Investments
General Atlantic branches into Singapore
General Atlantic (GA) has opened an office in Singapore, adding to an Asian presence that already includes bases in Beijing, Mumbai and Hong Kong. Managing Director Abhay Havaldar will lead a team tasked with expanding the private equity firm’s reach...
Morgan Stanley extends property fund's investment period - report
Morgan Stanley Real Estate Investing has received approval from LPs to increase the investment period of its $4.7 billion property fund, Morgan Stanley Real Estate Fund (MSREF), by one year.
IL&FS invests $39m in Indian real estate project
IL&FS Investment Managers (IIML) has invested INR2 billion ($38.8 million) for a 9.4% stake in a firm that is developing the Bharat Mills real estate project.
Reliance seeks loan from CDB
India’s second-largest mobile operator Reliance Communication, which has been struggling to sell its telecom tower arm, is in talks with China Development Bank (CDB) for a loan to restructure its debt.
GIC-backed Fortis Healthcare India bolts on Fortis International
Fortis Healthcare, the listed India-based chain of hospitals backed by Government of Singapore Investment Corp. (GIC), has completed the bolt-on acquisition of Fortis Healthcare International for $665 million.
Nomura postpones India infrastructure fund - sources
Japanese financial group Nomura Holdings has postponed its plans to launch a $500 million India-focused infrastructure fund due to the uncertain economic environment.
SCF and Vibernum in Vautron buyout
US private equity firm SCF Partners and Australia’s Viburnum Funds have acquired a majority stake in the newly created Vautron Group as part of a buyout transaction.
PE investment in Indian real estate up 69% in 2011
Private equity investment in Indian real estate firms increased by 69% to $2.68 billion in 2011.
Mayfield fund completes its exit from Fourcee
Mayfield India Fund has completed its exit from Fourcee Infrastructure Equipment, coming as General Atlantic (GA) invested up to $125 million as part of a third round of funding for the logistics company.
L Capital backs Chinese clothes maker Xinhe
Private equity firm L Capital Asia, sponsored by multinational luxury brand LVMH, has supported Xinhe Fashion by increasing its investment to become the company’s second-largest equity stakeholder.
Navis exits Dunkin' Donuts, Au Bon Pain in Thailand
Navis Capital Partners has completed the sale of its stake in Dunkin’ Donuts and Au Bon Pain in Thailand to local-listed Sub Sri Thai Public Company (SST) for THB1.32 billion ($41.6 million). It has secured an approximately 2.45x on its initial investment....
Northern Light supports first Sino-US incubator
Northern Light Venture Capital has launched Silicon Valley’s first Sino-US incubator in conjunction with Tsinghua University Science Park, Shui On Group and Silicon Valley Bank. Known as InnoSpring, the incubator will target startups seeking to enter...
INCJ expects more overseas deals in 2012
Innovation Network Corp of Japan (INCJ) has said that it plans to invest more in overseas acquisitions by Japanese companies this year.
Beacon India buys 1% of Bay Capital-backed Sterling
Growth capital firm Beacon India Private Equity has acquired close to 1% of listed hospitality firm Sterling Holiday Resorts, which is backed by Bay Capital Investments.
Lunar Capital backs Chinese babywear firm
China-focused private equity firm Lunar Capital has backed the management buyout of babywear company China Yeehoo Apparel for an enterprise value in excess of $100 million.
'Sweat equity' wins Lunar $100m Yeehoo deal
China-focused private equity firm Lunar Capital has backed the management buyout of babywear company China Yeehoo Apparel for an enterprise value in excess of $100 million.
Big money deal for big data giant Mu Sigma
The amount of data in the world doubles every 18 months. Thanks to social networking, internet-enabled mobile phones and government surveillance, five times more digital information will be created this year than in 2008, according to market intelligence...
Fourth quarter analysis: The end of multiples arbitrage?
Fourth-quarter analysis: Growth capital investments flounder; established GPs thrive in difficult markets; trade and secondary sales fail to pick up the capital markets slack.
The changing face of Asia cleantech
New energy investment is becoming more specialized and service-oriented. Are venture capital firms moving fast enough, and far enough, to stay ahead of the game?
The irresistible rise of corporate VC
Corporate venture capital units are the elephant in the room. No matter where you tread in the VC sphere, these operators make an appearance – but rarely in the same form.
Baring buys stake in NYSE-listed Ambow Education
Baring Private Equity Asia has acquired a stake in Chinese education services provider Ambow Education Holding in conjunction with the company's management.
PEP to stick with $730m offer for Spotless
Pacific Equity Partners (PEP) said its $730 million bid is a compelling offer for Spotless Group, in a move which appears to rebuff the cleaning services company’s demand for a higher price.
KKR in takeover bid for Australia's PacBrands
KKR has launched an unsolicited takeover bid for listed Australian clothing and related consumer brands wholesaler Pacific Brands (PacBrands).
GA invests $125m in India's Fourcee
General Atlantic (GA) is investing up to $125 million for a minority stake in Fourcee Infrastructure Equipment, a Mumbai-based logistics firm.