Articles by Susannah Birkwood
KKR in takeover bid for Australia's PacBrands
KKR has launched an unsolicited takeover bid for listed Australian clothing and related consumer brands wholesaler Pacific Brands (PacBrands).
GA invests $125m in India's Fourcee
General Atlantic (GA) is investing up to $125 million for a minority stake in Fourcee Infrastructure Equipment, a Mumbai-based logistics firm.
Arcapita seeks Polygel exit - sources
Bahrain-based investment company Arcapita Private Equity is planning to sell its 8% stake in Polygel Industries, an Indian manufacturer of cable gels.
Catalyst could sell Aperio for $256m by February
Catalyst Investment Managers could complete the sale of its packaging business Aperio Group to a trade buyer by February, according to a source.
NewQuest hires Lung-Chi Lee as general counsel
NewQuest Capital Partners, the Hong Kong-based PE firm spun out from Bank of America Merrill Lynch (BoAML) last year, has hired Lung-Chi Lee as general counsel.
Sequoia, Baring in talks to sell Coastal Projects
India’s Coastal Projects, which is backed by Sequoia Capital and Baring Private Equity Asia among others, is reportedly in talks with German firm Hochtief about a possible sale of the business.
Carlyle shortlisted for Brambles Recall unit - report
The Carlyle Group has reportedly been shortlisted as a potential suitor for Recall, the document management business put on the block by Australia’s Brambles last spring.
GA, ChrysCapital-backed Hexaware valued at $700m
General Atlantic (GA) and ChrysCapital have seen Hexaware Technologies, the IT services provider they put on the block several months ago, achieve a speculative valuation of $700 million.
Kotak Realty reaps 25% return on Noida IT park sale
Kotak Realty Fund, the properties arm of Kotak Mahindra Bank, has reaped an IRR of less than 30% on the sale of its interest in a Noida-based information technology park.
Navis-backed EKH bolts on Chinese depot operator
Eng Kong Holdings (EKH), the Singaporean container-services company owned by Navis Capital Partners, has acquired an 85% stake in Best China Development for S$14.3 million ($11.1 million).
Mayban Ventures to invest $399m over next five years
Mayban Ventures, the private equity arm of Maybank, Malaysia’s largest financial group, has announced plans to channel up to RM250 million ($399 million) into Asian deals over the next five years.
Nomura enters China's PE space
Nomura Holdings has become the first Japanese financial services company to invest in Chinese private equity, after agreeing to participate as an LP in the Shanghai-based Jiu You Quan Xing Equity Investment Fund. The vehicle, which is managed by Jiu You...
Temasek launches $1.9b China fund
Singaporean sovereign wealth fund Temasek has launched Pavilion Capital, an investment vehicle that will channel up to S$2.5 billion ($1.9 billion) into deals in north Asia.
SBI sells VSN for $117m
Japanese private equity firm SBI Capital has sold its Tokyo-based staffing firm VSN to Adecco, the largest staffing group in the world, for an enterprise value of EUR90 million ($116.8 million).
Red Fort to raise $500m for second real estate fund
Red Fort Capital, an India-focused real estate investor, has announced it is targeting INR10-15 billion ($500 million) for its latest property fund.
General Atlantic invests $108m in Mu Sigma
General Atlantic (GA) has led a $108 million round for India-focused analytics services provider Mu Sigma, in what may be the largest private equity deal in this segment in an emerging market.
TPG loses out on Takefuji deal to J Trust
TPG Capital lost out on a deal to invest into Japanese consumer lender Takefuji, with real estate and financial holding company J Trust instead injecting a reported JPY25.2 billion ($325 million) into the firm.
Blackstone buys DLF Ackruti Info Parks for $153m
An affiliate of Blackstone Group has acquired a firm that owns a special economic zone in India from DLF, the country’s biggest real estate developer, for INR8.1 billion ($153 million).
Jacob Ballas pumps $38m into Religare Finvest
Jacob Ballas Capital India has given Religare Finvest, the non-banking arm of Indian financial services group Religare Enterprises, a INR2 billion ($37.5 million) cash injection.
Actis invests $71m in India's Endurance Technologies
Emerging markets investor Actis has invested INR3.7 billion ($71 million) in Endurance Technologies, one of India’s largest privately held auto component manufacturers.
PE firm approaches Australia's PaperlinX
An unnamed private equity house has made a takeover bid for listed Australian paper manufacturer PaperlinX.
GSR Ventures leads $30m round for Boston-Power
GSR Ventures has led a $30 million round of investment into lithium-ion battery maker Boston-Power, which recently agreed to relocate its operational headquarters to China.
Highlights from 24th Annual AVCJ Forum 2011
Thank you to all the sponsors, speakers and delegates that participated at the 24th annual AVCJ Forum: Asia's Private Equity Week 2011 held in Hong Kong on 7-10 November 2011.
IL&FS Private Equity buys IL&FS Energy stake for $44m
IL&FS Private Equity, has invested INR2.3bn ($44 million) for a stake in Indian power generation firm IL&FS Energy Development. The two parties have the same parent company.