Singapore
BC Partners replaces Fitness First management team
BC Partners has axed the core management team of Fitness First in a bid to prevent its portfolio company sinking under the weight of its high-interest loans.
Swire enters the bidding for Baring-backed Courts Asia
Hong Kong conglomerate Swire is reportedly among the bidders for Baring Private Equity Asia-invested electronics and furniture retailer Courts Asia. The sale could be worth close to $400 million.
Nalanda Capital boosts stake in Indian pipe manufacturer
Nalanda Capital, the Singapore-based private equity firm set up by Pulak Prasad, former managing director at Warburg Pincus India, has increased its holding in Ratnamani Metals & Tubes. The company manufactures piping for use in a wide range of industries....
Cinemacraft receives funding from 500 Startups
Asian interactive media platform provider Cinemacraft has secured funding from US-based business incubator 500 Startups.
General Atlantic branches into Singapore
General Atlantic (GA) has opened an office in Singapore, adding to an Asian presence that already includes bases in Beijing, Mumbai and Hong Kong. Managing Director Abhay Havaldar will lead a team tasked with expanding the private equity firm’s reach...
Kelvin Chan leaves Partners Group's Asia PE team
Kelvin Chan has stepped down as a managing director with Partners Group’s Asia Pacific private equity team. The global private markets player, which makes primary, secondary and direct investments, has appointed Kelvin Yu in his place.
Navis-backed EKH bolts on Chinese depot operator
Eng Kong Holdings (EKH), the Singaporean container-services company owned by Navis Capital Partners, has acquired an 85% stake in Best China Development for S$14.3 million ($11.1 million).
Temasek launches $1.9b China fund
Singaporean sovereign wealth fund Temasek has launched Pavilion Capital, an investment vehicle that will channel up to S$2.5 billion ($1.9 billion) into deals in north Asia.
Gaming & Entertainment: PE places its bets?
Asia’s gaming culture – and casinos in particular - is a hotspot for growth. But with so much at stake, why aren’t more private equity investors placing their bets?
Baring-backed Courts Asia seeks expansion
Baring-backed electronics and furniture retailer Courts Asia is looking to invest S$70 million ($54.1 million) to launch new Southeast Asian retail outlets, coming at a time when its private equity backer is considering its exit options.
Temasek confirms increase in CCB holding
Temasek Holdings announced Monday that it has increased its holding in China Construction Bank (CCB) to 9.42% from 8.10%. The transaction, disclosed in a filing with the Hong Kong Stock Exchange, took place on November 11, around the time that Bank of...
Asian IPO best Formula One exit for CVC - Ecclestone
CVC Capital Partners-owned Formula One Group, which owns the motor sport’s commercial rights, would list in Hong Kong or Singapore if a decision was made to take it public, according to CEO Bernie Ecclestone.
Babson Capital hires Vik Thadani for Asia Pacific
Babson Capital has hired Vik Thadani to assist with the firm's Asia Pacific strategy as a managing director in its mezzanine and private equity group.
Ex-Och-Ziff exec sets up Clifton Real Estate
A former employee of Och-Ziff Capital Management Group has established a new Singapore-based firm which will invest in small and medium-sized properties.
Navis sells King's Safetywear to Honeywell International
Navis Capital Partners has exited its undisclosed majority stake in Southeast Asian industrial footwear brand King’s Safetywear to Honeywell International for an enterprise valuation of S$430 million ($338 million).
ICICI's Puri-Buch to launch Greater Pacific Singapore office
Former Managing Director and CEO of ICICI Securities Madhabi Puri-Buch will join UK-based Asian PE investor Greater Pacific Capital to set up its Singapore office.
GIC takes 20% of PE-owned aircrafter leaser Avolon
The Government of Singapore Investment Corporation (GIC) has paid $300 million for a 20% stake in Dublin-based aircraft-leasing group Avolon. The company is owned by private equity firms CVC Capital Partners, Civen and Oak Hill Capitall Partners.
BC Partners not ruling out an IPO for Fitness First
UK-based BC Partners still plans to list gym chain Fitness First in Asia if a buyer is not found, according to sources familiar with the situation. This comes one week after the private equity investor called off Fitness First’s planned IPO in Singapore...
KKR appoints former Singaporean minister as adviser
Former Singaporean politician and minister to the prime minister’s office Lim Hwee Hua has been appointed senior adviser to KKR.
Contour Energy gets Asia PE backing for battery development
California-based next-generation battery developer Contour Energy Systems has closed a more than $20 million Series C round of financing led Singapore-based EDBI. CMEA Capital, Harris & Harris, Schlumberger and US Venture Partners, along with new investor...
Fund formation: Singapore asserts its onshore qualities
Until two months ago, Han Ming Ho, a Singapore-based partner at Clifford Chance specializing in fund formation, had never heard of buyout firms using his home city as a conduit for investments into Australia. “It had never been mentioned before and then...
PE-backed Affle gets $10m from Japan's D2 Communications
Japanese mobile advertising company D2 Communications (D2C) has invested more than $10 million in Singapore-headquartered Asian mobile media firm Affle. It joins existing backers Microsoft, Itochu Corp., Bennett Coleman & Company and Centurion Private...
Baring group looks to exit Singapore-based Courts Asia
A unit backed by Baring Private Equity and a consortium of investors is looking to sell Singapore-based furniture and electronics franchise Courts Asia for more than S$500 million ($382 million).
BC Partners scraps listing plan for Fitness First, seeks buyers
European private equity investor BC Partners has canceled its planned GBP$1 billion ($1.6 billion) listing of global gym chain Fitness First on the Singapore Stock Exchange, and is now seeking buyers for the asset.