Warburg Pincus Asia
Warburg Pincus sells Kotak Mahindra stake for $272m
Warburg Pincus has fully exited India’s Kotak Mahindra Bank by selling the remaining 3.6% stake it held in the institution for INR14 billion ($272 million) on the public markets.
VC-backed Anaphore bolts on China’s RuiYi
Anaphore, a US developer of protein pharmaceuticals backed by VC firms 5AM Ventures and Versant Ventures, has acquired Chinese biologics drug discovery platform RuiYi.
Warburg Pincus, TPG-backed Neiman Marcus enters China
Neiman Marcus Group, the US luxury retailer owned by Warburg Pincus and TPG Capital, has invested $28 million for a minority stake in Hong Kong-based luxury e-commerce site Glamour Sales.
TVS, IFC back Dunar Foods with $25m
TVS Capital and International Finance Corp. (IFC), the investment arm of the World Bank, have invested INR1.24 billion ($25 million) for a minority stake in Indian basmati rice supplier Dunar Foods.
Khazanah exits India’s Yes Bank
Malaysian sovereign wealth fund Khazanah Nasional has sold the 4.2% stake it acquired from ChrysCapital and other investors in India’s Yes Bank for INR5.3 billion ($106 million).
Haitong to revive Hong Kong IPO in April
Haitong Securities, China’s second largest brokerage by assets, will once again seek to list on the Hong Kong Stock Exchange, with a fundraising target of $1.5 billion.
Warburg Pincus, IFC commit $50m to Au Financiers
Warburg Pincus and International Finance Corp. (IFC) have jointly invested $50 million in Au Financiers, an Indian non-banking finance company. IFC’s participation means its stake in the company will remain the same, while Motilal Oswal Private Equity,...
Warburg Pincus and GA in talks to invest $200m in Aegis
US-based Warburg Pincus and General Atlantic (GA) are in talks to invest as much as $200 million for a stake in Aegis, the IT services arm of Indian industrial conglomerate Essar Group.
FGPI gives $41m cash boost to Aptuit Laurus
Fidelity Growth Partners India (FGPI), the India-focused the private equity arm of Fidelity Worldwide Investment, has invested INR2 billion ($40.6 million) in pharma company Aptuit Laurus.
Warburg Pincus poised to commit $50m to Indian NBFC
Warbug Pincus is closing in on a $50 million investment in Au Financiers, an Indian non-banking financial company. The deal provides a partial exit for existing investor Motilal Oswal Private Equity.
Temasek sells $300m ICICI Bank stake
Temasek Holdings, Singapore’s second-largest sovereign wealth fund has sold a 1.4% stake in ICICI Bank for INR14.7 billion ($299 million), reducing its shareholding in India’s biggest private bank to 2%.
Warburg Pincus, Oak Hill seek exits from Indian BPO firms
Warburg Pincus and Oak Hill Capital Partners are both lining up exits from Indian outsourcing companies listed in the US. WNS plans to offer 10.5 million new and ordinary shares, which would reduce Warburg Pincus’ holding in the company from 47.84%...
Warburg Pincus completes partial exit from Kotak Mahindra
Warburg Pincus completed a public market sell down of part of its holding in India’s Kotak Mahindra Bank on Wednesday. The private equity firm raised about $170 million through the transaction.
Warburg Pincus, Carlyle consider backing Indian NBFC – report
Au Financiers, an Indian non-banking financial company (NBFC), is reportedly in talks with Warburg Pincus and The Carlyle Group for a third round of funding.
Warburg Pincus promotes three Asia professionals to MD level
Warburg Pincus has named three new managing directors in Asia, including Zhiming Yue and Joe Gagnon in Hong Kong, as well as Nitin Nayar in Mumbai. It is part of a wave of promotions globally, which has seen nine senior professionals elevated to managing...
Nalanda Capital boosts stake in Indian pipe manufacturer
Nalanda Capital, the Singapore-based private equity firm set up by Pulak Prasad, former managing director at Warburg Pincus India, has increased its holding in Ratnamani Metals & Tubes. The company manufactures piping for use in a wide range of industries.
Kedaara to pursue carve-outs from Indian conglomerates
Kedaara Capital, the private equity firm created by Manish Kejriwal and Sunish Sharma, formerly of Temasek India and General Atlantic India, respectively, will focus on investments in carve-outs and spin-offs of non-core assets from large corporations.
PE investment in Indian real estate up 69% in 2011
Private equity investment in Indian real estate firms increased by 69% to $2.68 billion in 2011.
GIC backs Canada’s Osum Oil Sands
Government of Singapore Investment Corp. (GIC) has participated in a $500 million investment in Osum Oil Sands Corp, which is looking to tap Canada’s oil sands and bitumen resources, through a private placement to a combination of new and existing investors.
Warburg Pincus-backed port seeks expansion into Australia
Gangavaram Port, the Warburg Pincus-backed owner of India's deepest seaport, is reportedly in talks to acquire several operational seaports in Australia and Africa.
Warburg Pincus ups stake in China Biologic Products
Warburg Pincus Private Equity has upped its stake in human plasma collection company China Biologic Products (CBPO), in its tenth purchase of shares in the company this year.
Haitong delays Hong Kong IPO - report
Chinese brokerage Haitong Securities has reportedly postponed its $1.7 billion Hong Kong IPO possibly until the first quarter of 2012, citing market volatility for the delay.
Warburg becomes an investor in Haitong IPO
Warburg Pincus Private Equity has become a cornerstone investor in the IPO of Chinese brokerage Haitong Securities, buying $210 million worth of shares as part of a potential $1.7 billion raise by the company.
Warburg Pincus names new India co-heads
Warburg Pincus has elevated managing directors Niten Malhan and Vishal Mahadevia to the roles of co-heads of the firm's India business, assuming the responsibilities held by Managing Director Dalip Pathak, who founded the India office. Their appointments...