Infrastructure firm NWS Holdings, a unit of Hong Kong property developer New World Development, has agreed to sell Hong Kong-based bus franchises Citybus and New World First Bus for HKD3.2b (USD410.2m) to a consortium led by private equity fund Templewater Bravo in a cash deal. Following the transaction,… Read More
Fundamentum Partnership and KB Global have invested USD13m in an extended Series D for India-based logistics SaaS platform FarEye. Microsoft’s corporate venture fund M12 led the company’s USD24.5m Series D in April 2020. Read more… Read More
A consortium of investors led by Baring Private Equity Asia has agreed to invest USD209m in India-based lender RBL Bank for a 19.55% stake. Baring has agreed to invest USD132m for a 9.45% stake. Other participating investors include CDC Group, Gaja Capital, and ICICI Prudential Life. Read… Read More
WestBridge Capital led a USD28m Series C for India-based edtech Leadership Boulevard (LEAD School), with participation from existing investor Elevar Equity. Read more… Read More
KKR has completed the USD739m acquisition of two South Korea-based waste management firms part of ESG Group. Specifically, KKR acquired 100% of ESG, a medical waste treatment firm, and 77.8% of ESG Cheongwon, an industrial waste management company, from Anchor Equity Partners. Read more… Read More
Southern Capital Group has acquired Malaysia-based sweetened creamer manufacturer F&B Nutrition from Malaysia-based food packaging manufacturer Can-One International for USD240m. Read more… Read More
Swiss Re and Tencent led a USD230m Series D for Beijing-based health care crowdfunding platform Waterdrop, with participation from existing investors IDG Capital and Wisdom Choice Global Fund. Read more… Read More
Navis Capital Partners has made a reportedly substantial follow-on investment in Malaysia-based scaffolding and construction equipment solutions provider Dscaff Group for a majority stake in the company. Navis originally invested an undisclosed amount in Dscaff in 2018. Read more… Read More
B Capital Group led a USD15m Series B for Mexico-based CRM platform Yalochat, with participation from existing investor Sierra Ventures. Read more… Read More
L Catterton has agreed to invest USD150m in Argentina-based online travel company Despegar.com via a private placement. The investment is expected to close in September 2020 and is subject to customary closing conditions. Read more… Read More
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