Articles by Maya Ando
Bain converts GOME bonds to get 10% stake
US buyout firm Bain Capital has converted its RMB1.59 billion ($236 million) of bond shares in troubled Hong Kong-listed investee GOME Electrical Appliances Holdings, the second largest electric retail chain in the PRC, into a 9.98% equity stake, gaining...
China Investment Corporation, China Exim Bank launch $1 billion infra fund
China's sovereign wealth fund the China Investment Corporation (CIC) is to partner in a $1 billion regional infrastructure and energy fund, alongside Export-Import Bank of China (China Exim Bank), in the wake of increasing demand for secure energy supplies...
Taiwan's No.1 insurer Cathay Financial taps into private equity investment
Cathay Financial Holding Co., Taiwan’s largest listed financial services company, received formal approval by its board for its life insurance unit to invest up to $150 million in overseas private equity, as well as executing a purchase plan in local...
Ant Capital, CCBI support COFCO's $1 billion agri fund plan
China's largest grains and oilseed importer and exporter, China National Cereals, Oils and Foodstuffs Corporation (COFCO) Ltd. plans to form an agriculture-focused private equity fund, with target size of $1 billion, in partnership with CCB International...
SAIF-backed China Huiyuan said breaching loan terms
China Huiyuan Juice Group Ltd., the high-profile portfolio company of SAIF Partners has reportedly breached its loan covenants, leading to a suspension in trading of shares in the pure juice maker by Chinese regulators from September 10th-13th.
Israel's Infinity establishes IP bank in China
Infinity Group, the Israel-based private equity firm with a special focus on China, announced the formation of an IP (intellectual property) bank in China, to help to develop clients’ IP businesses.
The sky's the limit with Chu-ANA joint venture
Hong Kong-based First Eastern Investment Group Founder Victor Chu and his family are making their first foray into the highly regulated aviation industry in partnership with All Nippon Airways (ANA), Japan’s second-largest carrier, launching a budget...
VC-backed ChinaCache goes for NASDAQ IPO
Venture capital-backed ChinaCache International Holdings, which claims to be China's largest online content delivery service provider, has applied for an IPO on NASDAQ, promising a liquidity event for investors including Intel Capital and Qiming Venture...
Carlye and TPG get regulatory approval to buy Healthscope for $2.5 billion
Global private equity giants the Carlyle Group and TPG Capital have received a green light from Australia's Foreign Investment Review Board to acquire the country's second-largest hospital operator, Healthscope.
SBI and Abu Dhabi to form Africa-focused fund
SBI Holdings Inc., a Japanese financial conglomerate with private equity and venture capital arms, and Invest AD, a subsidiary of the Abu Dhabi Investment Council, announced the formation of a new Africa-focused fund management company, with target regions...
Danone completes selloff from SAIF investee China Huiyuan Juice
Danone, the European food and beverages giant, has completed the sale of its 10.83% stake in China Huiyuan Juice Group Ltd., the Chinese juice maker which is about 23% owned by SAIF Parters.
Foster's tells private equity firms wine bids are corked
Australian beverages major Foster’s Group’s plans to divest its Treasury Wine Estates wine estate, which owns the Lindemans, Rosemount, Penfolds and Wolf Blass brands, has not been the PE win many firms had hoped for.
Hopu investee Winsway gets $120 million pre-IPO funding
Winsway, a Beijing-headquartered coking coal logistics company invested by Hopu Investment Management, has raised $120 million in pre-IPO investments, ahead of its roughly $800 million stock offering, according to a term sheet.
Chengdu govenment forms RMB10 billion infra fund
Chengdu Longquanyi District Government, CDB Finance Co., Ltd. and China Development Bank's Sichuan Branch have signed a framework agreement to support a regional fund named CDB Sichuan (Longquanyi) Urban-Rural Coordinated Development Fund.
Permira makes third Asia investment with Asia Broadcast Satellite
European buyout firm Permira Advisers has acquired Asia Broadcast Satellite Ltd.'s (ABS) holding company from Citi Venture Capital International and debt investment firm ADM Capital, becoming the majority shareholder in the business.
Cerberus misses Foster's wine business, TPG, KKR in frame
Cerberus Capital Management, the US buyout firm specializing in turnaround investments, was the private equity firm that offered to buy 100% of the Treasury Wine Estates unit of Australia’s largest beer maker, Foster's Group, for up to $2.5 billion, with...
Chengde Deyuan Hunan High-Tech Venture fund launched for Hunan
Changde Deyuan Hunan High-Tech Venture Capital Co., Ltd. has launched a RMB160 million ($23.6 million) RMB VC fund in partnership with Changde Municipal People's Government, Hunan Deyuan Investment and Beijing Huahui Hengye Investment.
CITIC PE takes four coal miners in Shaanxi at a discount
CITIC Private Equity Funds Management Co., Ltd. (CITIC PE), the second largest industrial investment subsidiary of major PRC conglomerate CITIC Group, will acquire four medium-to-large size state-owned coal companies in Shaanxi province.
First Eastern backs Japanese low-cost airline with ANA
First Eastern Investment Group, the leading private equity firm based in Hong Kong and headed by Victor Chu, will take a 33.3% stake in Japan’s first-ever budget airline company alongside All Nippon Airways (ANA), which will hold 39%.
Oz Foster's rejects $2.46b wine offer from new PE player
Foster's Group, Australia's largest beer maker, has turned down a buyout proposal for its Treasury Wine Estates unit of up to A$2.7 billion ($2.46 billion), reportedly from an unnamed US private equity player hitherto inactive in the region.
Jinqiao launches first Inner Mongolian fund
Jinqiao Venture Capital Fund, a Chinese VC firm, has committed RMB60 million ($8.8 million) to a vehicle which is the first private equity fund in Inner Mongolia, targeting to raise up to RMB200 billion ($29.4 million).
Hony Capital commits $112 million to China Golden department store
Hony Capital, the leading Chinese buyout firm , has closed its PIPE investment of $112 million into China Golden Development Holdings Ltd., a local department store operator.
Oz Future Fund, two others invest $576 million in new UK capital lender
Australian sovereign wealth fund the Future Fund, as well as Lord Rothschild and UK buyout leader Apax Partner’s founder Sir Ronald Cohen have together invested EUR450 million ($576 million) in Haymarket Financial, known as HayFin, a new start-up specialist...
Coke picks up Japan's Q'sai juice maker
Coca-Cola West has bought out Daiwa Corporate Investment and Polaris Principal Finance-backed Japanese vegetable juice maker Q’sai for JPY63.9 billion ($757 million), which includes JPY28 billion ($331 million) of debt.