Investments
Origo invests PRC batteries with Unipower
UK-listed private equity investor Origo Partners has committed around $4.3 million to PRC lithium-iron battery manufacturer Unipower Battery, currently being spun out of privately held parent Huanyu Group.
Japan's DBJ and banks to form $1.18bn turnaround fund
The Development Bank of Japan is slated to launch a JPY100 billion ($1.18 billion) fund, specializing in local corporate restructuring and turnaround, in partnership with the Bank of Tokyo Mitsubishi UFJ and Sumitomo Mitsui Banking Corp., at the end of...
China-focused venture group invests $21 million in ActBlue
Venture capital investors Shenzhen Green Pine Capital Partners (GPCP), IDGVC Partners and Shenzhen Leaguer Venture Capital Co., with three unidentified venture players, have collectively injected RMB150 million ($21 million) in privately held Anhui ActBlue...
WI Harper invests in online insurance company in China
Beijing-based VC firm WI Harper has led the first round of fundraising in digitized insurance company 360bao, investing an undisclosed amount.
Baer Capital anticipates first exit, second fund launch in 2010
Baer Capital Partners, an India-focused investment firm based in Dubai, is looking to make its first exit by ushering portfolio company A2Z Group onto an Indian exchange, coming as the four-year-old firm additionally looks to raise a reported $300 million...
TPG's Newbridge Asia to sell $1.16 billion of Ping An shares
TPG Capital’s legacy fund Newbridge Asia is reportedly preparing to sell $1.16 billion worth of shares in Ping An Insurance Group Co. of China, coming as the insurer – the world’s second-largest – looks to streamline the integration of its holding Shenzhen...
Fed allows CIC to be second-largest foreign investor in Morgan Stanley
China Investment Corporation (CIC) has reportedly received the green light from the US Federal Reserve to take up to a 10% voting stake in Morgan Stanley, which would make the SWF the second-largest investor in the financial giant after Bank of Tokyo...
Navis, PE firms vie for Carrefour's Southeast Asia assets
Private equity firms including Navis Capital Partners are said to have taken part in a preliminary bidding round for Carrefour’s assets in Singapore, Malaysia and Thailand, taking on retailers from Asia and Europe for the billion-dollar target.
DBJ's mezzanine financing supports K Tech's MBO
The Development Bank of Japan (DBJ) has thrown its support behind the management of K Technology Corporation in its endeavor to launch an MBO - a move that would see Japanese PE firm Risa Partners part ways with its asset.
Evolvence partially exits Consolidated Construction Consortium
Evolvence Capital has begun its divestment process in India’s Consolidated Construction Consortium Ltd. (CCCL), an asset it has been linked to for nearly five years and ushered onto the public stock market.
Aavishkaar makes partial exit in microfinance holdings, refocuses on social enterprises
VC firm Aavishkaar Venture Management has partially exited its stake in its microfinance and micro-venture capital funds, coming as the firm looks to refocus its operations on social-enterprise targets in the coming years.
CHAMP in talks for Contract Aviation Industries
CHAMP Private Equity has emerged as a potential bidder for Australian aircraft and helicopter leasing company Contract Aviation Industries, joining US buyout major The Carlyle Group to vie for the asset.
Lazard exits D&B Australia, seeing 3x profit on initial investment
The Australian private equity arm of financial advisory firm Lazard Ltd. has fully exited credit-reporting and debt-collecting business Dun & Bradstreet Australia, selling the business to a subsidiary of the D&B Corp. for A$233 million ($209 million)...
GIC exits complete holdings in China's Ruinian
GIC Special Investments, the Singapore state-owned private equity investment unit, is understood to have sold its complete remaining stake in Ruinian International Co., Ltd., a manufacturer of health-related products in China.
Regulators block Nan Shan sale to China Strategic and Primus tandem
Taiwan's Financial Supervisory Commission has rejected the $2.15 billion acquisition bid for AIG’s local unit Nan Shan Life Insurance launched by China Strategic and Primus Financial Holdings, with sources attributing their reservations to the consortium’s...
CPPIB on the (Aussie) road again
In a deal that looks set to transform the regional infrastructure and private equity investment numbers for 2010, Canada Pension Plan Investment Board (CPPIB) has received a formal recommendation from the board of Australian toll road player Intoll Group...
Wise paints the town with Teibow
Tokyo-based private equity firm Wise Partners has won the takeover contest for Teibow Co., a leading Japanese maker of felt pen nibs, from Goldman Sachs, in a deal estimated at around JPY12 billion ($141 million). The Development Bank of Japan (DBJ) was...
Potash a hot commodity
When Canadian fertilizers mining leader PotashCorp formally rejected Australia-headquartered resources major BHP Billiton’s $130-per-share, $39 billion takeover bid last week, expectations were triggered that multiple higher bids would emerge from some...
Daiwa- and Polaris-owned Q'sai sold to Coca-Cola West
Coca-Cola West has bought out Daiwa Corporate Investment- and Polaris Principal Finance-backed Japanese vegetable juice maker Q'sai for JPY63.9 billion ($757 million), which includes JPY28 billion ($331 million) of debt.
Standard Chartered makes $23 million PE investment in Korean teleco operator
Standard Chartered Private Equity Limited (SCPE), the UK lender's Singapore-headquartered PE unit, will invest $23 million in KOSDAQ-listed telecom network equipment and solutions company Dasan Networks, Inc.
Taiwanese diplomat plans for Nan Shan counter bid
In an effort to thwart a consortium led by China Strategic and Primus Financial Holdings from taking control of AIG’s Taiwanese unit Nan Shan Life Insurance, retired Taiwanese diplomat Wang Shih-jung has set up a company financed by Japanese and Qatari...
CPPIB Intoll deal rolling for $3.01 billion
Canada Pension Plan Investment Board (CPPIB) has received a formal recommendation from the board of Australian toll road player Intoll Group for its A$3.4 billion ($3.01 billion) privatization offer, a 2.5% increase on its original bid price in mid-July....
DE Shaw and Reliance Industries to launch $800 million infrastructure fund - reports
DE Shaw and Indian energy powerhouse Reliance Industries are slated to link to launch a $700-800 million infrastructure fund.
Frontline Strategy to launch $150 million fund, its third
PE firm Frontline Strategy is to launch its $150 million Clove Route Fund – its third mid-market vehicle – focused on $10-15 million growth capital investments across sectors in India.