Articles by Maya Ando
KKR plans to raise $800 million for China Growth Fund
Kohlberg Kravis Roberts & Co. plans to raise $800 million to invest in China with its new USD-denominated KKR China Growth Fund, its first China-directed vehicle since it set up its $4 billion KKR Asian Fund, and its first specific growth capital fund....
Sequoia Capital China denies RMB fund plan
Earlier reports that Sequoia Capital China, the PRC offshoot of the leading US Silicon Valley VC firm, was looking to raise as much as RMB3 billion ($442 million) for a new RMB-denominated fund have been denied by Sequoia.
CCBI Healthcare Fund makes two investments
CCB International, the investment arm of China Construction Bank, has made two investments in the medical sector, including an RMB150 million ($36.9 million) capital injection into Luyan, a medical company in Fujian, and an RMB100 million ($14.7 million)...
IFC will inject $152 million in China wind power project
The International Finance Corporation (IFC) will inject $152 million as a long-term loan to Guazhou Xiehe Wind Power Co., Ltd., a project company invested by China WindPower (CW), a PRC-listed integrated wind power generation company.
Khazanah cornerstones Hony investee Chaowei Power IPO
Chaowei Power Holdings Ltd., a PRC electric bike motor battery manufacturer, debuted on the Stock Exchange of Hong Kong, collecting HK$474.8 million ($61 million), but saw its stock fall over 9% on its first trading day, amid global and PRC economic uncertainties....
IL&FS India Realty Fund II to invest Aria Hotels
IL&FS Investment Managers' $895 million IL&FS India Realty Fund II will invest INR80 crore ($17.2 million) for an undisclosed stake in Aria Hotels and Consultancy Services (Aria Hotels), a subsidiary of the Asian Hotels group, which owns the 400-room...
Yeoman's work for Carlyle
The Carlyle Group, through its $2.55 billion Carlyle Asia Partners III LP fund, has agreed pay $175 million to take an 11.3% stake in the Chinese subsidiary of Thai animal feed maker C.P. Pokphand Co., the second-largest supplier of animal feed by sales...
Blackstone to take over BofA real estate portfolio in Asia
US private equity firm the Blackstone Group will pick up opportunities in Asian real estate deals by taking over management of a portfolio of regional real estate investments from Bank of America Merrill Lynch, according to reports.
CDH Venture invests $10 million in Chinese English TV channel
CDH Venture Partners, the Chinese VC firm linked to CDH Investments, has invested over $10 million in Blue Ocean Network (BON TV), China's first private English-language television channel targeting overseas audiences.
Global Venture Capital and DIT Partners back Piku Media
Piku Media KK, operator of Japan's first daily discounts and special deals website, Piku.jp, raised an additional JPY650 million ($7.3 million) from local and offshore institutional investors, including Tokyo-based Global Venture Capital Inc., DIT Partners...
IDG VC, JAFCO, WI Harper invest PRC WAP provider 3g.cn
Wireless Application Protocol (WAP) portal 3g.cn has raised more than $10 million in its third round of financing from VC firms including China Broadband Capital Partners (CBC), IDG VC Partners, JAFCO Asia, and WI Harper Group.
Carlyle to take 11.3% of Pokphand for China
The Carlyle Group has agreed to acquire an 11.3% stake in Thailand-headquartered animal-feed maker C.P. Pokphand Co., the second largest supplier of animal feed by sales in China, from Charoen Pokphand Group, Thailand’s largest agribusiness conglomerate,...
Japan's DRC climbs into Kojitu
DRC II, a private equity investment vehicle operated by DRC Capital in Japan, will take a 16.83% stake in Kajitu.Co., Ltd., a JASDAQ-listed climbing and outdoor goods retailer, for JPY227 million ($2.5 million), as part of a capital-raising exercise involving...
Japan: Spring after a long winter?
After a long winter, private equity activity in Japan is slowly but surely showing signs of recovery. In particular, mid-cap acquisitions by private equity players are reviving deal flow.
Blackstone takes EMOBILE stake in Japan
The Blackstone Group has purchased a stake of around 5.98% in EMOBILE Ltd., a Tokyo-based mobile broadband transmission provider, for JPY16 billion ($182 million) through a third-party allotment.
Iwakaze Capital seeks $200 million for second fund
Iwakaze Capital, a Japanese SME-focused buyout firm, is looking to raise $200 million for its second fund, following its maiden fund, which closed at $23 million.
First Eastern makes second investment in Wuhan
First Eastern Investment Group, the pioneering Hong Kong-based private equity firm, has made a capital injection of RMB100 million ($14.8 million) into Wuhan STDS Environment Tech Co., Ltd. in China.
CITIC Capital aims for $340 million for second Japan fund
CITIC Capital Partners, investment arm of CITIC Group, China's largest financial conglomerate, is aiming to raise as much as JPY30 billion ($340 million) for its second fund, CITIC Capital Japan Partners II, focusing on the Japan market.
WI Harper appoints Lu as new COO
WI Harper Group, the veteran VC firm focusing on early and expansion stage investments, has appointed Jimmy Lu, hitherto co-founder/GP at iD Ventures America, the US arm of what was previously Acer Technology Ventures, as Executive MD and COO, based in...
Blackstone gets RMB fund backing from Shanghai Ace
The Blackstone Group will receive RMB300 million ($44.1 million) for its renminbi-denominated fund, The Blackstone Zhonghua Development Investment Fund, from listed Shanghai Ace Co., a Shanghai-based investment firm.
Tishman Speyer eyes Indian IT park
Tishman Speyer, the global real estate investment firm, is reportedly in discussions to acquire the soon-to-be-completed IT Park in Gurgaon owned by BPTP Ltd, a New Delhi-based real estate developer, in a deal estimated at around INR400 crore ($857.4...
Japan's SBI and US Jeffries will form two joint funds
SBI Holding Inc., the Tokyo-based financial group, has reached a final agreement with Jefferies Group Inc, a global securities and investment banking group headquartered in the US, to form two new investment funds: the Jefferies-SBI USA Fund and SBI-Jefferies...
Yatra Capital sees Indian opportunities
Yatra Capital, the Euronext-listed company focused on real estate investments in India, plans to invest up to INR115 crore ($24.4 million) through two realty deals in 2010, Christopher Wright, chairman and co-founder at Yatra Capital, said publicly.
Japan's New Horizon expects $560 million for second fund
New Horizon Capital, a Tokyo-based private equity firm, plans to raise up to JPY50 billion ($560 million) for its second fund, also saying that it expects a first closing in 3Q10 of around JPY12 billion ($135 million).