Articles by Anita Davis
Nisshinbo buys Germany's TMD Friction from Pamplona Capital
London-based PE firm Pamplona Capital Management has exited its stake in German friction materials manufacturer TMD Friction to Japanese auto component maker Nisshinbo Holdings (NISH) for an undisclosed sum.
Hiroyuki Watanabe to launch tech-focused venture fund
Former general manager of internet services firm NGI Group Hiroyuki Watanabe has spun out to launch a maiden venture fund.
Aeon nears acquisition of bankrupt Incubator Bank of Japan
Aeon Bank, a unit of the retail and financial conglomerate Aeon Group, is in the final round of talks to purchase the bankrupt Incubator Bank of Japan, The Nikkei reported.
Accel cancels plans for $400m India fund - report
Silicon Valley-based VC firm Accel Partners will not raise a $400 million India-focused fund as previously planned, The Times of India reported, citing unstable market conditions and increased competition as reasons for the decision.
Mayfield appoints venture advisors in India
Tech-focused Mayfield Fund has bolstered its investment team with the appointment of two venture advisors, including Sunil Singh, who will be based in India.
Malaysia's Khazanah in running for Turkish hospital owner
Malaysian sovereign wealth fund Khazanah Nasional is reportedly negotiating for a stake in Acibadem, the Turkish hospital group 92%-owned by Almond Holding AS. Almond is a joint venture between Abraaj Capital and Turkey’s Aydinlar family.
Affinity-backed Colorado Group emerges from receivership
Colorado Group, the Affinity-backed clothing retailer taken into receivership earlier this year, is set to emerge from administration under the name Fusion Retail Brands.
Former ChrysCapital MD seeks $350m for new fund
Former managing director of ChrysCapital Brahmal Vasudevan is targeting $350 million for a spin out fund focusing on emerging markets in India and Southeast Asia.
Japan's SBI Holdings launches Cambodia investment fund
Japanese financial group SBI Holdings has teamed with Cambodia’s largest conglomerate Royal Group to launch a private equity investment vehicle predominantly targeting Cambodian companies.
Foster's accepts SABMiller takeover bid
SABMiller is to acquire Australian brewing giant Foster’s Group for A$9.9 billion ($10.2 billion). The takeover comes three months after Foster's Group rejected an A$9.5 billion bid by the UK label, branding it as too low.
IFC eyes investment in Indian SME-focused fund
IFC is set to commit $15 million to Forum Synergies (India) PE Fund Managers’ new vehicle, India Knowledge-Manufacturing Fund I, which has targeted a $150 million raise.
Fortis ends bid for Turkish hospital owner Acibadem
Indian hospital operator Fortis Healthcare International has reportedly ended negotiations to purchase Acibadem, a Turkish hospital 92%-owned by Almond Holding AS. Almond is a joint venture between Abraaj Capital and Turkey’s Aydinlar family.
Beijing software company gets Series B funding
800App, a Beijing-based CRM software services firm, has received a Series B round of funding from Salesforce.com, as well as from existing investor Sierra Ventures.
CDIB Capital appoints Victor Gao as MD
CDIB Capital has appointed Victor Gao, China head at Greater Pacific Capital, as a managing director based in Hong Kong, charged with leading the firm’s private equity investments in mainland China.
Maarten Ruijs: An enduring interest in Asia
Maarten Ruijs, managing partner & chief investment officer of CVC Asia Pacific, reflects on coping with the global economic downturn and explains why he’s in Asian private equity for the long haul
Zhenai receives backing from Match.com
Match.com hopes that Chinese dating website Zhenai.com is an investment match made in heaven.
Investors in the dark on Indonesian bank ownership
Foreign investors in Indonesian banks might soon face a conundrum: After years spent working to establish a local presence in the market, they may be forced to sell down.
Advantage Partners makes second Chinese investment
Advantage Partners has invested approximately JPY1.5 billion ($19.7 million) in Hisense Broadband Multimedia Technologies (HBMT), a manufacturer of broadband multimedia consumer electronics, The Nikkei reported.
Blackstone poaches Yi Luo from Carlyle - report
Blackstone Group has poached Yi Luo, a managing director at The Carlyle Group, to bolster its dealmaking team in China. Luo will assume the role of senior managing director based in Shanghai and report to Blackstone Asia head Michael Chae, sources close...
Boston-Power gets backing from Chinese government, GSR-led consortium
The Chinese government, in partnership with GSR Ventures and existing investors Oak Investment Partners and Stockholm-based Foundation Asset Management, has invested $125 million in lithium-ion battery maker Boston-Power.
Blackstone, Carlyle interested in Reliance Infratel - report
Blackstone Group and The Carlyle Group have jointly expressed interest in bidding for up to 95% of Reliance Communications’ cellular tower business Reliance Infratel, The Times of India reported. It comes one month after the buyout firms were first approached...
Axis divests stake in Vishwa Infrastructures to Olympus Capital
Axis Infrastructure Fund I has exited an undisclosed “significant minority stake” in Hyderabad-based Vishwa Infrastructures and Services to Olympus Capital Holdings Asia for more than INR2 billion ($42 million).
Origo looks to exit Gobi Coal and Energy
The owners of Mongolian mining firm Gobi Coal and Energy, which include Beijing-based Origo Partners, are looking to sell the asset for as much as $750 million. Bids are due mid-October, and Goldman Sachs has reportedly been hired to facilitate the sale....
Milestone leads $23m funding round in Xinhua Travel
Milestone Capital has led a $23 million round of funding in Chinese online travel services firm Xinhua Travel, which will be used for the company’s expansion.