Investments
Sequoia invests in healthcare shopping portal 99times.cn
VC firm Sequoia Capital has invested an undisclosed amount in 99times.cn, a business-to-consumer website vending local healthcare products.
D.E. Shaw to sell holdings in Security & Intelligence Services - reports
Security & Intelligence Services (SIS), a New Delhi-based private security provider backed by global PE firm D.E. Shaw, reportedly aims to raise $100 million by selling shares to a private equity firm, coming as the company looks to expand its operations...
PEP no chicken with Tegel Foods exit
Pacific Equity Partners is seeking exit options for its New Zealand investee, poultry producer Tegel Foods, the country’s largest poultry producer, with a value estimated around A$600 million ($533.2 million), double the price that the ANZ private equity...
IDG Capital invests $40 million in Chinese e-commerce solutions firm
IDG Capital Partners, a China-focused venture capital firm, has made another investment in the mainland's rapidly growing e-commerce sector, infusing $40 million in leading foreign-trade e-commerce solutions provider BizArk.
Clearwater Capital takes additional 4% stake in India's Jamna Auto, lifting its total control to 30%
Private Equity firm Clearwater Capital Partners has taken an additional 4.03% stake in Jamna Auto Industries for approximately $3.2 million, strengthening its ties to the company in which it already has a 26.29% stake.
Sequoia India divests 16% stake in Dr. Lal PathLabs to TA Associates
VC firm Sequoia Capital India has reportedly agreed to sell half of its stake in in Indian diagnostics specialist Dr. Lal PathLabs to US-based PE firm TA Associates, leaving both TA Associates and five-year investor Sequoia with 16% stakes apiece in the...
Applied Ventures, Allen & Buckeridge invest BT Imaging
VC investors Applied Ventures has joined in a $3.8 million Series A-2 investment round for Australian photovoltaic manufacturing quality control business BT Imaging, alongside existing investors Allen & Buckeridge and Uniseed.
TPG nears Vishal acquisition
One month after TPG Capital encountered unexpected opposition from Indian retail brand Future Group in its bid for control of distressed domestic superstore chain owner Vishal Retail, TPG has reportedly been given its necessary break as Vishal’s shareholders...
Hopu may bid for Potash
Hopu Investment Management may be contemplating participation in a bid for Canada's Potash Corp, currently opposing a $39 billion hostile takeover bid from BHP Billiton, according to reports.
GGV, Lightspeed Venture invest MediaV
GGV Capital and Lightspeed Venture Partners have together invested RMB100 million ($14.7 million) in the second round of financing raised by MediaV, a leading provider of digital advertising technology and services in China.
Wise Partners outbid PE rivals to take Goldman's Teibow
Wise Partners, a Japanese private equity firm, will buy Teibow Co., a local maker of felt pen tips, from US investment bank Goldman Sachs for between JPY10-15 billion ($117-176 million).
ANZ report suggests KEB sale still on
Despite earlier unconfirmed reports that Lone Star Funds was canceling its sale of its 51% stake in Korea Exchange Bank, fresh indications have emerged that the sale is still on, with Australia and New Zealand Banking Group (ANZ) reiterating its interest...
San Miguel scraps plans to sell stake in Pure Foods
Months after Philippine conglomerate San Miguel Corp. confirmed that it sought to offload a 49% stake in its foods division Pure Foods – an asset that could fetch $1.3 billion in its entirety and $600 million for its minority stake – the group has...
CIC may let China Asset Management handle some overseas investments
China Investment Corporation (CIC), China’s $300 billion sovereign wealth fund may appoint China Asset Management Co., the country’s largest fund manager, to oversee part of its offshore investments while the SWF is increasing its international exposure.
PEP considering Tegel Foods sale
Pacific Equity Partners is apparently considering strategic options for investee poultry producer Tegel Foods, including a divestment of shares, industry sources said, adding that the deal value could be worth more than A$600 million ($535 million).
NZ government boosts VC fund commitment
The New Zealand government has pledged an additional NZ$40 million ($28.3 million) to the New Zealand Venture Investment Fund, strengthening its commitment to the vehicle in which it has already invested NZ$160 million ($113.13 million).
Korea's KDB buying Daewoo Engineering without fund platform
South Korean government-owned policy bank Korea Development Bank (KDB) will directly acquire Daewoo Engineering and Construction, previously controlled by the Kumho Asiana Group, which is currently struggling under substantial debts, rather than establishing...
China's Huaneng Group, Ontario Teachers eye GMR's US investee
US-based power utility InterGen NV., 50:50 owned by India’s GMR Infrastructure Ltd and Canadian LP Ontario Teachers’ Pension Plan, is in talks to divest half of the company to suitors, including China’s largest energy company China Huaneng Group...
Sequoia may exit Dr Lal PathLabs to TA Associates
Leading VC firm Sequoia Capital appears to be in advance talks to offload half of its stake in Dr Lal PathLabs, India’s largest diagnostics and pathology services chain, to US-based private equity firm TA Associates.
MBK-backed Taiwanese TV firm gets Sony bid
Japanese electronics giant Sony Corporation has made an NT$6 billion ($188 million) acquisition bid for MBK Partners-backed Taiwanese cable television company Gala TV, according to local reports.
Lone Star scrubs KEB sale - or not?
Reports from Korea - sometimes unreliable in business news reporting - have indicated that Lone Star Funds has canceled the sale of its 51% stake in Korea Exchange Bank (KEB), due to lack of buyer interest.
Anchorage to buy Boral business units
Sydney-based private equity firm Anchorage Capital Partners has agreed to acquire the formwork and scaffolding business of local player Boral Ltd which engages in manufacture and supply of building and construction materials in Australia, the US and Asia,...
TPG nears $100 million deal with Shriram Properties
TPG Capital is reportedly set to invest $100 million for a nearly 25% stake in Shriram Properties, an Indian asset with an estimated value of more than $400 million.
Bain, Macquarie, Permira in frame for MBK's CNS
Bain Capital and the UK's Permira Advisers, as well as Macquarie Group, are among the final bidders selected by MBK Partners for its Taiwanese cable investee Cable Network Systems (CNS), which could fetch up to $2.5 billion, according to reports.