Chinese investment firm CDH Investments has acquired an 8.54 percent stake in Man Wah, a Chinese furniture manufacturer, for HKD700 million (approximately US$90 million) via the purchase of convertible bonds. Man Wah was listed on the Hong Kong Stock Exchange in 2010 following its delisting from the Singapore Stock… Read More
Nitrous.IO, a Singapore-based software company, has received a US$1 million investment from a consortium of investors led by global venture capital firm Bessemer Venture Partners. Nitrous.IO, which changed its name from Action.IO following the financing round, builds cloud-based software development environments. The company plans to add additional features to… Read More
U.S.-based alternative asset management firm Tano Capital has invested INR800 million (approximately US$18 million) in Shree Shubham Logistics (SSLL), an Indian logistics company. SSLL, which currently manages 90 warehouses in three Indian states, provides storage and preservation services. Proceeds from the investment are intended to fund the company’s geographic… Read More
Global private equity firm Warburg Pincus has acquired a minority stake in AVTEC, an Indian manufacturer of engineering products and automotive components. As part of the investment, Warburg purchased the stake previously held by emerging markets investment firm Actis, which invested US$17.8 million in AVTEC in 2005. Financial details… Read More
The geographical breadth of coverage in this latest issue of the Legal and Regulatory Bulletin illustrates the ripple effects – sometimes substantial – which regulation can have on our asset class regardless of its origins. In particular, this issue examines the consideration set for investors new to emerging market private… Read More
There is no fundamental legal distinction between a private equity fund established to invest into emerging as opposed to developed markets. However, in practice, the legal terms customarily incorporated into the constitutive legal documents of emerging markets funds differ considerably from those included in developed market fund papers. Read More
Chinese institutional investors have been playing an increasingly important role in the global investment management industry. However, to date, only a handful of Chinese institutions are able to make allocations to overseas investment funds. Additionally, there is a sizeable amount of insurance funds in China. Recent CIRC regulations governing… Read More
On the 21 January 2013, the Securities and Exchange Board of India (“SEBI”) released the final SEBI (Investment Advisers) Regulations, 2013 (“IA Regulations”). Investment advisers were previously unregulated in India. With the enactment of the IA Regulations, SEBI has finally sought to plug this gap. Read More
The private equity arm of investment bank Goldman Sachs and Government of Singapore Investment Corporation (GIC) have invested US$100 million in iKang Guobin, a Chinese healthcare company. iKang, which operates healthcare treatment centers in China, plans to use the capital to accelerate the company’s expansion into third- and fourth-tier… Read More
CDIB Capital, the overseas private investment arm of Taiwan’s China Development Financial merchant bank, has invested US$19 million in Chinese furniture retailer Meilele by subscribing to a convertible bond issue. Meilele operates a consumer-to-consumer online retail service as well as 50 stores within China. Separately, CDIB Capital has invested… Read More
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