Asia Mountaineering Holdings (AMH), a Netherlands-headquartered company owned by funds managed by Hong Kong-based private equity firm Unitas Capital will invest KRW190 billion (approximately US$162.4 million) to acquire a significant minority stake in NEPA, a Korean outdoor apparel and equipment manufacturer. AMH will make its investment through a subscription… Read More
Komli Media, a media technology company based in Mumbai, has raised US$39 million in a financing round led by U.S.-based venture and growth equity investor Norwest Venture Partners. Komli Media plans to use the new funds to invest in the company’s core media technology platforms and expand its presence… Read More
Fortis Healthcare, an integrated healthcare provider operating across the Asia Pacific region, has announced that International Finance Corporation (IFC) and Jacob Ballas India (JBC), an India-focused private equity advisor, will invest INR3.7 billion (approximately US$66 million) in Fortis subsidiary Super Religare Laboratories (SRL), an India-based… Read More
Lightspeed China Partners, the China-based division of global venture capital firm Lightspeed Venture Partners, has invested in the Series B financing round of Meilele, a Chinese online furniture retailer. Meilele raised approximately US$40 million, with Temasek subsidiary Vertex Venture Holdings, Chinese growth capital firm LionRock Capital and Korean asset… Read More
Samara Capital, a U.S.-based private equity firm focused on India, has acquired an 18 percent stake in Monte Carlo Fashions for INR1.75 billion (approximately US$32 million). Samara purchased 1.1 million shares from the company’s current ownership group and 2.9 million shares through a capital increase. Monte Carlo, a garment… Read More
Global Environment Fund (GEF), a U.S.-based private equity firm, has raised INR7 billion (US$124 million) for a fund targeting small and medium enterprises in India. The GEF South Asia Fund plans to make three to four minority investments in India a year, with tickets ranging from US$3… Read More
Mekong Capital has a 33.5 percent stake in Mobile World. Company Headquarters: Vietnam Business focus: Mobile devices and consumer electronics Revenue: US$225 million (FY 2011 sales) impact highlights Mekong Capital partnered with Mobile World in its early development phase and helped the company grow into the market share… Read More
Navis Capital Partners’ cash offer for Adampak, a Singapore-based manufacturer of precision components, has closed. Navis, which first announced the cash offer valuing Adampak at SGD110.7 million (approximately US$88 million) on 2 April 2012, now controls 98.4 percent of the company. The offer price of SGD0.42 per… Read More
Future Group, an India-based consumer conglomerate, has agreed to sell its stake in Indian financial services provider Future Capital Holdings (FCH) to Warburg Pincus. The U.S.-based global private equity firm will acquire Future Group’s stake at a price of INR162 (US$2.90) per share and will also invest… Read More
The Netherlands Development Finance Company (FMO) and SBI Holdings (SBIH), a Japanese financial services group, have agreed to form a new fund targeting financial sector investments in the emerging markets of Asia. The fund, to be managed by SBI Ven Capital, SBIH’s Singapore-based venture capital division, is targeting up… Read More
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