Investments
PE firms wary of India's proposed tax law changes
Foreign private equity investors remain concerned about perceived ambiguities in India’s proposed anti-avoidance legislation, which impacts the tax treatment of offshore structures used to channel capital into the country. The legislation forms part of...
TPG, Carlyle in talks for Fortis stake – report
TPG Capital India and The Carlyle Group are reportedly in talks to buy a 15-20% stake in Fortis Healthcare India, the listed chain of hospitals backed by Government of Singapore Investment Corp.
Japan's PE firms on trade sale hunt
Japanese buyout firms are making plans to offload a portion of their local portfolio companies via trade sales this year.
PVG Venture Capital buys 3% of CMGE
PVG Venture Capital has acquired 3.3% of China Mobile Games and Entertainment (CMGE), a company engaged in the development and operation of mobile games.
India relaxes rules on secondary deals by foreign PE firms
Foreign private equity and venture capital firms now have license to pursue direct secondary transactions in India after the country’s central bank relaxed regulations on their activity. It potentially opens the door to a string of asset purchases from...
F&H backs Song brothers' singing school
Ask Chinese music fans to name famous Singaporean exports, and they’re likely to mention Stephanie Sun and JJ Lin. Aside from both being hugely popular in China’s Mando-pop scene, what each of these singers has in common is that they were both trained...
Helion remains committed to early-stage deals
Helion Venture Partners has restricted its third fund to $255m despite oversubscriptions. It will continue to focus on early-stage investments in the technology and consumer space
STIC sees 3.6x return on golf simulator deal
Young-Chan Kim went to the US in the 1990s to work for Samsung Electronics. He returned to South Korea with a business idea that has brought golf to the masses. Twelve years since its inception, Golfzon is the world’s leading golf simulation company,...
MSPE Asia secures its largest ever Asia deal
Supporting domestic companies keen to expand into overseas markets has become a core element of most PE investors’ China strategies. Morgan Stanley Private Equity (MSPE) Asia found the prospect of working on such efforts with Tianhe Chemicals Group sufficiently...
China's corporates embrace VC
Once start-ups in their own right, China’s leading technology companies are emerging are key players in the corporate venture capital space. What does it mean for incumbent investors?
Warburg Pincus sells Kotak Mahindra stake for $272m
Warburg Pincus has fully exited India’s Kotak Mahindra Bank by selling the remaining 3.6% stake it held in the institution for INR14 billion ($272 million) on the public markets.
CITIC Capital target AsiaInfo to consider other bids
AsiaInfo-Linkage, the US-listed telecom software manufacturer that is subject to a buyout offer from CITIC Capital, plans to consider privatization proposals from other parties. This comes one month after reports that several private equity firms and...
Saratoga to sell part of Tower Bersama stake - report
Indonesia-focused Saratoga Capital has started the sale process for part of its stake in telecom tower business PT Tower Bersama Infrastructure, alongside two other investors.
New Silk Route mulls Adiga's deal
Growth capital firm New Silk Route Partners is in talks to buy a sizable stake in Adiga's, a chain of south Indian vegetarian restaurants and fast food joints.
VC-backed Anaphore bolts on China's RuiYi
Anaphore, a US developer of protein pharmaceuticals backed by VC firms 5AM Ventures and Versant Ventures, has acquired Chinese biologics drug discovery platform RuiYi.
Korea Life makes final bid for Vogo's stake in Tong Yang Life
Korea Life Insurance has submitted a final bid for Vogo Investment’s controlling stake in Tong Yang Life Insurance. Vogo is seeking to exit 60.7% of its 64% interest in the business in order to capitalize on the scarcity value of a controlling stake in...
Warburg Pincus, TPG-backed Neiman Marcus enters China
Neiman Marcus Group, the US luxury retailer owned by Warburg Pincus and TPG Capital, has invested $28 million for a minority stake in Hong Kong-based luxury e-commerce site Glamour Sales.
KNOC backs Apollo-led purchase of US oil assets
Korea National Oil Corp. (KNOC) will join a consortium led by Apollo Global Management that has agreed to buy US-based El Paso’s oil and gas exploration business for $7.15 billion. The assets are being sold by Kinder Morgan as part of its $21 billion...
MSPE Asia invests $300m in China's Tianhe Chemicals
Morgan Stanley Private Equity Asia (MSPE Asia) has invested $300 million in China’s Tianhe Chemicals Group and created a strategic partnership with the specialty chemicals company in order to aid its expansion overseas. It is the largest single investment...
PremjiInvest invests $24m in India's Trent
PremjiInvest, the private equity vehicle backed by Wipro Group chairman Azim Premji, has channeled INR1.2 billion ($24 million) into Trent, the retail arm of Indian conglomerate Tata Group.
Fubon linked to buyout of Carlyle-backed Ta Chong
Fubon Financial, parent of Taiwan’s second largest life insurance firm, has announced plans to acquire a bank, prompting speculation that mid-sized Taiwanese lender Ta Chong Bank is the target.
Carlyle reinitiates AvanStrate IPO
The Carlyle Group has re-initiated proceedings to list Japanese LCD glass manufacturer AvanStrate, thanks to improved stock market conditions in Japan.
Profile: NewQuest's Darren Massara
Darren Massara is familiar with difficult investment environments the world over. He is relying on these experiences to help NewQuest find success in Asia’s direct secondaries market
Gobi makes lucrative early exit from CIB
Gobi Partners had big plans for CIB Development. The venture firm received the green light to invest in the Malaysia-based online games operator in 2010 and put together a strategy that would boost exposure in Indonesia, the region’s largest gaming market....