Global private equity firm Warburg Pincus has reportedly invested in Chinese medical materials manufacturer Bone Medical Devices. Bone Medical Devices specializes in the research, development, production and sale of orthopedic implants. Financial details of the transaction were not disclosed. Read More
Standard Chartered Private Equity Limited (SCPE), the investment arm of Standard Chartered Bank, has invested INR850 million (approximately US$15.4 million) in Craftsman Automation, an Indian manufacturer of precision engineered industrial components, for a minority stake. The company plans to use the capital to finance the expansion of its various… Read More
Southeast Asia-focused private equity firm Clove Capital Partners has finalized the divestment of its first investment. Clove Capital’s 40 percent stake in Philippine oil company VenturOil Philippines, held through a subsidiary, Energy Best Limited, was acquired by Peak Oil and Gas (Singapore), a wholly-owned subsidiary of Australia-based energy and… Read More
Singapore-based private equity firm Armstrong Asset Management has announced the first close of the Armstrong South East Asia Clean Energy Fund with US$65 million in commitments. Investors in the fund include European development finance institutions GEEREF and DEG. The fund, which is targeting total commitments of US$150 million, plans… Read More
A private equity consortium consisting of Baring Private Equity Asia, Affinity Equity Partners, IMM Private Equity and the Government of Singapore Investment Corporation, Singapore’s sovereign wealth fund, has purchased a 24 percent stake in South Korea’s Kyobo Life Insurance from Daewoo International Corporation. The transaction is valued… Read More
Asian private equity fund-of-funds Asia Alternatives has announced the final close of over US$1.5 billion in commitments across several funds. The largest fund to close was Asia Alternatives Capital Partners III (AACP III), which closed at US$908 million, above its US$800 million target. The other fund vehicles closed with… Read More
Indonesia-focused private equity firm Capsquare Asia Partners has achieved a first close on its debut fund. The fund, targeting US$75 million in total commitments, has reportedly raised three-quarters of that amount. Capsquare is focusing on consumer-driven sectors such as consumer goods, retail, education and healthcare. The firm plans to… Read More
We were delighted with the warm reception the EMPEA Legal and Regulatory Guidelines received on their recent release. The EMPEA Guidelines are a pioneering reference for policymakers and regulators wishing to understand the elements of legal and tax regimes most critical to the development of private equity in developed and… Read More
The notification of the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) on May 21, 2012, marked a watershed moment for the Indian private capital industry. A story that began in the mid 1980’s by Indian financial institutions like ICICI and IFCI has now culminated into a 200–300 fund-strong… Read More
Asia-focused private equity firm SAIF Partners has invested INR400 million (approximately US$7.2 million) into TMA Hospitality Services, which manages fast food restaurant chain Ammi’s Biryani. SAIF Partners recently established a separate INR1 billion (approximately US$18 million) investment vehicle, Zooropa Foods, to finance and manage a chain of quick service… Read More
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