GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Blackstone Investing US$35 Million in S. H. Kelkar & Co. (Asia)
The Blackstone Group has invested INR2 billion (approximately US$35 million) in India’s S. H. Kelkar & Co., which develops and manufactures fragrances for a variety of cosmetic products. The company previously received US$21 million in funding from U.S.-based private equity firm Wayzata Investment Partners in September 2010 through the Wayzata II Indian Ocean Fund. Read More
China’s Delta Capital Secures US$200 Million for First Dollar Fund (Asia)
Chinese private equity firm Delta Capital has closed its first U.S. dollar-denominated fund with US$200 million in commitments. Delta plans to use the capital, raised largely from U.S. and European institutional investors, to invest in China’s healthcare and consumer sectors. Read More
Flipkart Raises Series D Round of Funding from Naspers’ Arm MIH, ICONIQ Capital, Tiger Global and Accel Partners (Asia)
Indian consumer e-commerce firm FlipKart.com has raised Series D funding from a consortium of investors including MIH, a subsidiary of South African media conglomerate Naspers, and U.S.-based investors Accel Partners, ICONIQ Capital and Tiger Global. Financial details of the transaction were not disclosed, but FlipKart was reportedly seeking US$150 million for its Series D roun Read More
Linzor Capital Partners Exits from Grupo Cruz Blanca Salud (Latin America)
Latin America-focused private equity firm Linzor Capital Partners has exited its remaining 14.92 percent stake in Chilean healthcare group Grupo Cruz Blanca Salud through a share sale on the Santiago Stock Exchange. Linzor reportedly sold over 92 million shares for approximately CLP46.5 billion (approximately US$96.3 million). Linzor had previously sold approximately 6 percent of its stake in the company in… Read More
US$45 Million Investment in Inox India Limited (Asia)
Standard Chartered Private Equity, the Asia-focused private equity arm of Standard Chartered Bank, has announced an investment of INR2.5 billion (approximately US$45 million) in Inox India, an Indian manufacturer of cryogenic storage and transportation equipment, for a minority stake. Inox India has a manufacturing presence in India, the United States, China and Brazil and plans to use the funding for… Read More
SBCVC, BlueRun Ventures Invest in Newly Established B2C Site (Asia)
Chinese venture capital firm Softbank China Venture Capital Co. and U.S.-based venture capital firm BlueRun Ventures have reportedly invested US$10 million in Chinese flash sale platform Tianpin.com. Tianpin.com offers discounts and promotions on a range of items including clothing, footwear, fashion accessories, home products, gifts and timepieces. Read More
Penta Invests EUR3 Million into Slovak Hospitals (CEE and CIS)
Central Europe-focused private equity firm Penta Investments has announced the purchase of a 100 percent stake in Estate Consult, the owner of Slovak hospital chain Svět zdraví, for EUR3 million (approximately US$3.7 million). Svět zdraví operates ten hospitals throughout Slovakia and plans to use the funding to modernize the hospitals. Read More
Nexxus Capital Announces an Investment in Maak Holding (Latin America)
Mexican private equity fund manager Nexxus Capital has announced the purchase of a 38.85 percent stake in local natural stone retailer Maak Holding. The transaction was carried out through Nexxus Capital IV (Nexxus IV) and Nexxus Capital Private Equity Fund V (Nexxus V). Maak Holding owns and operates a group of companies that specialize in the commercialization of granite, marble… Read More
Warburg Pincus Exits Stake in Kasen International Holdings (Asia)
Global private equity firm Warburg Pincus has exited an approximate 11.67 percent stake in China’s Kasen International Holdings through a strategic sale on the Hong Kong Stock Exchange to Hongkong Greatstar International. Warburg Pincus sold over 135.5 million shares at HKD1.10 per share, resulting in HKD149.3 million (approximately US$17.5 million) in proceeds. Kasen manufactures upholstered furniture, furniture leather and automotive… Read More
Mekong Nears End of Debut Fund with Sale of Toymaker Nam Hoa (Asia)
Vietnam-focused private equity firm Mekong Capital has announced its exit from Nam Hoa Production & Trading Corporation, a Vietnamese manufacturer of wooden toys. Mekong Capital originally invested in Nam Hoa in June 2004, through its debut fund the Mekong Enterprise Fund. This is Mekong Capital’s eighth exit from the Mekong Enterprise Fund. Read More
Actis Invests in Sri Lanka’s Asiri Central Hospitals (Asia)
Emerging markets-focused private equity investor Actis has reportedly acquired a 10.8 percent stake in Sri Lanka’s Asiri Central Hospitals for LKR604 million (approximately US$4.5 million). Actis purchased 2.4 million shares in the company, which is listed on the Colombo Stock Exchange, from Softlogic Holdings, Commercial Bank of Ceylon and Pan Asia Banking Corporation. Separately, Actis invested US$40 million in AGS… Read More
India Equity Partners Acquires Majority Stake in Dental Chain Axiss (Asia)
India-focused private equity firm India Equity Partners (IEP) is reportedly acquiring a majority stake in Indian dental clinic chain Axiss Dental. Founded in 2007, Axiss Dental operates 17 dental clinics in India’s Delhi and National Capital Region. The investment size was not disclosed, but India Equity Partners typically targets investments in the US$20 million to US$50 million range. Read More