Search Results for:Pramugdha Mamgain

Australia’s Champ Private Equity closes fourth fund at $547m

Sydney-based CHAMP Private Equity has closed its fourth fund at $547 million (A$735 million), said a report in AVCJ. CHAMP IV, which is focused on Australia and New Zealand, was floated in 2015 with the target to raise about A$1 billion. The fund reached the first close of A$500 million early… Read more »

CPPIB’s Asia private equity portfolio rises 24% to touch $9.9b

Riding on five direct investments and five fund commitments

Prostar Capital, BlackRock acquire Seoul-based Kyungnam Energy

Private equity firm Prostar Capital together with BlackRock Infrastructure Solutions Group on Thursday announced the acquisition of Seoul-based Kyungnam Energy Co. Ltd.  Prostar, that invests in midstream energy infrastructure, acquired 95 per cent shares in Kyungnam Energy from the existing controlling stakeholders, said a press statement. The investment was made via a consortium comprising… Read more »

Lightspeed China Partners closes first RMB fund at $87m hard cap

Chinese venture capital firm Lightspeed China Partners (LCP) has closed its first RMB fund at $87 million (RMB600 million) hard cap, said a report in China Money Network. The fund attracted investments from Chinese fund-of-funds, government guidance funds, family offices, Chinese Internet companies, and high-net worth-individuals, the report said quoting an… Read more »

China Dealbook: CDB leads $42m round in Wacai; Ruigu Shop raises $14m

In startup funding updates from China, fintech firm Wacai has raised $42 million from China Development Bank Capital, while Ruigu Shop, an e-commerce platform focused on the Chinese electrical hardware sector, has raised RMB100 million led by Chengwei Capital. CDB leads $42m round in Wacai Chinese financial technology firm Wacai has raised… Read more »

India: Tata Technologies acquires Swedish engineering company Escenda

Tata Motors-led engineering services company Tata Technologies on Monday announced the acquisition of Escenda Engineering AB to significantly enhance its scale and service offering in Sweden and across Europe. The acquisition is an essential component in Tata Technologies’ European growth strategy and follows the recent $26 million investment in the… Read more »

China Dealbook: Tencent leads $34m round in Transwarp; Jin Jiang invests in Canaan

Chinese big data software developer and service provider Transwarp has raised $34 million in a series C round led by tech giant Tencent Holdings Ltd, while Jin Jiang International participated in a $43 million funding round of Canaan. Tencent leads $34m funding in Transwarp Chinese big data software developer and service… Read more »

India’s Jain Irrigation Systems acquires two US firms for $48.5m

Jain Irrigation Systems Ltd (JISL) on Wednesday announced that it has agreed to acquire 80 per cent stake in two entities in the US for about $48.5 million, marking a key strategic investment into one of the largest irrigation markets in the world. JISL will route the acquisition through its… Read more »

Japan’s Kobe Steel acquires Quintus from Milestone Partners for $115m

Japan’s Kobe Steel Ltd has acquired Swedish industrial equipment company Quintus Technologies AB from private shareholders led by U.S. private equity firm Milestone Partners for about $115million (about 13 billion yen). Post acquisition, Quintus has become a wholly owned subsidiary of Kobe Steel, the Japanese firm said in a press release. Headquartered… Read more »

India: StanChart PE offloads 1.41% in Fortis Healthcare for nearly $22m

Standard Chartered Private Equity has offloaded additional 1.41% stake in Fortis Healthcare Ltd for nearly $22 million (Rs139 crore) through an open market transaction, as per a PTI report published on Monday. The development comes at a time when another private equity firm TPG Capital is bidding for a controlling… Read more »