By Sneh Susmit
Ayana Renewable Power will develop hundreds of megawatts of generation capacity for underserved Indian states and neighbouring countries in South Asia
A private fund management registration will now allow it to sell onshore investment products to Chinese institutional and high net worth investors.
Vivid had earlier received $42.5 million from OrbiMed Asia in September 2017.
Yunfeng Capital is a private equity firm co-founded by Alibaba Group’s Jack Ma and 15 other investors.
Morgan Stanley, through its investment fund North Haven Private Equity Asia Maiden Holding B.V., has agreed to acquire 56% shares of Korres, while Profex, a pioneering dermatology and skincare company in China, will acquire 14%. NHPEA and Profex will subscribe for cash for a total of €48.3 million.
PE investors – US-based Mount Kellett Capital Management Lp, TVS Capital Funds Ltd and India Venture Advisors Pvt. Ltd – together held a 69% stake in MedPlus.
During 2017, SoftBank made its biggest bets on Flipkart, Paytm, Ola and OYO.
Overall deal volume fell by 22% to 570 deals in 2017 from 726 in 2016, even as the average deal size surged to $42.8m from $21.2m.
India’s food services industry will be worth Rs4.98 trillion by 2021, according to a report by the National Restaurant Association of India.
The deal marks the first time a publicly traded U.S. private equity firm has delisted.