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
YFind Technologies, a Singapore-based wireless communications company, has raised SGD1.5 million (US$1.2 million) in a Series A funding round led by U.S.-based global venture capital firm Walden International and Singapore-based Innosight Ventures. YFind has developed a new WiFi-based technology platform that enables mobile devices to determine their precise location… Read More
Chinese private equity firm Hopu Investment Management has sold its 6 percent stake in China Mengniu Dairy to Danish dairy company Arla Foods for DKK1.7 billion (US$289 million). Hopu held its stake in Mengniu through a 30 percent stake in COFCO Dairy (which in turn held a 20 percent… Read More
The Carlyle Group has sold HK Carlyle Sinorgchem Industry Company, an investment holding company controlling a 40 percent stake in Jiangsu Sinorgchem, a China-based producer of rubber chemical additives, for an estimated RMB1.85 billion (US$290 million) to Chinese industrial conglomerate Sinochem International. The sale was part of Sinochem International’s… Read More
London-based asset management firm CVC Capital Partners has acquired RMB139 million (US$22 million) in convertible bonds and HKD295 million (US$38 million) in exchangeable bonds issued by Hong Kong-listed Chinese shoe manufacturer and retailer C.banner International Holdings. CVC also invested an unknown amount through secondary shares in a PIPE transaction. Read More
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
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