Investments
3i picks up Mizuho Investment for Europe debt
3i Group has acquired a unit of Japan's Mizuho Corporate Bank, Mizuho Investment Management (UK), which specializes in European debt, for some GBP18.3 million ($28.68 million).
Anacacia Capital supports MBO of Rafferty's Garden in Australia
Anacacia Capital, an SME-focused Australian private equity firm, and Sales Link Australasia, a leading local company in retail sales management for supermarkets and department stores, have jointly supported the management team of Rafferty’s Garden, a...
Khazanah, Temasek swap land after 45 years
The Malaysian government is ready to return a train station it owns in downtown Singapore in return for six land parcels in the city-state, to be controlled by M-S Pte. Ltd., a JV 60:40 owned by Malaysian state investment fund Khazanah Nasional Bhd and...
Goldman trying to exit holdings in Primo Japan
Goldman Sachs appears to be looking for buyers for its holdings in Primo Japan Inc., a Japanese retailer of diamond rings, in a prospective deal which could fetch as much as JPY10 billion ($118 million).
Achuthan forms Achuthan & Co. for India, Southeast Asia investment
Hari Achuthan, previously a director with the private equity group at Credit Suisse Asset Management, is forming a private equity firm, Achuthan & Co., to invest in India and Southeast Asia.
TPG set to make $69 million through Parkway Life exit
TPG Capital is reportedly looking to offload its 9.3% stake in Singapore-based healthcare REIT Parkway Life, via a sale that could fetch as much as S$91.1 million ($69 million).
Partners Group finances Newcastle Coal in Australia
Partners Group, the Zug-headquartered Swiss private markets investment management group, has financed the Newcastle Coal Infrastructure Group in Australia with an A$27 million ($25 million) subordinated debt facility, to build a new coal export terminal...
ChrysCap follows SCPEL in partial exit from Mahindra & Mahindra
Days after Standard Chartered Private Equity was said to be in the process of partially exiting its stake in Indian rural-focused, auto finance firm Mahindra & Mahindra Financial Services, news has surfaced that ChrysCap has also partially exited the...
Metmin plans exit as Tecpro goes IPO
Indian private equity investor Metmin Investments is planning a partial exit on a five-year investment in Tecpro Systems Ltd., the Indian bulk solids handling company also invested by Avigo Capital, Credit Suisse, Kotak Mahindra Capital and the Macquarie...
Apax and GA confirm 19% each of SouFun for $163 million apiece
European private equity firm Apax Partners and US large-scale VC leader General Atlantic (GA) formally announced the completion of their acquisition plan to each take a 19% stake in SouFun, the Chinese real estate classifieds website that just went public...
Helix backs Hi-Rel Electronics MBO in India
Helix Investments is injecting $11 million into India's Hi-Rel Electronics Pvt. Ltd. to back a management buyout of the Ahmedabad-based industrial automation, power supply and power control company.
3i India exits 6.6% stake in steel pipe maker Welspun Corp.
UK private equity firm 3i Group has exited its 6.6% stake in Indian steel pipe producer Welspun Corp. Ltd. for an undisclosed amount, coming three years after it first invested INR350 crore ($76.8 million) in the company.
Japan's ETIC to back merger plan for Fuji Technica
State-backed Japanese turnaround fund the Enterprise Turnaround Initiative Corporation of Japan (ETIC) will support financing to Fuji Technica Inc., the country's second-ranked metal mold manufacturer, which intends to acquire Miyazu Seisakusho So., the...
Sandstone, Sequoia, Madison take minority stake in Micromax
Subcontinent specialist Sandstone Capital and Silicon Valley VC icon Sequoia Capital, as well as media and communications-focused firm Madison India Capital, have taken a small position – collectively estimated at less than 10% - in Indian handset producer...
Alinta seals asset sale deal with TPG consortium
Australian power major Alinta Energy has reached agreement with the TPG Capital-led consortium of its creditors, also including Oaktree Capital and Anchorage Advisers, to sell the majority of its assets into a new company owned by the consortium.
Primus, China Strategic formally end Nan Shan bid in Taiwan
Hong Kong-listed China Strategic Holdings and financial investor partner Primus Financial Holdings have announced the formal termination of their $2.2 billion acquisition agreement for Taiwan’s Nan Shan Life Insurance effective Sept 20.
Permira's third Asian deal a satellite play
Permira, one of Europe's largest private equity players, has purchased a controlling stake in Asia Broadcast Satellite Ltd. (ABS) from Citi Venture Capital International and ADM Capital for around $200 million.
Affinity, TPG investee UTAC seeks to relist in Singapore
Affinity Equity Partners and TPG Capital investee United Test and Assembly Center (UTAC) is seeking to relist in Singapore in an IPO likely to raise up to $600 million, three years after its 2007 privatization, according to reports.
Alinta investors still in talks
TPG Capital – both its TPG Opportunities Partners debt unit and its private equity funds – Oaktree Capital, and Anchorage Advisers are still in talks with Bain Capital affiliate Sankaty Advisors and other debt holders about distressed Australian power...
China's Mbaobao.com gets $30 million from DCM and Legend Capital
PRC online trading site operator Mbaobao.com has raised $30 million from DCM and Legend Capital, both VC firms with strong presences in China.
French real estate investor IREIFS forays in Thailand's resort business
IREIFS (International Real Estate Investment & Financing Solutions) Investment Group, a Paris-based privately held real estate investment firm, has entered into a JV to develop two new resort projects in Chiang Mai, including the Mae Rim and Ping River...
ANZ/KEB due diligence ongoing
Australia and New Zealand Banking Group (ANZ) is continuing its due diligence for the potential purchase of a 57.27% stake in Lone Star Funds investee Korea Exchange Bank.
KKR and TPG may team up to bid for Foster's wine unit
US buyout majors Kohlberg Kravis Roberts and TPG Capital were said to have had early talks for a joint bid for the wine unit of Australian brewer Foster's, according to reports.
PE backed SouFun hits top of range for NYSE IPO
SouFun Holdings Ltd, China's No. 2 online real estate website, has sold 2.9 million American Depositary Shares for $42.50 each, raising $124.7 million in its NYSE IPO, hitting the top end of the company’s expected price range of $40.50-42.50.