Articles by Maya Ando
Japan's DBJ and banks to form $1.18bn turnaround fund
The Development Bank of Japan is slated to launch a JPY100 billion ($1.18 billion) fund, specializing in local corporate restructuring and turnaround, in partnership with the Bank of Tokyo Mitsubishi UFJ and Sumitomo Mitsui Banking Corp., at the end of...
China-focused venture group invests $21 million in ActBlue
Venture capital investors Shenzhen Green Pine Capital Partners (GPCP), IDGVC Partners and Shenzhen Leaguer Venture Capital Co., with three unidentified venture players, have collectively injected RMB150 million ($21 million) in privately held Anhui ActBlue...
WI Harper invests in online insurance company in China
Beijing-based VC firm WI Harper has led the first round of fundraising in digitized insurance company 360bao, investing an undisclosed amount.
Fed allows CIC to be second-largest foreign investor in Morgan Stanley
China Investment Corporation (CIC) has reportedly received the green light from the US Federal Reserve to take up to a 10% voting stake in Morgan Stanley, which would make the SWF the second-largest investor in the financial giant after Bank of Tokyo...
South Korea's NPS eyes US-based Colonial Pipeline
Korean SWF National Pension Service has emerged as a possible player to take a 23% stake in US pipeline operator Colonial Pipeline Company.
DBJ's mezzanine financing supports K Tech's MBO
The Development Bank of Japan (DBJ) has thrown its support behind the management of K Technology Corporation in its endeavor to launch an MBO - a move that would see Japanese PE firm Risa Partners part ways with its asset.
GIC hires RREEF Director to head up India realty team
The Government of Singapore Investment Corporation (GIC) has appointed Kishore Gotety, former executive at RREEF Alternative Investments, a division of Deutsche Bank, as Country Head for India real estate.
CHAMP in talks for Contract Aviation Industries
CHAMP Private Equity has emerged as a potential bidder for Australian aircraft and helicopter leasing company Contract Aviation Industries, joining US buyout major The Carlyle Group to vie for the asset.
GIC exits complete holdings in China's Ruinian
GIC Special Investments, the Singapore state-owned private equity investment unit, is understood to have sold its complete remaining stake in Ruinian International Co., Ltd., a manufacturer of health-related products in China.
Spring Capital debuts $250 million fund
Hong Kong-headquartered Spring Capital Asia has closed its $250 million maiden fund, a vehicle to be focused on early-growth investments in low- to mid-market companies.
Daiwa- and Polaris-owned Q'sai sold to Coca-Cola West
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.
Standard Chartered makes $23 million PE investment in Korean teleco operator
Standard Chartered Private Equity Limited (SCPE), the UK lender's Singapore-headquartered PE unit, will invest $23 million in KOSDAQ-listed telecom network equipment and solutions company Dasan Networks, Inc.
Shanghai Minfu forms PRC/Taiwan/Japan billion fund
Shanghai Minfu Equity Investment Management Co., a JV founded by Shanghai International Group Asset Management, a Shanghai city government-related financial institution, Uni-President Group, Taiwan’s largest food manufacturing and logistics company, and...
China's new investment policy opens PE to insurers
China’s Insurance Regulatory Commission (CIRC) has announced a temporary measure on the use of insurance capital which will allow insurance companies to make direct investment in private companies, as well as private equity funds, for the first time....
China's banking regulator looks at banks' PE operations
The China Banking Regulatory Commission (CBRC) reportedly held a meeting with local lenders to gather information on their private equity business, in order to check on internal controls over their activities in the segment.
Taiwan's FSC eases cross-Strait banking, VC rules
Taiwan's regulator, the Financial Supervisory Commission (FSC), has approved new rules for local financial firms to hold controlling stakes in finance leasing or venture capital companies in China.
Goldman Sachs-led consortium injects another $70 million in PRC rent-a-car business
Goldman Sachs Group has reportedly led a consortium of growth-capital investors to inject $70 million in eHi Car Rental Co., a Shanghai-based car rental chain operator which recently raised around RMB1 billion ($147 million) from investor groups, including...
Japan's INCJ will invest $41 million in battery business
Innovation Network Corporation of Japan, the state-owned fund supported by public capital, will invest JPY3.5 billion ($41.3 million) in Enax Co., Ltd., an lithium-ion battery developer in Japan.
IDG Capital makes angel investment in tea shop in Fuzhou
IDG Capital, a leading venture capital firm with special focuse on the China market, has invested RMB50 million ($7.35 million) in Fujian Impression Dahongpao Tea Co., Ltd., which operates three tea shops in the Gulou, Taijiang and Changle districts...
China-focused My Decker Capital invests $40 million in Beijing supermarket chain
My Decker Capital, a China-focused investment firm with operational offices in Beijing, Hong Kong and New York, has made a $40 million investment in Beijing New Cooperation Chain Supermarket through its PE investment fund, the My Decker China Fund.
Sequoia invests in healthcare shopping portal 99times.cn
VC firm Sequoia Capital has invested an undisclosed amount in 99times.cn, a business-to-consumer website vending local healthcare products.
D.E. Shaw to sell holdings in Security & Intelligence Services - reports
Security & Intelligence Services (SIS), a New Delhi-based private security provider backed by global PE firm D.E. Shaw, reportedly aims to raise $100 million by selling shares to a private equity firm, coming as the company looks to expand its operations...
PEP no chicken with Tegel Foods exit
Pacific Equity Partners is seeking exit options for its New Zealand investee, poultry producer Tegel Foods, the country’s largest poultry producer, with a value estimated around A$600 million ($533.2 million), double the price that the ANZ private equity...
IDG Capital invests $40 million in Chinese e-commerce solutions firm
IDG Capital Partners, a China-focused venture capital firm, has made another investment in the mainland's rapidly growing e-commerce sector, infusing $40 million in leading foreign-trade e-commerce solutions provider BizArk.