The private equity arm of global investment bank Goldman Sachs has sold the remainder of its stake, totaling 1.58 billion shares, in Industrial and Commercial Bank of China (ICBC) for US$1.1 billion. The divestment, which took place through a block share sale on the Hong Kong Stock Exchange, reportedly… Read More
Indian search engine Just Dial has held an initial public offering on India’s National Stock Exchange, Bombay Stock Exchange and MCX Exchange, raising around US$170 million. The offering, which was anchored by a US$38 million investment from Singaporean sovereign wealth fund Temasek and global asset manager Fidelity Investments, was… Read More
SEAVI Advent Private Equity, the Asia-focused affiliate of global private equity firm Advent International, has participated in a US$17 million investment round in Indonesian port depot management services company Multicon Indrajaya Terminal. Multicon operates container depots in seven Indonesian ports. The investment is intended to support the company’s growth… Read More
China-based alternative asset fund manager CDH Investments has sold 166 million shares in Chinese department store and supermarket operator Springland International Holdings. The shares, which were divested on the Hong Kong Stock Exchange, were priced at HKD3.75 (approximately US$0.48) per share, representing a total transaction value of HKD622.5 million… Read More
Asia-focused private equity firm Baring Private Equity Asia has invested INR14 billion (approximately US$256 million) in Lafarge India, the Indian arm of French cement maker Lafarge, acquiring a 14 percent stake. The investment is intended to fund the expansion of all three of Lafarge India’s product lines: cement, aggregates… Read More
Asia-focused private equity firm Navis Capital Partners has invested in Singapore-based electronic waste processor TES-Envirocorp for a majority stake. The investment is intended to aid TES-Envirocorp’s expansion regionally as well as to the United States and Europe, while expanding the company’s capabilities in remarketing and other electronic waste services. Read More
Singapore-based clean energy investor Armstrong Asset Management has invested in Symbior Solar Siam, a Thai solar energy-focused subsidiary of Hong Kong-based Symbior Energy. The investment, which was structured through the Armstrong South East Asia Clean Energy Fund, is intended to finance the development and operation of solar power projects… Read More
Global private investment firm TPG has sold its 10 percent stake in Indian commercial vehicle financier Shriram Transport Finance Company to Indian conglomerate Piramal Enterprises for INR16.52 billion (approximately US$305.5 million). Piramal bought the stake through a block deal on the Bombay Stock Exchange and the sale completes TPG’s… Read More
Global private investment firm TPG and Indonesia-focused private equity firm Northstar Pacific Partners have sold a 24.26 percent stake in Indonesian Bank Tabungan Pensiunan Nasional (BTPN) to Japanese Sumitomo Mitsui Banking Corporation. The two firms sold a total of 1.41 billion shares at IDR6,500 per share for a total… Read More
Investment firms Kohlberg Kravis Roberts & Co. (KKR) and CDH Investments have sold their stakes in Chinese dairy products company China Modern Dairy to China Mengniu Dairy for a total transaction value of US$410 million. KKR’s stake was sold through its Advanced Dairy Company holding company for approximately US$310… Read More
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