Morgan Stanley
CIC gets a further $50b from Beijing
China Investment Corp. (CIC) has secured an additional $50 billion in capital from the government, having already received a $30 billion late last year.
John Mack joins KKR's senior advisory team
John Mack, former chairman and chief executive officer of Morgan Stanley, has joined KKR as a senior adviser. Mack is known for his strong ties to China, having advised the likes of China Investment Corp. (CIC) and the Beijing and Shanghai governments.
Everstone hires Accel’s Prateek Dhawan
Everstone Capital has reportedly hired Prateek Dhawan direct from Accel Partners as a senior member of its investment team.
CIC loses real estate head after just two months
Patrick Wu, head of real estate at China Investment Corp. (CIC), resigned last week after just two months in the job. It follows others changes at senior management level in the sovereign wealth fund's real estate division.
Foreign RMB funds suffer from LP access troubles
With state-backed firms hesitant to commit and wealthy individuals unreliable, overseas private equity firms face a long slog to raise their renminbi funds
Morgan Stanley to invest $125m in Indian real estate project - sources
Morgan Stanley’s global real estate fund is reportedly in negotiations with Mumbai’s Sheth Developers to invest $100 million to $125 million in a local residential project.
Arctic-backed Living & Leisure receives $244m takeover bid
Living & Leisure Australia Group (LLA), the tourist attractions operator part-owned by Arctic Capital, has received a A$244 million ($244 million) takeover bid from private equity-backed Merlin Entertainments.
KKR ups stake in Far East Horizon
KKR has upped its stake in Far East Horizon, a division of Chinese trading conglomerate Sinochem Group.
Morgan Stanley names Godbole head of India real estate
Morgan Stanley has appointed investment banking veteran Shirish Godbole as its head of Morgan Stanley Real Estate Investing (MSREI) India, replacing Naresh Naik who left the firm earlier this month to spin off his own investment fund.
KKR, TPG in talks for Nomura’s real estate arm
KKR and TPG are among the PE firms said to be engaged in preliminary talks with Japan’s Nomura over a possible buyout of the investment bank’s real estate arm.
Blackstone, Bain in bid for India's Future Capital Holdings
The Blackstone Group and Bain Capital have been identified as potential acquirers of a stake in India's Future Capital Holdings (FCH), the financial services unit of the Future Group.
Morgan Stanley's India real estate head to spin out own funds
The head of Morgan Stanley Real Estate Investing in India, Naresh Naik, is spinning out of the investment bank to launch independent real estate funds in the country.
GIC, Morgan Stanley consider Mumbai real estate asset
Morgan Stanley and the Government of Singapore Investment Corp. (GIC) are among the suitors to purchase real estate in central Mumbai from domestic textile firm Alok Industries for $200 million, Reuters reported.
Blackstone raises half its $781m RMB-denominated fund
Blackstone Group has reached the halfway point in fundraising for its RMB5 billion ($781.3 million) debut renminbi-denominated fund, said Michael Sotirhos, senior managing director at the buyout firm.
CIC in talks over potential investment in Northern Rock
China Investment Corp. (CIC) is being courted by British entrepreneur Sir Richard Branson as a potential partner for Virgin Money in a bid for UK lender Northern Rock. The bank, which received a GBP1.4 billion government bailout in 2008, is tipped to...
PE partnerships – A route into Indonesia
The recently announced TPG-North Star Pacific share swap got me thinking about collaboration between private equity firms. Global PE players have been using local funds to gain access to new markets for some time now, and quite a few have committed capital...
Japanese property plays
There are plenty of obstacles for foreigners targeting distressed Japanese real estate, but deal flow is slowly emerging
India’s lower-tier urban opportunities
Private equity and venture capital investors are beginning to look for openings in tier two and tier three cities in India
Sun Art raises $1.1b in Hong Kong IPO
Sun Art Retail Group, China’s largest supermarket operator, raised $1.1 billion through its Hong Kong IPO after pricing shares at the top of the indicative range.
PE firms participate in ING Vysya Bank share placement
A group of six funds, led by private equity players ChrysCapital, Morgan Stanley and India Advantage Fund, have bought a more than 5% stake in ING Vysya Bank for about INR300 crore ($70 million). The stake was purchased through the bank’s recent INR513...
Indian micro-lender gets $14.4m in third-round funding
Bangalore-based micro-lending company Janalakshmi Financial Services has secured INR650 million ($14.4 million) in third-round funding, taking the total raised from private equity to just over INR1 billion ($22 million).
Harbin Electric denies concerns over PE-backed management buyout
Harbin Electric, a Chinese electric motors manufacturer that is subject to a $750 million management buyout backed by Abax Global Capital, has challenged fraud claims made by a short-seller that has seen the company’s stock tumble.
Morgan Stanley's China JV brokerage opens for business
Morgan Stanley's brokerage joint venture in China with Huaxin Securities has begun operations, having received a business license on May 30.
China’s LP problem
A shortage of qualified investment partners is hindering foreign PE firms’ efforts to raise renminbi funds