CITIC Capital Partners and FountainVest Partners plan to exit their entire stakes in Focus Media - the Chinese outdoor advertising business they helped take private in the US and then re-list in Shenzhen two years ago - within six months.
CITIC Capital owns a 7.41% stake, or 647 million shares, in Focus Media, while FountainVest has a 6.77% stake or 591 million shares, according to separate filings. Based on Focus Media trading price of...
California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US, plans to deploy up to $13 billion a year in direct private equity deals through two newly formed funds.
Japan Post Bank plans to increase the size of its alternatives portfolio more than fivefold in the next three years to JPY8.5 trillion ($76.5 billion). More than JPY2 trillion of this will be allocated to private equity.
Digital Garage and Toyota Tsusho, a division of Japanese automotive giant Toyota Group, have co-led a $30 million Series D round for Indian used-car trading marketplace Droom.
L Catterton Asia will invest INR1.7 billion ($25 million) in India-listed integrated fashion retailer Future Lifestyle Fashion (FLF).