Articles by Susannah Birkwood
Carlyle-backed AvanStrate nixes IPO again - report
AvanStrate, the Japanese LCD glass manufacturer owned by The Carlyle Group, appears to have called off its plans for a $266 million initial public offering for the second time in a year.
Hinduja unveils $500m infra vehicle - report
The Hinduja Group, the diversified conglomerate founded in Mumbai by the Hinduja family, reportedly plans to establish a $500-million fund that will invest in Indian infrastructure projects.
India's NSE considers stock exchange listing
General Atlantic-backed National Stock Exchange of India (NSE) is considering a listing on the public markets, but first need to consider the impact of upcoming rules.
Baring PE India promotes two to partner level
Baring Private Equity Partners India has promoted Amit Chander and Keshav Misra to partner level.
Wolseley-backed Nextmedia acquires magazines from CVC's ACP
Nextmedia, the Australian magazine publisher owned by Wolseley Private Equity, has acquired two publications from ACP Magazines, the magazine division of CVC Asia Pacific-backed Nine Entertainment.
Blackstone pays $770m for Dexus Property assets
The Blackstone Group has paid $770 million for 65 US industrial assets owned by Australia’s Dexus Property Group. Investing via affiliates of Blackstone Real Estate Partners VII, the firm will acquire properties including three warehouses leased to Whirlpool...
Investors inject $45.5b in China clean energy
Investment in China’s clean energy sector stood at $45.5 billion last year, which saw China lose its number-one status to the US for the first time since 2009.
Second-largest India exit for Warburg Pincus
"When Warburg Pincus first invested in Kotak Mahindra Bank in 2004, what was being created was a banking institution from scratch,” says Vishal Mahadevia, managing director of Warburg Pincus India.
Foreigners secure entry to India's secondaries market
Indian regulators have opened the door for foreign PE investors seeking to buy secondary stakes in domestic companies. Is this the jumpstart India’s secondary market needs?
Navis in PIPE deal for Malaysia's SEGi
Malaysia-based Navis Capital Partners has acquired at least 21.5% of SEG International (SEGi), the second largest private education group in Malaysia by sales, in a PIPE transaction.
ASK boosts Godrej redevelopment project with $20m
ASK Property Investment Advisors has injected INR1 billion ($19.8 million) into Godrej Properties’ (GPL) first redevelopment project. This comes five months after it was announced that Godrej was looking to exit up to 49% of a commercial realty project...
ISigma buys Shinsouki from Riverside
ISigma, a mid-size buyout firm wholly owned by Marubeni Corp, has acquired a minority stake in Japan’s Shinsouki in a deal that represents an exit for The Riverside Company.
OCBC subscribes to Tonglin Precision Parts bond
Singapore-based OCBC Bank, the second largest financial group Southeast Asia, has subscribed to a convertible bond issued by China’s Tonglin Precision Parts (TPP) via its mezzanine arm.
Temasek-backed Eircom applies for court protection over $4.8b debt
Eircom, the telecoms operator owned by Singaporean sovereign wealth fund Temasek, has applied for court protection to allow it to restructure its EUR3.75 billion ($4.8 billion) debt pile.
3i chief Michael Queen resigns
UK-based private equity firm 3i Group has announced that its CEO, Michael Queen, will be leaving the company once a successor has been appointed. The move is thought be prompted by continuing shareholder discontent over poor performance and lack of deal...
Silver Lake to reduce fees for fund IV
Tech-focused private equity firm Silver Lake is planning to cut the fees it will charge big-ticket LPs as it attempts to raise as much as $10 billion for its next buyout vehicle.
TPG, Carlyle in talks for Fortis stake – report
TPG Capital India and The Carlyle Group are reportedly in talks to buy a 15-20% stake in Fortis Healthcare India, the listed chain of hospitals backed by Government of Singapore Investment Corp.
Japan's PE firms on trade sale hunt
Japanese buyout firms are making plans to offload a portion of their local portfolio companies via trade sales this year.
PVG Venture Capital buys 3% of CMGE
PVG Venture Capital has acquired 3.3% of China Mobile Games and Entertainment (CMGE), a company engaged in the development and operation of mobile games.
F&H backs Song brothers' singing school
Ask Chinese music fans to name famous Singaporean exports, and they’re likely to mention Stephanie Sun and JJ Lin. Aside from both being hugely popular in China’s Mando-pop scene, what each of these singers has in common is that they were both trained...
Asian LPs join Latin America's PE carnival
Asian investors are upping their commitments to Latin American private equity funds in a bid to be part of another emerging markets growth story
Warburg Pincus sells Kotak Mahindra stake for $272m
Warburg Pincus has fully exited India’s Kotak Mahindra Bank by selling the remaining 3.6% stake it held in the institution for INR14 billion ($272 million) on the public markets.
KKR India recruits Tashwinder Singh as director
KKR has hired Tashwinder Singh as a director of its India arm based in Mumbai. He joins from Citigroup India, where he spent more than 18 years.
New Silk Route mulls Adiga's deal
Growth capital firm New Silk Route Partners is in talks to buy a sizable stake in Adiga's, a chain of south Indian vegetarian restaurants and fast food joints.