Ilfryn Carstairs, co-CIO of Värde Partners, discusses distress and structured credit opportunities globally and in Asia
The China-CEE Fund, which is backed by China Exim Bank and invests in Central and Eastern Europe, has agreed to buy Hungarian fixed line telecom and broadband internet provider Invitel Group for an enterprise valuation of EUR202 million ($214 million).
Australia’s AMP Capital has reached a final close of $2.4 billion on its second global infrastructure fund, exceeding the target of $2 billion.
INSEADAlum Ventures (IAV), the Singapore-based VC arm of international business school operator INSEAD, has launched a seed fund dedicated to its alumni and faculty networks across Europe and Asia.
Singapore’s GIC Private has teamed up with China’s Tencent Holdings and NavInfo – a digital maps and location services provider backed by Tencent – to acquire a 10% stake in Here, a US-headquartered open location company.
Japanese glass, ceramic and chemicals maker AGC Asahi Glass has paid JPY60 billion ($510 million) for CMC Biologics, a Denmark-based biopharmaceutical manufacturer backed by several private equity firms.
Asia-based investors account for just under one quarter of commitments to Apax Partners’ latest global fund, which has closed at the hard cap of $9 billion after less than a year in the market.
Japanese employment services company Outsourcing has agreed to acquire German jobs portal operator Orizon, providing an exit for UK-based private equity firm Silverfleet Capital.
Europe-Asia cross-border focused PE firm Mandarin Capital Partners has hired Inna Gehrt and Andrea Tuccio for its German and Italian offices, respectively.
China’s CIC Capital and Australia’s Macquarie Infrastructure and Real Assets (MIRA) have joined a consortium agreeing to take control of the UK’s largest gas distribution business for GBP5.4 billion ($6.8 billion).
Europe-Asia cross-border focused PE firm Mandarin Capital Partners has committed EUR16.4 million ($17.7 million) for a majority stake in Italian pharmaceutical manufacturer Mipharm.
Innovation Network Corporation of Japan (INCJ) has committed up to $45 million as part of a joint acquisition of UK-based freeze-dried food manufacturer Chaucer Food.
China’s largest online travel site Ctrip.com has agreed to buy Skyscanner, an airfare comparison website backed by VC investors, in a deal valuing the UK-based company at approximately GBP1.4 billion ($1.74 billion).
As blockchain segments mature in Asia, private equity and venture capital investors will benefit from a range of new entry points. Pitfalls related to the technology’s obscure nature, however, will persist
CITIC Capital and several domestic investment funds have contributed $850 million to Tencent Holdings’ acquisition of a majority stake in Finland-based mobile game developer Supercell.
Chinese private equity firm CSC Group has invested in Founders Factory, a London-based accelerator and incubator, with a view to getting exposure to artificial intelligence (AI) technology start-ups.
CAC Capital Management, a China-based private equity firm, has agreed to buy the local power cables business of Denmark-headquartered industrial conglomerate NKT for an enterprise value of EUR14.3 million ($16 million).
Chinese investors are showing increased interest in international football clubs, hoping to profit off their growing domestic fanbases
A PE-backed Chinese consortium has agreed to scale back its ongoing acquisition of the web browser business of Norway’s Opera Software to a value of $575 million. It follows a renegotiation earlier this year that agreed a $600 million deal as an alternative...
Malaysian VC firm FirstFloor Capital has led a EUR13 million ($14.5 million) Series C round for Estonian energy storage system developer Skeleton Technologies to support its growth plans in Southeast Asia.
Haixia Capital, an investment firm controlled by China’s State Development & Investment Corporation, is part of a Chinese consortium that will buy leading Italian football club AC Milan.
IDG Capital partners has led a consortium to buy Ledvance, the lamps business of German lighting manufacturer Osram, for more than EUR400 million ($440 million).
Permira has achieved a first close for its sixth global buyout fund, with about EUR6.3 billion ($6.9 billion) in commitments.
China Growth Capital has led a $10 million Series B-plus round of funding for Austria-based media company Juzi Entertainment. It brings the Series B to $25 million overall.