Articles by Anita Davis
Control stake in Comviva up for grabs
Indian Conglomerate Bharti Enterprises is reportedly looking to offload its majority stake in Comviva Technologies, a mobile software and application developer that also counts Sequoia Capital as a backer.
PE-led consortiums bid for Shanghai Motel - reports
At least three private equity-linked groups have reportedly entered a bidding war to take control of Morgan Stanley-owned Shanghai Motel Management, Reuters reported, which could fetch $1 billion.
Carlyle sells OIL to European PE firm
The Carlyle Group has sold its portfolio asset Offshore Incorporations Group (OIL), a holding group specializing on the set up of offshore corporations, to European PE firm IK Investment Partners for an undisclosed price.
CVCI to privatize SGX-listed firm
Citigroup Venture Capital International’s (CVCI) asset Decorative Arts Holdings has taken Singapore-listed Passion Holdings Ltd. private, for a 23.8% premium on Passion’s last trading price of S$.21.
Nippon, Reliance Life deal awaits approval - reports
One week after Japanese insurance giant Nippon Life announced its intention to take a 26% stake in India’s Reliance Life Insurance, news surfaced that the deal may be stalled as regulators have yet to bless the transaction.
Nomura targets Indian infrastructure
In the latest news of a Japanese giant targeting Indian opportunities, Nomura Securities is reportedly set to raise a $500 million fund for infrastructure investments in India, raised by Japanese investors.
Kotak Mahindra now targets $500 million for property
Kotak Mahindra Group is reportedly in the process of raising a second multi-million-dollar fund – an up-to $500 million vehicle for real estate – coming weeks after it announced a smaller fund for infrastructure.
VIDEO: AVCAL's Katherine Woodthorpe
In light of ongoing changes to Australia’s shifting taxation landscape related to private equity and venture capital, Katherine Woodthorpe, CEO of AVCAL, updates AVCJ on the progress the industry is making in its dealings with the government, and the...
Providence's Sean Tong to join Mary Ma at new fund - reports
Managing Director and co-head of Providence Equity Partners in Hong Kong, Sean Tong, is reportedly set to depart the PE firm to join Boyu Capital, the startup fund of former TPG Managing Director Mary Ma announced last month.
Pipavav Shipyard sees another PE exit
Three IL&FS divisions have exited a 7.68% stake in Pipavav Shipyard to Ovira Logistics through open market deals, marking the latest private equity exits in the Indian shipbuilder.
Blackstone goes VIP
Blackstone has taken a 2% stake in Indian travel gear retailer VIP Industries for INR36-40 crore ($8-$9 million) through a rare open market transaction for the firm, with reports adding the PE major may up its stake to 5% in the future.
A Capital launches first outbound RMB fund
In the latest move by the Chinese government to promote the PRC’s burgeoning private equity sector, Hong Kong-based PE firm A Capital has partnered with the Beijing Municipal Bureau of Financial Work to launch an reminbi-denominated outbound PE fund....
IFC champions microsavings offerings
As more Indian banks look to expand their services to the growing middle class and the increasing number of high net worth individuals, the World Bank’s investment arm, International Finance Corporation (IFC), has made a case for microsavings in a new...
Standard Chartered takes stake in Indian exchange
Standard Chartered has acquired a 3% stake in India’s youngest stock exchange, the United Stock Exchange (USE), coming as the first overseas banking holder in the outfit.
Affinity portfolio co. faces administration
Affinity Equity Partners’ Australian clothing retailer Colorado Group is set to follow REDGroup into administration later this month, with its banking covenants on the verge of expiring.
Khazanah may sell Pos stake
Malaysian sovereign wealth fund Khazanah Nasional Bhd. is reportedly looking to offload its 32.2% stake in Pos Malaysia Bhd., a Malay postal services company, by April 12.
VC-backed NetQin to IPO
PE-backed Chinese mobile technology firm NetQin mobile has submitted its filings to the New York Stock Exchange.
Deutsche Bank to launch Asia fund
Deutsche Bank has begun the fundraising process of a $150 million Asia-focused private equity fund, with a portion of that – nearly $31 million – already raised.
Japanese volatility prompts firms to change course
In light of the market volatility prompted by last week’s devastating 9.0-magnitude earthquake in Japan, the plans of at least two private equity-related companies have been delayed to await a more stable business environment.
IFC invests in Indian wind power group
The World Bank’s IFC has continued its investment run in India, announcing that it will inject $15 million into power producer Simran Wind Project Private Limited, used for the company’s expansion.
General Mills to acquire Yoplait stake - reports
The months’ long competition for 50% ownership of global yogurt brand Yoplait is reportedly reaching its end, with industry giant General Mills said to have sealed the acquisition deal for $2.2 billion, besting rivals including PE players and China’s...
IFC makes case for microsavings
In light of the controversy surrounding the merits of microlending to impoverished borrowers – which has largely been a commentary on some MFIs’ operations in India - a report from the World Bank’s investment arm, the International Finance Corporation...
Foster's to decide on wine business' future
Australia’s Foster’s Group is to vote on the potential spin out of its multi-billion-dollar wine business in a move that may finally give private equity players a chance at the asset.
Squadron Capital boosts investor relations team
Hong Kong-based fund of funds Squadron Capital has bolstered its investor relations team with appointments that include Chau Ly as Director of Investor Relations & Business Development.