Susannah Birkwood

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Articles by Susannah Birkwood

GSR closes $133m later-stage fund

VC firm GSR Ventures has closed its GSR Opportunities IV fund on $133 million. The vehicle will give existing LPs in GSR’s first four funds the chance to invest in follow-on rounds with top-performing investee companies.

Navis puts Nirula's on the block - report

Malaysia-based private equity firm Navis Capital Partners is said to be in discussions with an individual about a sale of its Indian restaurant chain, Nirula's Corner House, for INR1.5 billion ($27 million).

CVCI boosts Wuttisak with $100m

Emerging markets fund manager Citi Venture Capital International (CVCI) Private Equity and Thai-focused private equity firm Thai Strategic Capital have acquired around 30% of Wuttisak Clinic Inter Group for almost $100 million.

Bain to target $6b for global fund

Bain Capital has set a target of $6 billion for its new global buyout vehicle, for which it plans to offer three fee options in a bid to attract a more diverse range of LPs.

Profile: Dominic Scriven of Dragon Capital

Dragon Capital’s Dominic Scriven settled in his adopted country of Vietnam when it was still a frontier market. Twenty years on, he remains active in the country’s private equity and cultural communities

GA sells Gavilon stake to Japan's Marubeni

General Atlantic (GA) has sold its stake in US grain trader Gavilon to Japanese trading house Marubeni Corp, in a deal that values the company at an enterprise value of around $5.3 billion.

Australia offers residency for VC investors

The Australian government has announced plans to offer permanent residency to those who invest $5 million in domestic venture capital funds. It is expecting the most interest in the incentive to come from Asia – or more specifically, China.

Reliance Infratel buyout on the rocks

The Carlyle Group and The Blackstone Group’s proposed buyout of Reliance Communications’ telecoms tower unit looks to be in a state of limbo as the Indian firm said the sale can only proceed following clarification from the regulatory authorities.

Carlyle plan to sell Ta Chong to Yuanta fails

The Carlyle Group will not be selling its 40% stake in mid-sized Taiwanese lender Ta Chong Bank to Yuanta Financial, as the prospective buyer withdrew its T$37 billion ($1.25 billion) bid for the asset.

Cerberus' Aozora sale stalled

Ceberus’ attempt to exit Aozora Bank faces a fresh obstacle in the shape of the Japanese government, which is on the cusp of becoming a major shareholder. The US private equity firm made its original investment in the Japanese lender more than 10 years...