Investments
Japan’s state-run INCJ made 9th investmnent
Innovation Network Corporation of Japan (INCJ), a joint venture between the government and 19 different public companies, has made a JPY 1.25 billion ($15 million) investment in Nakamura Choko through a third party allotment.
Carlyle sees 6x return on China Pacific Insurer stake sale
US buyout giant The Carlyle Group has sold $860 million worth of shares, equal to a 2.5% stake, in China Pacific Insurance, the third-largest insurer in China.
KKR and Morgan Stanley sell stakes in Orient Corp. to Mizuho
US buyout firm Kohlberg Kravis Roberts & Co. (KKR) and US investment bank Morgan Stanley have sold JPY 30 billion ($369 million) worth shares in Japanese consumer lender Orient Corporation to Mizuho Financial Group.
Japan's Polaris takes full control of local food chain
Polaris Capital Group, the Japanese private equity firm owned by Mizuho Securities, DIAM Asset Management and other institutions, has acquired a 100% stake in domestic food chain operator Samukawa Food Planning Co.
EQT China takes controlling stake in Qingyuan Bakery
European-based private equity fund manager EQT has taken a 65% stake in Qinyuan Bakery, a leading Chinese bakery chain, through its EQT Greater China II fund.
Carlyle-backed China Fishery looks at Hong Kong listing opportunity
China Fishery Group Ltd, a Singapore-listed company backed by the Carlyle Group, and one of the world's leading fishing companies specialising in a variety of ocean-caught fish, has plans to launch an initial public offering in Hong Kong by issuing 175...
Temasek added new portfolio of Vietnamese bank
Singapore’s Temasek has taken a 15% stake in Vietnamese lender Mekong Development Bank for $46 million.
Australia’s Future Fund invests in Gatwick Airport
The Future Fund, Australia’s Sovereign Wealth Fund, has reached an agreement to buy a 17.2 % stake London’s Gatwick Airport from the Global Infrastructure Partners (GIP) for approximately $200 million.
TPG and GIC invest in Indonesian miner
TPG Capital and Singapore sovereign wealth fund GIC has brought a stake in PT Delta Dunia Makmur, Indonesia’s second largest coal mining contractor. The investors bought non-voting shares in Northstar Tambang Persada Ltd, a special purpose vehicle which...
MBK offers Hana $1.7b helping hand
Seoul-based buyout firm MBK Partners has proposed to finance up to two trillion won ($1.7 billion) of Hana Financial Group's takeover of Korea Exchange Bank. Hana Finance have earlier approved a plan to sell up to 1.5 trillion won in local currency bonds.
Actis, GIC in Indian power deal
Emerging markets private equity specialists Actis and the Government of Singapore Investment Corporation will each invest $77 million into Indian power developer GVK Energy, a subsidiary of Hyderabad-based GVK Power and Infrastructure.
Clearwater Capital sells Oz's Griffin Coal to Lanco
Clearwater Capital Partners has sold Griffin Coal Mining Company and Carpenter Mine Management to Lanco Resources Australia, a division of Indian energy firm Lanco Infratech, for an estimated A$750 million ($743 million), according to local reports.
Japan's DRC Capital nealy closed its third fund
Tokyo-based DRC Capital, a private equity firm focused on turnaround investment opportunities in Japan, has nearly closed its third fund at $150 million, according to local media reports.
Mandarin Capital Partners buys Italian chemicals group
The Sino-European private equity fund that counts the China Development Bank and The Export-Import Bank of China as investors - Mandarin Capital Partners (MCP) - has invested EUR 20 million ($26.5 million) for an undisclosed stake in Italmatch Chemicals...
Unitas picks up 3i portfolio company, Hyva
Hong-Kong headquartered Unitas Capital has led a consortium in the purchase of leading Netherlands-based hydraulic solutions provider to the commercial vehicle sector, Hyva Investments BV (Hyva), for EUR 525 million ($696 million). 3i purchased the group...
Morgan Stanley set to wind down its South Korean realty unit
Morgan Stanley is to close the doors of its South Korean real estate unit by the end of this year in an effort to bolster its focus on other Asian markets.
Religare Capital names Anwar Head of Middle East
Religare Capital, a subsidy of Indian financial services group Religare Enterprises, has named Shehzad Anwar as the head of its Middle East business, charged with bolstering its regional practice.
Greater China IPOs triple numbers in the US
Exchanges on the mainland and Hong Kong have together raised nearly $120 billion to date in 2010, while the US has raised just $42 billion, a disparity that showcases the shift from slower-growth, developed economies to high-growth, emerging markets.
Phoenix Capital sells Japan's juice maker to iSigma via TOB
Private equity shareholders of Gold-Pak. a Nagano-based beverage manufacturer, have approved a takeover bid by iSigma, a midsize-focused buyout firm wholly owned by Marubeni Corp.
Dragon Capital raises $60 million in exits in 2010
Vietnam-focused investment firm Dragon Capital (DC) has exited $60 million worth of PE holdings in 2010, with two of its three exits occurring last month, in the Hanoi-based Landmark Apartment Building and domestic dairy major Vinamilk.
SCPE boosts stake in Korea's Dasan to 15.69%
Standard Chartered Private Equity has increased its stake in Dasan Networks, a South Korean telecom network equipment company, by 2.1%, boosting its total stake in the company to 15.69%.
Actis exits 63% stake in India's Paras for 10x return
Actis, the London-headquartered emerging markets investment firm, will sell its 63% stake in Paras Pharmaceuticals Limited to Benckiser Group, a UK-based company selling household, health and personal care products.
Headland Capital makes $8.8 million investment in Indian telecom infrastructure provider
HHeadland Capital Partners Limited (Headland), formerly known as HSBC Private Equity (Asia) Limited, has invested Rs. 400 million ($8.86 million) in the second round of financing conducted by Microqual Techno Ltd., one of the leading Indian telecom infrastructure...
Ironbridges exits oil rig company
Ironbridge has sold investee company Easternwell to engineering and maintenance services provider Transfield for A$575 million ($567 million). Sydney-based Transfield will pay A$540 million ($532 million) in cash and A$35 million ($34.5 million) in shares...