Vishnu Amble, Investment Director, & Head of Philanthropic Initiatives at GreenBear Group LLC GreenBear Group, the US-headquartered single-family investment office of a prominent South Asian semiconductor company, has been assessing secondary markets in Southeast Asia and India, identifying next-generation managers with significant potential in the latter. Start your deal-making journey now! Subscribe now to enjoy… Continue reading Family office GreenBear Group to remain committed to SE Asia, India“We have observed many investors exiting these markets, we are not following that p…
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Indian carrier SpiceJet restructures dues to Carlyle AviationSpiceJet said it will issue shares worth $30 million to Carlyle
India’s SpiceJet on Friday said it will convert about $97 million of its dues to the commercial aviation investment and servicing arm of Carlyle Group into equity and debentures. The restructuring plan comes as the budget airline has struggled to restore operations despite multiple fundraises over the last year. Late last month, the country’s aviation… Continue reading Indian carrier SpiceJet restructures dues to Carlyle AviationSpiceJet said it will issue shares worth $30 million to Carlyle
Carlyle affiliate to sell up to $1.2b stake in Hexaware Tech’s India IPOCarlyle acquired a controlling stake in Hexaware in 2021.
Carlyle Group affiliate, CA Magnum Holdings, plans to sell shares worth 99.5 billion rupees ($1.2 billion) in the upcoming IPO of Hexaware Technologies, according to draft papers filed on Friday. The US-based private equity giant acquired a controlling stake in the Indian company in 2021, a year after Hexaware was taken private by its former… Continue reading Carlyle affiliate to sell up to $1.2b stake in Hexaware Tech’s India IPOCarlyle acquired a controlling stake in Hexaware in 2021.
Actis buys stake in Manila Electric unit to back Terra Solar ProjectActis is acquiring a 40% stake in Solar Philippines New Energy for $600m, Reuters …
UK-based infrastructure private equity investor Actis has entered into a strategic partnership with Manila Electric Company (Meralco) and its subsidiary, Solar Philippines New Energy Corporation, to invest in the Terra Solar Project, aimed to provide electricity to around 2.4 million Philippine households. This transaction is touted to be the largest foreign direct investment for a… Continue reading Actis buys stake in Manila Electric unit to back Terra Solar ProjectActis is acquiring a 40% stake in Solar Philippines New Energy for $600m, Reuters …
Chinese commercial rocket firm iSpace bags almost $99m in Series C, C+ roundsThe rounds were co-led by local investment firm Xin Ding Capital.
Beijing Interstellar Glory Space Technology, also known as iSpace, has secured 700 million yuan ($98.8 million) in Series C and C+ rounds co-led by local investment firm Xin Ding Capital. Sichuan Industrial Revitalization & Development Investment Fund led the Series C+ round while the two rounds have attracted the participation of local investors including Jingming… Continue reading Chinese commercial rocket firm iSpace bags almost $99m in Series C, C+ roundsThe rounds were co-led by local investment firm Xin Ding Capital.
India’s Drip Capital raises $113m in debt-and-equity fundingThe $23m in equity came from Japan’s GMO Payment Gateway and SMBC.
India’s Drip Capital, a global cross-border trade finance platform, on Friday, said it has raised $113 million in equity-cum-debt funding. The $23 million in equity came from Japanese institutional investors GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), while International Finance Corporation (IFC) and East West Bank led the debt investment of $90 million.… Continue reading India’s Drip Capital raises $113m in debt-and-equity fundingThe $23m in equity came from Japan’s GMO Payment Gateway and SMBC.
Large shareholder sells stake worth $145m in India’s Max Financial ServicesThe holding compan has been trimming its ownership in MFSL since last year.
A large shareholder of India’s Max Financial Services Ltd (MFSL) offloaded a nearly 3.2% stake in the company for 12.18 billion rupees ($145.1 million), exchange data showed on Thursday. Max Ventures Investment Holdings sold 11 million shares of the listed company at 1,107.37 rupees per share, a nearly 2.3% discount to MFSL’s closing price on… Continue reading Large shareholder sells stake worth $145m in India’s Max Financial ServicesThe holding compan has been trimming its ownership in MFSL since last year.
CVC reports profit rise in H1 2024 in first earnings after Amsterdam listingCVC reported adjusted after-tax profit of $377m in Jan-June 2024, up 16% Y…
Private equity group CVC reported an increase in half-year profit on Thursday and said it expected margins to expand in the second half of 2024, in its first set of earnings since floating on the Amsterdam stock exchange in April. CVC reported adjusted after-tax profit of 340 million euros ($377 million) for the six months to June,… Continue reading CVC reports profit rise in H1 2024 in first earnings after Amsterdam listingCVC reported adjusted after-tax profit of $377m in Jan-June 2024, up 16% Y…
Blackstone seeks $3.7b loan to fund AirTrunk acquisition: reportBlackstone partnered with CPP Investments to buy the data centre business for A$24b.
A Blackstone-led consortium is taking out an around $A5.5 billion ($3.7 billion) loan package to help fund the A$24 billion AirTrunk buyout, two sources with direct knowledge of the matter said, as the US firm increases its Asian exposure. Blackstone said on Wednesday it had partnered with Canadian Pension Plan Investment Board (CPP Investments) to buy AirTrunk,… Continue reading Blackstone seeks $3.7b loan to fund AirTrunk acquisition: reportBlackstone partnered with CPP Investments to buy the data centre business for A$24b.
India’s Raymond Lifestyle falls after debuting with $2.2b valuationThe nearly 100-year-old Raymond had spun off its lifestyle business this year.
Indian apparel maker Raymond Lifestyle, carved out of Raymond, notched a $2.19 billion valuation in its stock market debut on Thursday, before shares fell by the maximum allowed 5% as investors booked profits. The nearly 100-year-old Raymond had spun off its lifestyle business this year to simplify its group structure, attract more investors and help… Continue reading India’s Raymond Lifestyle falls after debuting with $2.2b valuationThe nearly 100-year-old Raymond had spun off its lifestyle business this year.