Investments

Alibaba will not pursue Hong Kong listing

Alibaba Group has decided not to pursue a Hong Kong IPO after efforts to persuade the exchange to accommodate a shareholding structure that allows management to retain control of the business met with a lukewarm response. It is unclear where the listing...

Fosun invests in Hong Kong-listed Goldpoly New Energy

Fosun Group has invested in Goldpoly New Energy Holdings, a Hong Kong-listed Chinese solar power station operator, by subscribing to a $50 million convertible bonds offering. China Orient Asset Management and US-based asset management firm York Capital...

Stepstone completes Greenpark deal

StepStone Group has merged with secondaries specialist Greenpark Capital. The widely-anticipated transaction has been confirmed, but a spokesperson declined to give more information on how it was structured, citing confidentiality requirements.

KKR invests $200m in Malaysia’s Weststar Aviation

KKR has completed its first investment in Malaysia, paying approximately MYR642 million ($200 million) for a substantial minority stake in Weststar Aviation Services (WAS). It is also the first investment from KKR Asian Fund II, a $6 billion vehicle that...

Apax buys VC-backed IT developer GlobalLogic

Apax Partners is to acquire a majority stake in outsourced software product developer GlobalLogic (GL) in an all secondary deal. It has agreed to buyout existing investors WestBridge Capital, New Atlantic Ventures (NAV), New Enterprise Associates (NEA),...

Creador makes SE Asia e-payment breakthrough

Creador spent a couple of years looking for ways to enter Southeast Asia’s electronic payments space without much success. “We are a firm believer that there is a shift from cash to credit and debit solutions and e-commerce will push this to the next...

Will buyouts boss the 2013 India Awards?

India buyouts have crossed the $1 billion threshold in only two years since private equity first came to the country. Those years were, unsurprisingly, 2006 and 2007, the peak of the pre-global financial crisis boom, when total PE investment reached $7.7...

China retail: Asset-heavy to asset-light

Facing competition from e-commerce platforms, China’s traditional offline retailers are moving online – and the ideal combination is a combination of the two. PE investors are seeking opportunity in the disruption

J-Star buys ‘fourth hand’ Primagest

Primagest, a firm whose primary business is using optical character recognition (OCR) to turn documents in data, appears every bit the tech-savvy up and comer. However, it has been doing the same thing – in one form or another – for 45 years.

Panasonic unit gets KKR cure

KKR's acquisition of Panasonic Healthcare marks a return to form for the firm after its earlier efforts to acquire Japanese chipmaker Renesas were frustrated by the government-backed Innovation Network Corporation of Japan (INCJ). The deal had raised...

J-Star ups stake in Primagest

Japanese GP J-Star has completed its acquisition of a majority stake in image processing firm Primagest. The financial details of this second tranche of investment were not disclosed, but a source with direct knowledge of the matter said the mid-market...