Articles by Anita Davis
Goldman Sachs realigns regional PE operations
Goldman Sachs is set to reorganize its regional private equity business, combining three now-separate geographies into a single division, a Goldman Sachs spokesman confirmed to AVCJ. The unit will be led by Partner Ankur Sahu and MD Andrew Wolff.
VIDEO: Clearwater Capital's Robert Petty
To critics who question the true existence of Asia's distressed asset category, Clearwater Capital's Managing Director Robert Petty suggests "looking at the reality of the statistics."
The alternative perspective
Thanks to the global financial crisis, finding desirable special situation investments in Australia has been a less than arduous task. However, with economic conditions continuously improving down under, those closest to the asset class maintain that...
KKR-backed Seven Media bought for $4.2b
KKR-backed Australian media major Seven Media Group has been bought by West Australian Newspapers Holdings (WAN) for A$4.1 billion ($4.2 billion) in cash, shares and an assumption of debt. The deal sees the return of double-digit valuations, this one...
Kaizen a rising star in Indian PE
One year after AVCJ predicted that education-opportunities group Kaizen Management Advisors “seems poised to lead investment in this sector in India,” the firm has made strides to keep its title, enlisting the likes of India’s Housing Development Finance...
Carlyle, Macquarie gets green light for Oz traffic systems firm
The Carlyle Group and Macquarie Group have jointly bought Australian traffic light and road safety firm Redflex Traffic Systems for approximately A$300 million ($302 million), paying a 21% premium for the asset.
Alibaba.com's top execs depart following scandal
Alibaba Group, China's e-commerce behemoth that last month announced a possible tie-up with PE investors, has come under scrutiny for its alleged role in allowing fraudulent vendors to set up storefronts on its B2B domain Alibaba.com, prompting the website’s...
PE firms vie for meat producer - reports
Affinity Equity Partners is reportedly in competition with the likes of Archer Capital, Pacific Equity Partners (PEP) and CHAMP Private Equity to buy Australian meat producer Primo Smallgoods, Reuters reported, suggesting the company could fetch up to...
KKR-backed Seven Media bought for $4.2b
KKR-backed Australian media major Seven Media Group has been bought by West Australian Newspapers Holdings (WAN) for A$4.1 billion ($4.2 billion) in cash and shares – a deal that creates the largest diversified media entity in the country.
HDFC takes stake, LP role in Kaizen
India’s Housing Development Finance Corp. (HDFC) has acquired a minority stake in education-opportunities group Kaizen Management Advisors Ltd., pledging an undisclosed amount of capital as an LP into Kaizen Private Equity’s new vehicle.
India's Marico acquires PE-backed ICP
Private equity partners Mekong Capital and BankInVest, with their investor backers, have exited their combined 85% stake in Vietnamese FMCG firm International Consumer Products (ICP) to Indian consumer products group Marico Ltd., for an undisclosed amount....
Mizuho to invest in Tata fund
Japanese banking giant Mizuho Financial Group is reportedly set to inject capital into a fund managed by India’s Tata Group, Reuters reported, citing sources close to the deal.
SEBI delays Milestone Capital's listing - reports
Milestone Capital Advisors' intended IPO has reportedly been delayed for eight months following the Securities and Exchange Board of India's (Sebi) ruling that the move may be too risky to smaller investors, India’s LiveMint reported.
Macquarie SBI nears Indian port investment - reports
Macquarie SBI Infrastructure Management is considering an INR1,000 ($220 million) investment into an unnamed Indian port manager, the Business Standard reported, which may be completed in the upcoming months from the group's nearly $1.5 billion Macquarie-SBI...
Actis on exit trail in India
UK government-backed Actis has begun the divestment process for several of its Indian investees as part of its efforts to close its second, $325 million market-focused fund, LiveMint reported.
Sri Lanka imposes year-long share-holding period
Sri Lankan authorities have mandated that private equity firms adhere to a year-long binding period that prevents them from selling shares of companies recently listed on the Colombo Stock Exchange.
Oaktree Capital winds down global distressed fund
As global investor Oaktree Capital’s nearly $11 billion distressed opportunity fund enters its liquidation phase, a source close to the firm says Oaktree may not see another such vehicle of this size for a while, due to the changing landscape for distressed...
China may approve PE units for brokerage firms
The asset management divisions of some brokerage firms in China may be granted the right to launch their own private equity funds, Reuters reported, noting that such a move may boost growing PRC banks’ status to those of the major global investment institutions...
Guggenheim, Indian Infrastructure trade stakes
US-based Guggenheim Partners has reportedly taken a 46% stake in infra asset manager Infrastructure India in a deal completed through the exchange of stakes in each other’s portfolio companies.
MBK exits Gala TV to EQT
EQT Greater China has acquired MBK Partners-backed Taiwanese cable television company Gala TV in the latest big-name media deal out of the country. The buyout firm did not disclose the deal price, but affirmed that the capital came from its $535 million...
Chinese food groups are outdoing PE in industry M&A
Formidable Chinese corporations have garnered attention for their rising status and robust earning potential, but major players have largely been slow to acquire global brands, much less act as rivals to global PE firms in target acquisitions. That may...
First Reserve opens in Asia with MD Paton
Energy-focused First Reserve Corp. has launched in Asia via an office in Hong Kong, the latest global firm to be drawn to the region in search of investment prospects.
Sequoia departures put question mark over fund's future
Four of Sequoia Capital India’s founding partners have resigned from the VC firm to set up a new fund, which will focus on domestic PIPE transactions.
VCs inject $20m into Chinese digital media firm
Oak Investment Partners has led a $20 million Series B round of growth capital financing into Beijing-based digital advertising and media aggregator Yoyi Media. Existing investors Steamboat Ventures and Gobi Partners also participated in the round.