When KKR set up its first India-based non-banking financial company (NBFC) in 2009 to provide structured credit solutions to entrepreneurs, it was funded off the firm's own balance sheet....
Financing | 14 Jan 2015 |
Google Capital has provided a new round of funding for CommonFloor.com, an India-based property listings website.
Venture | 09 Jan 2015 |
KKR has launched its second Indian non-banking financial company (NBFC), teaming up with Singapore’s GIC Private to focus on providing structured credit solutions for real estate developers.
Real estate | 08 Jan 2015 |
Morrison & Co, an investment manager of New Zealand-listed infrastructure fund Infratil, has been looking into Australian retirement village space for a while. In early 2014, it approached RetireAustralia, the country’s fourth-largest player, as a potential...
Real estate | 07 Jan 2015 |
TPG Capital, PAG Asia Capital and their co-investor Ontario Teachers’ Pension Plan (OTPP) have followed up their acquisition of DTZ, the property services arm of Australia-listed UGL, with the purchase of US-based Cassidy Turley.
Buyouts | 06 Jan 2015 |
New Zealand Superannuation Fund (NZ Super) and infrastructure investor Infratil have bought retirement village operator RetireAustralia for A$640.2 million ($521 million) from J.P. Morgan Special Opportunities Group and Morgan Stanley Real Estate.
Buyouts | 02 Jan 2015 |
Apollo Global Management has agreed to buy half of Leighton Holdings’ maintenance services business, generating cash proceeds of around A$700 million ($573 million) for the Australian construction company.
Australasia | 19 Dec 2014 |
SoftBank Group is leading a $90 million round of funding for Locon Solutions, operator of property listing platform Housing.com. It will become the largest investor in the business.
Expansion | 17 Dec 2014 |
The Blackstone Group is backing an investment platform launched by City Developments (CDL) that will enable the Singapore real estate firm to raise S$1.5 billion ($1.1 billion) in return for exposure to cashflows generated by properties on the resort...
Real estate | 16 Dec 2014 |
National Australia Bank (NAB) is selling another GBP1.2 billion ($1.9 billion) parcel of distressed UK real estate loans to New York private equity firm Cerberus Capital Management.
Australasia | 16 Dec 2014 |
SC Capital Management has reached a final close of $850 million on its fourth Asia-focused property fund. The corpus represents a substantial increase on Fund III, which raised $530 million in 2011.
Fundraising | 12 Dec 2014 |
News Corp has paid $30 million for a 25% stake in the parent of PropTiger.com, an India-based online property marketing platform backed by SAIF Partners and Accel Partners.
Real estate | 25 Nov 2014 |
The Blackstone Group has invested $150 million in Australian retirement village developer National Lifestyle Villages (NLV).
Real estate | 25 Nov 2014 |
US-based PE investor Francisco Partners will fully exit Australia’s Aconex as the cloud-based project management platform for the construction industry raises A$140 million ($120 million) through an IPO.
Exits | 20 Nov 2014 |
Canada Pension Plan Investment Board (CPPIB) and Goodman Group have invested a further $500 million in their China logistics joint venture, taking the total equity commitment to $2 billion.
Industrials | 20 Nov 2014 |
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The outlook for the Australasian market is positive as a record number of IPO exits have provided strong returns for investors and has proven that PE can outperform listed equities and compete with global divestment figures. Fundraising in terms of dollar value has been high but the number of PE funds successfully raising new commitments has declined as investors flock to the best in class.
This is an intriguing time for Australasian PE as the industry continues to mature. GPs must evolve, diversify and display skills to drive value in a low-growth environment and justify future commitments when competing on a global state by achieving world-class results from current deals and exits.
4-6 March 2015, The Westin, Sydney
The AVCJ Indonesia Forum is back for a fourth year! Mark your calendars now and join us on March 24th, 2015 in Jakarta at Indonesia's longest running, largest and most prestigious industry gathering.
The market is relatively optimistic as a new government that is viewed favourable to a balanced investment arena is introduced and we see an increase in deal activity. The hopes for a flourishing PE market amid the euphoria of 2012 has not yet been realised but the potential is still present and now may well be the time for the country to take off in its own right and increase its reputation as THE hot market in Southeast Asia.
24 March 2015, Grand Hyatt, Jakarta