Investments
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.
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...
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...