Industry Newsroom

Industry News

  • IDG Invests US$4 Million in China WeiPass Series A Round (Asia)

    China-focused investment firm IDG Capital Partners has invested US$4 million in the Series A financing round of Chinese mobile app developer China WeiPass. WeiPass developed a smartphone app for payment verification that allows...Learn More

  • Eredene Capital Sells 6.8 Percent Stake in Ocean Sparkle (Asia)

    Eredene Capital, an independent investment firm that specializes in Indian infrastructure, sold its 6.8 percent stake in Ocean Sparkle, an Indian port operations and marine services company, to Mauritius-based Infrastructure India...Learn More

  • BanyanTree Growth Capital II Invests US$8.6 Million in Renewable Power Firm Atria (Asia)

    BanyanTree Finance, a private equity firm that focuses on middle market companies in India, has invested INR500 million (approximately US$8.6 million) in Atria Brindavan Power, an India-based renewable power generation company. The...Learn More

  • Tar Heel Backs Rockfin in First Investment from Fund II (CEE and CIS)

    Polish private equity firm Tar Heel Capital has acquired a 60 percent stake in Polish hydraulic oil systems manufacturer Rockfin. The investment, which marks the first from the EUR50 million Tar Heel Capital II fund, is intended to...Learn More

  • PAG Agrees to US$150 Million Investment in Chinese Property Developer (Asia)

    Asia-focused investment firm PAG has agreed to invest up to US$150 million in Chinese shopping mall operator Zall Development Group. PAG Alliance Asia Opportunity Fund will purchase US$100 million in convertible bonds issued by...Learn More

  • LVMH-backed L Capital Asia Raises US$1 Billion Fund (Asia)

    L Capital Asia, the private equity fund sponsored by global luxury goods distributor LVMH Group, Groupe Arnault and YTL, has raised US$1 billion for its second Asia-dedicated fund. The regional fund will focus particularly on China,...Learn More

  • Lamoda Gets US$130 Million from Investment Consortium (CEE and CIS)

    Global private equity firm Summit Partners, American industrial group Access Industries and German conglomerate Tengelmann Group have collectively invested US$130 million in Russian online shopping service Lamoda. The investment is...Learn More

  • China E-Commerce Firm Lists on NYSE (Asia)

    Chinese e-commerce company LightInTheBox has held an initial public offering on the New York Stock Exchange, reportedly raising US$79 million. The listing marks the first initial public offering of a Chinese company on a U.S. stock...Learn More

  • ACON Investments Exits Investment in InverCap (Latin America)

    ACON Investments, a private equity firm focused on the United States and Latin America, has exited its investment in Mexico’s InverCap Holdings, which manages independent Mexican pension fund manager Afore InverCap, in a...Learn More

  • Capital North Africa Venture Fund II Holds Its First Close (MENA)

    Moroccan private equity firm Capital Invest’s Capital North Africa Venture Fund II, a fund focused on providing equity and quasi-equity financing to local small- and medium-sized enterprises, has held a first close with over...Learn More