Articles by Anita Davis
VC firms, Mayo Clinic lead investment in Wuhan Kindstar
WI Harper Group, Baird Capital Partners, Morningside Ventures and the Mayo Clinic have committed $11 million in a Series B funding to Wuhan Kindstar Diagnostics, a clinical testing service provider in China.
GIC among cornerstone investors in Sun Art Retail IPO
The Government of Singapore Investment Corp. (GIC) is one of nine cornerstone investors that have committed $420 million for up to 40% of Chinese supermarket operator Sun Art Retail Group's Hong Kong IPO.
Bridgepoint buys Sumitomo Precision's semiconductor business
European private equity firm Bridgepoint has purchased semiconductor component maker SPP Process Technology Systems, a subsidiary of Tokyo-based Sumitomo Precision Products, via a management buyout for an undisclosed sum.
Vogo, MBK consider Woori bids - report
South Korea-based Vogo Fund and MBK Partners may re-enter the fray to purchase the government’s 57% stake in Woori Finance Holdings, local media reports. This comes as authorities look to restart the up-to $6 billion bidding process for the country’s...
Navis takes majority stake in Indian auto-graphic firm
Navis Capital Partners has invested nearly $100 million for a majority stake in Mumbai-based Classic Stripes, a global manufacturer of graphics used on automotive vehicles, The Economic Times reported.
Maybank, CIMB drop RHB pursuit following Aabar Investments' 25% stake acquisition
The potential merger between RHB Capital and either Maybank or CIMB has collapsed after Abu Dhabi-backed Aabar Investments agreed to pay a price for a 25% stake in the Malaysian lender that the banks could not match.
Baidu set to become largest shareholder in VC-backed Qunar
Internet search giant Baidu is set to invest $306 million in venture capital-backed Chinese travel site Qunar, which would make it the majority shareholder in the company.
Japan's ORIX launches Korean PE fund to invest in Mirae Asset Life
Japanese financial services group ORIX Corporation is to establish what it claims is the “largest investment fund established by a Japanese company in South Korea” to acquire shares in Korea’s Mirae Asset Life Insurance. The private equity fund - whose...
Matrix Partners, Capital Today invest in Ihush.com
Shanghai-based e-retailer Ihush.com has received $43 million in venture capital funding from Matrix Partners China and Capital Today, China Business News reported.
Carlyle injects growth capital in India's Visen
The Carlyle Group has broadened its growth capital portfolio in India through a $25 million investment in polymer-emulsion maker Visen Industries, slated to aid the company's domestic and overseas expansion.
Blackstone, SCPE vie for stake in Indian IT product distributor
Blackstone and Standard Chartered Private Equity (SCPE) are reportedly in the final bidding stages to take a nearly 15% stake in Redington India, a telecoms and IT products distributor. An announcement on the INR500 crore ($111.65 million) deal is expected...
Warburg Pincus extends stake in Continental Warehousing
Warburg Pincus has made its second investment in Indian warehouse manager Continental Warehousing (Nhava Seva) in as many months, purchasing an unspecified stake from Aureos Capital.
Taiwanese regulators block KKR-led takeover bid for Yageo
Taiwanese regulators have a KKR-led bid to privatize domestic electronic-component maker Yageo, saying that investors were not provided with sufficient information regarding the transaction’s risks.
IL&FS makes another Indian warehouse investment
IL&FS Investment Managers has committed INR400 million ($8.9 million) to agri-warehousing firm JICS Logistic, its fourth investment in India’s logistics and warehousing space in five years.
Korea's NPS selects GP investment partners
Korea’s National Pension Service (NPS), the world’s fourth-largest pension fund, has chosen eight domestic private equity and venture capital GPs to manage its newest, KRW900 billion ($840 million) Pan-Asian fund, according to Money Today.
Kotak Mahindra applies for Singapore office
India’s Kotak Mahindra Bank, whose parent has been an active private equity investor, is looking to open its first overseas branch, in Singapore.
Foster's rejects SABMiller
Foster's Group has rejected a takeover bid by US label SABMiller, branding the A$9.5 billion ($10 billion) as offer too low. The move comes one month after the Australian firm spun off its distressed wine brand - provoking considerable interest from private...
Apax nears Jyothy stake buy - report
Apax Partners is reportedly closing in on a 26% stake in Mumbai-based consumer goods firm Jyothy Laboratories, bringing to an end a battle between several private equity firms over the $150 million deal.
VIDEO: Primus' Robert Morse
Robert Morse, managing director, CEO and co-chairman of Primus Financial Holdings, discusses with AVCJ TV the difficulties of conducting business in an increasingly crowded market, and notes the importance of loyal LPs when raising capital in strained...
Actis considers Sterling exit
Actis, a London-headquartered emerging markets investor, is set to exit its 80% stake in Gujarat-based Sterling Add-Life Medical Institute, the Business Standard reported, citing sources close to the deal.
PE targets Australian healthcare
AT A TIME WHEN PROFITABLE EXITS in Australia are difficult to achieve due to the lingering effects of the global financial crisis, private equity firms continue to rely on healthcare for returns. This strategy received a ringing endorsement last week...
PE-backed Royal Adelaide Hospital set for construction
The private equity backers of the SA Health Partnership have finalized the A$1.85 billion ($1.9 billion) construction of the new Royal Adelaide Hospital, touted as one of the market’s largest public-private partnerships (PPP) to date.
AMP names Davies global head of infrastructure
Australia-based AMP Capital Investors has appointed former Macquarie Capital executive Scott Davies as its global head of infrastructure, replacing Phil Garling who is set to retire.
PE sees exit multiples in India
India's private equity industry entered 2011 with high hopes that this would be a breakthrough year for exits and returns. Following a rash of sales over the past few months – culminating in Blackstone’s $630 million stake sale in Intelenet Global Services...