TVS Logistics Services, an Indian provider of logistics solutions across multiple verticals including automotive, distribution, electronics and discrete component manufacturing, has reached an agreement with an affiliate of Kohlberg Kravis Roberts & Co. and Goldman Sachs. The deal is valued at approximately US$53 million, of which KKR will invest… Read More
Global private equity firm General Atlantic has completed its third partial exit from Chinese automobile dealership group Zhongsheng Group, reducing the firm’s stake in the company to an approximate 5 percent. The value of the transaction is estimated at US$129 million. General Atlantic reportedly sold 65 million shares of… Read More
Asia-focused middle market private equity firm Olympus Capital Holdings Asia has acquired a 4.8 percent stake in India-based Karur Vysya Bank. The PIPE transaction is valued at approximately US$38.34 million. The stake was purchased through market transactions on the Bombay Stock Exchange and the National Stock Exchange of India. Read More
PAG Asia Capital Limited, a private equity firm focused on China and other regions across Asia, has become a cornerstone investor in the Shanghai-listed securities firm Haitong Securities’ upcoming initial public offering in Hong Kong. PAG is purchasing shares valued at US$300 million as part of a potential US$1.8… Read More
Zephyr Peacock India, part of global private equity and marketable securities firm Zephyr Management, has held a first close on Zephyr Peacock India Fund III with US$50 million in commitments. The fund, which is targeting US$150 million in total commitments, plans to invest between US$5 million and US$15 million… Read More
Washington, D.C. – Global limited partners (LPs) continue to expect their commitments to emerging markets private equity (EM PE) to increase, reflecting investor optimism about these markets’ ability to outperform developed markets, according to the latest EMPEA Global Limited Partners Survey. Three-quarters (75%) of LPs expect their commitments to emerging… Read More
BI Private Equity New Markets (PENM), a part of Danish asset management company BankInvest that offers equity capital to unlisted Vietnamese companies, has purchased an additional 3.5 million shares of Masan Group, a holding company with interests in a variety of sectors including consumer products, financial services and resources,… Read More
EMPEA’s 8th Annual Global Limited Partners Survey collected the views of 106 LPs from 28 countries around the world to better understand their changing attitudes toward private equity investing in emerging markets. This study provides EMPEA Members and the broader industry with a greater understanding of how LPs view the… Read More
Global investment firm Kohlberg Kravis Robert & Co. (KKR) has agreed to invest US$65 million in China Cord Blood Corporation (CCBC), a Chinese umbilical cord blood banking operator. The investment, which will be made through the KKR China Growth Fund, will be used in part to support the company’s… Read More
Aditya Birla Capital Advisors (ABCAP), the private equity arm of the Aditya Birla Financial Services Group, has invested approximately US$20 million in India’s Trimax IT Infrastructure and Services. The investment was made via the Aditya Birla Private Equity – Fund I. The company plans to use the proceeds to… Read More
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