Investments
PE firms eye larger Australia deals - AVCJ Forum
Private equity investors expect to see more large-cap deals in Australia as the liquidity boom in the US provides increased capacity for debt financing.
AID Partners makes bet on HMV
The rise of services like iTunes and Spotify are enough to make any record store business shudder. Factor in the proliferation of file-sharing services and online piracy, and it is inevitable former giants like the UK's HMV seem to be going the way of...
China secondaries: When push comes to shove
China GPs are under pressure to return cash to investors but IPO exits are challenging. Secondary sales are emerging as an option. Who best placed to deliver on the US dollar and renminbi sides?
Portfolio: Navis Capital and Malaysia's Alliance Cosmetics
Alliance Cosmetics was already the dominant force in Malaysian make-up market when it was acquired by Navis Capital Partners in 2010. The next step was to use this experience to break into Indonesia
Australia webinar: Consistency matters
Australia's private equity industry has seen robust deal flow in recent years and LPs remain committed to the asset class, albeit to a fewer number of GPs. Industry participants expect this to continue
Brookfield among suitors for CapitaLand's Australand - report
Canadian private equity firm Brookfield Asset Management is said to be among several investors targeting real estate developer Australand Property Group.
India's Grameen Koota raises $9.6m from VCs
Indian's Grameen Financial Serivces (GFS), also known as Grameen Koota, has raised INR532 million ($9.6 million) from Creation Investments, Incofin Investment Management and MicroVentures in its third round of funding.
PE-backed Blue Star entities pick up assets from Geon
Blue Star’s Australia and New Zealand entities, which are now run by two separate private equity-backed management groups, have agreed to buy assets from struggling rival printing company Geon.
Pragnya invests $10m in India, Sri Lanka property projects
Indian real estate private equity firm Pragnya Advisors has invested $5 million in a residential project in Bangalore and another $5 million in an office space development in Colombo, Sri Lanka.
Avendus launches third India PIPE fund
Avendus Private Equity has launched its third PIPE fund. India Opportunities Fund III is targeting INR5 billion ($91 million) and will focus on investments in high quality mid-cap companies.
Aditya Birla-backed Tree House to acquire Brainworks
Pre-school management company Tree House Education, backed by Aditya Birla Capital Advisors, is to acquire 100% of Brainworks Learning Systems, a national chain of pre-schools. Brainworks is part of Better Value Brands.
Morgan Stanley to complete $147m China dairy take-private
Morgan Stanley Private Equity Asia (MSPEA) is on the cusp of completing a $147 million buyout of Chinese dairy producer Feihe International after the board accepted a bid from the PE firm in conjunction with the company’s chairman and CEO. It is the...
Warburg Pincus-backed ACB India plans to raise $200m through IPO, OFS
ACB India, a coal preparation plant operator backed by Warburg Pincus, is planning to raise as much as INR11 billion ($200 million) through an IPO and offer for sale (OFS) later this month.
CapitalAsia backs Canadian copper miner
CapitalAsia has agreed to invest $1.2 million in Toronto-listed copper miner Cadillac Ventures via the Sino-Canada Natural Resources Fund.
No date set for resuming China IPO approvals – CSRC
The China Securities Regulatory Commission (CSRC) has yet to set a timetable for resuming IPO approvals, scotching rumors that it would start pushing through new candidates in April, an official from the securities watchdog told Xinhua news agency.
Apax, Permira-backed New Look eyes China expansion
UK fashion retailer New Look, which is backed by Apax Partners and Permira, is looking to expand into China.
India to tax buyback exits by foreign investors
India plans to impose a 20% withholding tax on foreign investors in private companies who exit their holdings through a buyback of shares. Investments routed through jurisdictions such as Mauritius and Singapore to take advantage of double tax treaty...
JAFCO invests $5 million in HiringBoss
Japanese venture capital firm JAFCO has put $5 million into HR software provider HiringBoss in a Series A round of funding.
Apax Partners continues Apollo Hospitals exit
Apax Partners has continued its exit of Apollo Hospitals, selling a 3.8% stake for INR4.4 billion ($83 million).
7 Days board agrees to PE-backed buyout
Chinese budget hotel chain 7 Days Group has accepted a take-private offer from its co-chairmen and three private equity investors that values the company at approximately $688 million. Two PE firms, The Carlyle Group and Sequoia Capital, were initially...
Archer-owned Australian Aged Care buys Lend Lease's care unit
Australian Aged Care Partners, an Archer Capital portfolio company, has agreed to buy property group Lend Lease's aged care unit for A$270 million ($276 million). The transaction is expected to be completed by the end of March 2013.
Northstar, tycoon buy stake in Hutchison’s Indonesia unit
Northstar Pacific Partners is part of an investor group that has purchased a 35% stake in Hong Kong-based Hutchison Whampoa’s Indonesian telecom business. The transaction facilitates the exit of Thai conglomerate Charoen Pokphand.
Carlyle-backed China Fishery in $277m Peruvian deal
China Fishery, an industrial fishing company part-owned by The Carlyle Group, will pay $555.8 million for Peruvian counterpart Copeinca. The acquisition will make China Fishery the largest player in the world’s largest market by volume for fishmeal...
AID Partners buys HMV's Asia operations
AID Partners has bought music and movie retailer HMV's operations in Hong Kong and Singapore, plus all its licenses in mainland China, Macau and Taiwan.