
ChrysCapital part exits Hexaware for $9m
ChrysCapital Partners has sold part of its 9.59% stake in listed Indian outsourcing firm Hexaware Technologies for INR614.2 million ($9.2 million) on the open market.
Ascent Capital invests $3.7m in CARE Ratings
Ascent Capital will invest INR250 million ($3.69 million) in Indian credit rating agency Credit Analysis and Research (CARE)
Nalanda Capital invests in India’s Info Edge
Nalanda Capital has invested more than INR268 million ($3.9 million) in listed online classifieds company Info Edge India. The PE firm bought 1.7 million shares on the secondary market for around INR300 apiece.
TPG takes 23% stake in India’s Shriram City Union NBFC
TPG Capital has acquired a direct 22.65% stake in Shriram City Union Finance (SCUF) following a restructuring of the non-bank financing company’s (NBFC) holding vehicles.
TPG to invest $108.6m in China Xinyuan Real Estate
TPG Capital plans to invest $108.6 million in Xinyuan Real Estate, a US-listed Chinese property developer, by subscribing to a combination of convertible notes and common shares.
Baring Asia to take majority stake in India’s Hexaware, General Atlantic exits
Baring Private Equity Asia will acquire a 41.8% holding in Hexaware Technologies, an IT and business process outsourcing services firm, from the founders and General Atlantic (GA) for up to INR16.87 billion ($261.9 million). It will then have to make...
Avendus picks up stake in India’s MT Educare
Avendus Private Equity has bought a 1.2% stake in school and professional college tutorial chain operator MT Educare for INR46.9 million ($ 762,408) in an open market transaction.
Nalanda Capital ups stake in Lovable Lingerie
Singapore-based Nalanda Capital has invested another INR5.4 million ($89,825) in listed Indian undergarment maker Lovable Lingerie, taking its stake to 5.06%.
Providence Equity-backed Idea Cellular to raise $616m through share sale
Idea Cellular, an Indian telecom provider backed by Providence Equity Partners, plans to issue up to INR37.5 billion ($616.1 million) in equity.
China Merchants sells stake in NTong Technology
The direct investment arm of China Merchants Group plans to sell its entire 12.34% stake in NTong Technology to Shenzhen-listed Unisplendour Corporation (UNIS), for RMB86.36 million ($14.07 million). The proposed deal values the company at about RMB700...
Zennon, New World invest $25m in China games developer CMGE
Zennon Capital Partners and New World Strategic Investment (NWSI) have invested $25 million in NASDAQ-listed China Mobile Games and Entertainment Group (CMGE).
Standard Chartered boosts stake as India’s Fortis moves to cut debt
Standard Chartered Private Equity (SCPE) will invest a further $13.5 million in hospital chain Fortis Healthcare through a preferential allotment of shares, taking its total holding to around 2.7%.
Providence ups stake in India's Hathway Cable & Datacom
Providence Equity Partners has increased its stake in Indian cable and broadband operator Hathway Cable & Datacom by injecting INR1.5 billion ($25.1 million) alongside the promoter.
Baring ups stake in India’s Manappuram Finance
Baring Private Equity Partners India has upped its stake in Manappuram Finance, a listed non-bank financial company (NBFC) specializing in gold loans, to 11.56% from an earlier 9.48% via open market purchases.
KKR seals debut Indonesia deal
KKR will become the second-largest shareholder in Indonesia’s Tiga Pilar Sejahtera Food (TPSF) after agreeing to buy an approximately 9.5% stake for an undisclosed sum. The investment, which is being made through funds advised by KKR Asset Management,...
Leopard Capital spins out public equities division
Frontier investor Leopard Capital’s long-only PIPE deals fund, the Leopard Asia Frontier Fund (LAFF) and the rest of its public equities division has been bought out by the fund manager, Thomas Hugger.
CDH commits $97m to China's New Focus Auto
CDH Investments has invested $97.37 million in Hong Kong-listed auto after-sales service provider New Focus Auto (NFA) through a subscription to ordinary shares and convertible bonds. Upon full conversion it will own 63.2% of the company.
Capital International backs Philippines media conglomerate
Capital International has invested PHP2.5 billion ($60.7 million) in ABS-CBN Corporation, the Philippines’ largest media and entertainment company. The funding will be used to support ABS-CBN’s platform expansion, including boosting its digital terrestrial...
Alibaba invests $294m in Chinese digital mapping firm
Alibaba Group has agreed to pay $294 million for a 28% stake in AutoNavi Holdings, a Chinese digital mapping company listed in the US. The deal is further evidence of cash-rich Chinese internet companies’ increasing acquisitiveness as they seek to diversify...
CLSA Capital Partners to invest $10m in Indian agri company
CLSA Capital Partners will acquire a 19.6% stake in Camson Bio Technologies, an agricultural biotechnology company, for INR539 million ($10 million).
TPG increases stake in Indian bulk container manufacturer
TPG Capital has invested INR1.35 billion ($25 million) in Flexituff International through a subscription to foreign currency convertible bonds (FCCB), one month after buying a 5.34% stake in the company for INR270 million ($5 million)
CHAMP, Headland Capital up stake in Miclyn Express
CHAMP Private Equity and Headland Capital Partners have raised their stakes in Miclyn Express Offshore, a firm which provides vessels to support exploration and production of oil and natural gas.