Articles by Anita Davis
VC-backed Tudou plans for $150 million IPO
VC-backed Chinese online video major Tudou.com is set to make its public debut on NASDAQ in Q1 2011, with the aim of garnering between $100-150 million from its listing.
AVCAL reveals standstill in buyout fundraising ahead of new taxes
As Australia awaits the announcement of new tax regulations on private equity profits, the Australian Private Equity & Venture Capital Association (AVCAL) has released a study delineating how uncertainty over the new laws has already affected the market’s...
Perpetual brands KKR's $1.73 billion takeover bid as low, yet considers deal
Australian investment group Perpetual Ltd. has branded the $1.73 billion takeover offer by Kohlberg Kravis Roberts & Co. (KKR) as too low, but has said that it will continue negotiations in possible hopes of eliciting a higher bid.
VC-backed PRC tutoring firm TAL Education makes strong NYSE debut
Tiger Global Management- and KTB Ventures-backed TAL Education Group, a Chinese tutoring firm, raised $120 million from its debut on the New York Stock Exchange, outperforming expectations as it closed 50% higher than its IPO listing price.
Lazard hires Kwon as MD and Head of investment banking in Korea
Lazard Ltd has appointed Deutsche Bank’s former MD and Head of M&A for Korea, Hong Kong and Taiwan, Youngbum Kwon, as its Managing Director and Head of Korean Investment Banking.
Archer Capital-owned DairyWest buys Brownes from Fonterra
Archer Capital-owned Australian dairy player DairyWest is set to acquire Perth-based dairy producer Brownes from sector giant Fonterra for an undisclosed price.
Silver Lake does first China cleantech deal with Nobao Renewable Energy
Tech-focused PE firm Silver Lake has made its first foray into China’s cleantech sector, investing in Shanghai-based Nobao Renewable Energy Holdings for an undisclosed amount.
Temasek divests 9.6% stake in Hana Financial Group
Singaporean SWF Temasek Holdings has fully exited its 9.6% stake in Korean banking major Hana Financial Group for $607 million on the public market, at an approximate 3.5% discount to Hana’s last closing price.
Entrepreneur Ajay Piramal may sell PE fund to international PE players
Indian entrepreneur Ajay Piramal, associated with pharmaceutical and real estate deals, is reportedly set to exit his real estate PE firm Indiareit Fund Advisors, via a sale to PE firms and other international finance institutions.
SBI-Macquarie Infra Fund investee Viom Networks to file for IPO
Indian telco player Viom Networks, backed by the SBI-Macquarie Infra Fund, is set to launch its IPO in Q1 next year, aiming to raise as much as $1.5 billion.
ICICI Venture's infra fund to be buoyed by overseas investors
ICICI Venture has turned to overseas LPs to finance up to $750 million of its $1 billion infrastructure fund, according to reports, which is slated to go toward India’s roads, ports and airports once deployed.
PEP's Hoyts cinema group acquires AMC
Pacific Equity Partners (PEP)-owned Australia cinema group Hoyts is to acquire rival group AMC for an undisclosed price – a development that comes two months after PEP announced the postponement of Hoyts’ IPO due to volatile market conditions.
Mekong Capital partially exits restaurant owner Golden Gate
Vietnam-based Mekong Capital has partially exited its stake in hotpot restaurant operator Golden Gate Joint Stock Company, seeing a 3.6x return on its less-than three-year-old investment.
Microfinance in India: helping or hurting?
The landscape for microfinance institutions (MFIs) in India has shifted in light of new legislation in the leading microlending region of Andhra Pradesh, intended to curb over-aggressive debt collecting tactics.
Citadel latest to exit stake in Pipava Shipyard
Global hedge fund Citadel is the latest Pipavav Shipyard investor to exit a stake in the company, selling a 2.06% stake in the Indian shipbuilder for INR103.8 crore ($23.5 million) in the public market.
Marcel Erni of Partners Group
The question of GPs’ long-term experience in Asia is among LPs’ biggest concerns, says Founder and Vice Chairman of Partners Group Marcel Erni, adding that funds are largely still looking to prove that their model can work in “difficult cycles.”
Matrix Partners hands $11.3 million to Centre for Sight
Matrix Partners has invested INR50 crore ($11.3 million) in New Delhi-based eyecare specialist Centre for Sight, enabling the hospital chain to expand its operations across India via acquisitions and the launch of new facilities.
Elara, Cresta Fund invest India's Su-Raj Diamonds
Institutional investors Elara Capital and Cresta Fund have jointly invested INR35 crore ($8 million) for a 7.4% stake in Su-Raj Diamonds and Jewellery, in addition to issuing warrants that will enable the company's promoters to raise an an extra INR23.8...
Carlye, KKR, Warburg Pincus ready as India's Hero Honda deal restarts
US PE majors the Carlyle Group, Kohlberg Kravis & Roberts (KKR) and Warburg Pincus are in line to take a 15-18% stake apiece in India's Hero Honda Motors, coming as Japanese auto maker Honda nears its exit from the JV.
KKR makes up to $1.73 billion bid for Australia's Perpetual
Kohlberg Kravis Roberts & Co (KKR) has made an up to A$1.75 billion ($1.73 billion) bid for Australian investment group Perpetual Ltd., offering between A$38-$40 ($37-39) a share for the company.
Spain's Insolux Corsan hunts $100 million for Indian highways
Spanish construction firm Isolux Corsan is seeking up to $100 million worth of PE backing for infrastructure projects in India, local reports note, in addition to the more than EUR1 billion ($1.4 billion) it has already allocated to highway projects in...
Indian regulators consider legislation to curtail microfinance debt-collecting
Indian regulators have proposed legislation intended to curb over-aggressive debt collecting procedures by microfinance institutions (MFIs) following a series of suicides by borrowers who were allegedly hounded by their lenders.
Symphony-backed Zenith Pharmaceuticals exits nine-year investee Strides Arcolab
Zenith Pharmaceuticals, the majority-owned asset of Symphony Capital, is nearing the completion of its exit from Indian pharmaceutical firm Strides Arcolab, with reports that Zenith is poised to see 5.7x returns on its nine-year investment.
South Australia set to close government-backed start-up investor Playford Capital
The South Australian government is set to close its 12-year-old technology seed capital venture Playford Capital.