Quikr, an Indian internet and mobile classifieds platform, has raised US$32 million in a financing round led by Warburg Pincus, a global private equity investor specializing in growth investments. Existing investors Matrix Partners India, Norwest Venture Partners and eBay also participated. Quikr will use the new capital… Read More
Drawing on input collected from over 100 Asian private equity funds that were actively fundraising during 2011, the Asia Pacific Private Equity 2011 Fund Terms Survey, conducted by Squadron Capital in association with EMPEA, provides a snapshot of current industry practice around management fees, preferential terms, distribution waterfalls, no-fault… Read More
Lightspeed China Partners (LCP), the China-based division of global venture capital firm Lightspeed Venture Partners, has made a Series A investment in Tujia.com, a China-based online vacation rental services provider. China-based CDH Investments and travel service providers Ctrip.com International and HomeAway also participated in the investment round. Tujia plans… Read More
Creador, a private equity manager focused on India and Southeast Asia, has invested MYR45.7 million (US$15 million) in OldTown White Coffee, a packaged instant coffee producer and restaurant chain manager based in Malaysia. OldTown has 202 restaurant outlets in Malaysia, Singapore and Indonesia, with plans to expand into China… Read More
Moolchand Healthcare, an Indian healthcare provider, has received INR1 billion (approximately US$18.5 million) from Sequoia Capital. Sequoia’s investment will be part of an INR5 billion (US$92.5 million) capital pool for the acquisition and development of new hospitals. Moolchand Healthcare is Sequoia’s fourth recent investment targeting the healthcare market in… Read More
ChrysCapital, an India-focused investment manager based in Mauritius, has announced the final close of its sixth fund on US$510 million. ChrysCapital VI, which received commitments from around 30 LPs including Harvard Management Company and Stanford Management Company, will target growth capital investments in India with ticket sizes from US$20… Read More
SunSun Lighting, a China-based LED lighting manufacturer, has raised US$30 million in a Series B round led by Oak Investment Partners, a U.S.-based multi-stage venture capital firm, and GSR Ventures of China, which was the sole investor in SunSun’s US$10 million Series A round. SunSun Lighting plans to use… Read More
Karaikal Port Private Limited, a subsidiary of Chennai-headquartered infrastructure company MARG Limited, has announced that Jacob Ballas Capital India has invested INR2 billion (approximately US$39 million) for a minority stake in the company. The investment, which came from the NYLIM Jacob Ballas India III fund, will be used for… Read More
Zug, Switzerland-based asset manager Partners Group has directly acquired Hong Kong-based business TrimCo, a provider of labels, tags and trimming products to apparel companies worldwide. Partners bought the stake from Southeast Asia-focused private equity firm Navis Capital. Navis bought a 70 percent stake in TrimCo in 2005 for US$11.1… Read More
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