ICICI Venture Funds Management, the private equity unit India's ICICI Bank, and US PE firm Apollo Global Management are expected to reach a $750 million final close a joint fund set up to...
South Asia | 06 Mar 2014 |
The Anywhere Group (TAG), an Australian provider of temporary accommodation for the mining sector, has gone into administration owing Singapore-based PE firm Crest Capital Asia A$9.5 million ($8.4 million).
Australasia | 27 Feb 2014 |
The low-hanging fruit created by the post-global financial crisis troubles of highly-leveraged Australian companies has mostly been picked. Distress investors are looking in smaller and less obvious places
Distressed/Special Situations | 26 Feb 2014 |
KKR plans to capitalize on corporate indebtedness in India by investing in companies with distressed balance sheets that have difficulty raising capital through conventional channels, according to Henry Kravis, the private equity firm’s co-founder and...
South Asia | 21 Feb 2014 |
Indian banks will be allowed to support leveraged buyouts of distressed companies by “specialized entities” according to plans released by the State Bank of India. Under a liberalized regulatory regime for asset sales, sector-specific private equity...
South Asia | 04 Feb 2014 |
The Australian Shareholders Association (ASA) has called on Australian surf wear company Billabong International to delay a shareholder vote on a decision that could give PE creditors Oaktree Capital Management and Centerbridge Partners as much as 40.8%...
Australasia | 27 Jan 2014 |
Private equity players are upbeat on investment prospects in India, arguing that those looking to commit capital now will benefit when the country's weak economy eventually rebounds.
South Asia | 16 Jan 2014 |
KKR has reached a final close of $2 billion on its KKR Special Situations Fund (KSSF), double its original target of $1 billion. It will make distressed and event-driven investments in Europe, Asia and North America.
Distressed/Special Situations | 10 Jan 2014 |
Oaktree Capital Group has entered into a joint venture with China Cinda Asset Management Corp. that will see the two groups invest in distressed assets in China. Cinda was originally set up to absorb non-performing loans (NPLs) from China’s Big Four...
Distressed/Special Situations | 26 Nov 2013 |
Asia appears to be destined for a spate of corporate restructurings. Although they are studying a wealth of potential investments, distress specialists say the obvious targets are not always the most accessible
Distressed/Special Situations | 14 Nov 2013 |
China Investment Corporation (CIC) has agreed a debt-for-equity swap worth $1.3 billion with embattled Indonesian miner Bumi Resources.
Distressed/Special Situations | 11 Oct 2013 |
Yamaguchi Capital and the Regional Economy Vitalization Corporation of Japan have together set up a JPY3 billion ($30.7m) fund - Yamaguchi Business Restoration Fund - to provide capital to distressed small- and medium-sized businesses (SME).
North Asia | 03 Oct 2013 |
WL Ross has paid INR11 million ($177,000) in a settlement with the Securities and Exchange Board of India (SEBI), ending a long-running case over its investment in low-cost Indian airline SpiceJet.
South Asia | 27 Sep 2013 |
Allegro Funds is raising a A$200 million ($188 million) vehicle that will make turnaround investments in distressed Australian and New Zealand companies.
Fundraising | 23 Sep 2013 |
Specialist distressed debt and litigation investor Commercial Intelligence Funds Group (CI) is launching an Asia- and Africa-focused fund with a target of $150 million. A first close is planned for the end of 2013.
Fundraising | 30 Aug 2013 |
Updating your subscription status
Join us at the 11th Annual AVCJ Private Equity & Venture Australia and New Zealand Forum on 5-7 March at the Four Seasons Hotel in Sydney to find out how funds of varying size are raising capital, sourcing deals and exits, as well as all you need to know to effectively navigate Australasia's changing alternative asset landscape.
After a decade-long mining boom the economy is experiencing a loss of momentum and the resulting deal flow reduction and lack of value in the market means GPs are chasing many of the same acquisition targets. That said, the exit market is recovering with both IPOs and M&A activity picking up, and an increase in LPs appetite for the asset class, and the recent government change means that the industry is cautiously optimistic for the future and expecting a rise in activity over the next 12 months.
5-7 March 2014, Four Seasons Hotel, Sydney