Investments
Warburg Pincus extends stake in Continental Warehousing
Warburg Pincus has made its second investment in Indian warehouse manager Continental Warehousing (Nhava Seva) in as many months, purchasing an unspecified stake from Aureos Capital.
Indian micro-lender gets $14.4m in third-round funding
Bangalore-based micro-lending company Janalakshmi Financial Services has secured INR650 million ($14.4 million) in third-round funding, taking the total raised from private equity to just over INR1 billion ($22 million).
PE-backed IPOs outperform the field – AVCAL study
Private equity-backed IPOs perform better than those without PE involvement, according to a new study published by the Australian Private Equity and Venture Capital Association (AVCAL).
Taiwanese regulators block KKR-led takeover bid for Yageo
Taiwanese regulators have a KKR-led bid to privatize domestic electronic-component maker Yageo, saying that investors were not provided with sufficient information regarding the transaction’s risks.
PEP to target smaller deals in India
Providence Equity Partners plans to focus on smaller investments in India, having previously been involved in large telecom and media deals. Biswajit Subramanian, managing director of Providence Equity Advisors India, told Mint that, with big transactions...
Foster's rejects SABMiller
Foster's Group has rejected a takeover bid by US label SABMiller, branding the A$9.5 billion ($10 billion) as offer too low. The move comes one month after the Australian firm spun off its distressed wine brand - provoking considerable interest from private...
KTB PEF to take 32% stake in Korean semiconductor firm
KTB PEF has agreed to pay KRW37.8 billion ($34.8 million) for a 32% stake and management control of Leenos, a South Korean semiconductor manufacturer. Based on the target company’s market capitalization of KRW88 billion ($81.7 million) on June 15, the...
Paulson exits scandal-hit firm as concern mounts about China forestry plays
Paulson & Co. has exited its stake in Sino Forest following fraud allegations against the Chinese company. It is the second such firm to be implicated in a scandal after China Forestry, which is backed by The Carlyle Group and Partners Group, was suspended...
LPs drive change in private equity
A new survey shows recovering confidence in private equity, but LPs are becoming more selective about their investments.
Japanese GPs still see opportunities
Private equity investors are thinking twice about trouble-hit Japan, but reports of its demise are greatly exaggerated
Carlyle's diversifies its business ahead of IPO
The carlyle Group's purchase of a 55% stake in Emerging Sovereign Group (ESG) is its second acquisition in the asset management space within seven months and a clear indication of how the private equity wants to develop its business.
Angel investors rise in China
Venture capitalists are turning to earlier-stage funding as they seek to add value and avoid the crowded growth capital space
Harbin Electric management buyout receives board approval
Shares in NASDAQ-listed Harbin Electric jumped as much as 73% on Monday as the board agreed to a management buyout backed by private equity firm Abax Global Capital and China Development Bank. The stock closed at $13.35, up 59%, but still well below the...
PEP considers Collins Food Group IPO
Pacific Equity Partners wants to take Collins Foods Group public before the end of the year with a target enterprise value of $400 million. According to the Australian Financial Review, Deutsche Bank and UBS are close to finishing pre-marketing research...
ING fund of funds profits from Quadrant's Australia fast-food sale
Australian fund of funds ING Private Equity Access announced that another of its private equity investments will be returning cash to the company. Quadrant Private Equity has sold Quick Service Restaurant Holdings (QSRH) to Archer Capital for approximately...
HSBC's private equity unit invests in Indian post-production firm
HSBC Principal Investments has agreed to pay $60 million for a minority interest in Avitel Post Studioz, a Mumbai-based post-production company serving the media and entertainment industries.
Actis considers Sterling exit
Actis, a London-headquartered emerging markets investor, is set to exit its 80% stake in Gujarat-based Sterling Add-Life Medical Institute, the Business Standard reported, citing sources close to the deal.
PE-backed Chinese fashion retailer plans US IPO
Moonbasa, a Chinese fashion retailer that counts China Renaissance Capital, GSR Ventures and DT Capital Partners among its investors, is seeking to raise $150 million on NASDAQ, Bloomberg reports.
Warburg Pincus to sell Max Healthcare stake to Max India
Max India, an insurer and hospital operator, plans to buy a 16.37% stake in its subsidiary Max Healthcare from Warburg Pincus, Economic Times reported.
Harbin Electric denies concerns over PE-backed management buyout
Harbin Electric, a Chinese electric motors manufacturer that is subject to a $750 million management buyout backed by Abax Global Capital, has challenged fraud claims made by a short-seller that has seen the company’s stock tumble.
Hony Capital participates in Suning private placement
Hony Capital will invest RMB1.2 billion ($185 million) in Suning Appliance, a leading Chinese consumer electronics retailer, as part of a private placement worth up to RMB5.5 billion ($850 million). The private equity firm has agreed to subscribe to 97.56...
KITVEN invests in Indian mapping services provider
Bangalore-based Vidteq India has raised funding from Karnataka Information Technology Venture Capital Fund (KITVEN) for undisclosed amount.
Lone Star challenges stock manipulation charges in Korean court
Lone Star will file a petition to void stock manipulation charges leveled against it and Paul Yoo, the head of its South Korea unit, Reuters reported. The move is likely to prolong the private equity firm’s sale of a 51% stake in Korea Exchange Bank (KEB)...
Propel exits Marstel to Norway's Stolt-Nielsen
Propel Investments has agreed to sell its 45% stake in Marstel Holdings, a bulk liquid terminal operator in Australia and New Zealand, to Norwegian firm Stolt-Nielsen for an undisclosed sum. Completion of the transaction is expected to take place in the...