Articles by Andrew Woodman
Matrix backs hotel reservation site Stayzilla.com
Matrix Partners India has acquired a significant minority stake in Stayzilla.com, a site which allows users to research and reserve hotels at discounted rates in more than 750 Indian cities. The financial details of the deal, in which Matrix was the sole...
Yamaguchi bank launches $30.7m SME restoration fund
Yamaguchi Capital and the Regional Economy Vitalization Corporation of Japan have together set up a JPY3 billion ($30.7m) fund - Yamaguchi Business Restoration Fund - to provide capital to distressed small- and medium-sized businesses (SME).
Japan's Integral backs TBI Group
Japanese private equity firm Integral Corp. has acquired part of TBI Group, a restaurant chain operator with 78 outlets, as part of a management buyout. The financial terms of the deal were not disclosed.
Northstar Group seeks to raise $1b Southeast Asia fund
Northstar Group, the Singapore-based private equity firm backed by TPG Capital, is looking to raise around $1 billion for its fourth fund, which will focus on Southeast Asia.
Portfolio: CVC Capital Partners and Hong Kong Broadband Network
Hong Kong has one of the most saturated and advanced broadband markets in the world. Finding new areas of growth is difficult but not impossible, says Hong Kong Broadband owner CVC Capital Partners
NSR has an appetite for Moshe's
“The typical Indian family stereotype today is different to that of my parents’ generation,” says Parag Saxena, founding general partner and CEO of New Silk Route (NSR). “Back then my mother would cook the meals and keep the house running while my father...
Axa spins off private equity unit
Axa Private Equity - now renamed Ardian - has completed its spin-out from the Axa Group in deal which values the unit at EUR510 million ($690 million).
ICG adds Nyree Hu to Asia team
Specialist asset manager Intermediate Capital Group (ICG) has hired Nyree Hu as Asia director with its 11-strong global distribution team.
CDC hires UTI Capital's Murugappan for Asia funds team
CDC, the UK development finance institution, has hired Alagappan Murugappan as managing director with its Asia funds team. Murugappan was previously CEO with private equity firm UTI Capital.
KKR buys 10% stake in China home appliance maker for $552m
KKR has acquired a 10% stake in Qingdao Haier (QH), a Chinese home appliance maker, for RMB3.38 billion ($552 million) - its biggest investment in China to date.
KKR acquires Panasonic healthcare unit for $1.67b
KKR has agreed to acquire an 80% stake in Panasonic Healthcare, a unit of the Japanese electronics giant, for JPY165 billion ($1.67 billion) - the buyout firm's biggest deal in the country to date.
KPCB, IPV back Singapore stock market app Series A round
Kleiner Perkins Caufield Byers (KPCB) and IPV Capital have together led a $10 million Series A round for MyHero, the Singapore-based start-up behind the stock market simulation app TradeHero.
Japanese government panel suggests pensions shift to alternatives
A Japanese government-appointed advisory panel has suggested that the country's JPY160 trillion ($1.6 trillion) public pension system - which includes the JPY120 trillion Government Pension Investment Fund (GPIF) - reallocate a portion of its holdings...
WL Ross settles with SEBI over SpiceJet case
WL Ross has paid INR11 million ($177,000) in a settlement with the Securities and Exchange Board of India (SEBI), ending a long-running case over its investment in low-cost Indian airline SpiceJet.
Australia's ACSI names Future Fund executive as new CEO
The Australian council of Superannuation Investors (ACSI) has appointed Gordon Hagart, head of environmental, social and governance (ESG) risk management at Future Fund, as its new CEO. Hagart will take over from Ann Byrne who will retire from the A$100...
Singapore government to invest $39m in start-up ecosystem
The Singapore government is to pump an extra S$50 million ($39 million) into its early stage co-investment vehicle in a bid enliven the city state's start-up ecosystem.
Japan's Lixil acquires TPG-backed faucet maker Grohe
Lixil Group, a Japanese toilet manufacturer, has agreed to acquire Grohe, a German maker of faucets backed by TPG Capital and the private equity arm of Credit Suisse (formerly CSFB Private Equity), for JPY400 billion ($4 billion).
Japan's KDDI, Cisco lead $10m Series A for Moxtra
Japanese telecom firm KDDI Corp and US tech giant Cisco Systems have led a $10 million Series A round of investment for Silicon Valley-based app developer Moxtra. Other investors include China's Innovation Works and Starwood Capital's Barry Sternlicht....
Ant Capital invests $11m in construction software firm Kozo Keikaku
Japanese private equity firm Ant Capital Partners has agreed to acquire a 30.4% stake in Japan-listed construction software developer Kozo Keikaku Engineering from existing shareholders for JPY1.15 billion ($11 million).
PE-backed Cheniere Energy Partners files for $690m IPO
Cheniere Energy Partners (CEP) - a subsidiary of Cheniere Energy, a US liquefied natural gas (LNG) company backed by Hong Kong's RRJ Capital and Blackstone credit arm GSO Capital - hopes to raise as much as $690million through an IPO on the New York Stock...
CIC takes 12% stake in Russian potash producer
China Investment Corp. (CIC) is now the second largest shareholder in Russia's Uralkali - the world's biggest potash producer - after it converted bond holdings into equity equivalent to a 12.5% stake.
Shareholders approve Shuanghui's $4.7b acquisition of Smithfield Foods
Shareholders of US pork producer Smithfield Foods have approved the company's $4.7 billion acquisition by its PE-backed Chinese counterpart Shuanghui International.
Indonesia: Infrastructure gridlock
There is substantial demand for infrastructure investment in Indonesia and plenty of opportunities to participate, yet progress is slow. Does the does the sector still hold promise for private equity?
PE-backed OzForex plans $413m IPO
OzForex Group - an Australian online foreign exchange services provider backed by The Carlyle Group, Accel Partners and Macquarie Group - plans to raise $440 million in its Australian IPO scheduled for October 11.