Articles by Anita Davis
D.E. Shaw joins forces with Indian billionaire
In the first three months of 2011, India has fully showcased its clout as a destination for growth and transactions, with top financial services deals dominating headlines, including Reliance Life's stake sale to Japan's Nippon Life and Standard Chartered's...
Investors give to Bubble Motion
Mobile communications firm Bubble Motion has received a $10 million Series B financing tranche led by SingTel Group’s VC fund Innov8. Existing investors Sequoia Capital, Palomar Ventures and NGC also participated in the raise, as well as new, Singapore-based...
AMP raises $342m for global debt fund
Australian infrastructure investment manager AMP Capital Investors has raised €241 million ($342.8 million) for an infra debt fund, which has made its first investment in a British company that leases passenger trains and freight locomotives. China Life...
Temasek eyes TPG's stake in Shriram Transport - reports
Singaporean sovereign wealth fund Temasek Holdings is reportedly in negotiations with US buyout firm TPG Capital to purchase a stake in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender. According to India’s Business...
TPG sells minority stake to Singapore, Kuwait SWFs
US-based buyout major TPG has reportedly sold a 4.5% stake in itself to sovereign wealth funds the Kuwait Investment Authority and the Government of Singapore Investment Corporation (GIC). The raised capital is said to be used for TPG’s own expansion,...
Macquarie SBI invests in GMR Airport
Macquarie SBI Infrastructure has officially invested $200 million in GMR Airport Holdings, a unit of Bangalore-based GMR Infrastructure, which operates two of India’s major airports.
RIT Capital, Jacob Rothschild launch $750m China outbound fund
RIT Capital Partners, with British investor Jacob Rothschild, is to launch a $750 million private equity fund targeting Chinese investors looking to invest in overseas deals and give them “access to international private equity for the first time.”
HNA Group, H&Q to launch PE funds
A division of PRC airline firm HNA Group, Shanghai Grand China Investment Management Company Limited, has linked with PE firm H&Q Asia Pacific to co-manage RMB5 billion ($762.7 million) in private equity vehicles, targeting logistics and consumer-related...
DST invests in China's 360Buy
VC-backed Chinese digital retailer 360Buy has received a Series C fundraising tranche worth “hundreds of millions of dollars” from investors including Russian internet-investment company Digital Sky Technologies (DST) and Walmart, according to the Financial...
VC-backed gaming developers merge
Chinese gaming developer UltiZen Games - which has received funding from Jafco Asia, Hotung Investment Holdings Ltd. and Tokio Marine Investment Services – has acquired Japanese developer Red Entertainment for an undisclosed price.
US firm launches Australasia-focused real estate fund
LA-based Jumpstart Capital Partners is to launch a PE real-estate focused unit that will initially target distressed and undervalued property-related investments in Australia and New Zealand.
Affinity-backed group also heads into receivership
One week after news surfaced that Australian clothing retailer Colorado Group neared the deadline to repay its banking covenants, the Affinity Equity Partners-backed asset has now gone into administration, reportedly owing its lenders A$405 million ($418...
3i takes stake in Indian energy firm
3i has invested $45 million for a minority stake in Ind-Barath Energy Limited (Utkal), from its $1.2 billion 3i India Infrastructure Fund.
The international viewpoint
Mounir Guen, founder and CEO of private equity advisory MVision, speaks to AVCJ about the traps new investors fall into when making their first foray into Asia, and warns that chasing GDP won’t necessarily lead to returns.
Japan and India: A match made in Asia
Early in 2011, Indian and Japanese regulators launched measures to more closely align their economies to promote cross-border deals. Since then, they have emerged as two of Asia’s strongest business partners. Three major Indian-Japanese deals have materialized...
A view from the top
The upcoming 2011 AVCJ Private Equity and Venture Capital Review highlights the growing importance of Asia-Pacific to the global PE community. It also raises the question: Just where is all this money going?
VIDEO: PE experts discuss challenges in Oz
While Australia’s economic landscape has increasingly improved as the affects of the global financial crisis fade, some of the private equity and venture capital industry’s experts discuss the ongoing challenges they still face in Oz.
Carlyle completes Tsubaki Nakashima acquisition
At a time when companies in Japan are revising their plans to await a more stable environment in the aftermath of the recent 9.0-magnitude earthquake that rocketed the market, others hope to show that business can still go on as usual, as The Carlyle...
Navis makes first investment from Malaysian vehicle
Navis Capital Partners has made its first investment from its RM230 million ($76 million) Malaysian Growth Opportunity Fund I (MGO I), in Kinderdijk Group, a lifestyle- and baby care-product distributor and retailer.
D.E. Shaw, Reliance Industries launch financial services JV
Global hedge fund D. E. Shaw and Indian power major Reliance Industries Limited have linked to form a domestic financial services JV.
Leopard Cambodia Fund invests in advisory firm
Southeast Asian emerging market PE investor Leopard Capital has injected $1 million from its Cambodia Fund LP into an unnamed professional advisory firm that “provides legal and tax advisory services to clients throughout Southeast Asia.”
Kunming drug distributer gets funding
Kunming-based medical logistics and distribution company First China Pharmaceutical Group has received $2.7 million from a group led by New York-based investment and merchant bank Wellfleet Partners. Three institutional investors, including existing backer,...
China Mining United Fund aims for 2012 IPO
The China Mining United Fund (CMU Fund), a PE fund focused on mining-related investments, is reportedly planning make its public debut in Hong Kong and on a mainland bourse next year.
GIC-backed firm nears LSE debut
GIC-backed Ballarpur Industries, touted as India’s largest paper producer, is set to launch its overseas division Bilt Paper on the London Stock Exchange, targeting $330 million.