China’s CDB Raises US$1.4 Billion for Private Equity Fund (Asia)

CDB Capital, the fund management arm of China Development Bank, has reportedly raised RMB9 billion (approximately US$1.4 billion) for a private equity fund of funds. The CDB Guochuang Kaiyuan Private Equity Fund of Funds is targeting RMB10 billion in total commitments. The fund is part of the Guochuang Fund… Read More

CapMan Invests in Top League (CEE/CIS)

CapMan Russia, a Russian private equity fund managed by CapMan, has acquired a minority stake in local sporting goods retail chain Top League. The chain currently consists of 55 stores located in 16 cities in the Southern, North-Caucasus and Central Federal Districts of Russia. The funding will be used… Read More

SAIF and Accel Lead Second Round of Funding for PropTiger (Asia)

Private equity and venture capital firms SAIF Partners and Accel Partners have jointly invested in PropTiger Realty Private Limited, which runs, an Indian technology-enabled real estate marketing services platform. The deal is valued at INR250 million (approximately US$5 million). The company plans to use the new funding to… Read More

TVS Logistics Announces an Investment by KKR and Goldman Sachs (Asia)

TVS Logistics Services, an Indian provider of logistics solutions across multiple verticals including automotive, distribution, electronics and discrete component manufacturing, has reached an agreement with an affiliate of Kohlberg Kravis Roberts & Co. and Goldman Sachs. The deal is valued at approximately US$53 million, of which KKR will invest… Read More

General Atlantic Raises US$129 Million Through Zhongsheng Sale (Asia)

Global private equity firm General Atlantic has completed its third partial exit from Chinese automobile dealership group Zhongsheng Group, reducing the firm’s stake in the company to an approximate 5 percent. The value of the transaction is estimated at US$129 million. General Atlantic reportedly sold 65 million shares of… Read More

Brazil’s Qualicorp Raises BRL674 Million from Share Sale (Latin America)

The controlling shareholders of Brazilian healthcare company Grupo Qualicorp have raised BRL674 million (approximately US$364 million) from a secondary offering on the Brazilian stock exchange (BM&FBOVESPA). Over 40 million shares were sold at a price of BRL16.50 each. The amount raised could increase if the controlling shareholders—global private equity… Read More

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