IvyCap Ventures’ Debut Fund Makes First Close at US$19 Million (Asia)

India-based venture capital fund management company IvyCap Ventures Advisors has completed a first close of INR1.05 billion (approximately US$19 million) for its debut SME fund, IvyCap Ventures Trust Fund I. The fund, which aims to raise a total of INR2 billion (approximately US$36 million), will target the healthcare, energy,… Read More

RVCF Invests INR200 Million in International Oncology (Asia)

India-based Rajasthan Venture Capital Fund (RVCF) has invested INR200 million (US$3.6 million) in International Oncology Services, a specialty cancer care provider with treatment centers in Noida and Mumbai. The investment was made through RVCF’s SME Tech Fund, which invests in IT, education, healthcare, agriculture and automobile companies across India. Read More

The Carlyle Group Invests in Mandarin Hotel Holdings Limited (Asia)

The Carlyle Group has acquired a 49 percent controlling stake in Mandarin Hotel Holdings Limited through its Asian buyout fund, Carlyle Asia Partners III. China-based Mandarin operates 25 designer hotels in six Chinese cities under the Crystal Orange Hotel and Orange Hotel brands. Financial terms of the transaction were… Read More

AIF Capital Invests US$40 Million in Pacific Plas (Asia)

Hong Kong-based private equity firm AIF Capital has invested US$40 million in Pacific Plas, a Singapore-based resin distribution and consumer packaging company with operations in Indonesia, China, Malaysia, Singapore and Australia. AIF Capital made the investment through an issue of redeemable convertible preference shares. AIF Capital plans to support… Read More

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