Investments
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.
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.