Articles by Alvina Yuen
Ownership issues trouble state-backed PE firms
Chinese private equity firms that count government-related entities among their shareholders face uncertainty over their financial obligations to the state
Beacon India acquires 1.3% stake in PE-backed construction firm
Beacon India Private Equity Fund, a $200 Million Indian growth capital vehicle, has acquired a 1.3% stake in NCC, a listed construction and infrastructure enterprise backed by The Blackstone Group and ChrysCapital Advisors. The transaction is worth INR216.4...
Sun Media, Harvest Fund to create $800m media fund
Chinese television production firm Sun Media Group has teamed up with Harvest Fund Management to create an $800 million private equity fund that will back local movies.
Sunshine Oilsands postpones Hong Kong IPO roadshow
Sunshine Oilsands, a Canadian oil exploration company backed by Hong Kong private equity firm Cross-Strait Common Development Fund as well as several Chinese state-owned enterprises (SOEs), is postponing its IPO roadshow to sometime next week.
IndiaHomes secures $4 million from existing VC backers
IndiaHomes, a Delhi-based property services company, has received $4 million from existing venture capital backers. The firm is seeking to raise another $6 million in the coming fiscal year.
PICC rolls out $158m industrial fund
The People's Insurance Company of China is reportedly setting up an industrial fund - the name of which suggests it will focus on the defense sector - worth RMB1 billion ($158 million) under its affiliate PICC Capital Investment Management.
Hutchison Whampoa to acquire Orange Austria
Hutchison 3G, a unit of Hong Kong conglomerate Hutchison Whampoa, agreed to acquire Orange Austria, a mobile telecommunication company owned by France Telecom and buyout firm Mid-Europa Partners.
Portman Holdings opens Hong Kong office
Portman Holdings, an international real estate company, has announced the opening of its Hong Kong office, with the hire of Stanley Chin as a managing director for Greater China.
Jones Lang LaSalle announces new Japan head
Jones Lang LaSalle has announced that Yoichiro Hamaoka will be stepping down from his role looking after Japanese business at the firm, while ex-Goldman Sachs exec Toshinobu Kasai will succeed him.
Warburg Pincus completes partial exit from Kotak Mahindra
Warburg Pincus completed a public market sell down of part of its holding in India’s Kotak Mahindra Bank on Wednesday. The private equity firm raised about $170 million through the transaction.
WestSummit Capital adds two partners
WestSummit Capital, a Chinese technology-focused growth capital firm, has added David Lam as managing director and promoted Elise Huang to partner, taking the firm’s number of partners to six.
Carlyle plans to sell part of HDFC stake - sources
Carlyle Group is said to be planning to sell 20 million shares in mortgage lender Housing Development Finance Corp. (HDFC). The exit could generate significant returns from the private equity firm's five-year investment in the mortgage company.
Singapore Medical to receive $4.5m from Kendall Court
Singapore Medical Group (SMG) will receive a SGD$5.6 million ($4.5 million) investment from Kendall Court, representing the private equity’s first foray into the healthcare sector.
TPG faces a challenge in Li Ning
TPG Capital worked its magic on women’s shoe retailer Daphne three years ago, but can it do the same for beleaguered Chinese sportswear chain Li Ning? Investors clearly hoped as much, with the Hong Kong-listed company’s stock rising 20% in response to...
Q&A: Hony Capital's John Zhao
Hony Capital has raised a total of $4 billion for its latest renminbi and US dollar funds. John Zhao, CEO of the Chinese private equity firm, tells AVCJ how he plans on spending it
Warburg Pincus promotes three Asia professionals to MD level
Warburg Pincus has named three new managing directors in Asia, including Zhiming Yue and Joe Gagnon in Hong Kong, as well as Nitin Nayar in Mumbai. It is part of a wave of promotions globally, which has seen nine senior professionals elevated to managing...
3i India invests $61m in Supreme Infrastructure
3i India will pay $61 million for a minority stake in a portfolio of four road companies held by Supreme Infrastructure India (SIIL), a Mumbai-based infrastructure company. The private equity firm will take a 49% stake in SIIL's subsidiary Supreme Infrastructure...
CITIC PE teams up with Sany to acquire Putzmeister - Updated
Sany Heavy Industry, the Chinese construction-equipment maker, and CITIC Private Equity will acquire Putzmeister, a German manufacturer of high-tech concrete pumps, in one of the largest China outbound deals involving a local private equity firm. CITIC...
CITIC PE teams up with Sany to acquire Putzmeister
Sany Heavy industry, the Chinese construction-equipment maker, and CITIC Private Equity will acquire Putzmeister, a German manufacturer of high-tech concrete pumps, in one of the largest China outbound deals involving a local private equity firm. CITIC...
BlackRock, DSP Group to roll out PE fund
BlackRock has teamed up with DSP Group, one of the oldest financial services firms in India, to set up a private equity fund which will target mid-sized companies.
Sequoia invests $3.9m in Indian recharge portal
Indian E-commerce portal Freecharge.in has raised INR200million ($3.9million) in its series A round of funding from venture capital firm Sequoia Capital.
Lok Capital's second fund closes at $65m
Mumbai-based venture capital Lok Capital has closed its second fund at $65 million, a social venture capital vehicle targeting microfinance providers directly as well as companies that support the microfinance ecosystem.
Comtec Solar to repurchase bonds from TPG for $77m
Chinese solar wafer manufacturer Comtec Solar will pay TPG Capital RMB491 million ($77 million) to repurchase convertible bonds and reduce its debt ratio.
India Infoline raises a $100m real estate fund
India Infoline Venture Capital Fund, the venture capital arm of the India Infoline group(IIFL), has raised a INR5 billion ($100 million) real estate fund. It is the brokerage's first foray into the private equity business.