Articles by Anita Davis
China Development Bank applies for stake in TPG
Government-owned China Development Bank (CDB) is reportedly seeking permission to purchase a stake in TPG Capital, coming one month after TPG sold a 4.5% stake to the Government of Singapore Investment Group (GIC) and the Kuwait Investment Authority (KIA)....
TPG's Shriram Transport stake said to attract interest from Orix
Japanese financial services group Orix Corp. is the latest player to have reportedly set its sites on TPG’s share in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender, in a sale that could bring in more than INR30...
Fila teams with private equity in leading golf brand buyout
Seoul-based Mirae Asset Private Equity has teamed with Korean sportswear maker Fila to acquire golf business Acushnet Company from NYSE-listed Fortune Brands for more than $1.2 billion.
Chemspec looks to merge with Primavera JV
Shanghai-based specialty chemical maker Chemspec International Limited has submitted a request to the SEC to be delisted from the New York Stock Exchange and merged with a company owned by Primavera Capital and Chemspec’s CEO Jianhua Yang.
Toshiba beats PE to acquire Landis+Gyr
Japanese electronics giant Toshiba Corporation is set to wholly acquire utility meter-reading developer Landis+Gyr AG from Australian investment firm Bayard Capital for $2.3 billion, out-bidding private equity suitors TPG and EQT Partners.
Indian renewable energy fund appoints MD
Energy-focused PE fund Nereus Capital has named Rajesh C. Managing Director, charged with driving investments in new and existing target areas linked to renewable energy.
PE-backed Witchery to IPO in Oz
Australia’s Gresham's Private Equity is reportedly looking to list its mid-market clothing retail asset Witchery later this year in an effort to raise A$300 million. The move comes in a market where other PE-backed IPOs of Australian companies have largely...
CDH Venture co-founder takes step back following elopement announcement
Gongquan Wang, founding partner of CDH Venture Partners, the early stage arm of the China private equity giant, will reportedly take some time off from the fund following a brazen announcement that he would be “giving up everything” to elope with his...
CVC ramps up focus on Filipino finance
CVC CAPITAL PARTNERS HAS MADE ITS first investment in the Philippines in more than a decade, taking a 15% stake in Rizal Commercial Banking Corporation (RCBC) – the market’s fifth-largest financial player by assets with aspirations of elevating its brand...
Hamilton Lane relocates Asia & Europe MD to Hong Kong
US-based private equity asset management and advisory firm Hamilton Lane will relocate its Managing Director for Asia and Europe, Juan Delgado-Moreira, from London to Hong Kong in a move that emphasizes Asia’s growing prominence as an investment destination....
PE funds to bid for 20% stake in Vietcombank
The Vietnamese government has put 20% stake in Vietcombank on the block, and private equity players are invited to bid for this estimated $500 million piece of asset.
Wal-Mart takes stake in another Chinese e-commerce site
Wal-Mart Stores has taken an undisclosed minority stake in Yihaodian, a Chinese eCommerce company, which vends goods such as groceries, consumer electronics and apparel. The deal’s value has not been disclosed.
CVC takes 15% stake in Philippines bank for $115m
CVC Capital Partners has taken a 15% stake in Philippine bank Rizal Commercial Banking Corporation (RCBC) for approximately 4.96 billion Philippine pesos ($115 million), which RCBC aims to use for future acquisitions of SME-sized banks in the Philippines,...
Intel Capital invests $18m more in India, including first healthcare investment
Intel Capital, the PE investment arm of Intel, has invested $18 million in two Indian companies, including Sudhir Srivastava Robotic Surgery Centre (SSARSC), a provider of advanced robotic surgery procedures, marking Intel Capital’s first investment in...
Goldman, Morgan Stanley latest to launch RMB funds
US investment giants Goldman Sachs and Morgan Stanley have reportedly been given the green light to launch yuan-denominated private equity funds in China, coming as Western PE players rush the market to take advantage of a newly liberalized investment...
mCapital goes on the hunt for distressed assets
MCAPITAL, THE NEWLY LAUNCHED FIRM led by former Merrill Lynch executive Mark Devonshire, has completed the $74 million first close of its mCapital European & Asian Special Situations Fund, coming more than two years after its fundraising process began....
ChrysCapital finds a bargain in India's NCC
CHRYSCAPITAL, WHICH CLAIMS TO BE India’s largest investor in the construction business, has taken an undisclosed minority stake in Blackstone-backed Nagarjuna Construction Company Limited (NCC).
Blackstone considers Intelenet divestment - report
Blackstone is said to be considering selling its 66% stake in Indian BPO firm Intelenet Global Services to British services network Serco.
Carlyle and Macquarie bid for Redflex stopped short
Three months after The Carlyle Group and Macquarie Group made inroads to acquire Australian traffic light and road safety firm Redflex Traffic Systems, offering approximately A$300 million ($302 million) - a 21% premium - for the asset, a key company...
TPG hunts Asia Chairman - report
Buyout major TPG is reportedly looking for a new Asia Chairman able to help the firm compete in China.
Standard Chartered banks on China's auto industry - source
Standard Chartered Private Equity has invested approximately $35 million for an undisclosed stake in Xi’an-based luxury automobile dealership Sunfonda Automobile Group, a source close to the deal exclusively confirms to AVCJ.
VIDEO: ChrysCapital's Gulpreet Kohli
Despite India’s investment landscape has become expensive in recent years, ChrysCapital’s MD Gulpreet Kohli identifies some pockets of opportunity that make the market compelling
ChrysCapital finds a deal in NCC
ChrysCapital, which claims to be India’s largest construction investor, has taken an undisclosed minority stake in Blackstone-backed Nagarjuna Construction Company Limited (NCC).
BoaML PE team spins out
NewQuest Capital Partners to focus on direct secondaries in Asia via its $400 million fund