China-based oncology company BeiGene has raised a financing round of more than RMB450 million (approximately US$75 million) from a group of investors including CITIC Capital Partners, the private equity arm of CITIC Capital Holdings, and Asia-focused investment firm Hillhouse Capital. The round also included existing angel and strategic investors. BeiGene… Read More
Global investment firm KKR has agreed to provide Singapore-based Amtek Global Technologies (AGT), a subsidiary of India-listed automotive component manufacturer Amtek Auto, with EUR235 million (approximately US$293 million) in long-term financing, intended to replace its existing bridge loan and consolidate the company’s existing debt. This facility will also act as… Read More
Global growth markets investor The Abraaj Group has acquired a majority stake in Southeast Asia-based food and beverage chain Wine Connection Group. The company, which has more than 55 outlets in Singapore and Thailand, intends to expand its footprint in existing markets and replicate its business model in new territories,… Read More
Private equity investment manager Lombard Investments has invested in Vietnam-based shrimp seed producer Viet Uc Seafood. The transaction was structured through Lombard Asia IV. The company specializes in hatchery and nurturing shrimp through several larval stages before sale. Financial details of the transaction were not disclosed. Read More
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, has exited India-based Ashoka Buildcon, which constructs and operates roads and bridges on a build, operate and transfer basis. The firm started selling shares in Ashoka Buildcon in 2013 and recently completed its exit with a reported 2x… Read More
India-based hospital chain operator Vaatsalya Healthcare Solutions has raised a financing round from early-stage investor Aavishkaar and global microfinance private equity investor Bamboo Finance, both existing investors in the company. Aavishkaar’s investment was structured through Aavishkaar India II. Vaatsalya intends to use the funding to upgrade its existing hospitals, expand… Read More
Investment management company Dymon Asia Private Equity (DAPE) has acquired a majority stake in Singapore-based vending machine owner and operator Atlas Vending from Atlas’s founding Tan family. Atlas Vending manages more than 5,000 machines in Singapore and Malaysia. DAPE intends to increase the number of Atlas’s vending machines and deploy… Read More
Global private equity firm Warburg Pincus has acquired a 32 percent stake in India-based Laurus Labs, a developer and manufacturer of active pharmaceutical ingredients, for INR5.5 Billion (approximately US$90 million). The company had previously raised a financing round from Fidelity Growth Partners India (FGPI), the private equity arm of Fidelity… Read More
NYLIM Jacob Ballas India, a vehicle co-owned by New York Life Insurance Company and private equity advisory firm Jacob Ballas Capital India, has invested INR500 million (approximately US$8 million) in a pre-IPO financing round for India-based theme park operator Adlabs Entertainment. The company, which owns the Adlabs Imagica theme park,… Read More
Venture Capital firm Kleiner Perkins Caufield & Byers China (KPCB China) has led a US$30 million Series B financing round for China-based mobile advertising company Lomark. Venture capital firms DFJ DragonFund, ABC Capital and Shenzhen Fortune Venture Capital also participated in the round. Lomark had previously raised a Series A… Read More
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