Investments
Alibaba seeks $4b loan to support Yahoo buyback
Alibaba Group has approached lenders about financing part of the company’s buyback of a 40% stake currently held by Yahoo. The Chinese e-commerce firm is seeking a $4 billion loan to support the purchase.
Tata, Aavishkaar subscribe to $6.9m Vortex round
Venture capital investors Tata Capital and Aavishkaar have participated in a INR370 million ($6.9 million) funding round for Indian ATM manufacturer Vortex Engineering.
CHAMP secures $130m debt for oOh!media deal
CHAMP Private Equity has reportedly secured a senior debt package worth A$130 million ($130 million) to support its take-private of Australian out-of-home advertising firm oOh!media.
NSR nears VRL investment
New Silk Route (NSR) is reportedly in discussion with Indian transport and logistics firm VRL Logistics for an INR1.5 billion ($26 million) investment.
CVC, state-owned fund make $1.65b bid for QSR in Malaysia
CVC Capital Partners and Johor Corp., the investment unit of the Malaysian state of Johor, have placed an RM5.24 billion ($1.65 billion) bid for QSR, the holder of fast food chains KFC, Pizza Hut and QSR Brands.
Warburg Pincus ups stake in China Biologic Products
Warburg Pincus Private Equity has upped its stake in human plasma collection company China Biologic Products (CBPO), in its tenth purchase of shares in the company this year.
Investcorp sells stake in Redington unit to Indian parent
Gulf-based alternative asset manager Investcorp has sold its 26% stake in Redington International to the subsidiary’s private equity-backed parent company, Redington India.
The year that was
Asia’s private equity industry began 2011 on a high. With the recession apparently in the tail view mirror, Asian investors were rearing to invest and raise – as were global investors, who were energized by the prospects of the region’s top markets, growth...
CHAMP PE approved for oOh!media buyout
CHAMP Private Equity has received unanimous approval by the board of directors of Australian out-of-home advertising firm oOh!media to purchase the company for A$163 million ($163 million), capping off the firm’s 2011 on a high and marking its first buyout...
Asian private equity to return to full force in 2012?
As it is customary for this time of the year, many of the professionals in Asian private equity are beginning to go on their holidays. While dealmaking activity continues for some of the harder working ones, it is clear that activity is becoming slower....
Australia's Goodman, Canada Pension recapitalize China JV
Australian property and logistics firm Goodman Group and Canada Pension Plan Investment Board have infused their joint venture, Goodman China Logistics Holding (GCLH), with an additional $250 million, doubling the JV’s capacity to a total of $500 million....
Matrix and Greylock boost Chinese app developer with $15m
Matrix Partners China and Greylock Partners have subscribed to a $15 million Series B round of funding for the company behind Chinese mobile application Flights Manager.
Quadrant-backed Media Monitors bolts on China Clipping
Media Monitors, the media intelligence company owned by Quadrant Private Equity, has secured a bolt-on acquisition in the form of media monitoring firm China Clipping.
UTI Capital invests $19m in Indian oil JV
UTI Capital, the private equity arm of UTI Asset Management, has invested INR1billion ($18.8 million) for a 4% stake in Mumbai-based Indian Oiltanking.
PEP in running for Petsfoods takeover
Pacific Equity Partners is reportedly the sole bidder left to take over Australian pet food maker VIP Petfoods after CHAMP Private Equity dropped out of the process.
Matrix injects $4m in Waterlife India
Matrix Partners India has invested INR220 million ($4.2 million) in drinking water supplier Waterlife India.
IEP acquires TNT's Indian road business
India Equity Partners (IEP), through its logistics subsidiary, has acquired the Indian road operations division of Netherlands-based delivery services company TNT Express.
Sportswear Holdings to exit Michael Kors via IPO
Sportswear Holdings, the Hong Kong-based private equity firm owned by Silas Chou and Lawrence Stroll, plans to exit its stake in Michael Kors via the company’s imminent IPO.
CHAMP buys oOh!media for $163m
CHAMP Private Equity has acquired Australian outdoor advertising firm oOh!media for A$163 million ($163 million), receiving unanimous approval from the company’s directors after failing to receive a higher bid.
Greylock, Battery-backed Taggle closes down
Taggle, the Indian online retailer backed by Greylock Partners and Battery Ventures, closed its doors last week, reportedly squeezed out of the market due to competition.
Prudential, Woori in mix for Tong Yang stake - report
Trade players including US-based insurance major Prudential Financial and Korean financing services firm Woori Finance Holdings are reportedly considering bids for South Korea's Tong Yang Life Insurance, which is 60.7%-owned by Vogo Fund.
KKR ups stake in Far East Horizon
KKR has upped its stake in Far East Horizon, a division of Chinese trading conglomerate Sinochem Group.
Bravia Capital eyes Kingfisher Airlines deal
Hong Kong-based private equity firm Bravia Capital is reportedly considering investing in debt-ridden Indian airline Kingfisher.
Oaktree, SVP consider Ferretti exit to Chinese trade buyer
Private equity groups Oaktree Capital and Strategic Value Partners (SVP) are considering exiting their shareholdings in Italian luxury yacht maker Ferretti to a Chinese trade buyer.