Investments
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.
Navis completes exit from Linatex
Navis Capital Partners has completed its exit from investee Linatex to the UK's Weir Group, for $200 million, following a regulatory approval from South Africa's Competition Commission.
CDH takes stake in China's Motie Publishing
CDH Investments, the China-focused private equity and VC firm, has made an investment of at least RMB100 million ($14.8 million) in Motie Publishing, a PRC book publisher.
Kotak Realty Funds set to exit two real estate investees
Kotak Realty Funds Group is set to exit two of its real estate investments, both IT parks in Tier One cities in India.
Bain's Sankaty opposes TPG-led Alinta rescue in Australia
Sankaty Advisors, the special situations/credit affiliate of Bain Capital, is opposing the bailout plan led by TPG Capital's TPG Opportunities Partners unit, with Oaktree Capital and Anchorage Advisers, for struggling Australian power producer Alinta...
Northstar sells stake in Sumber Alfaria in Indonesia
Indonesian private equity firm Northstar Pacific Partners has sold a 28.52% stake in local-listed retail business PT Sumber Alfaria to a consortium of five foreign buyers, receiving INR448.46 billion ($50 million) or almost a 203% return on its investment....
Bain converts GOME bonds to get 10% stake
US buyout firm Bain Capital has converted its RMB1.59 billion ($236 million) of bond shares in troubled Hong Kong-listed investee GOME Electrical Appliances Holdings, the second largest electric retail chain in the PRC, into a 9.98% equity stake, gaining...
Standard Chartered Private Equity begins partial exit from Mahindra & Mahindra Financial Services
Standard Chartered Private Equity is reportedly in the process of partially exiting its stake in Indian rural-focused, auto-finance firm Mahindra & Mahindra Financial Services, for an estimated 2.2x return on its investment.
Navis makes it to second round of Carrefour Southeast Asia bid
Navis Capital Partners is reportedly among the shortlisted contenders for French hypermarket chain Carrefour’s Southeast Asian operations, coming after Carrefour narrowed the field of bidders for its assets, which could draw up to $1 billion.
Taiwan's No.1 insurer Cathay Financial taps into private equity investment
Cathay Financial Holding Co., Taiwan’s largest listed financial services company, received formal approval by its board for its life insurance unit to invest up to $150 million in overseas private equity, as well as executing a purchase plan in local...
Taisho, others assessing Actis, Sequoia India investee Paras Pharma
Japanese pharma major Taisho Pharmaceutical Co. Ltd., as well as at least one other leading non-Indian drug firm, is conducting due diligence on Actis Capital and Sequoia Capital investee Paras Pharmaceuticals, in a competitive exit process that could...
SAIF-backed China Huiyuan said breaching loan terms
China Huiyuan Juice Group Ltd., the high-profile portfolio company of SAIF Partners has reportedly breached its loan covenants, leading to a suspension in trading of shares in the pure juice maker by Chinese regulators from September 10th-13th.
Australia's Crescent Capital plans National Hearing healthcare IPO
Crescent Capital Partners, a mid-market Australian private equity firm, is planning an IPO for investee National Hearing Care, an audiology business, possibly as early as October.
Buyout firm among bidders for Korea's Woori Bank
The South Korean government has narrowed the field of potential bidders in the $6 billion privatization of Woori Finance Holdings to four, including one buyout fund, according to a government spokesperson.
Israel's Infinity establishes IP bank in China
Infinity Group, the Israel-based private equity firm with a special focus on China, announced the formation of an IP (intellectual property) bank in China, to help to develop clients’ IP businesses.
VC-backed ChinaCache goes for NASDAQ IPO
Venture capital-backed ChinaCache International Holdings, which claims to be China's largest online content delivery service provider, has applied for an IPO on NASDAQ, promising a liquidity event for investors including Intel Capital and Qiming Venture...
Carlye and TPG get regulatory approval to buy Healthscope for $2.5 billion
Global private equity giants the Carlyle Group and TPG Capital have received a green light from Australia's Foreign Investment Review Board to acquire the country's second-largest hospital operator, Healthscope.
Danone completes selloff from SAIF investee China Huiyuan Juice
Danone, the European food and beverages giant, has completed the sale of its 10.83% stake in China Huiyuan Juice Group Ltd., the Chinese juice maker which is about 23% owned by SAIF Parters.