Joint Venture
CICC, Qianhai Financial Holdings launch $3.3b PE fund
China International Capital Corporation (CICC) has teamed up with Qianhai Financial Holdings, a wholly-owned unit of the Administrative Bureau of Qianhai, to launch a private equity fund, targeting RMB20 billion ($3.3 billion).
Fosun, Prudential to launch China real estate venture
Chinese financial conglomerate Fosun Group and Prudential Financial plan to launch a real estate joint venture aimed at investing in mixed-use development projects in urban centers in China.
PE-backed Alibaba, Haier to launch logistics JV
PE-backed Alibaba Group will invest a total of HK$2.8 billion ($360 million) in Haier Electronics Group, a Hong Kong-listed subsidiary of Chinese home appliance maker Haier Group, to expand its logistics and distribution network. Haier Electronics is...
APN agrees to exit advertising JV to Quadrant
APN News & Media has agreed to exit its interest in advertising business APN Outdoor to joint venture partner Quadrant Private Equity for A$69 million ($66.5 million).
Kroll in tie-up with India's BMR
Global advisory firm Kroll has formed an alliance with India's BMR Advisors to offer investigative and due diligence services in the country.
Canada's CPPIB targets India office market with $200m JV deal
Canada Pension Plan Investment Board (CPPIB) will commit $200 million to its first real estate venture in India. In partnership with the Shapoorji Pallonji Group, it will acquire income-producing office buildings in Indian cities. CPPIB has an 80% stake...
Espirito Santo, Dabur's Burmans plan to launch PE fund
The investment bank arm of Portuguese financial group Espirito Santo plans to a launch a private equity fund in partnership with the Burman family - the promoters of Indian healthcare and food company Dabur Group - to invest in medium and small-cap companies.
Oaktree, China Cinda form distressed assets JV
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...
Everstone in Burger King India tie-up
The Everstone Group has entered into a joint venture with Burger King Worldwide to bring the world’s second-largest fast food hamburger chain to India.
Vision Knight teams up with strategics to tap China online education
Vision Knight Capital - the private equity firm set up by former Alibaba CEO David Wei - has partnered with games developer NetDragon Websoft and a unit of electronics maker Hon Hai Precision Industry to launch a $33 million online education venture.
China Everbright, Catalyst Equity to launch Israel-focused fund
China Everbright, an investment arm of Chinese conglomerate China Everbright Group, and Catalyst Equity Management, an Israeli-based private equity firm, have teamed up to establish a PE fund that will invest in Israeli companies.
Affinity seals $123m dairy JV with Chinese SOE
Affinity Equity Partners has invested $123 million in a dairy farming joint venture with a Chinese state-owned enterprise (SOE). It represents the 12th and final commitment from the GP’s third pan-Asian fund and comes as Fund IV is said be nearing a...
Quadrant to buy APN's share of advertising JV for $67m
Quadrant Private Equity is set to buy joint venture partner APN News & Media's interest outdoor advertising venture APN Outdoor for A$69 million ($66.5 million).
South Korea's Troika Resources, Canada's Bellatrix form oil JV
Bellatrix Exploration, a small Canadian oil and gas explorer, has formed a C$240 million ($231 million) joint venture with the South Korea's Troika Resources Private Equity Fund (TRPEF) - which is managed by KDB Bank, SK Energy and Samchully Asset Management...
Oaktree agrees tanker deal with Singapore's Navig8
Oaktree Capital Management and Singaporean shipping management firm Navig8 have agreed to form a shipping joint venture, Navig8 Chemical Tankers.
Media investor Bruno Wu to raise $500m PE fund
Chinese media entrepreneur Bruno Wu plans to raise a $500 million media-focused private equity fund. The vehicle will invest in small to medium-sized internet, digital media and e-commerce companies.
New Zealand's Pan Pacific, Taiwan to set up $40m cross-border fund
Taiwan’s state-run Institute for Information Industry (III) and New Zealand-based Pan Pacific Capital have formed a $40 million venture capital fund, with a view to promoting cross-border deals and expanding bilateral cooperation.
Mahindra Lifespace, Standard Chartered form real estate JV
Mahindra Lifespace Developers (MLD), an Indian real estate and infrastructure developer, and SCM Real Estate (SCM), a Singapore-based investment arm of Standard Chartered bank, have formed a joint venture to develop residential projects in India. The...
Media entrepreneurs to create China alternative investment group
Chinese media entrepreneur Bruno Wu and Thomas Middelhoff, former CEO of German media group Bertelsmann and Arcandor, are to form a China-focused media and investment joint venture, pooling assets with revenues of $1-2 billion.
Zhejiang ZF invests in Canada's Empire Industries
Zhejiang ZF investment (ZZG) has invested in Empire Industries - a steel fabrication company in Canada - via a $3m private placement.
CPPIB, Goodman inject another $500m into China logistics venture
Canada Pension Plan Investment Board (CPPIB) and Australian property and logistics firm Goodman Group have increased the equity commitment to their China joint venture, putting in another $500 million. A contribution of the same size was made last August,...
TIAA-CREF merges property business with Henderson to boost Asia exposure
TIAA-CREF has merged its real estate business with that of London-based manager Henderson Global Investors in order to broaden its global portfolio and gain better Asia exposure in particular.
Mandarin Capital-backed Chinese credit rating JV to operate in Europe
Dagong Europe Credit Rating, a joint venture between Beijing-based Dagong Global Credit Rating and Mandarin Capital Partners, has won approval from the European Securities and Markets Authority (ESMA) to operate in Europe. It will become the first Chinese...
JBIC, Mizuho partner with Singapore government to promote SMEs
Mizuho Corporate Bank (MHCB) and Japan Bank for International Cooperation (JBIC) have signed an agreement with SPRING Singapore, an agency under the Ministry of Trade and Industry, to encourage collaboration between small businesses in Japan and Singapore.