Chinese alternative investment firms CITIC Capital Partners and CDH Investments have sold their stakes in Nanjing Aotecar, a Chinese automotive components manufacturer, to private investment firm Tianyou Investment. CITIC and CDH originally invested in Aotecar, a former state-owned enterprise, in 2007. While financial details of the transaction were not… Read More
Shareholders of Chinese digital media company Focus Media Holding have voted in favor of the company’s plan to delist from the NASDAQ stock exchange. Several private investment firms are involved in the transaction, including The Carlyle Group, FountainVest Partners, CITIC Capital Partners, China Everbright and Fosun International. The deal,… Read More
Pan-emerging markets investment firm The Abraaj Group has sold its stake in Unitrio Technology Limited (UTL), a Thai designer and builder of data center facilities, to Japanese engineering firm NTT Facilities, a member of the Japanese Nippon Telegraph and Telephone Corporation. Abraaj originally invested in UTL through its South… Read More
China-focused growth capital investor China New Enterprise Investment (CNEI) has sold its stake in Jilin Liyuan Aluminum , a Chinese manufacturer of aluminum extrusion products, for a total value US$77.2 million on the Shenzhen SME Board. CNEI originally invested US$7.5 million in Liyuan for a 16 percent stake in… Read More
IDFC Alternatives, the alternative asset management unit of India’s IDFC, and emerging markets private equity firm Capital International have exited their holdings in Manipal Education and Medical Group International (MEMG), an Indian operator of educational institutions and hospitals. MEMG raised US$260 million in debt financing to buy back 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
SMC Capital China, the China-focused growth capital platform of the Simon Murray Group, has invested RMB30 million (approximately US$5 million) in Dalian Senyint International Digital Medical System, a Chinese IT solutions provider for hospitals. The Series A investment is intended to further develop the company’s hospital IT solutions products. Read More
Creador Capital, a private equity firm focused on India, Malaysia and Indonesia, has partially exited its investment in Malaysian restaurant chain OldTown White Coffee, selling 45 percent of its equity holding to a group of mutual funds for around US$15 million. Creador originally invested MYR45.7 million (approximately US$15 million)… Read More
SME-focused investment firm Small Enterprise Assistance Funds (SEAF) and Canada-based private equity investor Sarona Asset Management have jointly invested US$2.75 million in Khyati Foods, an Indian organic cotton and soybean processor, for a minority stake. The investment is intended to help Khyati expand its processing facilities and further develop… Read More
Australia-based private equity firm CHAMP Private Equity and Asia-focused private equity firm Headland Capital Partners have jointly invested in Miclyn Express Offshore, a Singapore-headquartered provider of service vessels for offshore oil and gas production. The two firms, which invested in Miclyn in October 2012, each acquired an additional 8… Read More
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