Clearwater Capital Partners
Contrarians bullish on India investment opportunities
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.
Asia distress: Playing doctor
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
Clearlake backs Futuris to buck downturn
The A$200 million ($178 million) state bailout for Australia's auto industry comes after years of decline in manufacturing. Industry production numbers are the lowest since 1957. Toyota and General Motors (GM) have scaled back production amid export pressure...
Q&A: Clearwater Capital Partners' Rob Petty
Clearwater Capital Partners is currently investing is $575 million fourth fund. CEO Rob Petty identifies the opportunities in Asia – offshore, onshore in China and India, and a generous helping of restructuring
TPG increases stake in Indian bulk container manufacturer
TPG Capital has invested INR1.35 billion ($25 million) in Flexituff International through a subscription to foreign currency convertible bonds (FCCB), one month after buying a 5.34% stake in the company for INR270 million ($5 million)
Clearwater Capital increases stake in India's Kamat Hotels
Clearwater Capital Partners has acquired an additional 9% stake in Mumbai-based hospitality company Kamat Hotels in an open offer, bringing its total stake to 41.3%.
Beyond banks: Alternative financing in India
Recognizing India’s demand for financial products that involve more than just equity, traditional PE firms are targeting structured credit, joining distressed players that used to call the territory their own.
Clearwater gets $575m for fund IV
Profit warnings issued by Chinese companies in recent weeks suggest that the corporate sector is feeling the effects of slowing economic growth. Industrial profit was down 2.2% in the first half of 2012, compared to a 28.7% gain in the corresponding period...
Clearwater reaches final close of $575m on fourth fund
Clearwater Capital Partners has closed its latest Asia credit and special situations fund at $575 million. It is the first time the private equity firm has gone to the market since 2007, when it raised a greater-than-expected $900 million for Clearwater...
Shenzhen PE firm reaches first close on debut property fund
PTiFund, a Shenzhen-based private equity firm backed by Hong Kong-listed property developer Top Spring International Holdings, has announced a first close of RMB125 million ($19.6 million) on its debut fund. The full target is RMB500 million.
Investors eye openings in Asia special situations
Distressed opportunities are being flagged up as a key investment area in Asia as several economies in the region face slowing growth and tightening monetary conditions.
PAG shows appetite for distress
Interest in Asian distressed assets appears to be living up to the hype, with PAG last week reaching a final close of $900 million a regional special situations fund. Several investments have already been made and more are in the pipeline, a source familiar...
GVK seeks PE investors in Australia coal assets
GVK is in talks with several global financial institutions, including private equity firms, with a view to selling minority stakes in Australian mining assets it recently acquired from Hancock for $1.3 billion. The Indian infrastructure group needs to...
Clearwater raises $200m, targets $900m for Asia fund
Clearwater Capital Partners has so far raised $200 million for its fourth Asia ex-Japan fund, which will target special situations investments in public and private debt and equity. The company is aiming for a final close of around $900 million, a source...
PE targets deep distress
Specialist distressed asset firms are scouting to Asia for companies that have gone beyond bankruptcy – and therefore beyond where most investors would look
American LPs and Asia GPs: A meeting of minds
It goes without saying that LPs are interested in Asia. But where do they – and the GPs who put their capital to work – see the best returns?
PE sees exit multiples in India
India's private equity industry entered 2011 with high hopes that this would be a breakthrough year for exits and returns. Following a rash of sales over the past few months – culminating in Blackstone’s $630 million stake sale in Intelenet Global...
Deal making Down Under
The 8th Annual AVCJ Private Equity and Venture Forum in Sydney brought together optimists, skeptics, GPs, LPs and the industry that makes Austrasia a hotbed of private investment activity
VIDEO: Clearwater Capital’s Robert Petty
To critics who question the true existence of Asia's distressed asset category, Clearwater Capital's Managing Director Robert Petty suggests "looking at the reality of the statistics."
Clearwater to support the sale of Griffin Coal
Clearwater Capital Partners, as the largest creditor to Griffin Coal and a member of the Creditors Committees and Noteholder’s Working Group, has announced that it will support the sale of Griffin Coal Mining Company and Carpenter Mine Management to...
Clearwater Capital sells Oz's Griffin Coal to Lanco
Clearwater Capital Partners has sold Griffin Coal Mining Company and Carpenter Mine Management to Lanco Resources Australia, a division of Indian energy firm Lanco Infratech, for an estimated A$750 million ($743 million), according to local reports.
India private equity: taking up the challenge
Navigating promoters, public markets and PIPEs
Legalese in India
There is no question that India's macroeconomic indicators make it a compelling market.
Funding Asian infrastructure: The ancillary factors
With infrastructure funds still evolving in terms of their structure, and more and more shifting focus to Asia, participants in the sector are reporting a shift from the original dividend yield story as the focal point to much more of a capital appreciation...