Expansion
Equis, Partners Group bet on Japanese solar
Japan's rapid embrace of renewable energy in the wake of the 2011 Fukushima nuclear disaster has alerted PE investors. In the last 12 months, Macquarie Capital and local engineering firm Maeda Corp. launched a joint venture that will target infrastructure...
CDH to close upsized Fund V at $2.55b
Speaking to AVCJ last year, Shangzhi Wu (pictured), chairman and managing partner of CDH Investments, addressed the issue of certain China managers’ fund sizes rising with each vintage. He put the phenomenon down to a combination of rising valuations,...
Bull Capital invests in Singapore-based IT security specialist
Bull Capital has bought a 41.67% stake in i-Sprint Group, a Singapore-based IT security service provider owned by Automated Systems Holdings, for $9.85 million.
Strategic imperative: Chinese corporates embrace PE
Corporate private equity arms are catching on in China as companies beyond the tech space develop an appetite for investment. What does it mean for the industry’s independent incumbents?
Battles averted?
No one emerged from the debacle at NVC Lighting Technology looking particularly good.
Equis, Partners Group invest $250m in Japan solar platform
Equis Funds Group and Partners Group have led a $250 million equity investment in a dedicated Japanese solar platform to be operated by Nippon Renewable Energy (NRE). For both groups, it represents a first foray into Japanese infrastructure and a solar...
PE firms to bid for China Huarong stake – report
A group of around 20 investors are said to be preparing to submit first-round offers for a minority stake worth $2 billion in China Huarong Asset Management ahead of the non-performing loan (NPL) manager’s IPO.
Wakabayashi Fund invests in MIT Holding
Wakabayashi Fund, a private equity firm based in Tokyo and New York, has invested in US healthcare firm MIT Holdings. The financial details of the transaction were not disclosed.
Tencent invests in PE-backed China South City
Chinese internet company Tencent Holdings has bought a 9.9% stake in China South City Holdings, a logistics center operator that count PAG among its investors, for HK$1.5 billion ($193 million).
Contrarians bullish on India investment opportunities
Private equity players are upbeat on investment prospects in India, arguing that those looking to commit capital now will benefit when the country's weak economy eventually rebounds.
India Awards: PE Professional of the Year – Ravi Adusumalli
SAIF India defied a challenging exit market by taking Just Dial public and selling CSS Corp via a trade sale in 2013. Ravi Adusumalli, the firm’s managing partner, sees the weak IPO market as a mixed blessing for PE
Toshiba partners with IVFA-owned UEM Group
After expanding its water supply and treatment business into markets such as China and Indonesia, Toshiba Corporation went looking for a strategic partner in India. It zeroed in on UEM Group, one of the top three domestic players in the sector. UEM needed...
IMM to support T-Broad in cable TV battle
Thanks to the rapid emergence of internet protocol TV (IPTV), South Korea’s cable TV operators are expected to broadcast across the country regardless of regulatory hurdles.
4Q analysis: IPO awakening
Public market offerings return, or at least expectations of them; pan-regional players shore up weak fundraising market; growth deals to the fore as buyouts recede
IMM PE invests $190m in Korean cable TV operator T-Broad
IMM Private Equity has acquired an approximately 21% stake in T-Broad Holdings, South Korea’s second-largest cable operator by subscriber numbers, for KRW200 billion ($190 million).
Aspada invests in Indian supply chain services firm
Aspada Investment invested INR100 million ($1.6 million) in ThinkLink Supply Chain Services, which provides skill development and staffing services as well as turnkey project management to companies in India’s logistics sector.
Eastern Link raises $330m RMB fund
Eastern Link Capital, a China-focused private equity firm set up by ex-IDG Capital Partners and GF Securities professionals, has closed its second renminbi-denominated fund at RMB2 billion ($330 million).
Future Ventures fashion spin-out buys 27.50% stake in Desi Belle
Future Lifestyle Fashions (FLF), the listed fashion retail unit that spun out of India’s Future Ventures, has acquired a 27.50% stake in the company behind the Desi Belle womenswear label.
Australia's Anacacia backs Yumi's Quality Foods
Anacacia Capital has invested an undisclosed amount in Australian snacks company Yumi's Quality Foods.
Carlyle invests in India's Global Health Private
The Carlyle Group has acquired a minority stake in India’s Global Health Private, owner and operator of Medanta – the Medicity, a super-specialty Medanta hospital in the National Capital Region (NCR) of Delhi. The transaction facilitates the exit of Avenue...
Tsing Capital leads $21m Series C for Phononic
Phononic, an US-based solid-state cooling and refrigeration technology firm, has completed a $21 million Series C round of financing led by Beijing-based Tsing Capital. National Bank Financial, existing backers Venrock and Oak Investment Partners also...
Warburg Pincus-backed e-Shang receives pre-IPO funding
Chinese warehousing developer and operator e-Shang, which was co-founded by Warburg Pincus and two local entrepreneurs in 2011, will receive $120 million in pre-IPO financing from Goldman Sachs. Warburg Pincus has also committed a third round of investment,...
India Value Fund Advisors invests $24m in Trivitron Healthcare
Trivitron Healthcare has received INR1.5 billion ($24.5 million) from India Value Fund Advisors (IVFA) for a minority stake in the medical technology company.
DSG Consumer Partners backs Tierra Food India
Singapore-based DSG Consumer Partners has invested an undisclosed sum for a minority stake in Tierra Food India.