South Korea-focused private equity firm Hahn & Company has held a final close on its second South Korea buyout fund with US$1.2 billion in capital commitments, reaching the fund’s hard cap. The final close came in the first week of December. Hahn & Company also raised a separate US$700 million… Read More
China-focused private equity firm CITIC Private Equity and water treatment company Beijing Enterprises Water Group have agreed to acquire a majority stake in Hong Kong-listed cigarette package maker Jin Cai Holdings for approximately HKD3.75 billion (approximately US$484 million). The transaction will be structured through CITIC Private Equity Funds II and… Read More
Introduction1 There appears to be a recent trend in Indian PE circles with increasing number of PE players raising (or planning to raise) offshore funds which are able to invest in rupee denominated non-convertible debt in India (“NCDs”) along with equity. What is this reason for this? With Indian equity markets looking up, is this… Read More
India-focused private equity fund manager IL&FS Investment Managers (IIML) has reached a first close on Tara India Fund IV with US$40 million in capital commitments. IIML is reportedly targeting US$75 million for the sector-agnostic fund. Read More
Southeast Asia-focused private equity firm Navis Capital Partners has closed its seventh private equity vehicle with US$1.5 billion in capital commitments. The fund, which had originally targeted US$1.25 billion, reached a US$860 million first close in December 2013. The final close included the addition of a shariah-compliant parallel vehicle. The… Read More
Clearwater Capital, an investment firm focused on credit and special situations in Asia, has partially exited India-based Oricon Enterprises by selling 850,000 shares on 14 January and 4.5 million shares on 29 January through open market transactions on the Bombay Stock Exchange. Clearwater returned INR40.4 million (approximately US$650,000) and INR223… Read More
Vietnam-focused private equity firm Mekong Capital has partially exited Vietnam-listed mobile phone retailer Mobile World, selling 2.24 million shares, or a two percent stake, between 14 January and 26 January. Mekong originally invested in the company in May 2007 through Mekong Enterprise Fund II. Financial details of the transaction were… Read More
Hedge fund Valiant Capital Partners has led a US$26 million Series D financing round for India-based BrainBees Solutions, owner of baby-focused e-commerce site FirstCry.com. Venture capital fund managers IDG Ventures India and SAIF Partners and Vertex Venture Holdings, the early-stage investment arm of Temasek Holdings, also participated in the round. Read More
Washington, D.C., 28 January 2015 – EMPEA announced today the election of Robert Petty, Managing Partner and Co-Founder of Clearwater Capital Partners, as the next Chairman of the association. Mr. Petty was unanimously elected by the EMPEA Board to a two-year term commencing in January 2015. Joining the Board of Directors… Read More
Healthcare-focused private equity fund manager Quadria Capital has agreed to invest in Indonesia-based SOHO Global Health, a developer and manufacturer of natural medicine and over-the-counter products. Financial details of the transaction, which was structured through Quadria Capital Fund and is subject to corporate approvals and other customary closing conditions, were… Read More
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