Morgan Stanley, China’s Profex buy majority interest in Korres

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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.

India: MedPlus promoter raises $115m debt to buy out PE investors

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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.


SoftBank – the Japanese backbone to India’s record funding year

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During 2017, SoftBank made its biggest bets on Flipkart, Paytm, Ola and OYO.


India: PE sector sees record $24.4b inflow in 2017

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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 sees food services sector return on private equity radar

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India’s food services industry will be worth Rs4.98 trillion by 2021, according to a report by the National Restaurant Association of India.


SoftBank completes takeover of US private equity firm Fortress

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The deal marks the first time a publicly traded U.S. private equity firm has delisted.


PE firm EMR Capital completes acquisition of 80% stake in Zambia copper mine

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It purchased Golden Grove, a copper zinc mine in Western Australia, last year.


India: KKR-backed Avendus Capital looks to enter US, Europe

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Avendus has raised close to $1.3 billion in India under its public equities alternative asset management business.


Central banks, US fiscal policy to have biggest impact next year: New Zealand Superannuation Fund

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In its latest report, the fund noted that global growth is broad-based and appears robust across US, European, Japanese and emerging market economies, with forecasters expecting the momentum to be sustained.


India: Bira eyes $30m funding from private equity firms

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TPG Growth, Blackstone and New York-based Veronis Suhler Stevenson (VSS) are among funds interested in the Delhi-based beer maker.