Aavishkaar, an India-focused early-stage investor, has exited its investment in India-based Net Systems to the company’s promoters, generating a reported cash-on-cash return multiple of approximately 3x. Net Systems, which operates under the BarrierBreak brand, specializes in accessibility testing and conversion and assistive technology products for people with disabilities. Aavishkaar first… Read More
A group of investors led by global banking, securities and investment management group Goldman Sachs has invested KRW40 billion (approximately US$36 million) in a Series D funding round for South Korea-based Woowa Brothers, which owns and operates the digital food-ordering platform Baedal Minjok. The company will use the new funds… Read More
CITIC Capital Partners, the private equity arm of CITIC Capital Holdings, has acquired a controlling stake in China-based Study & Share Education Company, a provider of test preparation and vocational training for obtaining professional certificates in the construction industry. Study & Share operates more than 40 learning and student recruitment… Read More
Global investment banking and investment management group ThomasLloyd has contracted three new solar power stations in the Philippines. The transaction was structured through ThomasLloyd’s Cleantech Infrastructure Fund. The plants, due to reach completion in June 2015, will have a generating capacity of 41MW. Financial details of the transaction were not… Read More
Asia-focused multi-stage investment firm SAIF Partners has invested US$3 million in India-based online doctor appointment platform Qikwell Technologies’ Series A funding round, and participated in a US$37 million round for Elara Technologies, operator of India-focused real estate marketing platform PropTiger.com. Global media group News Corp invested US$30 million in Elara,… Read More
India-focused private equity firm Everstone Capital and United States-based equity fund Solmark have signed an agreement with India-based customer management service provider Servion Global Solutions to acquire a controlling stake in Servion for INR4 billion (approximately US$65 million). The transaction will be structured through Evertech, Everstone Group’s technology investment platform,… Read More
India-based conglomerate Future Group, through its consumer goods arm Future Consumer Enterprise, has acquired India-based supermarket chain Nilgiris for a reported INR3 billion (approximately US$49 million) from pan-emerging markets private equity firm Actis and company founders the Mudaliar family. Nilgiris operates across South India, with stores in Karnataka, Kerala, Andhra… Read More
A consortium led by Southeast Asia-focused private equity firm Navis Capital Partners has acquired Singapore-based MFS Technology, a provider of flexible printed circuit solutions to blue-chip customers, for US$95 million. The consortium also included mid-market private equity firm Novo Tellus Capital Partners, an unnamed Singapore-based technology-focused private equity fund and… Read More
China-based car rental company eHi Car Services has raised US$120 million through an initial public offering (IPO) on the New York Stock Exchange. The company sold ten million shares at US$12 apiece, the bottom end of the indicative range. eHi Car Services is backed by private equity and venture capital… Read More
Southeast Asia-focused private equity firm Credence Partners has acquired 100 percent of Singapore-based Fassler Gourmet, a company specializing in seasoning, smoking, slicing and packing salmon and ocean trout. The transaction was structured through Credence Fund II. Credence intends to work with the Fassler Gourmet management team to expand its customer… Read More
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