India-focused investment firm ChrysCapital Partners has exited Ahmednagar Forgings (AFL), an India-based manufacturer of automotive components, for INR363 million (approximately US$6.06 million) through a series of bulk share sales on the open market. ChrysCapital originally invested INR295 million (approximately US$7.5 million) in AFL in 2008. Read More
Alternative asset manager IDFC Private Equity, India-focused private equity fund manager IL&FS Investment Managers Limited (IIML) and development finance institution Asian Development Bank (ADB) have sold a 50 percent stake in Central UP Gas (CUGL) to Indraprastha Gas, which supplies fuel in Delhi and surrounding neighborhoods, for about INR700… Read More
China-based growth private equity firm Envision Capital has held a final close on its second RMB-denominated fund. The fund raised RMB412 million (approximately US$66.5 million) in total capital commitments. Envision’s previous fund, the Envision High Growth Fund 2009, closed in October 2009 with RMB500 million (approximately US$73 million) in… Read More
Clearwater Capital, an investment firm focused on credit and special situations in Asia, and the Piramal Group’s non-banking financial company PHL Finance have jointly invested INR3 billion (approximately US$50 million) in VGN Developers, an India-based real estate developer. VGN used the financing, which was reportedly structured through non-convertible debentures,… Read More
China-based private equity firm Capital Today and China-focused investment firm IDG Capital Partners have invested a reported US$6.17 million in 3songshu.com, an online seller of snacks, including dried and processed tea, fruit products and nuts. IDG Capital Partners originally invested US$1.5 million in 3songshu.com in March 2012. Read More
SEAVI Advent Private Equity, the Asian affiliate of global private equity firm Advent International, held a US$125 million first close for its sixth fund. SEAVI partners committed US$10 million to the fund. The vehicle follows the US$178 million SEAVI Advent Equity V fund raised in 2008. Read More
responsAbility Investments, an asset manager specializing in emerging economies, has invested in Saraplast, an India-based manufacturer of sanitary facilities and a provider of liquid waste management. Saraplast has proposed a pay-and-use model for its sanitation services and is working to improve sanitation facilities in schools. Financial details of the… Read More
Lazada, an Indonesia-based online retail sales company focused on Southeast Asia, has secured US$100 million in funding from European investors, including from existing stakeholder Summit Partners, a growth equity and credit investor. Apart from Summit Partners, existing investors that are also participating in the investment round include J.P. Morgan;… Read More
ChrysCapital, an investment firm that focuses on growth sectors in India, has acquired a 4 to 4.5 percent stake in India-based Infotech Enterprises from venture capital firm Sequoia Capital India. Infotech Enterprises is an IT services firm that provides engineering solutions to organizations worldwide, and is listed on both… Read More
CITIC Capital, a China-based alternative investment management and advisory firm, has held a final close of US$683 million on its China Retail Properties Investment Fund, exceeding the original target of US$600 million. Since the first closing in late 2011, the fund has invested US$250 million into three projects located… Read More
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