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
Chinese private equity firm Hony Capital has purchased a 10 percent stake in Chinese property developer Chengtou Holding. Hony purchased 299 million shares in Chengtou, which is listed on the Shanghai Stock Exchange, for RMB1.8 billion (approximately US$290 million). In addition to property development, Chengtou also has an environmental… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has agreed to acquire a controlling stake in Indian tire manufacturer Alliance Tire Group (ATG) from global private equity firm Warburg Pincus. ATG specializes in the manufacture and development of off-road tires for the construction, forestry and agricultural industries, with… Read More
India-focused private equity firm Baring Private Equity Partners India (BPEP India) has invested US$18 million in Indian consumer products manufacturer Dabur India, its second investment in the company. In late 2012, BPEP India invested around US$45 million in the company, which is listed on both the Bombay Stock Exchange… Read More
Ratnakar Bank, an Indian commercial banking institution, has raised INR3.24 billion (approximately US$60 million) from a consortium of investors. International Finance Corporation, the private sector development arm of the World Bank Group, and investment firms Aditya Birla Private Equity, Faering Capital, ICICI Investment Management, IDFC Alternatives and Ascent Capital… Read More
Zephyr Peacock Management India has held a second close for its third India-focused private equity fund, Zephyr Peacock India Fund III, with US$70 million in capital commitments. The fund will focus on small- and medium-sized enterprises in India and has raised capital from International Finance Corporation (IFC), as well… Read More
Miaozhen Systems, a Chinese big data company serving the advertising industry, has received US$10 million in its Series C round of financing from a consortium of investors. Investors include Chinese private equity firm CBC Capital, global venture capital firms Redpoint Ventures and Kleiner Perkins Caufield Byers (KPCB), and WPP… Read More
Chinese online clothing retailer Moonbasa has received US$55 million in a fourth financing round from a group of alternative investment management and private equity firms including China Renaissance Capital Investment (CRCI), DT Capital Partners and GSR Ventures. CRCI and GSR Ventures have previously invested in Moonbasa… Read More
Asia-focused investment firm PAG has invested HK$975 million (approximately US$125.7 million) in China South City Holdings, a Chinese developer and operator of large scale integrated logistics and trade centers. PAG purchased convertible shares in the company, which is listed on the Hong Kong Stock Exchange, amounting to 10.32 percent… Read More
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