Investments
India alters rules on anchor investors, PE disclose for IPOs
Anchor investors in IPOs by Indian companies must put in at least INR50 million under new rules introduced by the Securities and Exchange Board of India (SEBI). The threshold, designed to ensure that only serious players enter the fray, comes alongside...
KKR, TPG in talks for Nomura's real estate arm
KKR and TPG are among the PE firms said to be engaged in preliminary talks with Japan’s Nomura over a possible buyout of the investment bank’s real estate arm.
KKR-led consortium bags Samson for $7.2b
A KKR-led consortium, which includes Japan's Itochu Corp, has agreed to buy Samson Investment Co. for $7.2bn in the second largest private equity deal globally this year.
JPMorgan to back Bangalore residential property projects
A JPMorgan proprietary fund will invest INR2 billion ($40 million) in five Bangalore-based residential projects being developed by Nitesh Estates. With the US investment bank’s backing, the Indian real estate firm is expected to raise debt to fund the...
Indian tech VC: Where's the exit?
MakeMyTrip’s stellar IPO on NASDAQ last year has a host of other companies preparing to follow suit. The implications for VC are unclear
In defense of PIPEs
India fund managers see investments in public equities as part of a flexible strategy that is essential to success in the country
Abax, chairman lower MBO offer for Fushi Copperweld
Abax Global Capital and the chairman of Fushi Copperweld have lowered their buyout offer for the Chinese company. They are proposing to pay $9.25 per share, down from $11.50 announced in November of last year, which values the deal at about $353.4 million....
KKR offer spurned by Transpacific
Private equity giant KKR has been rejected in its eleventh-hour attempt to subscribe to Australian waste manager Transpacific Industries Group's capital-raising initiative.
GE boosts CHAMP-backed Accolade with $234m loan
European lender GE Capital has provided Australia’s Accolade Wines, owned by CHAMP Private Equity, with a GBP150 million ($234 million) cross-border financing facility.
VC firms file claim against VisionChina for at least $60m
Oak Investment Partners and Gobi Partners have filed a motion with a US court seeking at least $60 million from VisionChina over its failure to make payments relating to the acquisition of Digital Media Group (DMG) last year.
Temasek confirms increase in CCB holding
Temasek Holdings announced Monday that it has increased its holding in China Construction Bank (CCB) to 9.42% from 8.10%. The transaction, disclosed in a filing with the Hong Kong Stock Exchange, took place on November 11, around the time that Bank of...
PE, Itochu-led consortium near $7b Samson acquisition
A KKR-led consortium, that is said to include Japan's Itochu Corp., is nearing the acquisition of Oklahoma-based oil- and natural-gas producer Samson Investment for $7 billion. It will mark one of the world’s most expensive PE buyouts this year if the...
Archer, Ironbridge exit iNova Pharmaceuticals for $690m
Archer Capital and Ironbridge Capital have exited iNova Pharmaceuticals to Canada’s Valeant Pharmaceuticals in a deal worth up to A$700 million ($690 million). Valeant will pay A$625 million up front plus a further A$75 million based on the success of...
Apax-backed iGate plans to take Patni private
Apax Partners-owned iGate plans to buyout Patni Computer Systems’ minority shareholders and delist the company from the Bombay Stock Exchange, National Stock Exchange of India and the New York Stock Exchange. The purchase will be funded through a debt...
Bain sells JV interest in two Chinese chemicals companies
Bain Capital has exited its stake in Chinese companies Hipro Polymers and Casda Biomaterials to Arkema, France’s leading chemicals producer. The acquisition, which puts an enterprise value of $365 million on both companies, is subject to Chinese regulatory...
Kingfisher closes in on $370m injection
Debt-ridden Indian airline Kingfisher is nearing the close of a $370 million recapitalization deal with an Indian private investor and a group of banks that should prevent it from collapsing.
Lone Star ordered to sell down KEB stake within six months
Lone Star has been ordered to sell down the majority of its 51% stake in Korea Exchange Bank (KEB), South Korea’s sixth-largest bank by assets, to 10% or less within six months. This has reportedly prompted US-based Lone Star to seek out buyers as its...
Kumho Industrial to sell assets to private equity
South Korean construction and transportation firm Kumho Industrial is reportedly looking to divest KRW1 trillion ($884.5 billion) worth of assets to approximately 10 private equity funds.
Asian IPO best Formula One exit for CVC - Ecclestone
CVC Capital Partners-owned Formula One Group, which owns the motor sport’s commercial rights, would list in Hong Kong or Singapore if a decision was made to take it public, according to CEO Bernie Ecclestone.
Lenders 'will reject debt plan' for CVC-backed Nine
CVC Asia Pacific's proposed debt restructuring plan for its portfolio company Nine Entertainment is expected to be rejected, following talks between the private equity firm and lenders on Friday.
SAIF Partners backs iStream.com with $5m
Private equity firm SAIF Partners has backed A2 Media, the publisher of online video site iStream.com, with $5 million in equity financing.
Carlyle and New York Life in talks for $100m Everonn PIPE
The Carlyle Group and New York Life Capital Partners are in talks to buy a stake in India's largest technology-enabled education firm, Everonn Education, for $100 million.
Advantage, Bain among bidders in final round of Yayoi auction
Advantage Partners, Bain Capital and financial services firm Orix Corp. have reportedly advanced into the final round of bidding for MBK Partners-owned Japanese accounting software developer Yayoi, which is expected to be one of the biggest sales in the...
Goldman raises $1.1b in ICBC stake dilution
Goldman Sachs' investment in the Industrial & Commercial Bank of China (ICBC) looks to be paying off. Across three separate stake sales, the US investment firm has more than doubled its original capital commitment, and it still owns a 2.4% stake in the...