Articles by Maya Ando
SBI makes first foray into Cambodia
Japanese Financial Group SBI Holdings has entered Cambodia through the creation of a private equity fund in partnership with Royal Group, the country’s largest conglomerate. It is SBI’s second overseas joint venture vehicle this year, following the formation...
Hisense unit makes two for Advantage in China
Japanese buyout firm Advantage Partners has made its second investment in a Chinese company, injecting approximately JPY1.5 billion ($19.7 million) into Hisense Broadband Multimedia Technologies (HBMT).
Chinese online game developer to launch VC fund
Perfect World, the NASDAQ-listed online game developer, will launch a venture capital fund focusing on the technology, media and telecommunications sectors.
Hony makes first QFLP investment
Hony Capital has made the first investment under Shanghai's Qualified Foreign Limited Partner (QFLP) program. The firm has reportedly agreed to invest in Shijiazhuang Hongray Group, a disposable gloves manufacturer. Financial details were not given.
Indiareit Fund invests in luxury residential project in Mumbai
Indiareit Fund Advisors, a private equity real estate fund backed by Indian entrepreneur Ajay Piramal, has reportedly invested INR2 billion ($43.8 million) in a luxury residential project in Mumbai, which has been developed by Omkar Realtors and Developers....
Barclays Capital hires Morgan Stanley's Andrew Richards to head Asia PE
Barclays Capital had reportedly headhunted Europe-based Morgan Stanley managing director Andrew Richards to head its private equity unit in Asia Pacific.
Korea Teachers Pension Fund to invest $50m in local PE, VC
The Korea Teachers Pension Fund (KTPF) reportedly plans to invest KRW54 billion ($50.7 million) in 3-5 domestic venture capital and private equity firms in September.
Actis hires new director to manage portfolio companies
Emerging-market investor Actis has appointed Vincent Low, previously a general manager at Momentive Performance, as director of its value creation group.
Japan's airlines explore budget options
The next 18 months will see Japan finally fall in with what has become an established trend regional and global aviation and roll-out low cost carriers (LCCs). Private equity has featured in the development of these airlines in Asia, notably Malaysia-based...
ETIC becomes largest shareholder in Japanese engineering firm
Enterprise Turnaround Initiative Corp of Japan (ETIC) has underwritten 150 million of common shares issued by ARRK, a listed company engaged in die and mold engineering, worth JPY9 billion ($117 million).
Bendigo-led consortium invests in Akatsuki Financial
A consortium led by Bendigo Partners has made a strategic investment in Akatsuki Financial Group, a Japan based mid-sized financial services firm, specializing in retail brokerage and asset management. Financial details were not announced.
China, India lead global emerging markets for PE activity
India and China accounted for 54% of private equity transactions completed in emerging countries in the first half of 2011, according to a report by the Emerging Market Private Equity Association.
Infinity establishes RMB and USD funds in Chongqing
Infinity Group, an Israel-based privat equity firm created by China Development Bank and Israeli conglomerate IDB Group, has announced the establishment of the Chongqing arm in cooperation with the government of Chongqing's Banan district.
Sequoia, Nexus invests $12 in Druva
Nexus Venture Partners and Sequoia Capital has jointly invested $12 million in a Series B round of funding in Druva, a global data protection solutions firm.
PE firms clean China's water
The availability of water to feed China’s citizens and its growing industries has become a top priority for the government in recent years. It is now well known that the country’s per capita water resources are one quarter of the global average. Greenpeace...
Vector, with CITIC Capital, acquires US-based graphic manufacturing group
Tech-focused PE firm Vector Capital has acquired a majority stake in Gerber Scientific, an international supplier of automated manufacturing systems used in signs, specialty graphics, apparel and the industrial sector. Chinese firm CITIC Capital Partners...
Singapore's Asian Agri Capital to raise $100m for palm oil investment
Asian Agri Capital, a Singapore-based early-stage plantation investor, is looking to raise $100 million to invest in palm oil and other tropical commodities in Southeast Asia and Latin America, Bloomberg reported.
PE invests $100m in India's food industry in H1
Private equity has invested more than $100 million in India’s food service industry in the first half of 2011, the Franchise India and Federation of Indian Chamber of Commerce and Industry announced.
Osakakoshinko accepts Tasumi Shokai buyout offer
Osakakoshinko, a listed Osaka-based real estate developer and manager, has accepted a tender offer made by Tasumi Shokai, an Osaka logistics company. Tasumi Shokai already owns 73.17% of Osakakoshinko.
SingTel Innov8 participates in Sentilla's $15m Series C round
SingTel Innov8 Ventures, the venture arm of the SingTel Group, has participated in a $15 million Series C round of financing launched by California-based Sentilla Corporation, a leading provider of IT infrastructure software. Other participants include...
Carlyle appoints MD of investor relations for Australia, New Zealand
The Carlyle Group has hired Natasha Nankivell, former executive director and head of private capital markets for Asia of Macquarie, as a managing director of investor relations for Australia and New Zealand. Nankivell has previously held senior positions...
GCM eyes failed Incubator Bank of Japan
GCM, a Tokyo-based investment bank formed by former Sanwa bankers, is reportedly in bidding for the bankrupt Incubator Bank of Japan. It is competing with AEON Bank, a banking unit of AEON Group, for the asset.
SAIF takes minority stake in Manpasand Beverages
SAIF Partners India has invested $10 million in Manpasand Beverages, a Gujarat-based juice manufacturing and marketing company.
Tata Capital hires new VP to enhance overseas fundraising
Tata Capital has hired Joe Sovran, a former partner of Zurich based Capvent, a global and emerging Asia-focused private equity firm as a vice president.