Articles by Anita Davis
Everstone Capital makes $250 million first close of second fund
Indian PE firm Everstone Capital has raised $250 million in the first close of its Indivision India Partners II, its second private equity fund, marking the approximate half-way point towards its $550 million target before the end of the year, according...
SAIF gets juice from Huiyuan
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group from French food group Danone, purchasing the tranche for about $260 million, one year after the Chinese government foiled Coca-Cola Co.’s bid to acquire Huiyuan...
Singapore's MDA and Gobi Partners to launch $74 million fund
China-based VC firm Gobi Partners has signed a deal with Singapore’s Media Development Authority (MDA) to launch a S$100 million ($74 million) Singapore-based fund aimed at encouraging domestic digital media companies set up shop in the Mainland market....
Indian retailers aim to raise $100 million for new fund
A group of Indian retailers are set to launch a $100 million food-and-agriculture-focused private equity fund, titled I-Farm Venture Advisors, targeting suppliers and small- and mid-sized firms.
IFC may take 20% of microfinance firm Ananya
Indian microfinance firm Ananya Finance For Inclusive Growth is looking to raise $32 million in an effort to grow its operations, and may receive nearly 30% of that target from the World Bank’s International Financial Corporation (IFC), according to local...
Pravi Capital takes ICICI legacy on fundraising trail
Pravi Capital, launched by a group of former ICICI Venture executives, is reportedly looking to raise $200 million worth of growth capital for privately-held Indian companies, with fundraising slated to begin in the fourth quarter of this year.
IL&FS acquires Saffron Assets Advisors
IL&FS Investment Managers has acquired for an undisclosed amount the real estate-focused PE firm Saffron Assets Advisors, which has $400 million under management, bringing the total assets under IL&FS’ management to $3.2 billion and securing its spot...
Silver Lake to buy Allyes from China's Focus Media
Global PE firm Silver Lake is set to take a 62% stake in digital ad service Allyes Online Media Holdings Ltd. in a $124 million deal that sees power for the company transfer from China’s Focus Media Holding Ltd., which fully purchased Allyes in 2007....
Woori auction to be managed by three investment banks
Two Korean investment banks and one foreign player are expected to be selected to manage the 6.7 trillion won ($5.7 billion) auction for the government’s 57% stake in Woori Financial Holdings, the country's third-largest banking group that will undergo...
Baring India to broaden focus to include real estate
Baring Private Equity Partners India is slated to start investing in the market’s real estate sector, adopting it as a focus sector along with India’s IT, healthcare and financial industries, according to reports.
Subramaniam recruits partners at newly launched MCap
Former Baring Private Equity Partners India executive N. ‘Subbu’ Subramaniam has recruited former Chief Risk Officer for Citigroup India Rahul Gupta and former Director at real estate consultancy DTZ Abhilash Lal to join him at his newly-launched MCap...
PEP-backed REDgroup faces covenant setback
Just months after it was touted as a strong candidate for a public float, private equity-backed New Zealand book retailer REDgroup Retail is expected to breach two out of three of its banking covenants, due to its inability to pay back lenders under the...
CVCI makes 90% exit from India's KS Oils
Citigroup Venture Capital International (CVCI) has reportedly exited 90% of its 4.95% stake in cooking oil company KS Oils for INR93 crore ($19.9 million).
Primus-backed EON sets vote date for Hong Leong bid
Primus Pacific Partners-backed EON Capital Bhd., a Malaysian lender, has been given until August 19 to decide on its acquisition by Hong Leong Bank, which launched a $1.6 billion bid for the company.
SAIF Partners buys 22.98% stake in Huiyuan Juice Group from Danone
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group, for approximately $260 million, more than one year after the Chinese government foiled Coca-Cola Co.’s bid to acquire Huiyuan for $2.4 billion.
Kotak PE to take minority stake in India's Diamond Power
Kotak Private Equity may take up to 10% in Indian power transmission and services company Diamond Power Infrastructure Ltd. for an undisclosed amount.
Angel Broking seeks PE capital
Indian stock broking and wealth management firm Angel Broking has reportedly approached private equity firms to raise $64 million through the sale of a minority stake.
CDC to invest $30 million in India's Multiples
UK government-owned CDC Group, which supports economic development across India, has committed $30 million to Multiples Private Equity Fund I, the vehicle focused on investments across the country’s business sectors launched by former ICICI Venture head...
JPMorgan's Southeast Asia, India PE head Panandiker exits
MD of JPMorgan's private equity division in Southeast Asia and India, Vibhav Panandiker, has quit the bank a year and a half after assuming his role.
Haldia Coke gets $26.6. million from Gaja Capital Partners
Mumbai-based PE firm Gaja Capital Partners has invested INR125 crore ($26.6 million) into Haldia Coke & Chemicals Pte. Ltd., a producer of metallurgical coke, with the aim of expanding its mining, metallurgical coke and power-production operations.
ICICI Venture may offload stake in I-Ven Medicare
ICICI Venture is reportedly set to exit a large portion of its healthcare arm I-Ven Medicare India Pvt. Ltd. – which is further a component of its India Advantage Fund Series 2 - and is said to be in talks with Mumbai-based PE firm India Value Fund Advisors...
Yellow Pages auction up a gum tree?
Unitas Capital and Ontario LP direct investment major Teacher’s Private Capital are reportedly hunting for buyers for New Zealand’s Yellow Pages Group, having launched a sale process for the estimated $700 million asset – more than 50% lower than the...
White & Case hires Olier in Singapore
Former PE- and M&A-focused solicitor at Clifford Chance Jonathan Olier has joined law firm White & Case LLP in its Global Mergers & Acquisitions Practice as Counsel in Singapore.
BanyanTree closes $100 million maiden fund
Mumbai-based fund manager BanyanTree Capital Advisors has closed its BanyanTree Growth Capital fund, reportedly the company’s maiden vehicle, at $100 million, according to some reports.