This is Europe’s largest fund focused on the global Internet sector.
By Ishita Russell
In October last year, KKR had agreed to sell 21.6% stake in TVS Logistics.
NLC India Ltd (earlier known as Neyveli Lignite Corp. of India Ltd) is in talks with Hyderabad-based Ind-Barath Power Infra Ltd (IBPIL) to acquire the latter’s coal-fired power plant in Odisha, two people aware of the development said. The state-owned power producer is keen on acquiring Ind-Barath’s 700 megawatt (2×350… Read more »
China Petroleum and Chemical Corp (Sinopec) has mandated six banks to advise it on a restructuring of its fuels distribution unit ahead of a planned initial public offering in Hong Kong, IFR reported on Wednesday, citing people close to the deal. Sinopec tapped China International Capital Corp Ltd (CICC), China… Read more »
Pharmaceutical start-up Ascletis has raised $100 million in a funding round led by C-Bridge Capital, while GGV Capital and Shunwei Capital have together invested $58 million in Chushou TV, a mobile video live streaming platform specialised in games. C-Bridge leads $100m funding in Ascletis Pharmaceutical start-up Ascletis has raised $100 million… Read more »
Fresh from a $210 million deal to buy an Australian copper mine, Melbourne-based private equity group EMR Capital is on the hunt for further acquisitions, possibly in Australia or Asia, of high-demand commodities assets, its chief executive said. “A lot of people are chasing copper and our view is positive,… Read more »