Investments
SAIF gets juice from Huiyuan
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group from French food group Danone, purchasing the tranche for about $260 million, one year after the Chinese government foiled Coca-Cola Co.’s bid to acquire Huiyuan...
WuXi Pharma sees no exit via Charles River
VC-invested PRC pharmaceutical major WuXi PharmaTech saw its $1.6 billion sale to US peer Charles River Laboratories fail over opposition from major shareholders in Massachusetts-based Charles River, including Neuberger Berman and hedge fund Jana Partners....
TLG Capital does first deal in India with Re-feel Cartridge
TLG Capital, a London-based investment firm, has made its first investment in India, taking a 36% stake in privately held Re-feel Cartridge Engineering Pvt Ltd, the country's largest printer cartridge refill and laptop repair services company, for some...
Murray's GEMS does new Sino-Forest deal
Entities under General Enterprise Management Services Ltd. (GEMS), the private equity platform of veteran investor Simon Murray, have completed the latest transaction related to noted GEMS investee Sino-Forest Corp., with a new investment and subsidiary...
Advantage steps back from Willcom's restructuring
Willcom Inc., the Japanese PHS (personal handy-phone system) operator 60% owned by the Carlyle Group, and now in Chapter 11 bankruptcy restructuring, will be supported by Softbank Corp., Japan's No.3 mobile phone operator, without the participation of...
Summer daze
AVCJ is taking a well-earned break, but astute readers will already have noticed that summer is a’coming in on anything but a quiet note.
IDG Capital invests $29.5 million in Superdata Software Technology in China
IDG Capital Partners has made a follow-on capital injection of RMB200 million ($29.5 million) into Superdata Software Technology (Guangzhou) Ltd., a China-based provider of SME management software.
IFC, JBIC make joint PNG bank investment
The International Finance Corporation (IFC), the World Bank Group's private finance arm, and IFC Capitalization Fund, a $3 billion fund set up by IFC and the Japan Bank for International Cooperation, have jointly invested around $110 million in Bank South...
Palamon, Morgan Stanley, AlpInvest get Oz cards spinout exit
Palamon Capital Partners, Morgan Stanley Alternative Investment Partners and AlpInvest Partners have picked up A$353 million ($319 million) from the sale of the Australian operations of their joint investee Retail Decisions, a card payment-processing...
IL&FS acquires Saffron Assets Advisors
IL&FS Investment Managers has acquired for an undisclosed amount the real estate-focused PE firm Saffron Assets Advisors, which has $400 million under management, bringing the total assets under IL&FS’ management to $3.2 billion and securing its spot...
Archer Capital's Ausfuel plans consolidation merger
Ausfuel Group, a fuel and lubricants distributor in Australia, 75% owned by local buyout firm Archer Capital since May this year, is in talks with Gull Petroleum, a Perth-based petroleum retailer, to consolidate the two companies in a deal valued at some...
Silver Lake to buy Allyes from China's Focus Media
Global PE firm Silver Lake is set to take a 62% stake in digital ad service Allyes Online Media Holdings Ltd. in a $124 million deal that sees power for the company transfer from China’s Focus Media Holding Ltd., which fully purchased Allyes in 2007....
Legend Capital invests in Yixintang Drugstore and eBen
Beijing-headquartered VC firm Legend Capital reportedly aims to invest RMB150million ($22 million) in Yixintang Drugstore, the seventh-largest drugstore chain operator in China, to support its expansion in the region.
SBI Macquarie Infrastructure Fund takes 12% of power project in India
SBI Macquarie Infrastructure Fund, a joint venture between the State Bank of India and Australia's Macquarie Group Limited, has reportedly taken a 12% stake in India's Adhunik Power and Natural Resources for IND125 crore ($26.9 million).
WuXi Pharma exit to Charles River nixed
VC-invested PRC pharmaceutical major WuXi PharmaTech has seen its $1.6 billion sale to US peer Charles River Laboratories fail over opposition from major shareholders in Massachusetts-based Charles River, including Neuberger Berman and hedge fund Jana...
Baring India, Matrix back Muthoot Finance
Baring Private Equity Partners India and Matrix Partners India have jointly committed some INR157 crore ($33.6 million) to Muthoot Finance Ltd., a leading Indian non-bank financial company, in its first institutional funding round.
CVCI makes 90% exit from India's KS Oils
Citigroup Venture Capital International (CVCI) has reportedly exited 90% of its 4.95% stake in cooking oil company KS Oils for INR93 crore ($19.9 million).
Primus-backed EON sets vote date for Hong Leong bid
Primus Pacific Partners-backed EON Capital Bhd., a Malaysian lender, has been given until August 19 to decide on its acquisition by Hong Leong Bank, which launched a $1.6 billion bid for the company.
CIC investee Goodman Group eyes ING Oz REIT fund
Goodman Group, the world's third largest logistics facilities operator in Australia, and 18.2% owned by SWF the China Investment Corporation, has emerged as the most likely buyer of management rights for the A$1.2 billion ($1.07 billion) ASX-listed ING...
Israel's Giza solar investee Danen lists in Taiwan
Giza Venture Partners, an Israeli venture capital firm, has seen its portfolio company Danen Technology, a Taiwanese solar wafer manufacturer, debut on the Taiwan Stock Exchange with a market cap of around $350 million.
SAIF Partners buys 22.98% stake in Huiyuan Juice Group from Danone
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group, for approximately $260 million, more than one year after the Chinese government foiled Coca-Cola Co.’s bid to acquire Huiyuan for $2.4 billion.
H&QAP claims 11x return on Fabrinet after IPO
Long-established regional private equity firm H&Q Asia Pacific (H&QAP) has claimed an 11x return on its 1999 investment in Thailand-headquartered optical and electronic components foundry company Fabrinet, after the latter's IPO on the NYSE earlier in...
Partners Group gets $100 million KIC real estate mandate
Korea Investment Corporation, the SWF that manages some $27 billion of assets for the Korean government and the Bank of Korea, has mandated around $100 million to Swiss-based private equity firm Partners Group to seek investment opportunities in the private...
Soros seeks Dubai's BSE stake
Soros Fund Management, the investment vehicle of iconic investor George Soros, is looking to buy the 3.92% stake in the Bombay Stock Exchange held by Dubai Holdings, for around $40 million, according to reports.