Investments

MSPE Asia sees returns with China Shanshui

In a further testament to the opportunities surrounding China’s booming infrastructure sector, Morgan Stanley Private Equity Asia has fully exited its investment in Hong Kong-listed China Shanshui Cement, selling its final block of shares for $222 million....

Ant Capital sees 60% IRR on VarioSecure exit

Japanese private equity firm Ant Capital Partners has completed the JPY6.7 billion ($79.7 million) sale of its fully owned portfolio company VarioSecure Networks Inc., a provider of network security services. The sale to PE-backed 1st Holdings Inc., translates...

KKR and partner announce bid for Yageo

KKR Asia has teamed up with, Pierre Chen, chairman of Taiwan’s Yageo Corporation to launch takeover bid that will see Chen’s electronic-components manufacturer privatized. The deal values the target at $1.6 billion. The transaction will be conducted by...

Temasek eyes TPG's stake in Shriram Transport - reports

Singaporean sovereign wealth fund Temasek Holdings is reportedly in negotiations with US buyout firm TPG Capital to purchase a stake in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender. According to India’s Business...

ETIC offers ARRK a lifeline

The Enterprise Turnaround Initiative Corporation of Japan (ETIC), a government-owned turnaround investment unit, has pledged JPY9 billion ($107 million) to ARRK Corporation, a listed manufacturer of prototype products, and its 67 subsidiaries.

Morgan Stanley PE Asia exits China Shanshui

Morgan Stanley Private Equity Asia has fully exited its investment in Hong Kong-listed China Shanshui Cement with the sale of block priced at $222 million. Morgan Stanley was the sole book runner.

J-Will may buy the Incubator Bank of Japan

J-Will Partners, a leading private equity firm based in Tokyo, has emerged as one of the potential bidders to take over the failed Incubator Bank of Japan, joining local lenders Aeon Bank and Kyoto Credit Cooperative to vie for the asset.

A view from the top
A view from the top

The upcoming 2011 AVCJ Private Equity and Venture Capital Review highlights the growing importance of Asia-Pacific to the global PE community. It also raises the question: Just where is all this money going?

AVCJ India report shows PE making strides

The themes common to any discussion on Indian private equity are still there today, but instead of debate, the 2011 AVCJ India Private Equity and Venture Capital report showed steady progress and lessons learned. PIPEs are down by nearly two-thirds –...

Lombard exits Thai paper group

The private equity firm Lombard Investments, Inc. has announced that it has sold its 23% holding in S.Pack & Print Public Company Limited, a Thai paper packaging manufacturer, to Oji Paper Company Limited, one of the largest paper production and packaging...

VIDEO: PE experts discuss challenges in Oz

While Australia’s economic landscape has increasingly improved as the affects of the global financial crisis fade, some of the private equity and venture capital industry’s experts discuss the ongoing challenges they still face in Oz.

Carlyle completes Tsubaki Nakashima acquisition

At a time when companies in Japan are revising their plans to await a more stable environment in the aftermath of the recent 9.0-magnitude earthquake that rocketed the market, others hope to show that business can still go on as usual, as The Carlyle...

Carlyle sells OIL to European PE firm

The Carlyle Group has sold its portfolio asset Offshore Incorporations Group (OIL), a holding group specializing on the set up of offshore corporations, to European PE firm IK Investment Partners for an undisclosed price.

KKR-backed Far Eastern Horizon nears IPO

Private equity-backed Far East Horizon Ltd., a division of government-owned Chinese trading conglomerate Sinochem Group, has reportedly targeted $600 million ahead of its official IPO process in Hong Kong next week, according to Bloomberg.

Pipavav Shipyard sees another PE exit

Three IL&FS divisions have exited a 7.68% stake in Pipavav Shipyard to Ovira Logistics through open market deals, marking the latest private equity exits in the Indian shipbuilder.

Buy, buy, buy
Buy, buy, buy

While official data out of the PRC varies, most market observers report increasing M&A activity in all segments of the market. Consensus is this will continue for the foreseeable future, and that private equity will want to be more involved

An industry still standing
An industry still standing

Just one month before the annual event of the cherry blossoms would make Japan one of the most beautiful countries in the world, a 9.0 earthquake hit east of Honshu on March 11, giving rise to a tsunami estimated about 14 meters height and further leading...

Malaysian funds swap Apollo Hospital stakes

Malaysian sovereign wealth fund Khazanah Nasional Bhd has invested INR470 crore ($104 million) in leading Indian healthcare chain Apollo Hospitals, taking a 8.82 % stake from Bisikan Bayu Investments, another Malaysian government fund.

CVC invests $269 million in Indonesian media group

European private equity firm CVC Capital Partners will invest 2.35 trillion rupiah ($269 million) in the cable TV and internet units of Jakarta-based media group PT First Media, taking a strategic partnership position, the company announced.

AXA buys CBs in China funeral services company

AXA Direct Asia II, LP, has announced in a filing with the Hong Kong Stock Exchange, that it will pay $12.5 million to subscribe to zero coupon convertible bonds of Sage International, a Chinese company engaged in funeral services. The bonds can be converted...

Khazanah may sell Pos stake

Malaysian sovereign wealth fund Khazanah Nasional Bhd. is reportedly looking to offload its 32.2% stake in Pos Malaysia Bhd., a Malay postal services company, by April 12.