Global private investment firm TPG has acquired a 25 percent stake in India-based healthcare service provider Manipal Health Enterprises for US$150 million. The deal was approved by the Competition Commission of India on 15 January. Manipal has been scaling its business through a mix of organic expansion and acquisitions in… Read More
China-focused private equity firm CITIC Private Equity Funds Management has backed China-based Ele.me in a US$350 million Series E financing round, with participation from venture capital firm Sequoia Capital China, media and technology group Tencent Holdings, e-commerce company JD.com and restaurant review site Dianping.com. Ele.me operates an online food ordering… Read More
Global investment bank Goldman Sachs and India-focused investor Zodius Capital have led a financing round of up to US$56 million for Singapore-based data solutions provider Antuit Holdings. The funding will support the company’s global expansion through organic growth and acquisitions. Read More
Private equity firm Bain Capital has completed its exit from China-based electrical appliance retailer Gome Electrical Appliances Holding, selling its remaining shares for about HKD1 billion (approximately US$137 million). Bain Capital originally invested in the company in June 2009. Read More
L Capital Asia, the Asian private equity business sponsored by global luxury goods distributor LVMH Group, has reportedly invested more than US$100 million in China-based Sasseur Cayman Holding, the operator of four outlet malls. The transaction was structured through L Capital Asia 2. Private equity firm Warburg Pincus also participated… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has exited its investment in China-based Shayne International Holdings, a manufacturer and exporter of high-end upholstered furniture and leather apparel. Darby originally invested in the company in 2006 through Darby Asia Mezzanine Fund II. Financial details of the transaction… Read More
ChrysCapital, an investment firm that focuses on growth sectors in India, has partially exited India-listed IT company Cyient, formerly known as Infotech Enterprises. ChrysCapital returned around INR800 million (approximately US$13 million) through open market transactions, resulting in a reported 3x return on its original May 2013 investment. Read More
Southeast Asia-focused growth investor Sovereign’s Capital has led a US$2 million Series A financing round for Indonesia-based gift card retailer Gift Card Indonesia (GCI). Other investors in the round included venture firms Lippo Digital Ventures, Sinar Mas Digital Ventures and RMK Ventures. GCI intends to use the capital to enter… Read More
Global growth private equity firm TA Associates has invested a reported US$50 million in India-based software company RateGain. RateGain provides revenue management and distribution channel management software and real-time pricing data and analytics to help businesses streamline operations and sales, primarily serving the hotel industry. With the new capital, the… Read More
Japan-based telecommunications company SoftBank Group has led a US$600 million Series D financing round for China-based Travice, the operator and developer of mobile taxi booking app Kuaidi Dache, with participation from existing shareholders investment firm Tiger Global and e-commerce company Alibaba Group. The company intends to use the capital to… Read More
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