Investments
3i announces $182 million GVK Energy investment
3i Group has announced a $182 million investment from its 3i India Infrastructure Fund as leader in a total RS1200 crore ($260 million) funding round for GVK Energy Ltd., a subsidiary of leading Indian infrastructure developer GVK Power and Infrastructure...
Valley's 500 Startups VC firm invests Japan's Exchange Corp. money-lending service
Japan's Exchange Corporation K.K., known as ExCo, has received an investment from 500 Startups, a Silicon Valley-based venture capital fund, for an undisclosed amount.
DCM, Sequoia invest Chinese online retailer Vipshop
Venture capital firms DCM and Sequoia Capital have backed Beijing-based online retailer Vipshop, investing a total of $20 million in the company's first round of financing.
Japan's INCJ invests in troubled Nihon Inter Electronics Corp.
Innovation Network Corporation of Japan (INCJ), the private-public investment fund 89% owned by the Japanese government, will take up one third of the share allotment issued by Nihon Inter Electronics Corporation, a listed manufacturer of semiconductors...
GIC, US, Oz realty funds plan to buy Centro's assets: reports
New York-based private equity real estate investment firm NRDC Equity Partners has joined forces with Australian real estate investor Lend Lease and the Government of Singapore Investment Corporation (GIC) to bid for trust assets held by Centro Properties,...
ICICI Venture sells RFCL to PE-backed Avantor Performance Materials
ICICI Venture has sold its 85% stake in Indian biotech firm RFCL to PE-backed chemical developer Avantor Performance Materials.
Australia's Ten Network chairman to step down after abortive Hellman & Friedman MBO: reports
Nick Falloon, the executive chairman of Australia's Ten Network, has offered to step down following a share raid by James Packer and Lachlan Murdoch that secured 18% of the company in the wake of a rumored privatization plan by Falloon and US PE firm...
Partners Group provides mezz financing for PEP's Collins Foods
Partners Group has provided mezzanine debt financing for Collins Foods Group, the largest Kentucky Fried Chicken (KFC) franchisee in Australia and invested by Pacific Equity Partners (PEP), for an undisclosed amount.
CDH-backed Xueda debuts on NYSE, raising $127 million
Xueda Education Group, a Beijing-based tutoring company invested by CDH Investments, raised $127.6 million in its IPO on the New York Stock Exchange.
Helion, Accel invest $2.8 million in Indian fashion site Exclusively.In
Accel Partners India and Helion Venture Partners have jointly invested $2.8 million into Indian membership-only fashion, jewelry, home decor and travel web destination Exclusively.In, in the company's first institutional and angel round of funding, according...
Fushi Copperweld's CEO, PE firm Abax make privatization offer
Electric cable and wire manufacturer Fushi Copperweld’s CEO Li Fu and Hong Kong-based PE firm Abax Global Capital Limited have jointly placed a bid to take NASDAQ-listed Fushi private, with Fu offering to purchase all the outstanding shares in the company...
Citigroup considers divestment of $570 million in CVC assets
Citigroup is considering offloading $570 million worth of assets in CVC Capital Partners as part of its effort to streamline its alternative assets business, according to global reports.
The changing face of venture
With the US back on the radar as the market of choice for the best and brightest in TMT, where do Asian companies fit into the picture, and how are VC funds finding them early enough to make a profit?
India's all-inclusive infrastructure rollout
Huge infrastructure development schemes have been underway across most of Asia’s developing economies for some years now, especially in India and China.
Carlyle among suitors for Indonesia's Matahari hypermarkets - reports
The hypermarket chain of Indonesian retail giant Matahari is up for sale, and suitors including the Carlyle Group and South Korean retailer Lotte Shopping are reportedly in the running to acquire the emerging market’s second-largest supermarket operator...
Returns, the second time around
With the global private equity debate still dominated by the $400 billion+ overhang of capital seeking a home, some 10% of it in Asia Pacific, expectations have been building of a new spate of secondary buyout deals that would put more of this capital...
CIC may invest in US infrastructure
PRC SWF the China Investment Corporation (CIC), may seek to invest in infrastructure projects in the US, as its officials urged US authorities to spend up to $1 trillion on new infrastructure, according to reports.
Advantage investee 1st Holding to go IPO
Advantage Partners-owned Japanese software maker 1st Holding, Inc. has filed for an initial public offering on the JASDAQ board, seeking to raise around JPY14 billion ($173.5 million) by selling around 16 million shares, according to reports.
Steamboat Ventures invests $10 million in Chinese luxury shopping site Shangpin
Steamboat Ventures has invested $10 million in shopping site Shangpin.com, according to an executive at the VC firm, as part of a second round of fundraising for the Chinese domain.
Risa Partners to be acquired by NEC Capital Solutions via TOB
NEC Capital Solutions, a Japanese financial services provider, has announced that it will buy 100% of Risa Partners, a listed Tokyo-based private equity and real estate investment firm, in a deal estimated at around JPY15.8 billion ($196 million).
Intel Capital invests China digital surveillance withNetPosa
The Intel Capital China Technology Fund II is to invest Beijing's NetPosa Technologies, a Chinese provider of digital surveillance systems, for an undisclosed sum, as part of a strategic cooperation agreement with Intel Corp. that involves the company...
State-backed The Innovation Network Corporation of Japan invests cancer drug company Anaeropharma Science
The Innovation Network Corporation of Japan (INCJ) will inject JPY700 million ($8.7 million) in Anaeropharma Science, a privately-held biopharmaceutical company based in Tokyo, according to Japan's Nihon Keizai Shimbun.
Paine & Partners may be in frame for PEP's Tegel
US PE firm Paine & Partners may be the latest suitor for Pacific Equity Partners' New Zealand poultry investee Tegel Foods, in a potential secondary buyout that could fetch up to NZ$1 billion ($755 million), according to reports.
IL&FS fund fully exits ABG Shipyard, seeing 4x returns
IL&FS Investment Managers Ltd’s Leverage India Fund (LIF) has fully exited its five-year investee ABG Shipyard Ltd. (ABG) through the public markets, reporting 4x returns on its investment.