Investments
CBC sets up Chinese venture with Evernote
China Broadband Capital (CBC) is working with US-based app maker Evernote on a China joint venture. It comes after the PE player led a $70 million Series D investment in the company alongside Meritech Capital.
Micron closes in on Elpida acquisition – report
Micron Technology has reportedly won the right to exclusive talks over the acquisition of bankrupt Japanese chipmaker Elpida Memory, beating rivals including TPG Capital and Hony Capital.
IFC to boost Equitas, Ujjivan MFIs with $28m
International Finance Corp (IFC) is planning to inject INR1.5 billion ($28 million) into two Indian microfinance institutions: Equitas Microfinance and Ujjivan Financial Services.
China VC investment lowest in five years – VentureSource
Venture capital investment in China fell to its lowest level in more than five years in the first quarter of 2012, according to Dow Jones VentureSource. A total of 45 deals were completed, raising $745 million, down 39% by volume and 56% by value on the...
Goldman exits NZ retirement villages to Metlifecare
Goldman Sachs has exited its majority stake in New Zealand retirement village operator Vision Senior Living to Metlifecare. The acquisition – which includes Private Life Care Holdings as well as Vision – will be financed through Metlifecare issuing new...
Blackstone nabs StarHub Green for $210m - report
The Blackstone Group is thought to have purchased Singapore’s StarHub Green building for $210 million, in its first major real estate acquisition in the city state.
Temasek generates $2.5b from China banks sell down
Temasek Holdings has sold down $2.48 billion of shares in Bank of China (BoC) and China Construction Bank (CCB). It comes less than a month after the Singapore sovereign wealth fund picked up a $2.3 billion stake in Industrial and Commercial Bank of China...
RVCF invests $2.8m in Frontier Lifeline
Rajasthan Venture Capital Fund (RVCF) has invested INR150 million ($2.8 million) for an 11% stake in Indian hospital Frontier Lifeline via a capital increase.
Lion to make 5x money on Weetabix sale to Bright Food
Consumer investor Lion Capital has sold 60% of UK-based cereal company Weetabix to China’s Bright Food Group, in a deal that values the company at GPB1.2 billion ($1.9 billion), including debt. The move comes weeks after the buyer denied reports that...
Archer, CHAMP among bidders for CVC's Mantra - report
Archer Capital and CHAMP Private Equity are reportedly among the PE firms bidding for Australia’s Mantra Group, which CVC Asia Pacific put up for auction in March.
Jacob Ballas injects $38m in Marg Karaikal Port
Private equity firm Jacob Ballas Capital has provided Marg Karaikal Port, a unit of infrastructure and real estate company MARG, with a $38 million cash boost.
Dutch pension funds invest $122m in Lemon Tree Hotels
Dutch pension fund manager APG has invested INR6.5 billion ($122 million) in Lemon Tree Hotels, India's largest chain of upscale hotels and resorts.
Leopard Capital to raise frontier markets PIPE fund
Leopard Capital Management is launching a long-only fund that will target PIPE deals in up to 12 frontier markets in Asia. It will invest in sectors perceived to drive frontier economies, including consumer products, financial services, infrastructure...
PAG buys portfolio companies from Harmony Capital
PAG has taken full ownership of Harmony Investment Fund, and its associated portfolio companies, from Singapore-based Harmony Capital Management, sources familiar with the development told AVCJ.
Actis completes full management buyout with $100m deal
The UK government is on course to recoup more than $100 million by exiting its stake in Actis. The private equity firm’s management will buy the government’s 40% holding for GBP8 million ($13 million) in cash and also hand over a portion of the carried...
Carlyle backs China Forestry despite damning report
The Carlyle Group believes troubled portfolio company China Forestry Holdings still holds value despite the firm admitting last week that it was only able to account for 1% of its historical sales. Hong Kong-listed China Forestry has been suspended from...
ChrysCapital no fair-weather friend to Intas
Back in 2005, the principal concern for much of India’s rural population was where their next meal was going to come from. Over the past seven years, however, the spoils of rapid economic growth have trickled down through the social strata. Rural residents...
NSR to take local food national
South Indian cuisine specialist Vasudev Adiga’s is the first part of New Silk Route’s plan to take on the multinationals by creating a domestic casual dining conglomerate in India
India hospitals: Capital cure
Badly in need of consolidation and infrastructure investment, India’s hospital chains are an attractive target for private equity. But identifying suitable targets and getting them to scale up remains a challenge
Don't speak too soon on China buyouts
It has long been accepted that China is not a buyout-friendly market. Sizable assets are either in the hands of entrepreneurs who are unwilling to sell or government-linked entities that are prohibited from doing so. Even if a control transaction is available,...
Navis exits label manufacturer Trimco to Partners Group
Navis Capital Partners has sold its majority stake in Trimco International Holdings to Partners Group. The size of the deal was not disclosed but the combination of exit proceeds and dividends received over a seven-year holding period will leave Navis...
Korean government plans another attempt at Woori sale
The South Korean government will make another attempt to divest its stake in Woori Finance Holding, setting a July 27 deadline for preliminary bids. Prospective buyers must bid for at least 30% of Woori, which means the deal would be worth at least KRW2.9...
Accel, IDG back Forus Health with $5m
Venture capital firms Accel Partners and IDG Ventures India have led a $5 million Series A round of funding for Indian medical technology company Forus Health.
Xander completes $40m buyout of Indian office site
Xander Real Estate Partners, the property-focused PE arm of global investment firm The Xander Group, has acquired a Grade A office park in Chennai for $40 million from Appaswamy Real Estates.