Articles by Anita Davis
Collins shares drop 8% on trading debut
Australian fast-food group Collins Food, which was taken public by Pacific Equity Partners (PEP), saw its shares drop 8% on its trading debut. This came despite the offering being priced at the bottom of its A$2.50-$2.92 range.
ICICI Venture's co-head K.S. Jangbahadur to rejoin JP Morgan - report
Co-head of ICICI Venture K.S. “Jang” Jangbahadur has departed the company to head JP Morgan’s private equity business, India’s Business Standard reported.
PE-backed Cima Claddings sells unit to Japan's JS Group
Private equity-owned Cima Claddings has sold its construction unit Permasteelisa to Japanese aluminum sash maker JS Group Corp. for JPY63 billion ($820 million).
KKR makes second investment into Avantha Power & Infrastructure
KKR has strengthened its ties to India’s Avantha Power & Infrastructure (APIL), co-investing an additional $120 million into the company less than a year after committing $50 million.
Permira taps Goldman's Alan Chen as China head
European PE major Permira has appointed Alan Chen, former executive director at Goldman Sachs’ special situation group, to lead its China operations, Reuters reported, citing sources close to the hire.
Update: Revived WestBridge reaches $500m fund target
WestBridge Capital Partners, the private equity fund relaunched by Sequoia Capital India’s founders, has reached the $500 million target for its new vehicle, the WestBridge Crossover Fund, within six months. According to the firm, the fund has been fully...
Private equtiy reengages with Indian MFIs
The World Bank’s International Finance Corp. (IFC) is reportedly finalizing an INR1.3 billion ($29.2 million) investment in Indian microfinance institution (MFI) Bandhan. This comes as other PE players also reconsider investments into MFIs following a...
Apollo eyes $100m investment in Indian delivery firm
Apollo Global Management is reportedly considering a $100 million investment in Indian shipping firm Gati Group for a significant minority stake.
IL&FS appoints banks for RMB bond issuance
Indian infrastructure investor IL&FS has selected Deutsche Bank, RBS and UBS to handle its renminbi-denominated “dim sum” bond issue in Hong Kong. The private equity firm aims to raise the equivalent of $200 million, Reuters reported.
Funds dine out in China
Private equity is banking on all-you-can-eat opportunities in China. Last week, Apax Partners became the latest fund to enter the low-to-mid-priced food market, with the acquisition of Golden Jaguar, a buffet-style restaurant chain specializing in Western...
L Capital's fashion-forward India play
L Capital Asia, the private equity investor of luxury goods group LVMH, last week purchased a 25.5% stake in New Delhi-based Genesis Luxury Fashion, making its maiden investment in India.
DFJ's Tim Draper invests in Singaporean VC incubator
Draper Fisher Jurvetson (DFJ) founding partner Tim Draper has invested an undisclosed sum in Singaporean tech incubation firm Clearbridge Accelerator.
Blackstone approved for Valad takeover
Shareholders in debt-burdened Australian real estate firm Valad Property Group have overwhelmingly approved Blackstone affiliates for an A$806 million ($883 million) takeover of the company.
HNA Group, Bravia Capital to acquire GE SeaCo
Chinese conglomerate HNA Group, with its Hong Kong-based private equity partner Bravia Capital, will acquire container leasing business GE SeaCo from General Electric for $1.05 billion.
HNA Group, Bravia Capital buy stake in Turkey's ACT Airlines
Chinese conglomerate HNA Group, with Bravia Capital, are to jointly acquire a significant minority stake in ACT Airlines, an air cargo operator based in Istanbul, for an undisclosed sum.
IFC among new stakeholders in Cholamandalam Investment and Finance
Cholamandalam Investment and Finance Company has diluted a 15% in itself to investors including IFC, Amansa Investment, Acquarius Investment, Reliance Capital and India Capital Fund as part of its effort to raise INR250 crore ($56.56 million) for business...
Evercore Asia names chairman, COO following Lexicon acquisiton
Evercore Partners has elevated Senior Managing Director Stephen CuUnjient to the position of chairman of Evercore Asia, and has appointed MD of Lexicon Partners Marcus Thompson to the role of COO in Asia. Both will continue to be based in Hong Kong.
SEBI implements new takeover rules
The Securities & Exchange Board of India (SEBI) has mandated that an investor must own at least 25% of a company in order to launch a takeover bid for that asset, up from the current 15% threshold.
Campbell Lutyens appoints former AIG Investments Asia CEO Cesar Zalamea to board
Global advisory firm Campbell Lutyens has appointed two new members to its advisory board, including Cesar Zalamea, former President and CEO of AIG Investment Asia.
ChrysCapital divests stake in Idea Cellular
Monet, a subsidiary of ChrysCapital, has divested a 2.5% stake in India’s Idea Cellular to an undisclosed buyer for a reported $170 million.
Shanghai Electric seeks $1.47b for diversification
Shanghai Electric is reportedly looking to raise RMB9.5 billion ($1.47 billion) through a private share placement that will help the company diversify is business into other areas of the energy sector. As part of the raise, China Power Investment Group...
SCPE names India MD Nainesh Jaisingh as co-global CEO
Standard Chartered Private Equity (SCPE) has named Nainesh Jaisingh, managing director in India, as co-global CEO. He is specifically charged with bolstering the outfit’s presence in emerging markets and West Asia.
KKR-owned Japanese hiring firm purchases Hong Kong-based Staff Management
KKR-owned Japanese staff hiring and outsourcing firm Intelligence has acquired Hong Kong-based Staff Management Consultancy and its subsidiary, Anchor HRM Consulting, for an undisclosed amount. Staff Management will be rebranded as Intelligence as part...
CVC considering SHK Finanicial sale
CVC Capital Partners-backed Sun Hung Kai & Co. is considering the sale of its brokerage and wealth management subsidiary SHK Financial, Bloomberg reported, citing sources who say the company has held informal discussions with potential buyers.