Investments
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.
Hanhong PE buys Stonewall stake for $13m
China’s Hanhong Private Equity Investment Company has invested $13 million in Stonewall Mining, buying it a 19% stake in the South African gold miner.
Australian supers drive secondaries
The Australian superannuation funds’ ongoing move away from private equity has undoubtedly been a drawback for primary fund managers. But what of the impact on the Asian secondaries market?
Standard Chartered injects $30m in Ecoplast - report
Standard Chartered Private Equity (SCPE) has boosted Ecoplast Technologies, the world’s second largest manufacturer of starch-based bioplastics, with a $30 million cash injection.
IIF program to invest $102m in Australian venture
The Australian government has announced plans to provide venture capital funds with up to A$100 million ($102 million) of capital via its Innovation Investment Fund (IIF) program.
Blackstone's Rob Johnson resurfaces at J.P. Morgan
J.P. Morgan Asset Management has appointed former Blackstone MD Rob Johnson as its head of global business development for China real estate.
NZVIF to invest $6m in start-ups
The New Zealand Venture Investment Fund (NZVIF) is making plans to invest up to NZ$8 million ($6 million) in New Zealand-based start-up firms.
SAIF Partners invests $80m in Guodian IPO
SAIF Partners has become a cornerstone investor in the IPO of Beijing-based Guodian Technology and Environment Group by contributing $80 million to the deal.
Bain, TPG, TA circle VC-backed Trivitron
Bain Capital, TPG and TA Associates are reportedly weighing up the possibility of investing for a 10-12% stake in Indian medical device provider Trivitron Healthcare.
Thomas Cook India attracts private equity interest
Private equity houses are tipped to be interested in a purchase of the Indian arm of beleaguered UK tour operator Thomas Cook.
Hana's board approves $3.5b KEB purchase
Hana Financial Group has approved a plan to acquire the 51% stake in Korea Exchange Bank (KEB) held by US buyout fund Lone Star for KRW3.92 trillion ($3.5 billion). Pending regulatory approval, the transaction could be completed by the year’s end, signaling...