Articles by Anita Davis
Carlyle divests China Pacific Insurance
Days after The Carlyle Group announced that it would sell $860 million worth of shares in China Pacific Insurance, the third-largest insurer in the PRC, the US buyout giant declared that it will offload an additional 415 million shares in the company,...
TA promotes Wadhera to Principal
Director of TA Associates Naveen Wadhera has been promoted to the role of Principal, but will be maintaining the role of Director of the firm’s Mumbai office where he oversees investments in India and other emerging markets.
SAIF considers Specialty Restaurant options
Despite reports suggesting that SAIF Partners is considering boosting its stake in food services firm Speciality Restaurants from 12% to 20%, an executive from the firm has told AVCJ that an equity boost is only one option being considered to fund the...
Karbonn hunts PE backing - reports
Indian handset brand Karbonn Mobiles is reportedly seeking $50 million from American PE firms Accel Partners and Mount Kellet Capital.
KKR plans a $1.5 billion India-focused fund
PE major Kohlberg Kravis & Roberts (KKR) has reportedly begun the process of raising a $1.5 billion India-focused fund, with the firm’s founder Henry Kravis said to be in the country drumming up support for the vehicle.
Gobi Partners invests in the clouds
Tech-focused VC firm Gobi Partners and Singapore-based EDBI Investments have injected $6 million into cloud computing provider Cloudpic Singapore, with the capital slated to enable Cloudpic’s expansion across Asia.
Zephyr Peacock targets $150 million for third fund
New York-based Zephyr Management’s India-focused PE arm, Zephyr Peacock, is set to raise a $150 million fund – its third and largest – targeting global investors.
Taiwan's Development Financial Holding Corp. aims for Mainland VC fund
Taiwan’s Development Financial Holding Corp. has set its sights on a multi-million-reminbi-denominated venture capital fund, aiming to launch a Chinese vehicle once PRC regulations allow Taiwanese institutions to establish such funds in the Mainland....
MD of Carlyle's buyout team Ranjeev Gupta exits firm
Managing Director and Head of Carlyle India’s buyout team, Ranjeev Gupta has resigned from the firm after five and a half years.
Fortress appoints Kang as Asia President
Hedge fund and alternative assets manager Fortress Investment Group has appointed Thomas Chan-Soo Kang as President of Fortress Asia, charged with overseeing business development, strategy and administrative duties across Asia. The move comes less than...
Baring invests $90 million in Indian boiler manufacturer
Baring Private Equity India has invested $90 million in boiler maker Cethar Vessels for an unspecified minority stake, with capital earmarked to be used to expand Cethar’s facilities. Cethar, India’s second-largest boiler manufacturer, currently produces...
Leopard Capital takes 33.7% stake in Cambodian MFI
The Cambodia-based private equity firm announced that it has invested an undisclosed sum in Intean Poalroath Rongroeurng (IPR), a Cambodian microfinance firm, in return for a 33.7% equity stake.
Tata Power cancels $300 million deal with Olympus Capital
Six months after Olympus Capital Holdings Asia inked a deal to buy $300 million worth of shares in Tata Power’s coal special purpose vehicles (SPVs) Bhira Investment Ltd. and Bhivpuri Investment Ltd., Tata has rescinded the deal on the grounds that specific...
Blackstone among suitors for Australia's Centro Properties
Debt-burdened Australian shopping mall owner Centro Properties Group is entertaining an acquisition bid from the Blackstone Group for its more than 700 Australian, New Zealand and US properties, with other PE majors also said to be eyeing the assets....
Patni deal delayed - reports
Following initial reports that private equity consortium Apax Partners and iGate had been selected to buy a 63% stake in IT services firm Patni Computer, besting a rival bidding team led by the Carlyle Group and Advent International, latest reports suggest...
SGX, ASX overcome first regulatory hurdle
The Australian Consumer and Competition Commission has given its blessing for a merge between the Singapore Stock Exchange (SGX) and the Australian Securities Exchange (ASX), bringing the regional bourses a step closer to closing the A$8.4 billion ($8.3...
Clearwater Capital sells Oz's Griffin Coal to Lanco
Clearwater Capital Partners has sold Griffin Coal Mining Company and Carpenter Mine Management to Lanco Resources Australia, a division of Indian energy firm Lanco Infratech, for an estimated A$750 million ($743 million), according to local reports.
Actis, GIC invest $77 million in GVK Energy
One month after Indian power giant GVK Energy received a $182 million investment from 3i India, Actis and SWF the Government of Singapore Investment Corporation (GIC) have also pledged $77 million in the company.
Campbell Lutyens opens in Hong Kong
Private equity and infrastructure advisory firm Campbell Lutyens has opened an office in Hong Kong, headed by Partner and Head of Asia Pacific Conrad Yan.
China Development Bank to launch fund of funds
Government-owned China Development Bank is set to take on the role of limited partner, launching China's first fund of funds worth a reported RMB60 billion ($9 billion).
Sequoia leads $30 million round in iYogi
Sequoia Capital India has led a $30 million round of funding into independent tech support firm iYogi, as part of a process that also included existing investors Canaan, SVB Capital Partners, SAP Ventures and Draper Fisher Jurvetson.
Patni Computer Systems nearing a PE takeover deal - reports
Two PE-led teams, iGate-Apax Partners and Carlyle-Advent International, are reportedly nearing the end of their race to acquire Patni Computer Systems, one of India’s largest IT services companies, according to local reports.
SCM Strategic Capital Management appoints Morgan Stanley's Al Paas to board
SCM Strategic Capital Management has named Head of Morgan Stanley’s Shanghai office Al Paas to its board of directors.
KKR invests in Chinese liquor store chain
Kohlberg Kravis Roberts (KKR) has invested in China’s largest liquor chain, VATS Liquor Store, for an undisclosed amount or stake.