Warburg Pincus to buy majority stake in India's Vistaar Finance
Warburg Pincus has agreed to acquire a majority stake in Vistaar Finance, an India-based non-banking financial company (NBFC) that serves micro, small, and medium-sized enterprises (MSMEs).
The size of the transaction was not disclosed. It will facilitate exits for WestBridge Capital, Elevar Equity, Omidyar Network India, and Saama Capital. Vistaar raised approximately USD 75m across four...
Co-Stone leads $43m round for China biosynthesis player
Co-Stone Capital Management has led a CNY 300m (USD 43m) Series B round for Readline, a Shenzhen-based company that specialises in synthetic biology.
Australia’s Heal Partners closes debut fund on $137m
Australia’s Heal Partners, a health, education, and lifestyle-focused venture capital firm, has closed its first fund on AUD 200m (USD 137m). The target was AUD 100m.
US regulator gets access to Chinese audits
The threat of delisting that has haunted Chinese companies that trade on US exchanges appears to have receded after the US regulators announced they had gained full access to the audits of these companies for the first time.