Investments
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...
Inventus and Nexus lead $3.5m Series A round for Salorix
Inventus Capital Partners and Nexus Venture Partners have led a $3.5 million Series A round of funding for social media marketing and analytics firm Salorix.
Lazard acquires minority stake in 2XU
Lazard Australia Private Equity has acquired a significant minority stake in sports apparel brand 2XU.
CVC to meet with NINE's lenders
CVC Asia Pacific is reportedly to meet with the lenders of its Australian media company NINE Entertainment tomorrow to discuss refinancing opportunities.
Spotless rejects PEP's $700m takeover offer
Australian cleaning services company Spotless Group has rejected Pacific Equity Partners’ (PEP) A$698.3 million ($702 million) takeover offer, branding the bid as too low.
GIC ups stake in Chinese department store Intime
The Government of Singapore Investment Corporation (GIC) has raised its stake in Hong Kong-listed Intime Department Store from 2.44% to 9.08%, buying 134.2 million new and existing shares.
Aditya Birla injects $19m into Alphion India
Aditya Birla Capital Advisors Private (ABCAP), the private equity arm of the eponymous financial group, has given Alphion India an INR95 million ($19 million) cash injection.
BofA sold CCB shares to Temasek, Chinese institutions
A group comprising of Singapore’s second-largest sovereign wealth fund Temasek and several Chinese institutions have materialized as the buyers of the 10.4 billion shares in China Construction Bank (CCB) sold by Bank of America (BofA) for nearly $6.6...
Norwest and Intel lead $40m Fashionandyou.com round
Norwest Venture Partners (NVP) and Intel Capital have led a $40 million funding round in Smile Group Venture and Goldsquare Sales India, the owners of Fashionandyou.com.
Morgan Stanley in line for HCP Holdings acquisition
Morgan Stanley Private Equity (MSPE) is reportedly negotiating with Chinese packaging firm HCP Holdings to purchase an 80% stake. The deal is said to value the company at approximately $500 million.
Australian private equity continues to outperform public markets - AVCAL
Australian private equity continues to achieve better returns than the country’s stock markets, according to research cited by the Australian Venture Capital Association (AVCAL).
PEP eyes Spotless buyout - report
Pacific Equity Partners (PEP) is reportedly looking to acquire Australian cleaning services company Spotless Group for as much as A$700 million ($715 million), coming months after the ASX-listed company rejected Blackstone’s A$657 million bid.
BofA sells $6.6b of CCB shares
Bank of America (BofA) has jettisoned the majority of its remaining shares in China Construction Bank (CCB) for nearly $6.6 billion. The US bank now owns 1% of CCB, down from the 9.9% it once held.
Archer sues UK's Sage Group over MYOB deal
Archer Capital has filed an A$130 million ($133 million) suit against British software company Sage Group for damages related to its decision to end acquisition talks for Australian software maker MYOB.
TPG scales back buyouts in Europe as it ramps up in Asia - report
TPG Capital is said to be scaling back its European buyout operations amid a volatile investment environment, in a move that may result in a strengthening of TPG’s Asian focus.
TPG and Carlyle circle MCAG’s Regis
TPG Capital Partners and The Carlyle Group are said to be interested in buying Australia’s second-largest private care home operator, Regis Group.
Blackstone, Bain in bid for India's Future Capital Holdings
The Blackstone Group and Bain Capital have been identified as potential acquirers of a stake in India's Future Capital Holdings (FCH), the financial services unit of the Future Group.
Blackstone, Carlyle near Reliance tower acquisition - report
A consortium comprised of The Blackstone Group and The Carlyle Group may purchase Reliance Group’s cellular towers by December, in a deal that will finally see the Indian communications major divest its ailing tower assets.