Investments
ANZ, Hana squareoff over KEB confirmed
Sources close to the process confirmed to AVCJ that Australia and New Zealand Banking Group (ANZ) is still engaged in due diligence for the full 57.27% stake in Korea Exchange Bank (KEB) held by Lone Star Funds and the Export Import Bank of Korea, and...
Singapore's Wego gets Series B round from Tiger
The operating company of Singapore-based travel search engine Wego.com has completed a Series B funding round led by Tiger Global Management, coming as it merges with Indian travel site HolidayIQ.com, according to an announcement.
Yorkville Advisors invests $35 million in Zhongda International
Yorkville Advisors will make an investment of HKD275 million ($35 million) in Zhongda International Holdings Ltd., a leading manufacturer and distributor of automotive equipment and commercial vehicles in China, through an equity line facility.
Beijing Financial Assets Exchange allows PE funds to be listed
China has implemented a new policy that allows private equity fund positions to be traded on the Beijing Financial Assets Exchange (BFAE), according to the official announcement on its website.
Accel, DCM, Redpoint, industry peers invest $8.9 million in Singapore's mig33
mig33, a Singapore-based company claiming to be the world's largest mobile-first community, has received $8.9 million in Series C funding led by Pak Sugiono Wiyono, an Indonesian telecom entrepreneur and GREE, Inc., Japan's leading social networking service,...
TPG Capital, General Atlantic aiming to raise $200 million from Lenovo share sale: reports
TPG Capital, including its onetime subsidiary Newbridge Capital, and General Atlantic are planning to sell 282,263 million shares in investee Lenovo Group Ltd. on the Hong Kong Stock Exchange, aiming to raise up to $200 million, according to reports....
TPG gets Avon Japan
TPG Capital is taking up 74.67% of Avon Japan for JPY7.3 billion ($90 million) in cash from Avon Products Inc, the NYSE-listed cosmetic direct sales empire originally founded in 1886 as the California Perfume Company.
Port of Brisbane goes for $2.3 billion
In the latest big infrastructure deal to come out of Australia, Q Port Holdings, a consortium comprising Australia’s Industry Funds Management (IFM), funds managed by the Queensland Investment Corporation (QIC), US infrastructure firm Global Infrastructure...
Permira completes ABS deal
Permira has announced the successful completion of its acquisition of the holding company for Asia Broadcast Satellite, along with the ABS management team, giving existing PE investors CVC International, CVC International Co-Investment, and ADM Capital...
Vogo Fund takes over Tong Yang Securies and other group companies for $798 million: reports
South Korean private equity firm Vogo Fund has acquired a total 46.5% stake in three Tong Yang group companies, combining portions of Tong Yang Securities and two other entities of the mid-sized local conglomerate, according to Reuters.
Advantage Partners will buy TeleGuam from Shamrock Capital
Tokyo-based PE firm Advantage Partners has signed a merger agreement with Guam telecom company TeleGuam Holdings, according to TeleGuam's statement, buying the company from Shamrock Capital Advisors, a California-based PE firm.
3i Hyva talks with Chongqing Machinery confirmed, Unitas probable
Sources close to the process have confirmed to AVCJ that 3i Group is in discussion with PRC strategic player Chongqing Machinery & Electric Company regarding the potential purchase of its portfolio asset Hyva, a Dutch hydraulic cylinder maker, which could...
CVC, SCPEL may list Amtek
CVC Capital Partners Asia Pacific and Standard Chartered Private Equity Ltd. investee Amtek Engineering, Singapore's largest metal stamping company and second largest precision engineering company, reportedly plans to raise as much as S$446-547 million...
ANZ and Lone Star ending diligence, start pricing talks on KEB: reports
Australia and New Zealand Banking Group, the leading remaining contender for Lone Star Funds' controlling state in Korea Exchange Bank (KEB) has predominantly completed its due diligence on the asset and begun discussions on pricing with Lone Star, targeting...
NTT VC arm invests US EnglishCentral for Japanese English
NTT Investment Partners, the VC arm of NTT, Japan’s largest telecom company, will invest $1 million in US language education company EnglishCentral, to help Japanese people strengthen their English language skills.
GIP, QIC, ADIA pick up $2.3 billion Brisbane port franchise
Q Port Holdings, a consortium comprising US infrastructure firm Global Infrastructure Partners, Australia's Industry Funds Management, funds managed by the Queensland Investment Corporation (QIC), and Tawreed Investments Ltd., a wholly-owned subsidiary...
Mekong exits sauce company Masan
Vietnam-focused private equity investor Mekong Capital has successfully exited its portfolio company Masan Food Corporation, one of the leading sauce makers in Vietnam, for $18.84 million in a negotiated stock transaction.
PE investors approached Alibaba's Ma to take over Yahoo Inc
Jack Ma, the founder of Alibaba Group, China’s largest e-commerce business operator, was said to have been approached by private equity investors offering to help him to jointly take over industry peer Yahoo Inc. in the US, according to Reuters.
MBK lands 2010's biggest exit with CNS
In October 2006, the month when Partners was labeled the frontrunner to buy 60% of Taiwanese cable giant China Network Systems (CNS) for $1.6 billion, the firm was dubbed ‘fledgling’ by one global financial publication.
Murdoch, Packer stop Hellman & Friedman Ten bid
In a piece of corporate high drama as engaging as any episode of Bondi Rescue or its other major shows, Australia’s Ten Network saw media magnates James Packer and Lachlan Murdoch take up a joint 18% blocking stake in its parent Ten Holdings to head off...
The shape of the future?
As Asia Pacific private equity begins its biggest public event of the year, it also has seen the apparent eclipse of one of its stars.
Morgan Stanley may exit CICC early next year
Morgan Stanley's tentative plan to offload its $1 billion stake in Chinese investment bank China International Capital Corp. (CICC) will be approved by China's securities regulator by February 2011, the official Shanghai Securities News reported earlier....
Temasek makes Gazillion investment for online Lego MMO
Temasek Holdings is leading a $60 million investment round into Gazillion Entertainment, a leading US developer and publisher of massively multiplayer online (MMO) games including LEGO Universe and Marvel Universe.
TPG to buy out Avon Japan
TPG Capital will acquire 74.67% of Avon Japan for JPY7.3 billion ($90 million) in cash from Avon Products Inc, the NYSE-listed cosmetic direct sales empire originally founded in 1886 as the California Perfume Company.