Investments

CapVent taps into Indian water market

Access to potable water is limited in India with groundwater in one-third of the country’s 600 districts tainted by high levels of fluoride, iron, salinity and arsenic. Meanwhile, tap water is mostly undrinkable.

Navis plugs into Southeast Asia energy demand

Southeast Asia's hunger for energy cannot be overstated. Of the region’s 600 million inhabitants, a staggering 160 million live without electricity. According to a report published last year by the National University of Singapore’s Energy Studies Institute,...

Angels say SE Asia ripe for 500 Durians

Dave McClure, Silicon Valley super angel and founding partner of 500 Startups, was on the road in Asia once again this month as part of his firm’s “Geeks on a Plane” (GOAP) tour. While this was not the first time the tech-focused venture capital firm...

China IPOs: Different this time

There are signs that the China listings logjam is gradually becoming unstuck, sowing seeds of hope for PE equity and VC investors fielding awkward questions from LPs about liquidity horizons. But markets are unlikely to bounce back to their former highs...

DEG invests $12m in Indian hospital chain

German Investment and Development (DEG), a development finance institution, has invested INR700 million ($12 million) in the Ivy Healthcare Group which runs a chain of super specialty hospitals in the north Indian state of Punjab.

Apollo exits Welspun Maxsteel stake to promoter

Apollo Global Management has sold a 12.5% stake in India’s Welspun Maxsteel Limited (WMSL) to parent company Welspun Corp at a 30% discount to the fair market value. It’s the second part of a larger INR22.5 billion ($502.9 million at the time) deal between...

Quadrant-backed Virtus Health jumps 9% on ASX debut

Shares in Virtus Health, an Australian in-vitro fertilization company backed by Quadrant Private Equity, closed up 9% at A$6.20 on its first day of trading on the Australian Securities Exchange. The IPO had been priced at the top end of the indicative...

Taiwan scores poorly on attracting PE – white paper

Taiwan’s government promised to revise rules on foreign investment and facilitate the inflow of private equity capital after a report issued by the American Chamber of Commerce in Taipei (AmCham) delivered a stinging criticism of the domestic investment...

China's LightInTheBox raises $79m through US IPO

VC-backed Chinese online retailer LightInTheBox saw its stock jump 22% on its first day of trading in New York, following an IPO that raised $79 million. It is the first Chinese company to go public in the US this year, and only the second to make the...

Secondaries valuations remain challenging – KIC

Korea Investment Corporation (KIC) will increase its allocation to alternatives to as much as 25%, up from 15%, but CIO Don Lee said there were no immediate plans to add managers in the secondary space, citing valuation challenges in the market.

Regulator blocks Anacacia exit of Rafferty's to Heinz

Anacacia Capital’s sale of baby-food producer Rafferty’s Garden to H.J. Heinz has been blocked by the Australian Competition and Consumer Association (ACCC). The regulator decided that the transaction would give Heinz an unfairly dominant market position....

China Asset Management backs $332m iSoftStone take-private

Chinese IT services provider iSoftStone Holdings has received a take-private proposal from its CEO and chairman, who is working in conjunction with ChinaAMC Capital Management, an alternative investment platform affiliated to fund management company China...

CVC eyes IPO for Indonesian cable operator LinkNet - report

LinkNet, the Indonesian cable television and broadband operator in which CVC Capital Partners holds a 49% stake, is reportedly targeting an IPO this year. It would be the second share offering in 2013 by one of the private equity firm’s Indonesia-based...