The Carlyle Group has acquired 10 percent of Indian engineering and IT services firm Infotech Enterprises for INR2.1 billion (approximately US$38 million) through its South Asia-focused affiliate, First Carlyle Ventures Mauritius. Carlyle paid INR190 (approximately US$3.40) per share in the PIPE deal, the firm’s second of the… Read More
Standard Chartered Private Equity (SCPE) has partnered with South Korea’s national pension fund National Pension Services (NPS) to invest US$45.5 million for a 48 percent stake in Smoothies Korea, the Korean franchise of U.S.-based beverage chain Smoothie King. Standard Chartered will invest US$26.4 million for a 28 percent stake… Read More
Global private equity firm Warburg Pincus will invest US$200 million in Beijing-based China Auto Rental, a car rental service with 600 locations covering 66 cities and 52 airports across China. Warburg Pincus will partner with Legend Capital, which invested RMB1 billion (US$157 million) in China Auto Rental in August… Read More
India-based venture capital fund management company IvyCap Ventures Advisors has completed a first close of INR1.05 billion (approximately US$19 million) for its debut SME fund, IvyCap Ventures Trust Fund I. The fund, which aims to raise a total of INR2 billion (approximately US$36 million), will target the healthcare, energy,… Read More
India-based Rajasthan Venture Capital Fund (RVCF) has invested INR200 million (US$3.6 million) in International Oncology Services, a specialty cancer care provider with treatment centers in Noida and Mumbai. The investment was made through RVCF’s SME Tech Fund, which invests in IT, education, healthcare, agriculture and automobile companies across India. Read More
The Carlyle Group has acquired a 49 percent controlling stake in Mandarin Hotel Holdings Limited through its Asian buyout fund, Carlyle Asia Partners III. China-based Mandarin operates 25 designer hotels in six Chinese cities under the Crystal Orange Hotel and Orange Hotel brands. Financial terms of the transaction were… Read More
Hong Kong-based alternative asset manager Standard Chartered Private Equity Limited (SCPEL) has acquired a 13.5 percent stake in Indonesian mobile phone retailer Trikomsel Oke. SCPEL purchased 600.75 million shares from the firm’s existing institutional shareholders at a price of IDR830 per share, for a total transaction value of IDR499… Read More
Hong Kong-based private equity firm Baring Private Equity Asia has acquired 50.4 million shares, representing a 5 percent stake, of Magic Holdings for HKD146.3 million (US$18.8 million). Magic Holdings, based in Guangzhou, is a manufacturer of skincare products sold under the MG brand. Baring acquired 15 percent… Read More
Hong Kong-based private equity firm AIF Capital has invested US$40 million in Pacific Plas, a Singapore-based resin distribution and consumer packaging company with operations in Indonesia, China, Malaysia, Singapore and Australia. AIF Capital made the investment through an issue of redeemable convertible preference shares. AIF Capital plans to support… Read More
Kohlberg Kravis Roberts & Co. (KKR) has reportedly reached a first close of US$3 billion for its second pan-Asian private equity fund. The fund, which is targeting total commitments of US$6 billion, will focus on consumer goods, manufacturing, healthcare and infrastructure projects and includes a US$1 billion target allocation… Read More
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