Investments
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...
GIC commits $100m to Indian eye-care chain
Already worth $40 billion and expected to double in size with compound annual growth of 21%, India’s healthcare market is certainly on the radar of private equity investors. Hospitals and treatment centers – a play on rising domestic consumption and...
Greenpark, IFC target emerging markets secondaries
Greenpark Capital's tie-up with International Finance Corp. (IFC) to create a $500 million emerging markets secondaries fund (EMSF) makes a lot of sense. The former has plenty of experience in secondary investments but a limited emerging markets presence;...
Blue Sky boosts Alcidion with $2.8m - report
Listed fund manager Blue Sky Alternative Investments has funneled A$2.6 million ($2.8 million) of capital into Australian health informatics firm Alcidion.
F&H invests in Wise Entertainment
F&H Fund Management has invested in Singapore's Wise Entertainment - a company named after the city state's twin composers and music producers Lee Wei Song and Lee Si Song (Wei) and (Si).
WestSummit backs China's Union Optech
China-based technology investor WestSummit Capital has led a funding round for Chinese optical lens provider Union Optech.
ChrysCapital invests $31m in Karur Vysya Bank
Private equity firm ChrysCapital has invested INR1.6 billion ($31 million) for a 3.92% stake in India's Karur Vysya Bank as part of a PIPE transaction.
INCJ to buy UK wind power firm for $850m
Japanese state-sponsored fund Innovation Network Corp of Japan (INCJ) is tipped to buy a 50% stake in British wind power engineering firm Seajacks International for around $850 million.
Carlyle, Everstone join race for Thomas Cook India - report
The Carlyle Group, Everstone Capital, TA Associates and Bravia Capital have joined the likes of KKR and Actis in competing for Thomas Cook India.
NAB offloads debt in CVC-backed Nine Entertainment
National Australia Bank (NAB) has sold off its entire holding of debt in CVC-backed Nine Entertainment. The bank offloaded A$86 million ($90 million), with media reports quoting a price of A$0.85-087 on the dollar.
GIC commits $100m to Vasan Healthcare
Government of Singapore Investment Corp. (GIC) has invested $100 million for a minority stake in Vasan Healthcare, which runs eye care hospitals across India. The transaction is the largest PE deal in the country's healthcare industry since Olympus Capital’s...
Subsea backs NZ mining project
Subsea Investments II, a private equity fund backed by US-based LPs, will invest up to $7 million for shares issued by NZAX-listed Chatham Rock Phosphate (CRP).
Baring, Sequoia invest $29m in Manappuram
Baring Private Equity Partners India and Sequoia Capital India have invested INR1.3 billion ($29 million) to increase their stake in Manappuram Finance, a non-bank financial company (NBFC) specializing in loans based on gold.
Lilliput founder says L Capital has submitted bid
Lilliput Kidswear’s founder and managing director claims to have received an offer for the struggling business from L Capital, the private equity arm of luxury goods giant LVMH. A sale would facilitate the exit of Bain Capital and TPG Capital.
Everstone in talks with Indian spa salon operator
Everstone Capital is negotiating the purchase of a majority stake in Indian spa salon chain You Look Great (YLG). Helion Venture Partners, an existing investor in the company, is also participating in the talks.
Australia Music Group gets private equity lifeline
Revere Capital has injected funding into Australia Music Group (AMG) as part of internal restructuring efforts. Like many retailers in Australia, the company is struggling during a period of poor consumer sentiment.
TVS, IFC back Dunar Foods with $25m
TVS Capital and International Finance Corp. (IFC), the investment arm of the World Bank, have invested INR1.24 billion ($25 million) for a minority stake in Indian basmati rice supplier Dunar Foods.
Gobi reaps 60% IRR on CIB trade sale
Venture firm Gobi Partners has reaped an IRR of 60% on the sale of its minority stake in Malaysian online games operator CIB Development to listed gaming company Asiasoft.
Cross-border consumer forces
A combination of risk and escalating valuations make some consumer-oriented investors wary of Indonesia. Building a scalable brand elsewhere in the region is a lower-risk route into the country
Infrastructure: Big market, slow progress
Indonesia’s substandard infrastructure represents a huge investment opportunity and the government is taking steps to ensure foreign players can participate. However, returns will only come to those who wait
Indonesia investment: Uncharted territory
For all its attractions, Indonesia remains a difficult – and expensive – market for foreign private equity firms. Identifying value rests on building up local knowledge and expertise