Articles by Anita Davis
Overseas LPs welcome
Clifford Chance Partners explain what’s in store for foreign LPs looking to convert their currencies into reminbi for private equity investment under Shanghai’s new, liberalized QFLP pilot program
Prudential and Fosun form China PE fund
China's largest privately owned investment conglomerate, the Fosun Group, has teamed up with American insurance behemoth Prudential Financial Inc. (PFI) to launch a $600 million private equity fund of which Fosun will act as general partner. The aim,...
India's Ybrant gets $48 million in funding round
India-based digital marketing firm Ybrant Digital has received a $48 million round of financing from Oak India Investments and existing investors Hong Kong-based Asia Pacific Capital and ICICI Bank.
Aureos takes 33% stake in Philippines hospital
The Aureos South-East Asia Fund has invested $4 million in the Batangas-based Daniel O. Mercado Medical Center (DMMC), for a 33% stake.
TPG, Affinity-backed UTAC prepares for $400 million relisting
TPG Capital and Affinity Equity Partners-backed United Test and Assembly Center (UTAC), a provider of test and assembly services for semiconductor devices, is reportedly set to re-list on the Singapore Exchange with the aim of raising $400 million.
VIDEO: Oaktree Capital's Howard Marks
The difficulties surrounding Asian investing are shifting, making the territory as challenging to be involved in as compelling for Western funds, Howard Marks, Chairman of Oaktree Capital, tells AVCJ TV
General Atlantic's MD Raul Rai resurfaces at Fidelity Growth Partners - reports
Fidelity Growth Partners India has reportedly appointed General Atlantic Partners' recently departed MD Raul Rai as Managing Director, charged with heading its PE business.
Carlyle promotes Parasuraman to Director
US-based private equity giant The Carlyle Group has promoted Mahesh Parasuraman – currently a Vice President of its Asia Growth Fund based in Mumbai – to the role of Director, a firm spokeswoman said.
Morgan Stanley closes mezz fund
Morgan Stanley Investment Management has closed its first corporate mezzanine fund, Morgan Stanley Credit Partners, at $956 million after two years of fundraising.
China's Fosun Group, Prudential to launch $600 million PE fund
China’s largest privately owned investment conglomerate, the Fosun Group, is to launch a private equity fund with US insurance giant Prudential Financial, with the latter committing $500 million to the vehicle while Fosun injects $100 million.
Blackstone investee buys Norwegian firm
China National Bluestar, a government-run chemicals firm backed by the Blackstone Group, is set to purchase Elkem, a Norwegian maker of silicon and renewable energy products for $2 billion, marking one of the largest acquisitions of a European company...
AIG to sell Nan Shan to Taiwan's Ruen Chen
Months after the $2.15 billion sale of Taiwan’s Nan Shan Life Insurance to a PE-backed consortium including China Strategic Holdings and Primus Financial Holdings was rejected by regulators – with the questions regarding the companies’ long-term commitment...
VIDEO: PE leaders discuss the industry's challenges
In the lead-up to 2011, private equity leaders spoke to AVCJ about the biggest challenges they think the industry is facing, ranging from GP/LP relations to the wider economic environment
PRC government takes first measure to allow overseas PE investing
Shanghai is to be the first territory in China in which overseas investors will be allowed to convert their foreign currency into renminbi for the use of private equity investing, Shanghainese authorities announced.
Macquarie invests in Moser Baer project
The Macquarie SBI Infrastructure Fund is to take an INR5.8 billion ($129 million) minority stake in a New Delhi-based, 2.52 gigawatt thermal power project of Moser Baer, a domestic energy developer.
Tata terminates Olympus Capital deal
Tata Power, one of India's leading and most influential energy firms, has terminated its $300 million investment deal with Olympus Capital just six months after the parties – energized by the prospect of the high-stakes deal – brokered the transaction....
Walden International launches Fujian Haiyuan Automatic Equipments on the Shenzhen Stock Exchange
Walden International investee Fujian Haiyuan Automatic Equipments has launched on the Shenzhen Stock Exchange at a 30% premium to its initial offer price, at RMB18 ($2.70) a share to raise a total RMB3,742M ($561 million) on its first day of trading on...
CVC's Nine Entertainment nears IPO
CVC has named Goldman Sachs, Credit Suisse and UBS as its advisers for the intended public debut of Australian TV network Nine Entertainment, according to Australian reports, in a process that could come by the spring.
China Development Bank-led consortium takes stake in LDK Solar subsidiary
LDK Solar Co., a Jiangxi-headquartered manufacturer of solar energy-related wafers, has sold a 18.46% stake of its polysilicon manufacturing division to a consortium of investors, led by China Development Bank Capital Corporation, for $240 million.
Panshi IT gets $20 million from NewMargin
Shanghai-based venture capital firm NewMargin Ventures has invested $20 million in PRC digital marketing firm Panshi Information Technology.
Apax, iGate take Patni Computer for $1.22 billion
A private equity consortium comprising of Apax Partners and its investee iGate is to acquire a 63% stake in Mumbai-based IT services firm Patni Computer for $1.22 billion, news that comes one week after the finalized deal was initially supposed to be...
Citi VC exits Camelot
Citigroup Venture Capital International Growth Partnership and Citigroup Venture Capital International Co-Investment have officially exited their stakes in Camelot Information Systems, a provider of business solutions and IT services in China, as part...
Korean Development Bank to exit Korea Express
The Korea Development Bank (KDB) is reportedly set to fully sell Korean logistics major Korea Express by the middle of the year.
Leopard Capital takes stake in Laos hydro-power firm
Leopard Capital L.P., through its Leopard Cambodia Fund, has taken a 2.32% stake in the soon-to-be publicly listed Laos hydro-electric power company Electricite Du Laos Generating Company (EDL Genco).