CDC Group, the UK development finance institution (DFI), has committed $25 million to Indian railway freight handler Pristine Logistics.
Infrastructure | 30 Jan 2015 |
Eduardo Saverin, co-founder of Facebook and Singapore resident, has led a S$2 million round of seed funding for 99.co, a local property listings site. Sequoia Capital also participated alongside several entrepreneurs-turned-investors.
Real estate | 30 Jan 2015 |
Special situations investor Clearwater Capital Partners has made a partial exit from Mumbai-listed diversified company Oricon Enterprises, selling a 2.9% stake via an open market trade.
South Asia | 30 Jan 2015 |
Thailand-focused GP Lakeshore Capital Partners has invested $4.5 million in KT Restaurant, the Bangkok-based operator of mid-market steakhouse chain Santa Fe.
Southeast Asia | 30 Jan 2015 |
Alvarez & Marsal (A&M) is expanding its Asia operations with the addition of a pre-investment due diligence unit to complement existing performance improvement, turnaround management and business advisory services.
Advisory | 29 Jan 2015 |
Japanese GP Integral Corp. has agreed to refinance ailing domestic airline Skymark which filed for bankruptcy protection this week.
North Asia | 29 Jan 2015 |
L Capital Asia - a PE firm sponsored by luxury goods conglomerate LVMH - has secured its first Middle East investment with the acquisition of a minority stake in Bateel, a luxury confectioner based in Saudi Arabia.
MENA | 29 Jan 2015 |
Two PE funds managed by China International Capital Corporation (CICC) will exit Jiangyin Tianjiang Pharmaceutical as China Traditional Chinese Medicine (China TCM) buys a majority stake in the business for up to RMB8.34 billion ($1.34 billion).
Exits | 29 Jan 2015 |
Hillhouse Capital has led a Series B round of funding worth $50 million for GirnarSoft, owner and operator of India-based automobile trading platform and information portal CarDekho.
Expansion | 29 Jan 2015 |
Pacific Equity Partners (PEP) and Bain Capital have pulled their take-over bid for Australian mining industry supplier Bradken due to volatility in the commodities market.
Australasia | 28 Jan 2015 |
CVC Capital Partners has reportedly reduced its stake in Indonesia’s Matahari Department Store from 14% to around 2% after making two separate sales.
Exits | 28 Jan 2015 |
Ele.me, a Chinese online food-ordering platform, has received $350 million in a Series E round of funding from CITIC Private Equity and Sequoia Capital as well as strategic investors Tencent Holdings, JD.com and Dianping.
Venture | 28 Jan 2015 |
Sailing Capital, a PE firm backed by Shanghai International Group, has committed $100 million in Series B funding to Ymatou, an e-commerce site that connects global retailers to Chinese consumers.
Expansion | 28 Jan 2015 |
CITIC Private Equity, Fortune Capital, GP Capital and Zhejiang Zheshang Investment Management have invested $100 million in Huimin, a Chinese B2B and B2C e-commerce platform that focuses on small-scale supermarkets.
Expansion | 28 Jan 2015 |
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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