Articles by Anita Davis
Milestone to launch third India real estate fund
Milestone Capital has confirmed that the firm is set to raise an INR500 crore ($110 million) fund – its third – which is slated to invest in real estate developments located in India’s eight largest cities.
Nexus Venture leads funding into Indian coupon site
Nexus Venture Partners has led a $12 million round of VC funding into Mumbai-based Snapdeal.com, an India-focused digital coupon vender.
Providence among buyers of Sir Run Run Shaw's TVB stake
Chairman of the iconic Hong Kong entertainment brand Shaw Brothers, Sir Run Run Shaw, has sold his 26% stake in SAR broadcast major TVB to a group of investors including Providence Equity Partners – a deal said to be worth up to HK$10 billion ($1.3 billion)....
TPG among PE suitors targeting Time Technoplast
Several private equity funds, including TPG Capital, have approached Mumbai-based Time Technoplast, a maker of polymer products, to offer their services to raise capital, the company confirmed to local media.
EDBI leads $7m financing round into mobile ad firm
Singapore-based EDB Investments (EDBI) has led a $7 million round of institutional funding for mobile advertising aggregation firm Smaato, with existing shareholders including PE firm Aeris Capital also participating in the financing.
Carlyle acquires AlpInvest in first foray into FoF world
After nearly six months of speculation about who would acquire global fund of funds investor AlpInvest – until now held by two Dutch pension funds – the Carlyle Group has been announced as the chosen buyer, marking the PE giant’s first foray into the...
VIDEO: JP Morgan Asset Management's Lawrence Unrein
Lawrence Unrein, Global Head of JP Morgan Asset Management's Private Equity and Hedge Fund Groups, says that the global private equity industry learned a few lessons about its limits in the aftermath of the global financial crisis, and discusses how the...
VinaCapital arm opens in Cambodia
VictoryCapital, a unit of VinaCapital Group, has launched in Phnom Penh with the aim of injecting $100 million into the country via a Cambodia-specific fund.
Silicon Valley is back as China motors on
Two years ago Silicon Valley was preoccupied with the financial crisis. From Q2 2008- 2009, there was one IPO. VCs were looking at projects in the alternative energy, cleantech and life sciences spaces. “Social networking” was a known but unappreciated...
The Pragmatist
The Global Head of the Private Equity & Hedge Fund Groups for JP Morgan Asset Management spoke to AVCJ about the impact of US regulations on private equity in Asia, and how having a proper due diligence process saved the firm from regrets suffered by...
Dragon Capital clean energy PIPE in Laos
Laos’ position as an investment destination has been improved this week as state-backed Electricite du Laos Generation (EdL Gen) received its second private equity investment in so many weeks, with Dragon Capital purchasing $3.36 million worth of shares...
Next Capital's investee Onsite completes acquisition
Next Capital-owned contracting and recruitment services firm Onsite Rental Group has acquired Statewide Equipment Hire, a supplier of for-hire construction equipment, for A$70 million ($69.7 million).
Blackstone eyes first Indian real estate investment - reports
Blackstone is reportedly set to make its first real estate investment in India – an INR200 crore ($44 million) injection in a Bangalore-based firm’s project, according to the Business Standard - coming as the PE giant has been making advances in the property...
Unitas, Ontario Teachers may bow out in NZ Yellow Pages restructure
New Zealand’s encumbered Yellow Pages may overhaul its debt structure in a move that would minimize the company’s debt burden but would render its private equity owners Unitas Capital and Ontario Teachers Pension Plan completely void.
Temasek continues exit streak with Fortescue divestment
Singaporean sovereign wealth fund Temasek Holdings raised $877 million through the sale of its entire 4.1% stake in Australia’s third-largest iron ore miner Fortescue Metals Group to a group of overseas institutions.
TPG Fund V under-performs
Preliminary results suggest that the value of one of TPG’s buyout vehicles – its $17.4 billion Fund V – has diminished to less than 100 cents to the dollar by the end of 2010, the Financial Times first reported.
Mount Kellet invests in Vietnam's Masan Group
Private equity firm Mount Kellett Capital Management has injected $100 million in a unit of Vietnamese consumer-product and financial services holder Masan Group.
Temasek's India MD departs for Tata Capital
Managing Director of Temasek Holdings Advisors India, Padmanabh Sinha, has left the Singaporean sovereign wealth fund to assume the role of Senior Partner at Tata Capital, Sinha told local Indian media.
Carlyle approached for Taiwanese cable stake
The Carlyle Group has reportedly been approached by Taiwanese media owner Eastern Media International regarding the buyout firm’s 62% stake in cable television company ETTV, according to reports.
Komli Media gets $15m from existing investors
Norwest Venture Partners has led a $15 million round of funding in Mumbai-based digital media network Komli Media, with existing investor Helion Venture Partners also participating in the financing.
Swiss-Asia Financial Services to launch energy-focused PE fund – report
Singapore-based asset manager Swiss-Asia Financial Services is said to be raising €500 million ($671.7 million) for a Chinese power plant-focused private equity fund.
Dragon Capital invests $3.36m in publicly listed Electricite du Laos Generation
Dragon Capital has made the first investment from its Mekong Brahmaputra Clean Development Fund L.P., in the Laos state-backed hydro-electric power company Electricite du Laos Generation (EdL Gen), purchasing $3.36 million worth of shares in the company...
Paul Capital promotes Jason Sambanju to Co-Head of Asia
Secondaries investor Paul Capital has promoted Director of the firm’s Hong Kong bureau Jason Sambanju (pictured) to the role of Managing Director and Co-Head of Asia, jointly held with current MD Lucian Wu.
Standard Chartered Private Equity's Charles Huh
Charles Huh, Director with Standard Chartered Private Equity, discusses the business of investing in Korea off the back of AVCJ’s analysis on the state of North Asia’s PE landscape.