Articles by Maya Ando
Blackstone, GIC unit look at LaSalle Japanese realty assets
Blackstone Group and Global Logistic Properties, which is majority-owned by the Government of Singapore Investment Corp. (GIC), are involved in separate talks to buy 20 industrial properties in Japan, the Wall Street Journal reported. The assets, thought...
TPG hires Bain Capital's MD for its China team
TPG Capital has recruited Jingsheng Huang, a Shanghai-based managing director at Bain Capital, as it looks to boost its China expertise. He is expected to start his new role in late August, Reuters reported.
GSR Ventures closes fourth fund at $350m
GSR Ventures has closed its fourth fund at $350 million after it was substantially oversubscribed. The firm, which focuses on early-stage technology deals in China, said that existing investors contributed over 80% of the capital.
PAI sells Kwik Fit to Japanese conglomerate Itochu
French private equity firm PAI Partners has completed the sale of UK auto parts dealer Kwik Fit to Japanese trading conglomerate Itochu for £637million ($1 billion), which includes the acquisition of £457 million ($733 million) in debt.
Lone Star, Hana extend KEB talks to December
Lone Star will have to wait until December to sell its controlling stake in Korea Exchange Bank to South Korean financial conglomerate Hana Financial for $4.3 billion.
Nomura to launch India infrastructure fund in September
Nomura Holdings plans to launch its $500 million India-focused $500 infrastructure fund in September, according to Vikas Sharma, the Japanese asset manager's country head for India. The launch date is a couple of months later than originally expected....
SCPE takes 49% stake in Doosan Industrial Vehicle
Standard Chartered Private Equity (SCPE), has taken 49% stake in South Korea’s largest forklift manufacturer Doosan Industrial Vehicle (DIV) for undisclosed sum. Sources indicate the deal is worth about $230 million.
OPIC to support Asia's energy spaces
OPIC, a US government-backed development finance institution, has approved a $62 million capital injection into the Renewable Energy Asia Fund, which has so far raised $125 million.
Malaysia, Singapore SWFs jointly develop realty projects
Sovereign wealth funds Khazanah Nasional Berhad of Malaysia and Temasek Holdings of Singapore have established a 60/40 real estate joint venture, respectively, called M+S Pte. Ltd. to develop four land parcels in Singapore's Marina South and Ophir-Rochor...
Vogo, Tstobe, MBK participate in South Korea's Woori auction
Three South Korean private equity funds, Vogo Fund, Tstone and MBK Partners, have emerged as potential bidders to purchase the government's 57% controlling stake in Woori Financial Holdings, worth an estimated $6 billion .
CLSA Capital Partners appoints new fundraising head
CLSA Capital Partners has appointed Juliana Wood to lead its marketing and fundraising operations from Singapore. In this capacity, she will report to COO Randy Wilbert.
KKR gets green light for Saudi Arabia operation
KKR has been awarded a license to operate in Saudi Arabia. The private equity firm sees considerable fundraising potential in the country in addition to investment opportunities across the region.
Japanese GPs prepare for a smaller future
Consolidation is in the cards as Japan’s private equity industry focuses on mid-cap plays rather than buyouts
Japanese GPs still see opportunities
Private equity investors are thinking twice about trouble-hit Japan, but reports of its demise are greatly exaggerated
Carlyle's diversifies its business ahead of IPO
The carlyle Group's purchase of a 55% stake in Emerging Sovereign Group (ESG) is its second acquisition in the asset management space within seven months and a clear indication of how the private equity wants to develop its business.
PE-backed Chinese fashion retailer plans US IPO
Moonbasa, a Chinese fashion retailer that counts China Renaissance Capital, GSR Ventures and DT Capital Partners among its investors, is seeking to raise $150 million on NASDAQ, Bloomberg reports.
Warburg Pincus to sell Max Healthcare stake to Max India
Max India, an insurer and hospital operator, plans to buy a 16.37% stake in its subsidiary Max Healthcare from Warburg Pincus, Economic Times reported.
India PE investment to top $10b this year - Ernst & Young
India may see $10 billion in private equity investments this year, topping the $6 billion recorded in 2010, according to Ernst & Yong, as quoted in local media reports.
KITVEN invests in Indian mapping services provider
Bangalore-based Vidteq India has raised funding from Karnataka Information Technology Venture Capital Fund (KITVEN) for undisclosed amount.
Goldman Sachs takes minority stake in Max India
Goldman Sachs’s private equity unit will acquire a 9.4% stake in Max India, an insurer and hospital operator, for $115 million, according to reports.
Lone Star challenges stock manipulation charges in Korean court
Lone Star will file a petition to void stock manipulation charges leveled against it and Paul Yoo, the head of its South Korea unit, Reuters reported. The move is likely to prolong the private equity firm’s sale of a 51% stake in Korea Exchange Bank (KEB)...
Private equity-backed Apo Plus Station makes healthcare acquisition
Apo Plus Station, a portfolio company of Japanese private equity firm J-Star, has purchased a 40% stake in EBM, a clinical examinations specialist.
Ashmore poised to buy stake in Pakistani fertilizer firm
Private equity firm Ashmore has been granted 90 day extension by the Securities and Exchange Commission of Pakistan to purchase 80% stake in Agritech, formally known as Pak American Fertilizer.
Tokyo Edge Capital to exit Morpho via IPO
Morpho, an image processing services firm that received backing from the University of Tokyo Edge Capital(UTEC), has filed to list on the Tokyo Stock Exchange. The company expects to make its trading debut on July 23.