Articles by Anita Davis
Khosla Ventures appoints Lightspeed principal as partner
Silicon Valley-based Khosla Ventures has appointed Lightspeed Venture Partners Principal Andrew Chung as partner, charged with brokering cleantech and IT investments.
KKR closes $1b global mezzanine fund
KKR Asset Management (KAM) has made a final close on its more than $1 billion KKR Mezzanine Partners I fund, raised through global investors including insurers, pension plans, family offices and sovereign wealth funds.
Carlyle acquires healthcare staffing firm NIC for $149m
Carlyle has acquired Tokyo-based medical staffing services firm NIC Corp. for JPY11.5 billion ($149 million). The investment was made from its JPY165.6 billion yen-denominated Carlyle Japan Partners II fund, which targets mid-sized companies. It is the...
Indian pizza chain owner seeks PE funding
Bangalore-based United Restaurants, which owns the US Pizza chain, is looking to raise INR600 million ($12.6 million) from private equity funds to finance its expansion plans. It is the latest in a string of fast-food chain to enter the market for third-party...
Tokio Marine puts Japanese drug maker up for sale
Japanese buyout firm Tokio Marine Capital is reportedly set to exit its majority stake in Showa Yakuhin Kako, a domestic drug making company, and has hired Citigroup to advise on the sale.
Regulators to address Hana's KEB offer after Lone Star court ruling
South Korean regulators will review whether Hana Financial may purchase Korea Exchange Bank (KEB) from Lone Star following a court ruling addressing allegations that the embattled US buyout manipulated KEB’s stock price in 2003 to gain a higher valuation...
Ping An granted PE investment license
Ping An Insurance, China’s second-largest insurer, has been granted a regulatory license to raise private equity and real estate funds.
Hudson plans largest RMB clean energy fund
Renewable energy-focused buyout firm Hudson Clean Energy Partners is targeting China in a big way, announcing that it will raise the largest renminbi-denominated fund dedicated to green energy. The New Jersey-based firm did not disclose its targeted corpus,...
Group-buying sites remain a VC risk
Group-buying websites in China is the trend that keeps on growing. In the last 18 months, an estimated 3,600 participants entered the market. Industry sources say 10% of those have received capital from outside sources – much of it from domestic and overseas...
Intel Capital-backed Parade Technologies launches Taiwan IPO
Intel Capital has ushered semiconductor company Parade Technologies onto Taiwan’s GreTai Securities Market, marking the second Taiwanese listing of an Intel portfolio company in as many weeks.
J.P. Morgan eyes $400m investment in SKIL Infrastructure
A J.P. Morgan Chase-backed fund will pay approximately $400 million for a nearly 20% stake in Mumbai-based SKIL Infrastructure, an infrastructure project developer with assets including ship maker Pipavav Defence – formerly Pipavav Shipyard - and Offshore...
Blackstone's Ben Jenkins to depart by the end of the year
Ben Jenkins, Hong Kong-based senior managing director at Blackstone Group, will depart the firm at the end of the year to return to New York.
Apax in talks with another Indian FMCG firm
Apax Partners is considering an up-to $150 million investment in Indian fast-moving consumer goods company CavinKare, The Business Standard reported, coming as the UK-based firm nears a stake acquisition in another domestic FMCG player, Jyothy Laboratories,...
RRJ, Temasek-backed Frac Tech files for $1.15b IPO
RRJ Capital and Temasek Holdings-backed US oil exploration and production company Frac Tech International is looking to raise $1.15 billion on the New York Stock Exchange.
Hudson plans China's largest RMB cleantech fund
US buyout firm Hudson Clean Energy Partners, which has $1 billion in assets under management, is planning to raise its first renminbi-denominated fund. It is being touted as the largest cleantech investment vehicle in China despite the fund’s target not...
India's TD Power gains 7% on trading debut
TD Power Systems - which counts Baring India Private Equity, IDFC, Sequoia Capital and Ironwood Investment among its anchor investors – saw its stock rise 7% on its trading debut in Bombay. This comes after the company raised INR2.27 billion ($49 million)...
Rewards startup Affinity China receives incubation funding
Affinity China, the loyalty, reward and lifestyle network targeting Chinese overseas travelers, has raised $600,000 worth of seed funding from venture capital firms RRE Ventures and 500 Startups, alongside strategic investor Loeb Enterprises.
Regulators to rule on Lone Star's KEB case next month
South Korean regulators are slated to make a final ruling on October 6 regarding allegations that US buyout firm Lone Star manipulated Korea Exchange Bank’s (KEB) stock price in 2003 to gain a higher valuation for its exit.
VC-backed Lashou prepares for US IPO - report
China's top group-buying website Lashou.com is planning an IPO in the US, Bloomberg reported, adding that the company is looking for deal advisers to replace Morgan Stanley and Goldman Sachs, which are already underwriting the listing of US rival Groupon....
Highland opens in Seoul, led by Chris Yoon
Highland Capital Management has officially opened its Seoul office and appointed Chris Yoon, former director of alternative investments at Asia Pacific Capital in Seoul, to serve as director of business development.
Sarona commits $3.5m to Aureos' Southeast Asian fund
The Sarona Frontier Markets Fund I has committed $3.5 million to the Aureos South-East Asia Fund II, a $250 million vehicle targeting Southeast Asia’s small-to-mid-cap businesses.
PE-backed Jingyuntong tops 50x historic earnings in IPO
Private equity-backed solar energy components manufacturer Beijing Jingyuntong Technology raised RMB2.52 billion ($394 million) in its IPO, priced at 50x its historic earnings.
Aditya Birla nears second fund close
The PE division of Indian financial services group Aditya Birla Group, Aditya Birla Capital Advisors, has reached a first close on its second private equity vehicle, Sunrise Fund, at INR2.2 billion ($48 million).
Apollo plans India launch
Newly listed private equity major Apollo Global Management is set to enter India, and may earmark up to $1 billion for the market