Articles by Alvina Yuen
Warburg forms JV to restructure Titan subsidiary
Warburg Pincus has formed a joint venture with SouthernPec Corporation as part of a restructuring proposal to the liquidators of Titan Group Investment Limited (TGIL), a business jointly owned by Warburg Pincus’ affiliate Saturn Storage and Hong Kong-listed...
Yimou Zhang sets up $315m personal film fund - report
Leading Chinese filmmaker Yimou Zhang has reportedly been raising a private equity fund with Kunhong Media, a private investment manager focusing on the entertainment industry, in the last six months. The target size of the fund is RMB2 billion ($315...
StanChart PE invests $15m in IFC-backed Craftsman Auto
Standard Chartered Private Equity (SCPE) has invested INR850 million ($15.4 million) for a minority stake in Craftsman Automation, a Coimbatore-based multi-product engineering company. Craftsman Automation will use the money to expand its manufacturing...
Mercatus invests in India's PurpleStream Convergence
PurpleStream Convergence, a Chennai-based video streaming services provider, has raised funding from Mercatus Capital and content producer Hub Media.
China oil trader agrees to buy control of Warburg-sued Titan
China's Guangdong Zhenrong Energy, an oil and commodity trader partly owned by state-run Zhuhai Zhenrong Corp, has agreed to pay HK$175 million ($22.57 million) for a controlling stake in Hong Kong-listed Titan Petrochemicals, a debt-laden shipping and...
Daewoo to sell $1.1b Kyobo Life stake to Affinity-led PE group
A group of investors led by Affinity Equity is buying a KRW1.2 trillion ($1.1 billion) stake in unlisted Kyobo Life Insurance, the smallest of South Korea’s Big Three life insurers, from Posco-owned Daewoo International.
Bain in bumper $1b deal for India's Genpact
Indian business process outsourcing (BPO) firms, once a prime target for private equity investment several years ago, have inevitably become a hive of exit activity. The Blackstone Group last year sold its 66.25% stake in Intelenet Global Services to...
China grants private equity an A-share investment platform
China’s securities regulator has loosened restrictions on participation in the Qualified Foreign Institutional Investor (QFII) program and opened the door to private equity firms. Do they want to go through it?
Accura Infotech in talks to raise $36m from PE firms
Mumbai-based Accura Infotech, which installs automated teller machines (ATMs), is in advanced talks with private equity investors to raise up to INR2 billion ($36 million) to set up and operate ATMs for public sector banks in Uttar Pradesh. The company...
Asia Alternatives raises $1.5b, closes third fund
Asia Alternatives has raised $1.5 billion to invest in private equity and venture capital across Asia. The corpus is divided between $908 million for its Asia Alternatives Capital Partners III vehicle and another $600 million in separate accounts. This...
Daewoo to set up $1b fund with US partner
South Korean brokerage Daewoo Securities’ Hong Kong unit has reportedly teamed up with a US-based private equity firm to set up a $1 billion fund to invest in social infrastructure projects.
Australian tech entrepreneurs to create VC fund
A group of Australian technology entrepreneurs have joined forces to create a new venture capital fund, Blackbird Ventures.
Motilal Oswal PE in $87m second close on new fund
Motilal Oswal Private Equity has reached a second close of INR4.86 billion ($87 million) on its India Business Excellence Fund II, with Squadron Capital reportedly among the investors. The fund is expected to achieve a final close by the end of the year....
Mandarin Capital warned CDB ahead of Suntech fraud scandal
Sino-Italian PE player Mandarin Capital Partners advised China Development Bank (CDB) as early as three years ago that it shouldn't invest in Suntech Power Holdings' southern Italy initiative due to concerns about fraud. The Chinese solar company has...
China arbitrator dispute leaves foreign investors uneasy
The China International Economic and Trade Arbitration Commission (CIETAC), the national body responsible for resolving commercial disputes, has suspended its Shanghai and Shenzhen branches. The move has provoked concerns among foreign investors over...
L Capital signs up Indian designers for new fashion venture
L Capital is in talks with India’s top designers and Evoluzione, a local retailer, to set up a fashion venture which will consolidate separate designer names. The PE player, part of luxury group LVMH, will invest INR2 billion ($35.9 million) in the entity....
Australia's QIC to use Burgiss Group PE software platform
QIC, one of the largest institutional investors in Australia, has deployed a private equity software platform designed by The Burgiss Group, a New Jersey-based software solutions provider.
INFUSE Ventures launches cleantech incubation program
Indian Fund for Sustainable Energy Ventures (INFUSE Ventures), an early-stage fund focused on sustainable energy and cleantech, has launched a program in the Indian Institute of Management Ahmedabad to foster start-ups that require seed capital.
India's Vistaar receives $7m from VC players
Bangalore-based small enterprise financing company Vistaar Financial Services has raised INR400 million ($7.1 million) in Series B funding from Lok Capital and Omidyar Network as well as existing investors Elevar Equity and SVB Capital Partners.
China's NDRC backs Gobi's second RMB fund
China’s National Development Reform Commission (NDRC) has invested RMB50 million ($7.9 million) in Gobi Partners' second renminbi-denominated fund. The latest injection takes the Yingzhi RMB Fund to RMB350 million in size.
Baring, ICICI Venture plan Karvy exit – report
Baring Private Equity Asia and ICICI Venture Funds Management, the private equity arm of India’s ICICI Bank, are reportedly in talks to sell their 31% stake in Karvy Stock Broking (KSBL).
Bain Capital to buy 30% stake in Genpact for $1b
Bain Capital has agreed to buy 30% of Indian business process outsourcing (BPO) company Genpact from Oak Hill Capital and General Atlantic (GA) for $1 billion. The sellers will still own 10% of the firm when the deal closes.
Ping An launches $157m venture capital fund
Ping An Insurance, the world's second-largest life insurer by market value, has established a RMB1 billion ($157 million) venture capital fund. It will target sectors including financial services, consumer products, healthcare, automobiles and tech, media...
SBI commits $3m to Indian e-learning provider
SBI Holdings has invested more than $3 million in to India’s Liqvid, an online content provider that specializes in English language training. SBI Ven Capital Singapore's Brijesh Pande will join the Liqvid board.