Articles by Alvina Yuen
TA-backed SpeedCast acquires Dutch satellite provider
SpeedCast, a Hong Kong-based satellite communications service provider backed by TA Associates, has completed a buyout of Elektrikom Satellite Services, a maritime network service provider based in the Netherlands. This is the company’s second acquisition...
CVC ropes in Temasek, AIG for Matahari sale - report
CVC Capital Partners is reportedly roping in Temasek Holdings and American International Group (AIG) as cornerstone investors for its $1.5 billion partial exit from Indonesia's Matahari Department Store. The size of the offering could represent as much...
IFC to increase stake in Morgan Stanley-backed China Flooring
International Finance Corporation (IFC) will extend a loan to China Flooring Holding Company, a Hong Kong-listed firm backed by Morgan Stanley Private Equity Asia. The loan will consist of a term loan of up to $30 million and a convertible loan of up...
CITIC PE's Yibing Wu confirmed as chairman of Goldstone
Yibing Wu, president of CITIC Private Equity, has been confirmed as chairman of Goldstone Investment, the direct investment arm of CITIC Securities, following months of speculation.
Project Europe: China targets high-end manufacturing
Chinese strategic investors are bidding up manufacturing assets in Europe. There is room for PE players to participate, but they will generate value by identifying high-tech targets early in the value chain
Hony exits Hong Kong-listed Chaowei Power
Hony Capital has exited all its shares in Chaowei Power Holdings, a Chinese lead-acid battery manufacturer listed in Hong Kong, for HK$600 million ($77 million).
CalPERS sees 12% return on PE investments in 2012
The California Public Employees' Retirement System (CalPERS), the biggest pension fund in the US, reported a 12.24% return on its private equity investments in 2012, compared with a sector benchmark of 28.45%.
Aditya Birla makes partial exit from CARE Rating
Aditya Birla Private Equity has sold a 1.2% stake in Credit Analysis & Research (CARE), a newly listed Indian credit rating company, for INR310 million ($5.7 million). The firm originally owned 4.27% of the company.
CSRC to tighten surveillance on IPO applicants
The China Securities Regulatory Commission (CSRC), under the pressure to clamp down on corporate fraud, plans to introduce a formal examination process of the 2012 financial reports of companies seeking a public listing.
Fidelity invests in India's Richcore Lifesciences
Fidelity Growth Partners India has invested INR300 million ($5.5 million) for a majority stake in Richcore Lifesciences, a Bangalore-based enzyme developer.
VIDEO: Ralph Jaeger of Siguler Guff
Pockets of growth in lower-tier cities continue to present the most enticing opportunities for emerging markets investors, says Ralph Jaeger, managing director and co-portfolio manager of Siguler Guff’s BRIC Opportunities Funds
Apax exits IEE to Chinese investors
Apax Partners has agreed to sell Electronics & Engineering (IEE), a Luxembourg-based developer of specialized sensing systems, to a consortium comprising Chinese strategic investors and an international financial investor.
Actis invests in Chinese medical equipment manufacturer
Actis has entered China’s healthcare space by purchasing a significant minority stake in Nanjing Micro-Tech, a manufacturer of specialist medical equipment used in hospitals and surgeries.
Navis, Rabo see 1.9x return on Thai duck deal
Navis Capital Partners' exit from Thailand-based duck processor Bangkok Ranch marks the end of a 13-year holding period – among the longest in the firm’s portfolio.
China's B-share exodus
China International Marine Containers’ landmark B-share to H-share conversion could be the first of many such migrations. Does Hony Capital’s participation point to a role for private equity?
Private equity remains unregulated under China's new fund law
Private equity and venture capital have been omitted from China's revised Securities Investment Funds Law, which comes into effect in June. This means the asset class will remain largely unregulated.
KKR to put another $40m into United Envirotech
KKR has agreed to invest $40 million in United Envirotech (UEL), a Chinese water treatment and recycling solution provider. The private equity firm previously subscribed to $113.8 million convertible bonds issued by UEL in October 2011.
ICICI, Apollo raise $500m distressed fund – report
ICICI Ventures and Apollo Global Management have reportedly raised $325 million to invest in distressed Indian companies. The joint fund, namely AION, will eventually increase its corpus to $500 million.
PE-backed Ramky Enviro plans $200m IPO
Ramky Enviro Engineers, an Indian waste management company backed by Standard Chartered Private Equity and IL&FS Investment Managers, is planning a $200 million IPO to support expansion plans.
Navis acquires Vietnamese seafood processor
Navis Capital Partners has acquired a stake in Go Dang Joint Stock Company (Godaco), one of Vietnam’s fastest growing seafood processing companies, through its Singaporean subsidiary Panga Hold.
Unitus raises $8m for India seed fund
Unitus Seed Fund (USF) has raised more than $8 million for its seed-stage venture capital fund focused on start-ups serving India's low-income consumers.
Hony Capital's John Zhao becomes CVCA chairman
John Zhao, CEO of Hony Capital, has been elected to succeed Yichen Zhang, his counterpart at CITIC Capital, as chairman of the China Venture Capital and Private Equity Association (CVCA).
SVB provides loan to VC-backed Zoomin
SVB India Finance, a subsidiary of Silicon Valley Bank, has provided INR80 million ($1.5 million) in venture debt funding to Zoomin.com, an online digital photo printing and merchandise company backed by early-stage investors Sherpalo Ventures and First...
CapAsia to launch $350m infrastructure fund
Singapore-based Capital Advisors Partners Asia (CapAsia) is in the process of launching a new infrastructure fund to invest in projects across Southeast Asia. The fund - CapAsia ASEAN Infrastructure III - will start out with $100 million and eventually...