Investments
CLSA invests $20m in Indonesian auto financing firm
CLSA Capital Partners (CLSACP) has agreed to pay $20 million for a minority stake in PT Sinar Mitra Sepadan Finance (SMS Finance), an Indonesian auto financing firm.
Former Lone Star head in Korea taken into custody
Paul Yoo, the former head of Lone Star in South Korea, has been detained after a Korean judge labeled him a flight risk amid allegations that he, Lone Star and the Korean Exchange Bank (KEB) manipulated KEB's stock prices.
Hony takes 20% stake in Japan's Tokai Kanko
China-based Hony Capital has taken a 20% stake in hotel chain operator and real estate investor Tokai Kanko for approximately JPY1.4 billion ($17.8 million).
Strategic Ventures sees 4x return on CBaySystems stake sale
Strategic Ventures Fund (SVF), a Mauritius-based private equity fund managed by Frontline Strategy Limited, has sold its stake in in Indian clinical-services outsourcing specialist CBaySystems, for a 4x return on its original investment, AltAssets reported.
IDG India invests $3m in mobile advertising company
IDG Ventures India has invested $3 million in mobile advertising company Vserv as part of a first round of institutional funding.
Lone Star to begins Tokyo Star divestment process - report
US-based buyout fund Lone Star has begun preparations to divest its 30% stake in Japanese lender Tokyo Star Bank, Reuters reported, adding that Lone Star has asked investment banks to submit proposals to advise on the potential sale.
Lone Star exits Tokyo retail property to Hulic
Lone Star's sale of YODOBASHI MULTI Media Kichijoji, a commercial complex building in a west Tokyo suburb, to real estate investment firm Hulic is no ordinary transaction. Hulic is paying an estimated JPY30 billion ($381 million) for the asset but is...
China’s farms show growth potential
Buoyed by rising domestic consumption and policy support for rural industries, China’s agricultural sector is generating interest from private equity
Collins rescues Angus & Robertson
Book, Entertainment and Stationary vender REDGroup Retail is a blot on Australia’s private equity landscape. With Collins Booksellers agreeing to buy a number of its bankrupt rival’s Angus & Robertson (A&R) franchises, perhaps the blot can finally...
European banks tipped to dispose $45m in PE assets by 2014
European banks could divest up to $45 billion in private equity assets within three years, according to Thomas Liaudet, a partner at Campbell Lutyens. Financial institutions are looking to rid themselves of non-core assets as they restructure their businesses...
LaSalle boosts Australia assets to $1.8b with acquisition of Trinity Funds Management
LaSalle Investment Management has agreed to acquire Trinity Funds Management(TFM) from Australian property groups Trinity Group and Clarence Property Corp for A$9.25 million ($9.9 million) plus the net assets of the business.
China's HNA Group tipped to win bidding war for GE SeaCo
Chinese conglomerate HNA Group is likely to outbid private equity firm Kelso for container leasing business GE SeaCo, the Financial Times reported. The company has been put up for sale by General Electric (GE) and its joint venture partner and could fetch...
Trinity Capital sells stake in Indian property project back to Keystone
Trinity Capital has sold its 16% stake in Kapstone Constructions, a subsidiary of Mumbai-based developer Keystone Realtors, back to the parent company for about £12.6million ($20.2million). The sale comes five years after the UK-based real estate fund...
Affinity makes final bid for Australian meats firm
Affinity Equity Partners has submitted a final bid for a controlling stake in Primo Smallgoods, a source close to the deal has told AVCJ. Earlier reports suggesting that the bid for the Australian meat products company amounts to A$580 million ($622 million)...
India's Globals ITes receives first round of strategic funding
Globals ITeS, a Hyderabad based company that develops technology solutions for the education industry, has received funding from Mauritius-based Encore Operating Partners and 1886 Investments, an investment unit of the UK's Commonwealth Education Trust....
PEP-backed Collins Food raises $216m through IPO
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners, has raised A$201.8 million ($216.6 million) after pricing its IPO at the bottom of the indicative range, Reuters reported. It is still the largest domestic offering of the...
TLC Capital boosts stake in Uganda-based Indian pharma JV
TLG Capital has increased its stake in Quality Chemicals Industries(QCIL), the Uganda based pharmaceutical manufacturer owned by India’s leading pharmaceutical company CIPLA and Uganda-based Quality Chemicals.
CHAMP wants Bright Food to pay $638m for Manassen
CHAMP Private Equity is looking to sell Australia’s Manassen Foods to China Bright Food Group for around A$600 million ($638 million), Dow Jones reported, citing people familiar with the matter. An IPO remains a possibility if the trade sale doesn’t...
Temasek eases exposure to Chinese banks
The timing of Temasek's sell-down of a partial stakes in Bank of China and China Construction Bank certainly raised eyebrows. Singapore’s second-largest sovereign wealth fund made its move hours after Moody’s warned that the scale of local government...
Nestle tables $1.7b offer for Hsu Fu Chi
A fund advised by Baring Private Equity Asia (BPEA) stands to make a substantial gain on its investment in Chinese confectionary company Hsu Fu Chi after Nestle tabled an offer of $1.7 billion for a 60% stake in the company. The size of the deal, which...
India’s lower-tier urban opportunities
Private equity and venture capital investors are beginning to look for openings in tier two and tier three cities in India
Private equity, the ASEAN way
South East Asia has returned as a favored destination for private equity investors. With a population of over 600 million people and a combined GDP of $1.8 trillion, the Association of Southeast Asian Nations (ASEAN) – comprising Indonesia, Malaysia,...
Japan's CyberAgent takes stake in smartphone game developer
CyberAgent Ventures, a Japanese venture capital firm based in Beijing, has taken 25% stake in a Hong Kong smart phone game developer Epicforce Entertainment. The investment - the size of which has not been disclosed - was made through a joint fund set...
Henderson Private Equity invests $10m in IPE Global
Henderson Equity Partners has paid $10 million for a 26% stake in Delhi-based Infrastructure Professionals Enterprise (IPE Global), a consultancy specializing in infrastructure development projects. The investment was made through Henderson Asia Pacific...