Global alternative asset manager The Carlyle Group has agreed to sell its entire 24 percent stake in Yashili International Holdings, a Hong Kong-listed baby formula producer, for roughly HKD3 billion (approximately US$387 million) in a strategic sale to China Mengniu Dairy, a China-based milk producer. Yashili's controlling shareholder, Zhang… Read More
China-focused investment firm IDG Capital Partners has invested US$4 million in the Series A financing round of Chinese mobile app developer China WeiPass. WeiPass developed a smartphone app for payment verification that allows businesses and customers to earn and redeem coupons and confirm payments. IDG Capital Partners is a… Read More
Eredene Capital, an independent investment firm that specializes in Indian infrastructure, sold its 6.8 percent stake in Ocean Sparkle, an Indian port operations and marine services company, to Mauritius-based Infrastructure India Holdings Fund for GBP8.2 million (approximately US$12.8 million). The stake was held by Eredene subsidiary West Coast Port. Read More
BanyanTree Finance, a private equity firm that focuses on middle market companies in India, has invested INR500 million (approximately US$8.6 million) in Atria Brindavan Power, an India-based renewable power generation company. The investment was structured through BanyanTree Growth Capital II, which announced its first close in July 2012 with… Read More
Asia-focused investment firm PAG has agreed to invest up to US$150 million in Chinese shopping mall operator Zall Development Group. PAG Alliance Asia Opportunity Fund will purchase US$100 million in convertible bonds issued by Zall, with the option to purchase up to US$50 million in additional convertible bonds. If… Read More
L Capital Asia, the private equity fund sponsored by global luxury goods distributor LVMH Group, Groupe Arnault and YTL, has raised US$1 billion for its second Asia-dedicated fund. The regional fund will focus particularly on China, to which it plans to devote 45 to 50 percent of its corpus. Read More
Chinese e-commerce company LightInTheBox has held an initial public offering on the New York Stock Exchange, reportedly raising US$79 million. The listing marks the first initial public offering of a Chinese company on a U.S. stock exchange in 2013 to date. The company is backed by China-focused private equity… Read More
Oaktree Capital Management, a global alternative investment management firm, has invested approximately INR1.2 billion (approximately US$21 million) in India-based Cogent Glass, a pharmaceutical packaging company, acquiring a 60 percent stake in the company. Under the terms of the transaction, Oaktree’s portfolio company SGD, a French glass manufacturer for the… Read More
The private equity arm of Goldman Sachs has invested US$135 million in ReNew Power, an Indian wind energy firm. This transaction follows two prior investments made by Goldman Sachs in ReNew in 2011, collectively totaling US$250 million and giving the firm a majority stake. ReNew intends to use this… Read More
Indonesian private equity firm Saratoga Capital has listed an investment vehicle, Saratoga Investama Sedaya (SIS), on the Indonesia Stock Exchange, raising around US$151 million. The vehicle contains stakes in several of Saratoga Capital’s key holdings, including Adaro Energy and Tower Bersama Infrastructure. SIS sold 271 million new shares, representing… Read More
(default archive template)
