Exclusive: India-based Multiples Investment Advisors’ new fund gets IFC investment, to target $600m corpus

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The Mumbai-based private equity firm founded by Renuka Ramnath, is raising a fund with a targeted corpus of between $550 million and $600 million, its biggest ever.

Chinese entrepreneurs open to cede control of family business to PE firms

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Chinese entrepreneurs facing the twin challenges of succession and a slowing economy are becoming more willing to cede majority ownership to buyout firms. It’s a tectonic shift in a market where the likes of Carlyle Group LP and KKR & Co. have traditionally been forced to forgo controlling stakes.


TPG changes India investment approach, merges team of its two units for focussed play

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TPG merges India investment teams of its two arms to ensure better collaboration; Puneet Bhatia of TPG Capital India will head the combined teams.


Anbang on track to complete $6.5b purchase of US hotel asset from Blackstone

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Anbang Insurance Group Co, that backed out of a takeover bid for Starwood Hotels & Resorts Worldwide Inc., is on track to complete its $6.5 billion purchase of another U.S. hotel company from Blackstone Group.


McDonald’s targets PE firms Bain, TPG, China Resources for Asia stores sale

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McDonald’s Corp is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed conglomerate China Resources (Holdings) for its planned sale of 2,800 restaurants in North Asia,


Ardian to buy IK Investment Partners majority stake in Trigo Group

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Ardian is acquiring a majority stake in French quality inspection services firm Trigo Group.


China: Mofang Apartment raises $300m Series C from Warburg arm, AVIC

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The round was led by China-based financial conglomerate AVIC Trust, and saw participation from a subsidiary of Warburg Pincus, also an existing investor of Mofang.


India: Westbridge Capital makes open offer to raise stake in DFM Foods

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PE firm Westbridge Capital has made a voluntary open offer to hike its stake in DFM Foods Ltd to 51 per cent, the company said on Tuesday.


Gaw Capital hits $700m first close for $1.3b new real estate fund

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Gaw Capital Partners, the Hong Kong-based private equity real estate firm, has raised more than half of the targeted amount for its latest fund. It has hit first close at $700m for Gaw Capital Real Estate Fund V.


India: DSG Consumer Partners makes first close of second fund at $35m

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Deepak Shahdadpuri-led investment firm DSG Consumer Partners has made the first close of its second fund at $35 million, with 40 per cent participation from its existing investors. The early-stage investment fund, which exhausted its first fund of around $14 million in the end of December, started raising funds for… Read more »