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Industry News

TPG to Acquire Controlling Stake in Vietnam Australia International School, Mekong Capital and Maj I

Posted On: 7 Apr 2017  |  Source(s): VAS, Asian Venture Capital Journal | Author(s): Justin Niessner

Global private investment firm TPG has agreed to acquire a controlling stake in Vietnam-based private education group Vietnam Australia International School (VAS), providing an exit for Vietnam-focused private equity firm Mekong Capital and Denmark-based asset management firm Maj Invest. VAS currently operates seven campuses in Ho Chi Minh City and plans to further expand its operations in Ho Chi Minh City and Hanoi. Mekong originally invested in the company in 2010 through Mekong Enterprise Fund II and Maj Invest originally invested in 2012. Financial details of the transaction were not disclosed.

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Warburg Pincus Invests US$77 Million in Kalyan Jewellers (Asia)

Posted On: 3 Apr 2017  |  Source(s): VCCircle | Author(s): Debjyoti Roy

Global private equity firm Warburg Pincus has invested INR5 billion (approximately US$77 million) in India-based jewelry retailer Kalyan Jewellers. The company operates 106 outlets in South Asia and the Middle East and plans to use the funds to expand its geographic presence and develop an e-commerce segment. Warburg previously invested in Kalyan in 2014.

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Capital Group Private Markets Acquires Stake in Intas Pharmaceuticals from ChrysCapital (Asia)

Posted On: 3 Apr 2017  |  Source(s): Livemint | Author(s): Reghu Balakrishnan

Pan-emerging markets private equity fund manager Capital Group Private Markets has acquired a 3 percent stake in India-based Intas Pharmaceuticals from India-focused private equity firm ChrysCapital for a reported US$107 million. ChrysCapital, which will retain a 3 percent stake in the company, originally invested in Intas in 2006 through ChrysCapital III and subsequently in 2012 through ChrysCapital IV.

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KKR to Invest US$250 Million in Masan Group, PENM Partners to Exit (Asia)

Posted On: 2 Apr 2017  |  Source(s): KKR 

Global investment firm KKR has agreed to invest US$250 million in Vietnam-based Masan Group, a diversified industrial group with business lines in food and beverage, financial services and natural resources. The transaction includes US$100 million to purchase shares in Masan Group owned by Vietnam-focused private equity firm PENM Partners and US$150 million to acquire a 7.5 percent stake in Masan Nutri-Science, the branded meat platform of Masan Group. KKR will invest through KKR Asian Fund II. PENM Partners originally invested in Masan Group in 2008. The transaction is subject to customary corporate and regulatory approvals.

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Gaja Capital Partially Exits CL Educate in IPO for US$4.7 Million (Asia)

Posted On: 31 Mar 2017  |  Source(s): National Stock Exchange, VCCircle | Author(s): Ankit Doshi

India-focused private equity firm Gaja Capital Partners has partially exited India-based educational services and skills training company CL Educate via the company’s IPO on the Bombay Stock Exchange and National Stock Exchange, which raised INR2.4 billion (approximately US$37 million) at an offer price of INR502 (approximately US$7.73) per share. Gaja sold 605,000 of its 1.8 million shares in the company for a total of INR304 million (approximately US$4.7 million). CL Educate operates test preparation centers, schools and vocational training centers and provides various business training services. Gaja originally invested in CL Educate in 2007 through Gaja Capital Partners I.

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