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
Frontier markets investment firm Leopard Capital has exited its stake in Kulara Water, a Cambodian bottled water producer, to the company’s founding shareholder. Leopard Capital originally invested US$4.1 million in Kulara from its US$34 million Leopard Cambodia Fund. Financial details of the exit, which is Leopard’s fourth in Cambodia,… Read More
Tata Capital, the private equity arm of India’s Tata Group, has closed its India-focused Tata Opportunities Fund with US$600 million in capital commitments. The fund, which is sector-agnostic, will pursue growth and buyout deals in India. Tata Capital received commitments from institutional investors in North America, Asia and the… Read More
China-based alternative asset fund manager CDH Investments has invested RMB30 million (approximately US$4.8 million) in Dapu.com, a Chinese online retailer of home textiles. Dapu, launched in August 2012, sells bed sheets, towels and other textile products. The investment marks Dapu’s first institutional round of funding. Read More
Motilal Oswal Private Equity, a subsidiary of Indian financial services company Motilal Oswal Financial Services, has held a third close on its India Business Excellence Fund-II (IBEF-II) with INR5.6 billion (approximately US$103.5 million) in capital commitments. The private equity fund plans to pursue investments in high growth companies and… Read More
(default archive template)
