India: Phoenix Mills, GIC set up $733m retail and office venture

These assets, of around 3.4 million sq ft of leasable retail and office space, are currently among PML’s prime and well‐performing operational assets. Lee Kok Sun, chief investment officer of real estate, GIC, said, “We are pleased to partner with PML in this Joint Venture to acquire a stake in these best‐in‐class retail assets in… Continue reading India: Phoenix Mills, GIC set up $733m retail and office venture

Temasek’s SeaTown seeks global opportunities for $1b private capital fund …

Marina Bay Financial Centre, Singapore. Photo: Joshua Ang/unsplash Premium Temasek Holdings-backed investment firm SeaTown Holdings has set up a $1-billion private capital fund to invest in growth-stage opportunities globally, a senior executive told DealStreetAsia. The Singapore state investor is the sole LP in the fund. Go to Source

China-focused Unicorn Capital Partners raises $450m for latest fund

Unicorn Capital Partners, a Hong Kong-based venture capital fund-of-funds manager, announced that it has raised $450 million for its latest investment vehicle that will focus on VC fund and direct investment opportunities in technology and healthcare sectors in China. Unicorn Partners Fund IV, which closed on June 1, 2021, was oversubscribed. Its investor base includes… Continue reading China-focused Unicorn Capital Partners raises $450m for latest fund

Indian cosmetics retailer Nykaa looks to list at $4.5b valuation

Nykaa, founded by former investment banker Falguni Nayar, will keep unchanged the size of the public offering at between $500 million and $700 million, said two people directly aware of the internal discussions. Both declined to be named as the talks are private. They said the rise in Nykaa’s overall valuation is led by a… Continue reading Indian cosmetics retailer Nykaa looks to list at $4.5b valuation

China’s Trustar Capital acquires Japanese body care brand Sedona Enterprise …

Trustar Capital, a private equity affiliate of CITIC Capital Holdings, announced on Tuesday that it has picked up a 100% stake in Sedona Enterprise Co., Ltd, a spin off from the Japanese skincare and medical cosmetics major Dr.Ci: Labo Co., Ltd. The purchase was made through Trustar’s third Japanese buyout fund — a yen-denominated fund… Continue reading China’s Trustar Capital acquires Japanese body care brand Sedona Enterprise …

China Digest: DCM, Lightspeed back oral care brand BOP; Genskey bags $15m

Oral care brand BOP has closed a 160 million yuan ($25 million) Series B funding round led by DCM, while genetic testing and diagnostics startup Genskey has raised 100 million yuan ($15 million) in a Series C+ round. DCM, Lightspeed back oral care brand BOP Oral care brand BOP has pocketed 160 million yuan ($25… Continue reading China Digest: DCM, Lightspeed back oral care brand BOP; Genskey bags $15m

Consortium led by KKR, TIGA to buy office space solutions provider The Executive Centre

A consortium led by private equity giant KKR and Singapore-based investment firm TIGA Investments will acquire the flexible office solutions provider The Executive Centre (TEC), the acquiree said in a statement on Tuesday. As part of the transaction, the funds advised by HPEF Capital Partners and CVC Capital Partners will exit their investments in TEC.… Continue reading Consortium led by KKR, TIGA to buy office space solutions provider The Executive Centre

Indian early-stage investor WEH Ventures launches second fund

WEH Ventures, an early stage investor, on Monday said it is launching its second fund of Rs100 crore corpus to continue supporting startups focusing on India-first problems, the firm said in a press statement. The Fund II is a successor vehicle to WEH Ventures’ maiden early stage fund launched in 2017. From its first fund,… Continue reading Indian early-stage investor WEH Ventures launches second fund