Articles by Anita Davis
Blackstone hunts for financing for Valad acquisition
Blackstone is reportedly seeking A$431 million ($452 million) in financing to complete its purchase of distressed Australian property group Valad, and will tap investors in Australia and Greater China for the money.
Sage joins MYOB auction
UK software maker Sage has submitted a bid to acquire Australian accounting software rival MYOB from private equity owners Archer Capital and HarbourVest Partners, joining Bain Capital and KKR in the auction, according to domestic reports.
Italian motorcycle maker Ducati considers Hong Kong listing
Italy-headquartered private equity firm Investindustrial is considering listing its portfolio motorcycle company Ducati in Hong Kong in 2012.
Fortune Brands raises tender offer to $1.05b
Consumer goods holding company Fortune Brands has raised a $1 billion debt tender offer to $1.05 billion due to oversubscription, The Wall Street Journal reported. The proceeds from the company's sale of golf equipment and apparel business Acushnet to...
Bain, KKR submit finalized bids for MYOB - report
Bain Capital and KKR have submitted their final bids for Australian accounting software provider MYOB, which is currently owned by Archer Capital and HarbourVest Partners. The deal could be worth more than A$1 billion ($1.05 billion), Reuters reported....
iLabs looks to exit 35% stake in Indian broadcasting network
Indian VC firm iLabs Venture Capital Fund, sponsored by businessman Srini Raju, is negotiating with private equity firms to offload a 35% stake in its television network Associated Broadcasting Company (ABCL), which runs the TV9 regional channels, according...
SAIF, IDG team with Hollywood producer to release Chinese films globally
Hollywood entertainment company Relativity Media has teamed with SAIF Partners and IDG China Media to launch a $100 million fund that will produce and distribute China-focused film content and release it to global moviegoers.
Bright Food nears Manassen Foods purchase
China’s Bright Food Group is set to acquire Australian food producer Manassen Foods from CHAMP Private Equity for a price that gives the company an enterprise value, including debt, of more than A$500 million ($516 million).
L Capital takes stake in Ming Fung Jewellery
LVMH group’s private equity investment arm L Capital has expanded its Asia portfolio to include jeweler Ming Fung Jewellery Group, purchasing an 8.61% stake in the company for an undisclosed sum.
Goldman Sachs nears $555m investment into MBK for Woori bid
South Korean private equity fund MBK Partners is reportedly close to securing a KRW600 billion ($555 million) investment from Goldman Sachs that will support its bid for Woori Finance Holdings.
President of PE-backed Taishin Financial feared dead after fall
Taiwanese rescue teams are continuing their search for the president of Newbridge Capital-backed Taishin Financial Holdings, Keh Hsiao Lin, after the executive fell from a 100-meter-high cliff during a nighttime climb of Shusuei Mountain Wednesday.
India Equity Partners buys restaurant chain Sagar Ratna Hotels
India Equity Partners, a New York-based private equity fund, has purchased a majority stake in specialty restaurant chain Sagar Ratna Hotels for INR1.8 billion ($40.2 million). The capital will be used to refurbish its existing branches and aggressively...
Future Fund decreases Telstra stake, reports 12.4% return on portfolio
Australian pension vehicle Future Fund has decreased its stake in Telstra to 2.5%, five years after inheriting the telecommunications firm from the federal government.
SCPE, Providence bid for stake in Indian broadcast giant
Standard Chartered Private Equity and Providence Equity Partners are reportedly closing in on a joint 35% stake purchase in Indian broadcast giant Multi Screen Media (MSM) for approximately INR10 billion ($223.3 million).
PE-owned Tasti D-Lite to serve yogurt in Australia
Private equity-owned frozen yogurt franchise Tasti D-Lite will open its first branch in Australia later this month.
India regulation: SEBI takes a stand
The Uniqueness of India's private equity sector is a product of its own unsystematic development – a process that has been largely hands-off from a regulatory standpoint, cultivated by the professionals, emerging investors and the spinoff funds within...
HNA targets global transport platform
Chinese Transportation conglomerate HNA Group, with its private equity partner Bravia Capital, last week completed back-to-back investments intended to strengthen its presence both in China and abroad – acquiring leading global container leasing business...
Rockefeller family's Rose Rock to launch $2b JV in Tianjin
A subsidiary of the Rockefeller family investment group, Rose Rock Capital, is looking to raise $2 billion for renminbi- and US dollar-denominated investments in commercial properties in Tianjin, Reuters reported, citing the China Securities Journal....
L Capital in JV with Indian fashion portfolio company
LVMH’s investment arm L Capital Asia looks to strengthen its commitment to portfolio firm Genesis Luxury Fashion through the launch of a 50-50 joint venture to exhibit the Indian firm's fashion pieces.
CIC considers significant minority stake in GDF Suez
China Investment Corporation (CIC) is in negotiations to purchase a significant minority stake in French-based energy provider GDF Suez's exploration and production business for up to $4.2 billion, The Financial Times reported.
Bain, KKR to bid for PE-owned MYOB - report
Bain Capital and KKR are reportedly among the contenders to acquire Australian accounting software provider MYOB from owners Archer Capital and HarbourVest Partners. Bidding for the asset, which could reach A$1 billion ($1.03 billion), is slated to begin...
IFC makes $15m investment in green energy firm
International Finance Corp. (IFC), the World Bank’s investment unit, has committed $15 million to India biomass firm power Shalivahana Green Energy. The funds will be used for the company’s domestic expansion.
Korea's Atinum enters JV with US oil drilling firm
American oil exploration and drilling company SandRidge Energy will transfer a 13.2% interest in its 860,000-acre operating land in Oklahoma and Kansas to an affiliate of Korea’s Atinum Partners for $500 million. Of that figure, $250 million will be in...
Japan's Orix targets $1b for China energy, infrastructure
Japanese financial services group Orix Corp. may allocate up to JPY80 billion ($1 billion) for private equity investments in China’s water, machinery and renewable energy spaces over the next two years, Bloomberg reported.