Investments
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.
Goldman Sachs-led consortium injects another $70 million in PRC rent-a-car business
Goldman Sachs Group has reportedly led a consortium of growth-capital investors to inject $70 million in eHi Car Rental Co., a Shanghai-based car rental chain operator which recently raised around RMB1 billion ($147 million) from investor groups, including...
Japan's INCJ will invest $41 million in battery business
Innovation Network Corporation of Japan, the state-owned fund supported by public capital, will invest JPY3.5 billion ($41.3 million) in Enax Co., Ltd., an lithium-ion battery developer in Japan.
IDG Capital makes angel investment in tea shop in Fuzhou
IDG Capital, a leading venture capital firm with special focuse on the China market, has invested RMB50 million ($7.35 million) in Fujian Impression Dahongpao Tea Co., Ltd., which operates three tea shops in the Gulou, Taijiang and Changle districts...
Norwest, Xander Group take stake in Sadbhav Infrastructure
PE players Norwest Venture Partners and The Xander Group have taken a more than 22% stake in road- and highway-development focused Sadbhav Infrastructure Project Ltd., forking over INR200 crore ($42.7 million) apiece for their control.
China-focused My Decker Capital invests $40 million in Beijing supermarket chain
My Decker Capital, a China-focused investment firm with operational offices in Beijing, Hong Kong and New York, has made a $40 million investment in Beijing New Cooperation Chain Supermarket through its PE investment fund, the My Decker China Fund.
Tata Capital in talks to acquire TT Forex
Tata Capital is reportedly nearing a deal with Indian conglomerate TTK Group to acquire its foreign exchange unit TT Forex.
L Capital invests Emperor Watch with DE Shaw
L Capital, the investment arm of international luxury goods major LVMH Moet Hennessy Louis Vuitton, has picked up some $31 million of convertible bonds and warrants in Hong Kong-listed Emperor Watch & Jewellery Ltd., equivalent to around 7.46% of the...
Warburg Pincus seeks $113 million through Intime Department Store stake sale
Warburg Pincus is looking to raise up to $113 million through the sale of more than one-third of its remaining stake in Hong Kong-listed Intime Department Store Co.
Tencent buys Sequoia-, Morningside Ventures- and Google-backed SNS provider
Chinese internet behemoth – and the world’s third-largest internet company – Tencent Holdings has purchased social networking provider Comsenz for a reported $60 million, seeing backers Sequoia Capital, Morningside Ventures and Google exit their...