Articles by Anita Davis
Insights from the India Web Seminar 2010
An online panel aired ahead of the 11th annual AVCJ India Forum explored the economic outlook for India, the abundance of uninvested capital in the market and difficulties for foreign firms in highly regulated sectors.
Youku files for US-based IPO, aiming for $150 million
China’s top online video site Youku.com, backed by VC firms including Chengwei Ventures and Maverick Capital, has submitted filings to the US Securities and Exchange Commission in hopes of launching an IPO that could garner up to $150 million – a process...
New Silk Road advisor Pitroda joins Symphony Technology Group
Special Adviser at Asian-focused PE firm New Silk Road Salil Pitroda has joined tech-focused firm Symphony Technology Group as Principal, charged with leading STG’s investment strategies and executions.
Kirkland & Ellis partner Debolt relocates to Hong Kong for private equity
Global law firm Kirkland & Ellis International has relocated PE-focused Partner Michel Debolt from London to Hong Kong to bolster its private equity practice in Asia.
MBK lands 2010's biggest exit with CNS
In October 2006, the month when Partners was labeled the frontrunner to buy 60% of Taiwanese cable giant China Network Systems (CNS) for $1.6 billion, the firm was dubbed ‘fledgling’ by one global financial publication.
Canada's Cordiant Capital to raise $1 billion for infrastructure
Canadian emerging markets PE, debt and infrastructure investment firm Cordiant Capital is set to raise $1 billion for a new infrastructure fund in developing markets worldwide, according to reports.
ICICI Venture sells RFCL to PE-backed Avantor Performance Materials
ICICI Venture has sold its 85% stake in Indian biotech firm RFCL to PE-backed chemical developer Avantor Performance Materials.
CVC denies PBL Media will launch IPO in March
CVC Capital Partners Asia Pacific has denied reports that it is looking to launch investee PBL Media on the public markets in March of next year, though representatives from the firm told AVCJ that they do not rule out an IPO in the future.
Fushi Copperweld's CEO, PE firm Abax make privatization offer
Electric cable and wire manufacturer Fushi Copperweld’s CEO Li Fu and Hong Kong-based PE firm Abax Global Capital Limited have jointly placed a bid to take NASDAQ-listed Fushi private, with Fu offering to purchase all the outstanding shares in the company...
Citigroup considers divestment of $570 million in CVC assets
Citigroup is considering offloading $570 million worth of assets in CVC Capital Partners as part of its effort to streamline its alternative assets business, according to global reports.
Baldassarre joins The Silverfern Group as MD
Merchant bank and private equity player The Silverfern Group has appointed Mark Baldassarre as MD of its Australian team, as part of the group’s ongoing expansion efforts through its merchant banking division.
Debt and restructuring offer new definitions of an old favorite
Media-transmission satellites, anhydrous industrial alcohol, thenardite mineral rock, Australian pubs and Vietnamese casinos are all among the reasons why industry insiders insist that there is very little to be worried about for Asia Pacific distressed...
The changing face of venture
With the US back on the radar as the market of choice for the best and brightest in TMT, where do Asian companies fit into the picture, and how are VC funds finding them early enough to make a profit?
Carlyle among suitors for Indonesia's Matahari hypermarkets - reports
The hypermarket chain of Indonesian retail giant Matahari is up for sale, and suitors including the Carlyle Group and South Korean retailer Lotte Shopping are reportedly in the running to acquire the emerging market’s second-largest supermarket operator...
Steamboat Ventures invests $10 million in Chinese luxury shopping site Shangpin
Steamboat Ventures has invested $10 million in shopping site Shangpin.com, according to an executive at the VC firm, as part of a second round of fundraising for the Chinese domain.
Wholesale website Lightinthebox gets $35 million from VC backers
VC firms TBP Capital, Ceyuan Ventures and GSR Ventures have injected $35 million into Chinese online wholesaler Lightinthebox, the company’s CEO Quji Guo has announced.
China Private Equity takes 40% of China iEducation
China Private Equity Investments Holdings (CPE) has taken a 40% stake in digital content provider China iEducation Group for $2 million – capital that will be used to restructure China iEducation’s operations and fund its expansion aspirations.
IL&FS fund fully exits ABG Shipyard, seeing 4x returns
IL&FS Investment Managers Ltd’s Leverage India Fund (LIF) has fully exited its five-year investee ABG Shipyard Ltd. (ABG) through the public markets, reporting 4x returns on its investment.
PE-invested Krispy Kreme Australia sees restructuring after financial setbacks
Doughnut market leader Krispy Kreme’s poor financial performance in Australia, where it is invested by Souls Private Equity, has prompted a month-long management restructuring process aimed at jumpstarting the retailer’s profits.
PE-invested Whitehaven Coal goes up for sale
Independent Australian coal mining corporation Whitehaven Coal, 27% invested by US PE firm First Reserve, will entertain acquisition bids in the light of ongoing interest from corporate suitors – a decision that could lead to an nearly A$3.5 billion ($3.4...
Warburg Pincus set to take stake in Quest Global, outbidding rival funds
Warburg Pincus is reportedly set to make a $60 million investment in aeroengineering and manufacturing consultancy Quest Global, coming one month after the PE industry’s biggest names entered the arena to take a stake in Quest.
Korea Finance Corp. may launch PE fund to buy investee Hynix Semiconductor
Government-run Korea Finance Corporation (KoFC) is contemplating the launch of a private equity fund that would acquire current investee Hynix Semiconductor Inc., the world’s second-largest memory chip manufacturer.
Pension funds butt heads in $7.4 billion takeover battle for Malaysian highway operator PLUS
Malaysia's Employees Provident Fund (EPF) has teamed with local infrastructure firm United Engineers Malaysia Berhad (UEM) Group - a fully owned subsidy of SWF Khazanah Nasional - to launch a MYR23 billion ($7.4 billion) takeover bid for Malaysian highway...
Abraaj Capital launches independent MENASA hedge fund
Middle Eastern PE major Abraaj Capital has launched an independent hedge fund business focused on public securities across the Middle East, North Africa and South Asia (MENASA).