Articles by Andrew Woodman
CITIC-backed consortium sweetens deal for China 3SBio take-private
A consortium backed by CITIC Private Equity has raised its offer for the Chinese biotechnology company 3SBio to around $370 million.
SEAF, Sarona invest in India's Khyati Foods
Canada-based Sarona Asset Management has invested in India's Khyati Foods, alongside SEAF Agribusiness India Fund. The details of the transaction were not disclosed.
Quantum seeks to remove Intrepid directors after Indonesia debacle
Quantum Pacific Investment is looking to remove directors at Australia's Intrepid Mines after the company lost control of a key Indonesian asset.
CHAMP, Headland Capital up stake in Miclyn Express
CHAMP Private Equity and Headland Capital Partners have raised their stakes in Miclyn Express Offshore, a firm which provides vessels to support exploration and production of oil and natural gas.
Profile: American Capital's Paul Hanrahan
After 20 years at energy and infrastructure specialist AES Corporation, Paul Hanrahan now covers a similar beat for PE firm American Capital. He reflects on what has changed and what hasn't
CX banks on India ATM opportunity
WITH MORE THAN 90% OF RETAIL transactions carried out in cash, India's growing consumer classes are in need of ATMs. However, there are only around 90,000 machines nationwide, which equates to just 59 per million people.
Aquiline Capital completes acquisition of UK's Equity Insurance Group
Aquiline Capital Partners, a New York-based PE firm focusing on investments in the financial services space, has completed its GBP87 million ($140 million) acquisition of UK motor insurer Equity Insurance Group (EIG) from ASX-listed Insurance Australia...
General Atlantic expands India team
Global PE firm General Atlantic has expanded its investment team in India with several new hires at its Mumbai office. The new hires include Shantanu Rastogi, who will be a principal with the firm, and associates Vijay Venkat and Varun Talukdar.
Ropes & Gray recruits new M&A lawyer to HK office
Global law firm Ropes & Gray has just recruited capital markets and M&A lawyer Victoria Lloyd to its Hong Kong office.
Vickers Venture exits Singapore's Asian Food Channel
Singaporean venture firm Vickers Venture Capital has exited its investment in the Asian Food Channel after it was acquired by USA’s Scripps Networks Interactive. The details of the transaction were not disclosed.
Hertz buys 20% stake in Warburg Pincus-backed China Auto Rental
Hertz Global Holdings has agreed to buy 20% of Warburg Pincus- backed China Auto Rental (CAR). The financial details of the deal were not disclosed.
Saban Capital opens Singapore office
Saban Capital Group, a Los Angeles - based PE firm which invests in the media and communications sector, has opened a new office in Singapore.
Fenox, IMJ to invest in SE Asian, Japanese start-ups
Silicon Valley's Fenox Venture Capital and Japanese mobile solution provider IMJ Corporation have jointly established IMJ Fenox Pte with a view to investing in mobile, Internet and software technologies in Southeast Asia, Japan and the US.
SingTel Innov8 leads $5m Series A round in China's Yodo1
SingTel Innov8, the VC unit of Singapore's SingTel Group, has led a $5 million round of Series A funding in Chinese smartphone game publisher Yodo1. Original investor Chang You Fund also took part in this latest round.
India's Essel launches $184m real estate fund
The private equity unit of India's Essel Financial Services is targeting INR5billion ($92 million) for its first real estate fund. It will invest in residential projects in large cities across the country.
Korean group among bidders for Brookfield hotel asset - report
A South Korean group is said to considering a A$400 million ($411 million) bid for the Four Seasons Hotel in Sydney as Canada's Brookfield Asset Management prepares to offload its Australian hotel portfolio.
The Abe effect: Japan's economic reforms
Japanese Prime Minister Shinzo Abe has unveiled aggressive economic reforms, sending the country's stock market up and its currency down. PE can benefit but longer-term change would be even more helpful
Blackstone targets $4b for Asian real estate fund - report
The Blackstone Group is said to be targeting $4 billion for its Asian real estate fund, making it the largest real-estate fund ever devoted to the region.
Bessemer Ventures leads $1m round in Singapore's Nitrous.IO
Bessemer Venture Partners has led a $1 million round of seed investment in Singapore tech start-up Nitrous.IO.
L Capital buys 50% stake in Australian boot maker
L Capital Asia, the regional investment arm of luxury group LVMH, has acquired a 49.9% stake in Australian boot maker R.M. Williams for around A$52 million ($55 million).
Warburg Pincus invests in India's Avtec, Actis exits
Warburg Pincus has acquired a minority stake in Avetec, an Indian manufacturer of precision-engineered products, facilitating an exit for Actis. The value of the transaction was not disclosed.
Capital Dynamics to launch $154m Japan-focused fund-of-funds
Switzerland-headquartered asset manager Capital Dynamics plans to launch a JPY15 billion ($154 million) Japan-focused fund-of-funds. A source familiar with the matter said Japanese corporate pension funds will be among the investors in the new vehicle,...
Navis acquires stake in Malaysian IT firm Strateq
Navis Capital Partners has bought a 54.8% stake in Malaysian IT firm Strateq from Kencana Capital. Sources familiar with the situation told AVCJ the deal was valued at MYR35-50 million ($11-16 million), or around 6x forward EBITDA.
Brick eagle to invest $50m in India real estate
Hong Kong-headquartered Brick Eagle Capital Advisory is planning to invest around $50 million in Indian real estate.