Investments
Venture firms set for windfall from Xunlei IPO
Venture capital investors Morningside Technology Investments, IDG Technology Venture Investment and Ceyuan Funds are on course for profitable exits from Xunlei.com as the Chinese software company filed for a proposed IPO that could raise up to $200 million.
PE targets Australian healthcare
AT A TIME WHEN PROFITABLE EXITS in Australia are difficult to achieve due to the lingering effects of the global financial crisis, private equity firms continue to rely on healthcare for returns. This strategy received a ringing endorsement last week...
Carlyle invests in emerging markets hedge fund manager
The Carlyle Group will buy a 55% stake in Emerging Sovereign Group (ESG), a US-based hedge fund manager that focuses on emerging markets, including China, India, South Korea and Southeast Asia.
Private equity-backed Chinese menswear firm targets Hong Kong IPO
China Outfitters Holdings, a portfolio company of Orchid Asia Group Management, plans to raise $230-$300 million through an IPO in Hong Kong, Dow Jones reported, citing a person familiar with the situation.
Lazard seeks Asian partner for Australia's Unibic
Lazard is looking for Asian partners interested in buying a stake in Australian biscuit manufacturer Unibic. The private equity firm wants a strategic partner for its portfolio company who can help develop the business and increase exports to Asia.
Archer Capital buys fast-food chains from Quadrant
Australia’s Archer Capital has bought Quick Service Restaurant Holdings (QSRH) – the company behind local fast-food chains Red Rooster, Oporto and Chicken Treat – from Quadrant Private Equity for A$450 million ($474 million).
Indian affordable healthcare group secures $10m in venture funding
Singapore’s Aquarius India Fund and Seedfund have participated in a $10 million third round of funding for Vaatsalya Healthcare, which operates in semi-urban and rural India, Economic Times reported. Bangalore-based Vaatsalya will use the capital to...
Lazard PE unit to own up to 25% in Australia’s Hastie Group
Lazard’s private equity unit will acquire between 16% and 25% of Hastie Group by participating in the struggling technical services firm’s A$170 million ($180 million) share offering. Lazard, which will be entitled to one board seat, has agreed to...
China's Eshop receives series A financing from Sequoia
Sequoia Capital and Xianfeng Huaxing Venture Capital have participated in a round of series A financing for Beijing-based e-commerce management company Eshop.
China's Co-Win Venture closes fifth fund at $385.4m
Shenzhen-based Co-Win Venture Capital Investment has closed its fifth fund, raising a total of RMB2.5 billion ($385.4 million).
Advantage Partners completes takeover of GTA TeleGuam
Japanese buyout firm Advantage Partners (AP) finally completed its takeover of GTA TeleGuam, Guam’s leading telecom operator.The selling party is Shamrock Capital Advisors, a California-based private equity firm that obtained GTA from the Guam government...
INCJ to hold majority stake in Toshiba, Sony LCD panel unit
The Innovative Network of Japan(INCJ), a government-run investment fund, will take a majority stake in Toshiba and Sony's consolidated LCD panels business.
MGPA Asia III takes 50% stake in Galleria Chengdu
MGPA, the private equity real estate investment advisory firm, has acquired a 50% interest in Galleria Chengdu, a newly completed commercial mall in the western China city of Chengdu.
MSPE Asia singles out Yongye as a value proposition
To Yongye International, a Chinese agricultural nutrients producer, Morgan Stanley Private Equity (MSPE) Asia is every bit the white knight. Under attack from short-sellers that had branded the company a fraud, Yongye’s stock was in trouble: it was...
PE sees exit multiples in India
India's private equity industry entered 2011 with high hopes that this would be a breakthrough year for exits and returns. Following a rash of sales over the past few months – culminating in Blackstone’s $630 million stake sale in Intelenet Global...
Baring makes Singaporean education acquisition
Baring Private Equity Partners Asia has acquired the tertiary education business of Singaporean education and training institution PSB Academy for an undisclosed amount.
KEB sale delayed again
Lone Star’s protracted effort to offload its 51% stake in Korea Exchange Bank (KEB) to Hana Financial Group has been delayed once gain, this time by six months, amid lingering regulatory questions.
Blackstone sells Intelenet stake to UK support-services firm
Blackstone has sold its 66.25% stake in Indian BPO company Intelenet Global Services to Serco, the British support-services firm, for $634.2 million.
IFC prepares loan for Axis-backed infrastructure firm
An Indian infrastructure firm backed by Axis Private Equity is poised to secure a INR22.58 crore ($5 million) loan from the International Finance Corporation, the World Bank’s investment arm, according to Financial Chronicle.
Real estate fund flips Macau office tower
Real estate investment firm Westport Capital Partners and its Hong Kong-based development partner, Tenacity Real Estate Group, have sold a 25-story office building in Macau to an undisclosed buyer for HK$970 million ($125 million).
Walden’s chief on making 11 exits in 15 months
Consistent concentration on core investment values is at the heart of their conspicuous success
Bain buys China Fire & Safety
Two months after Nasdaq-listed fire-safety products maker China Fire & Security Group was first approached by global private equity suitors, the company has been sold to Bain Capital for $9 a share, or a total of $265.5 million.
Unison Capital indirectly invest in Japan’s realty fund manager
Japanese buyout firm Unison Capital portfolio company MK Capital Management, a real estate asset management company based in Tokyo, has acquired 90% of Atlas Partners Japan Ltd. (APJ), another Japanese real estate fund manager for undisclosed sum.
TPG’s Shriram Transport stake said to attract interest from Orix
Japanese financial services group Orix Corp. is the latest player to have reportedly set its sites on TPG’s share in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender, in a sale that could bring in more than...