Articles by Anita Davis
Goldman Sachs acquires Indian hedge fund
Goldman Sachs Asset Management is set to acquire 10-year-old Indian hedge fund manager Benchmark Asset Management Co. in a move that bolsters its holdings in the market.
Origo ups capital in Unipower Battery
China-focused Origo Partners will commit $15 million to electric-vehicle battery maker Unipower Battery as part of a $22 million convertible note offering, coming as the second capital injection from the PE firm into the company in less than a year.
Sequoia discusses future of Indian investments
One month after Sequoia Capital India’s founders announced they would depart to launch WestBridge Public Fund later this year, the VC major’s MD told domestic media that Sequoia planned to remain a strong investor in the market, earmarking $600 million...
Saving PE on Republicans' agenda
US Congressional Republicans are drafting five bills aiming to curtail the reach of the Dodd-Frank Act in specific areas of the financial industry, further targeting a provision that regards private equity’s disclosure protocol.
PTC India to float on BSE
PTC India Financial Services, whose parent last year partnered with Ashmore Investment Management to launch a private equity energy fund, has listed on the National Stock Exchange, the Bombay Stock Exchange in a process that may raise INR440 crore ($97.4...
Alinta's shareholders approve TPG consortium's bid
The shareholders of distressed Australian power giant Alinta Energy have approved an acquisition offer by a TPG-led consortium to acquire the company and delist it from the ASX, despite many of these backers making a 90% loss on their original funding....
SAIF-backed Speciality Restaurants files for IPO
SAIF Partners-backed food services firm Speciality Restaurants has reportedly submitted filings for a public offering, targeting as much as INR170 crore ($37.6 million).
Even megafunds need to meet LP demands
After industry debate, Bain’s Asia Fund II may give investors options that focus on performance, not fees
Tan-Eu and SOCAM launch real estate JV
Asian real estate fund manager Tan-Eu Capital and PRC-based, HKSE-listed ShuiOn Construction and Materials (SOCAM), have jointly closed their SoTan China Real Estate I LP club vehicle at approximately $400 million.
India-Japan cross-border insurance deal
Reliance Capital-owned Reliance Life Insurance is to sell a 26% stake to Japan’s largest life insurer, Nippon Life Insurance, for $680 million. The deal has been touted as the largest foreign direct investment in India’s insurance space, and values Reliance...
Unitas, CCMP to list UK vacuum firm
Asian-based Unitas Capital, with co-investor CCMP Capital, has submitted listing filings for British vacuum brand Edwards Group, coming 43 years after the company was first taken private.
Citi's Yuan moves to Asia
Citi has transferred Victor Yuan from New York to Hong Kong to join the financial group’s private equity team under Chris Laskowski, Head of Citi’s Financial Entrepreneurs Group Asia Pacific and COO for Global Banking in the region.
A Capital launches first outbound RMB fund
Hong Kong-based PE firm A Capital has teamed with the Beijing Municipal Bureau of Financial Work to launch China’s first reminbi-denominated outbound private equity fund, with an RMB3 billion ($456 million) target.
VIDEO: Kaizen's Sandeep Aneja
India’s education sector has become a hot investment realm of late, and in light of Kaizen Private Equity’s success in raising funds for its newest vehicle, Sandeep Aneja, Founder and MD of the education-focused group, discusses strategies for investors...
TPG finally takes control of Vishal Retail
Six months after TPG received the go-ahead to acquire the wholesale unit of distressed Indian superstore chain Vishal Retail, the PE firm has reportedly taken control of the asset, further seeing its investee Shriram Group acquiring a separate part of...
KKR puts MMI listing on hold – reports
Less than one month after news surfaced of KKR’s ambition to offload Singaporean engineering firm MMI Holdings via an IPO onto the Singapore Exchange, the PE major has reportedly cancelled its plans for a listing.
TPG looking at 8x return on Shriram Transport
TPG is reportedly looking to exit its stake in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender, for as much as $1 billion, 8x its initial investment.
Bain preps for $2b Asia fund
Bain Capital is reportedly set to fundraise for its second Asia-focused fund - targeting $2 billion, or twice the corpus of its previous vehicle raised in 2007 – and further looks to provide a new range of options for its fund investors.
Standard Chartered PE makes another Indian exit - reports
Standard Chartered Private Equity-backed energy generator producer Powerica Ltd. has reportedly targeted $200 million for its upcoming June IPO, coming as the latest of Standard Chartered’s exits in the Indian market
SBI-Macquarie, Standard Chartered among GMR Airport investors
GMR Airport Holdings, a unit of Bangalore-based GMR Infrastructure - which operates two of India’s major airports - is reportedly set to receive INR15 billion ($333 million) from SBI-Macquarie, Standard Chartered Private Equity and a third unnamed PE...
Kotak Mahindra seeks $300m for infrastructure
Kotak Mahindra Group is on the road to raise $300 million for an infrastructure-focused private equity fund in India, and has already received capital commitments from Brookfield Asset Management in Toronto, Sumitomo Mitsui in Tokyo, and Kotak itself....
Bain-backed Gome loses Chairman Chen
The chairman of Bain Capital’s embattled investee Gome Electrical Appliances, Xiao Chen, has relinquished his role at the company, coming months after the Gome’s imprisoned founder Guangyu Huang first tried to oust Chen in favor of Huang’s sister.
CVC-backed Nine Entertainment sells CarSales.com stake
CVC Capital Partners Asia Pacific-owned Australian TV network Nine Entertainment has sold its 49% stake in CarSales.com for a reported A$565.5 million ($569 million) to institutional investors - a move that has spurred questions about Nine’s planned IPO,...
Bain, GIC assist in Hero Honda buyout
Months after negotiations began between Japan’s Honda Group and India’s Hero Group to enact a strategy for Honda to exit the Hero Honda JV, Hero Group has officially bought out Honda’s 26% stake in the company, with private equity players Bain Capital...