Articles by Anita Davis
Invest AD to seal first Turkey deal within four months
State-owned Abu Dhabi investment vehicle Invest AD is looking to buy Turkish companies focused on pharmaceuticals, food, consumer goods and industrial manufacturing. Samir Assaad, head of the company’s private equity unit, told Bloomberg that the first...
IFC prepares loan for Axis-backed infrastructure firm
An Indian infrastructure firm backed by Axis Private Equity is poised to secure a INR22.58 crore ($5 million) loan from the International Finance Corporation, the World Bank’s investment arm, according to Financial Chronicle.
Carlyle, Suntory tipped to buy stake in GarudaFood
Carlyle Group, in partnership with Japanese brewer Suntory, is closing in on a 30% stake in Indonesia’s GarudaFood thought to be worth over $200 million, Reuters reported.
Lee Hsien Loong takes over Lee Kuan Yew as GIC Chairman
Singaporean Prime Minister Lee Hsien Loong has been named chairman of top sovereign wealth fund the Government of Singapore Investment Corp. (GIC), taking over the role held by his father Lee Kuan Yew.
Mitsubishi Corp. to launch PE fund of funds - report
Mitsubishi Corp., one of Japan’s top general trading companies, is set to launch a $200 million private equity fund of funds with capital additionally pledged from the Development Bank of Japan and Sumitomo Mitsui Banking Corp., the Nikkei reported.
CVC-backed Samsonite aims for $1.51b raise
Samsonite, the luggage manufacturer majority-owned by CVC, has set a $1.51 billion target for its impending IPO in Hong Kong, slated to launch on June 16.
Distressed bookseller REDgroup Retail urgently seeks buyer
Pacific Equity Partners’ REDgroup Retail, the owner bookstore chains Borders and Angus & Robertson now under administration, is “urgently” looking for a buyer in order to continue operations.
Former Fortress boss prepares new hedge fund
Stanley Ku, former Hong Kong head of Fortress Investment Group, is setting up a new hedge fund following the closure of Minerva Capital Management last year. Complus Asset Management, which received an asset management license in Hong Kong last week,...
Franklin Templeton PE fund invests in India's SFO Technologies
Franklin Templeton Private Equity Strategy (FTPES) has invested IND67.5 crore ($14.9 million) in SFO Technologies, a leading Indian electronics manufacturer. FTPES is one of three private equity investors that have committed a combined IND166.5 crore...
Home Inns closes in on Shanghai Motel
Home Inns & Hotels Management, China’s largest budget hotel chain, has emerged as the front runner to purchase Shanghai Motel Management from a consortium of investors led by Morgan Stanley. The cash-and-stock deal is slated to be worth around $500 million,...
Vickers invests in gamer Spicy Horse
Vickers Venture Partners, an investor based in both Singapore and Shanghai, has injected $3 million in Spicy Horse, a Shanghainese gaming developer.
JP Morgan invests in New Delhi real estate project
JP Morgan has injected $30 million in a New Delhi project of real estate manager Parsvnath Developers, according to the Economic Times.
VinaCapital banks on edible birds nests
VinaCapital’s Vietnam Opportunity Fund Limited has paid an undisclosed price for a minority stake in Yen Viet Joint Stock Company, a domestic retailer of edible bird’s nest nutritional products.
Vancl aims high for US IPO
VC-backed e-commerce retailer Vancl is the latest digital player in the PRC looking to strike it rich on an American bourse, targeting a $1 billion raise and the title of the biggest IPO by a Chinese internet company.
Tech-, clean energy-focused IPV closes second fund above target
Chinese venture firm IPV Capital has completed the close of its second technology- and cleantech-focused fund at $125 million, above its intended target.
Squadron launches $150m vehicle with Finnish pension fund
Global fund of funds manager Squadron Capital has launched the $150 million Keva Squadron Emerging Asia Fund I, fully funded by Squadron professionals and Finnish pension fund Keva. The vehicle will target SMEs in China, India and Southeast Asia, with...
Vivo Ventures names China head
Life science VC firm Vivo Ventures has promoted two professionals to the role of Managing Partners, including James Zhao, who will now head the firm’s China team in light of the promotion.
Milestone Religare's Rajesh Singhal joins Tata Capital
Tata Capital Limited appointed Founding Managing Partner of Milestone Religare Capital Rajesh Singhal as Partner in its Tata Opportunities Fund.
Anafore gets first round of VC funding
Singapore-based Anafore Pte Ltd, the operator of a startup website focused on referral marketing, has secured its first round of funding from three venture investors: Singapore-based BAF Spectrum; Spring Seeds Capital, a subsidiary of startup investor...
Real estate fund flips Macau office tower
Real estate investment firm Westport Capital Partners and its Hong Kong-based development partner, Tenacity Real Estate Group, have sold a 25-story office building in Macau to an undisclosed buyer for HK$970 million ($125 million).
Diamond Dragon appoints CIO in Hong Kong
Private equity placement agent Diamond Dragon Advisors has named Kyung Kim CIO of Fund Origination and GP Advisory Services, based in Hong Kong.
Korean PE buys global golf brand Acushnet
KOREAN SPORTSWEAR MAKER FILA HAS teamed with Seoul-based Mirae Asset Private Equity and two of the market’s top investment institutions to acquire golf equipment and apparel business Acushnet Company from NYSE-listed Fortune Brands for more than $1.2...
History shows that PE is set to benefit from China's spend
Fears that the value of the US dollar will continue its downward spiral have prompted central banks across Asia to look at alternative investment routes to hedge their exposure to assets related to the currency. For China, with approximately $3 trillion...
Bain buys China Fire & Safety
Two months after Nasdaq-listed fire-safety products maker China Fire & Security Group was first approached by global private equity suitors, the company has been sold to Bain Capital for $9 a share, or a total of $265.5 million.