Investments
CIC sells $138 million Morgan Stanley shares, seeks hires
China Investment Corporation (CIC), China's leading SWF, sold $138.5 million worth of Morgan Stanley shares last week, according to a filing with the US SEC, as it seeks to recruit up to 64 new personnel.
VC-backed China Kanghui seeks $75 million IPO on NYSE
VC-funded China Kanghui Holdings, a manufacturer of orthopedic implants, has filed for a $75 million IPO on the New York Stock Exchange, with investors including IDG Capital, Accel Partners, TDF Capital, CDH Ventures and VivoVentures.
MakeMyTrip IPO could give big exit for VCs
VC-backed Indian online travel company MakeMyTrip(MMT) may deliver one of the largest recent exits for investors via a debut on NASDAQ, after filing for an IPO expected to raise up to $100 million.
Temasek to sell Fraser and Neave stake to Kirin
Seletar Investments Pte Ltd., a wholly-owned subsidiary of Singapore SWF Temasek Holdings, will sell a 14.7% stake in Fraser and Neave Ltd. (F&N), the largest beverage company in Malaysia and Singapore, to Kirin Holdings Company, Ltd., Japan’s largest...
ICICI Venture may offload stake in I-Ven Medicare
ICICI Venture is reportedly set to exit a large portion of its healthcare arm I-Ven Medicare India Pvt. Ltd. – which is further a component of its India Advantage Fund Series 2 - and is said to be in talks with Mumbai-based PE firm India Value Fund Advisors...
ANZ back in KEB frame?
After a stop-and-go involvement in the auction of Lone Star Funds' 51% stake in Korea Exchange Bank, which included a statement earlier this month that it was not considering any deals at all, Australia and New Zealand Banking Group (ANZ) may now be about...
Bain goes for Mr. China's ASIMCO
Bain Capital is to become the controlling shareholder of ASIMCO Technologies Ltd., the Beijing-based manufacture of automotive components made famous by the book ‘Mr. China,’ for $150 million.
Gung-ho for Kyobo as buyout firms assess stake
Potential private equity buyers, specifically Affinity Equity Partners and the Carlyle Group, are doing due diligence on a potential 24% significant minority stake opportunity in Kyobo Life Insurance Co., Korea’s third-largest insurer and second-largest...
Yellow Pages auction up a gum tree?
Unitas Capital and Ontario LP direct investment major Teacher’s Private Capital are reportedly hunting for buyers for New Zealand’s Yellow Pages Group, having launched a sale process for the estimated $700 million asset – more than 50% lower than the...
Khazanah wins Parkway
Malaysian SWF Khazanah Nasional has reportedly won the battle with Fortis Healthcare for control of Singapore hospital asset Parkway Holdings, after the latter opted to sell its entire 25.37% stake to Khazanah, as the SWF launched a $2.56 billion general...
BofA secondaries may go to Asia
Bank of America Corp. is seeking to sell up to $1.2 billion of secondary positions in Warburg Pincus funds, with the China Investment Corporation (CIC) cited as one of the most likely buyers, according to reports.
Capital Today invests PRC travel welsite Uzai.com
Capital Today, the growth-focused private equity firm based in Shanghai, has invested $5 million in Uzai.com, a travel website in the city.
CCBI Healthcare Fund invests Shanghai Kindly
CCBI Healthcare Fund, a fund managed by China Construction Bank International (CCBI), has invested an undisclosed sum in Shanghai Kindly Enterprise Development Group (KDL), a producer and developer of disposable medical devices.
Carlyle completing Kbro exit to Tsais
The Carlyle Group has reportedly finalized the exit of its Taiwanese cable TV investment Kbro to the Tsai business family, owners of Taiwan Mobile, the company that Carlyle originally planned to exit the asset to.
Unitas, OTPP ready NZ Yellow Pages for sale
Offering up the asset that launched NZ's much-praised "yellow tree house" ad campaign, regional buyout firm Unitas Capital and its co-investor Ontario Teachers Private Capital have kicked off the exit process from boom-era Antipodean telecoms investment...
JAFCO invests Singapore's Consilium
VC-focused JAFCO Asia has raised an undisclosed amount in Series A funding for Singapore-based Consilium Software, a communications solutions firm with operations in India, Southeast Asia, Taiwan and Canada.
Starr invests China's Top Grade Healthcare
Starr International Company, a privately-held global financial services group, has made a $40 million investment in Top Grade Healthcare Ltd., a provider of diagnostic imaging equipment and hospital management services in China.
Sequoia puts best foot forward with OkayBuy
Sequoia Capita has participated in the second round of funding for OkayBuy, an online retailer of shoes in China, with other two unidentified investors.
CHAMP seeks buyers for Healthcare Australia
In the latest Australian healthcare sector deal, local PE firm CHAMP Private Equity is reportedly looking to sell Healthcare Australia, the country’s largest nursing, homecare and medical specialist placement company, worth an estimated $265 million....
PE-backed Ambow files for NYSE IPO
Ambow Education Holding Ltd. - a PRC education and career development service provider backed by Actis, CStar Investment, EdVenture, JAFCO Asia Technology Fund and Macquarie - has filed for an IPO on the New York Stock Exchange, planning to raise nearly...
CVCI offloads 14.3% stake in India's JBF Industries
Citigroup Venture Capital International (CVCI) has sold a 14.3% stake in India’s JBF Industries for INR120 crore ($25.4 million) on the Bombay Stock Exchange, with Reliance Capital Trustee Co. in turn picking up 2.55 million shares for a 4.1% stake in...
Blackstone may take over Morgan Stanley's Japan real estate assets
Leading global private equity firm the Blackstone Group is said to be near to finalizing a deal to purchase Morgan Stanley’s holdings of Japan CMBs with a face value of around JPY100 billion ($1.14 billion).
Actis to buy Halonix's general lighting unit
Emerging markets-focused PE firm Actis Capital is to fully acquire the loss-making general lighting business of Indian halogen bulb and lamp manufacturer Halonix, a company in which it currently holds a 66% controlling stake.
VC-backed Opulan bought by Atheros
Opulan Technologies Corp, a privately held Chinese fabless semiconductor company backed by VC firms including AsiaVest Partners, Acorn Campus, and KLM Capital Group, has agreed to be acquired by NASDAQ-listed Atheros Communications Inc., in a deal valued...