International Finance Corporation (IFC), the private sector development arm of the World Bank, has agreed to commit US$20 million to Nereus India Alternative Energy Fund, a private equity fund managed by India-based alternative asset manager Nereus Capital. The fund, which is targeting US$250 million in total commitments,… Read More
Emerging markets-focused private equity firm Actis has invested in Vesta, a Chinese manufacturer of commercial kitchen equipment. Vesta produces fryers, griddles, warmers, ovens, combination steamers and dishwashers for restaurants, hotels and canteens, and owns the Justa brand. Financial details of transaction were not reported. Read More
Kohlberg Kravis Roberts & Co. (KKR), in coordination with other shareholders, has agreed to sell Singapore’s Unisteel Technology International to Swiss manufacturer of diversified industrial components SFS Group. Unisteel manufactures precision components for data storage and consumer electronics. Financial details of the transaction were not disclosed. Unisteel… Read More
Venture capital firm Sequoia Capital has reportedly sold its stake in India’s Amalgamated Bean Coffee Trading Co. Ltd. (ABCTL) to V. G. Siddhartha, the company’s Founder and Chairman. ABCTL owns and operates Indian coffee shop chain Café Coffee Day (CCD). Sequoia Capital originally invested US$20 million in ABCTL in… Read More
Japanese venture capital firm JAFCO Asia has invested US$5 million in Singapore-based social messaging service Bubble Motion. Bubble Motion’s flagship service, Bubbly, allows mobile users to update social media and send SMS messages using their voices. Bubble Motion reportedly plans to use the capital to expand its operations into… Read More
The Blackstone Group has invested INR2 billion (approximately US$35 million) in India’s S. H. Kelkar & Co., which develops and manufactures fragrances for a variety of cosmetic products. The company previously received US$21 million in funding from U.S.-based private equity firm Wayzata Investment Partners in September 2010 through the… Read More
Chinese private equity firm Delta Capital has closed its first U.S. dollar-denominated fund with US$200 million in commitments. Delta plans to use the capital, raised largely from U.S. and European institutional investors, to invest in China’s healthcare and consumer sectors. Read More
Indian consumer e-commerce firm FlipKart.com has raised Series D funding from a consortium of investors including MIH, a subsidiary of South African media conglomerate Naspers, and U.S.-based investors Accel Partners, ICONIQ Capital and Tiger Global. Financial details of the transaction were not disclosed, but FlipKart was reportedly seeking US$150… Read More
Standard Chartered Private Equity, the Asia-focused private equity arm of Standard Chartered Bank, has announced an investment of INR2.5 billion (approximately US$45 million) in Inox India, an Indian manufacturer of cryogenic storage and transportation equipment, for a minority stake. Inox India has a manufacturing presence in India, the United… Read More
Chinese venture capital firm Softbank China Venture Capital Co. and U.S.-based venture capital firm BlueRun Ventures have reportedly invested US$10 million in Chinese flash sale platform Tianpin.com. Tianpin.com offers discounts and promotions on a range of items including clothing, footwear, fashion accessories, home products, gifts and timepieces. Read More
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