Investments
Khosla to reuse SKS IPO profits in poverty fund for India, developing markets
Vinod Khosla, veteran VC with Kleiner Perkins Caufield & Byers and his own Khosla Ventures, is planning to use some of his $117 million personal gains from the July NSE IPO of SKS Microfinance in a new VC fund to support businesses focused on poverty...
Bank of America Merrill Lynch Asia realty fund's GP responsibilities also to transfer to Blackstone
Following earlier reports in July on the transfer of management of the $2.65 billion Bank of America Merrill Lynch (BoAML) Asian Real Estate Opportunities Fund to US private equity leader the Blackstone Group, LP investors are poised to receive approximately...
Private equity may bid for Japan's Kyowa Hakko Chemical
Kyowa Hakko Kirin Co. Ltd., a leading Japanese pharmaceutical company, is looking for a buyer to take over its chemicals subsidiary, and has already been in discussions with several private equity firms, according to Japanese reports.
After SpiceJet, Ross may invest India's Kingfisher Airlines
Leading US investor Wilbur Ross may be seeking to follow his successful investment in, and exit from, Indian budget carrier SpiceJet by investing some $100-150 million into debt-saddled peer Kingfisher Airlines, according to Indian media.
ANZ continues due diligence on Lone Star's KEB
Australia and New Zealand Banking Group (ANZ) is continuing its due diligence on Korea Exchange Bank, where Lone Star Funds holds a 51.02% stake, after commencing the diligence process in August, according to comments by ANZ CEO Mike Smith.
Advantage Partners seeking secondary investor for Tokyo Star Bank
Advantage Partners, the independent Japan-focused buyout firm, is seeking capital from investors to help cover the JPY170 billion ($2.04 billion) loan package it used to acquire Tokyo Star Bank in 2007 from the previous majority shareholder, Lone Star...
Actis said seeking exit from India's Halonix
Actis is seeking a buyer for some or all of its 66% controlling stake in Indian halogen bulb and lamp manufacturer Halonix, in a deal which could fetch up to $56 million with a probable strategic buyer, according to Indian reports.
Taiwan regulators say Carlyle's exit plan for Kbro needs further review
Carlyle Group’s ongoing exit process for its Taiwan cable investee Kbro needs more discussion, according to Taiwan’s broadcast regulator, particularly over competition issues in the industry.
Lightspeed leads Asian, Western VCs investing $25 million in SolarEdge in Israel
Lightspeed Venture Partners, Silicon Valley VC firm, has led an investor group in committing $25 million to SolarEdge Technologies, an Israel-based provider of distributed solar power harvesting and monitoring solutions, alongside existing backers, including...
Nexus, Nokia, Fidelity, Cisco invest India's Netmagic
Nokia Growth Partners and Cisco Systems have led existing investors Nexus Venture Partners and Fidelity International into an INR70 crore ($15.7 million) investment round for Netmagic Solutions, an IT hosting services provider.
Evolvence, Jacob Ballas, NYLIM pick up Emaar MGF pre-IPO shares
Emaar MGF, the Indian real estate development company set up jointly by Dubai's Emaar Properties and northern Indian retail real estate developer MGF Development, has sold stakes to existing shareholders Evolvence India Holdings, Jacob Ballas and New...
KKR takes stake in Avantha Power
Kohlberg Kravis Roberts & Co. has become the latest leading private equity firm to tap into India's infrastructure sector, with an INR217 crore ($49 million) pre-IPO investment into Avantha Power & Infrastructure Ltd., a division of the $4 billion Avantha...
NZ Yellow Pages showcases dangers of bull market LBOs
Just two months after pan-regional PE firm Unitas Capital and its co-investor Ontario Teachers Private Capital first kicked off the exit process of the New Zealand Yellow Pages Group, approaching a plethora of private equity and industry-related potential...
Crescent sells National Hearing Care to international buyer
Crescent Capital Partners and Macquarie Group have sold local hearing healthcare business National Hearing Care Group (NHC) to Italian hearing aid retailer Amplifon SA, the leading global player in the sector, for A$460 million ($441 million).
J-STAR drives healthcare in Japan
In a deal that displays PE's ability to drive sector change in Japan, and that highlights the continuing buoyancy of the local mid-market, J-STAR Co., Ltd. has bought out Apo Plus Station Co. Ltd., a privately-held medical solutions company, in an MBO.
Ascent invests India infrastructure, real estate with IVRCL Assets
Ascent Capital Advisors India, the Indian private equity firm that launched out of UTI Venture Funds Management, has made a PIPE investment of some INR150 crore ($33.8 million) into IVRCL Assets and Holdings, a Hyderabad-headquartered infrastructure and...
India's Tech Mahindra sees Providence, Apax private equity interest in BT stake
Leading private equity firms seem to be lining up for one of India’s larger assets, telecoms and IT outsourcing and services provider Tech Mahindra, in a deal that could be worth up to INR37 billion ($830 million).
Prax Capital does NASDAQ PIPE in China's Keyuan Petrochemicals
China-focused private equity firm Prax Capital Management has led a $20.3 million PIPE investment in NASDAQ-listed Keyuan Petrochemicals, Inc., a Chinese petrochemical products manufacturer.
Bain completes Mr. China ASIMCO deal
Bain Capital has announced the completion of its acquisition of ASIMCO Technologies Ltd., the Beijing-headquartered auto parts company made famous by the book ‘Mr. China,’ from Key Principal Partners and other investors in the business.
Goldman Sachs sells down ICBC stake
Goldman Sachs, which originally purchased a 4.9% stake in Industrial and Commercial Bank of China, came back in the market after almost a year and a half to sell down a further 0.9% of its holding, raising an estimated $2.25 billion in the process.
Standard Chartered Private Equity plans IPO exit with India’s Endurance Techologies
Standard Chartered Private Equity Ltd. (SCPEL) is looking at a partial exit from Indian investee Endurance Technologies Ltd. via an IPO, as the auto parts manufacturer targets a domestic listing.
TPG PRC investee ShangPharma targets listing on NYSE
ShangPharma Corp., a PRC company offering R&D outsourcing services for the pharma and biotech markets, and invested by TPG Capital, has filed for an IPO on the NYSE.
Japan's Tonchidot com gets $12 million from local, global VCs
Tonchidot Corporation., a privately-held provider of mobile augmented-reality platforms in Japan, has raised $12 million in Series B funding from local and global venture capital firms.
Intel Capital to invest in India's Allied Digital
Intel Capital is to commit some INR32 crore ($7.3 million) to BSE-listed Indian IT company Allied Digital Services Ltd., to pick up warrants convertible into around a 3% stake in the IT services and solutions business.