KV Asia buys Singapore skin care brand

KV Asia Capital has agreed to acquire Singapore-based Derma-Rx International Aesthetics (DIAL) from Indian skin care company Marico Kaya Enterprises. The financial terms of the deal were not disclosed. DIAL is a subsidiary of Marico’s Kaya Skin Clinics and sells...

Profile: KV Asia’s Karam Butalia

Karam Butalia, executive chairman of KV Asia Capital, cut his teeth in private equity with Citicorp, set up Standard Chartered’s PE unit, and is now building his own Southeast Asia mid-market buyout shop When Karam Butalia started work at Standard Chartered Private...