Pegasus Capital to Acquire Six Senses Resorts & Spas (Asia)

U.S.-based provide equity fund manager Pegasus Capital Advisors has agreed to acquire the Thailand-based luxury resort and spa business of Six Senses Resorts & Spas. The value of the investment is undisclosed. Under the terms of the transaction, Pegasus will acquire all of the Six Senses and Evason branded… Read More

GIC, Baring India Private Equity Investing US$100 Million in Marico

Singapore’s sovereign wealth fund, the Government of Singapore Investment Corporation (GIC) and Baring Private Equity Partners India are jointly investing approximately US$100 million in Bombay Stock Exchange-listed consumer products company Marico. VCCircle estimates that GIC is investing roughly US$75 million for a 3.4 percent stake in the company, while… Read More

CDH Investments Buys HKD250 Million in Bonds from Tse Sui Luen Jewellery (Asia)

China-based alternative asset fund manager CDH Investments has invested HKD250 million (approximately US$32 million) in Hong Kong-listed jewelry manufacturer and designer Tse Sui Luen Jewellery (International) via the purchase of convertible bonds. CDH has an option to purchase additional convertible bonds worth up to HKD200 million (approximately US$26 million). Read More

Sequoia Part-Exits Bona Film Stake to Company Founder (Asia)

Global venture capital firm Sequoia Capital has exited part of its stake in Bona Film, a Chinese film distributor, to the company founder for approximately US$16.5 million. The private equity firm agreed to sell 1.5 million ordinary shares to Founder, Chairman and CEO Dong Yu at US$11 apiece, a… Read More

Kunlun Energy Secures Anchor Investors (Asia)

Asia-based private equity fund manager RRJ Capital and Temasek, Singapore’s state investment agency, are investing approximately US$600 million to anchor Kunlun Energy’s US$1.35 billion public capital raising. Kunlun Energy, a Hong Kong-listed unit of PetroChina, is a Chinese oil and gas exploration, development and production company. The company plans… Read More

Navis to Take Adampak Private in US$110.7 Million Buyout (Asia)

South and Southeast Asia-focused private equity investor Navis Capital Partners has offered to purchase Adampak Limited, a Singapore-listed producer of labels, nameplates and die-cut parts, for approximately US$88 million. The bid is being made through investment holding company Safe Label Group and Navis has requested the right to seek… Read More

Advent International Invests in CARE Hospitals (Asia)

Global private equity firm Advent International has announced it will invest US$105 million of equity capital in India-based CARE Hospitals—a multi-specialty hospital chain—by acquiring shares from some of the company’s existing investors and injecting additional capital into the business. The capital will be used to help the business consolidate… Read More

VenturEast, Zephyr Invest US$6 Million in e2E Rail (Asia)

India-focused private equity firms Zephyr Peacock Management India and VenturEast, through its VenturEast Proactive Fund, have jointly invested in e2E Rail, an Indian rail services company, for approximately US$6 million. Both funds reportedly plan to invest an incremental US$6 million in the company over the next several years. The… Read More

EM PE Review – Volume VIII, Issue 1

Industry Data EMPEA Industry Statistics EM PE Performance Notable Exits & IPOs Viewpoint from EMPEA president and CEO Sarah Alexander Fundraising for emerging markets private equity grew by 64% last year, reaching a 3-year high of US$38.5 billion and accounting for… Read More



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