Expansion
Zhenai receives backing from Match.com
Match.com hopes that Chinese dating website Zhenai.com is an investment match made in heaven.
Clove Capital targets $250m Southeast Asia growth fund
Clove Capital Partners, a spin out from EMP Global’s Asia business, plans to raise a $250 million growth capital fund that will target mid-size companies in Southeast Asia. It will principally focus on Indonesia, the Philippines and Thailand, with Malaysia...
Mumbai metals trader seeks PE investment
Ushdev International, a Mumbai-based metals trader and wind farm operator, is seeking to raise $20-40 million from private equity investors. Managing Director Prateek Gupta said the company is in talks with a couple of PE firms about the possibility of...
Softbank invests $200m in mobile ad network InMobi
Softbank Corp. has invested $200 million in InMobi, which claims to be the world’s largest independent mobile advertising network. The Japanese telecom firm will invest in two tranches of $100 million, one due this month and the other due in April 2012.
Anacacia Capital fund named world’s top performer
A vehicle launched by Australia’s Anacacia Capital has been named the top performing fund globally by Pensions and Investments magazine. Anacacia Partnership I, which closed in 2007, was judged to be the outstanding performer out of funds raised between...
PE-backed spices firm VKL in talks with Olam
Indian spices processor Vallabhadas Kanji (VKL), of which Argonaut Private Equity and Ascent Capital are minority backers, is close to securing a strategic investment agreement with agricultural commodities giant Olam.
Private equity's fashion fix
When it comes to capitalizing on rising disposable incomes in key Asian markets, investors are finding the region’s fashion and lifestyle segment in vogue
Carlyle backs Indian affordable housing firm
The Carlyle Group's $26 million commitment to Value & Budget Housing Corporation (VBHC) last week is significant in that it marks the affordable housing developer’s graduation to the investment mainstream. The company was founded in 2009 by what Shankar...
Bendigo-led consortium invests in Akatsuki Financial
A consortium led by Bendigo Partners has made a strategic investment in Akatsuki Financial Group, a Japan based mid-sized financial services firm, specializing in retail brokerage and asset management. Financial details were not announced.
Infinity-backed fund invests in China's Asymchem Laboratories
An Infinity Group-backed fund that targets the biomedical industry has committed RMB90 million ($14 million) to a RMB250 million round of financing launched by Tianjin-based Asymchem Laboratories.
China’s farms show growth potential
Buoyed by rising domestic consumption and policy support for rural industries, China’s agricultural sector is generating interest from private equity
Indian budget hotel chains court private equity
A number of Indian budget and mid-range hotel chains are seeking private equity investment to support their expansion plans, Mint reported.
New Silk Route closes in on India restaurant deal
New Silk Route Advisors expects to close its first investment in an Indian restaurant business later this month, having spent two years looking for suitable targets. The private equity firm has committed $100 million in debt and equity and plans to spend...
SCPE takes 49% stake in Doosan Industrial Vehicle
Standard Chartered Private Equity (SCPE), has taken 49% stake in South Korea’s largest forklift manufacturer Doosan Industrial Vehicle (DIV) for undisclosed sum. Sources indicate the deal is worth about $230 million.
HSBC’s private equity unit invests in Indian post-production firm
HSBC Principal Investments has agreed to pay $60 million for a minority interest in Avitel Post Studioz, a Mumbai-based post-production company serving the media and entertainment industries.
Carlyle invests in emerging markets hedge fund manager
The Carlyle Group will buy a 55% stake in Emerging Sovereign Group (ESG), a US-based hedge fund manager that focuses on emerging markets, including China, India, South Korea and Southeast Asia.
Elephant Capital invests in India's aviation engineering company
Elephant Capital has acquired a 4.8% stake in Air Works India Engineering Ltd. The AIM-listed company paid £2.45 million($3.93 million) for the stake. Elephant Capital's Mauritian subsidiary, Tusk Investments Fund 1 provided the capital except for £0.44...
Singapore’s Silecs received 16 million from venture consortium
Silecs International Pte Ltd, a developer and manufacturer of advanced Siloxane polymers, has raised $16 million in Series E financing from an investment consortium led by Singapore-based EDB Investments Pte Ltd. Other investors in the group include European...
Morgan Stanley-backed China Flooring kicks off Hong Kong IPO
Morgan Stanley Private Equity-backed China Flooring Holding, one of the largest wood flooring brands in China, has launched its initial public offering in Hong Kong, and expects to raise HK$1.57 billion ($201.8 million) in the process.
New Zealand’s Waterman Capital takes half of Working In
New Zealand-based Waterman Capital has reportedly acquired a 50% stake in Working In Ltd., an immigration and employment-information provider, for an undisclosed sum.
TA Associates takes minority stake in Tega Industries in India
TA Associates, a growth-focused private equity firm, has completed a minority investment in Tega Industries Ltd., a company offering designs and production of consumables for the mining industry in India. Financial details were not disclosed.
J-Star makes 12th investment, in Taiheiyo-Seiki
Japanese private equity firm J-Star has taken a majority stake in Taiheiyo-Seiki Co. (THY), a privately held construction machinery manufacturer and seller, representing J-Star’s 12th investment since its 2006 launch.
KKR may take Singaporean abalone producer
US buyout firm Kohlberg Kravis Roberts & Co (KKR) is reportedly in discussions to acquire Oceanus Group, the Singapore-listed abalone farmer, for a deal which may be worth around $500 million, Reuters reported.
Japan’s J-Star makes another healthcare buy
Tokyo-based J-Star has taken a majority stake in HCM, KK., a domestic provider of in-home care services, for undisclosed sum.