Investments
IFC will inject $152 million in China wind power project
The International Finance Corporation (IFC) will inject $152 million as a long-term loan to Guazhou Xiehe Wind Power Co., Ltd., a project company invested by China WindPower (CW), a PRC-listed integrated wind power generation company.
Norwest leads $7.2 million fundraising round for Perfint Healthcare
Norwest Venture Partners has led a $7.2 million Series B fundraising round for Indian medical equipment developer Perfint Healthcare Pvt Ltd. with Perfint’s existing investors Accel Partners and IDG Ventures also participating in the financing.
Allied Medical talks complicate Healthscope situation
The $1.6 billion takeover bid for Australian private hospital and pathology operator Healthscope by a consortium of the Blackstone Group, the Carlyle Group, and TPG Capital, with a rival bid from Kohlberg Kravis Roberts & Co., has been complicated by...
Shan's Pacific Alliance bidding for AIA?
Hong Kong-headquartered private equity firm Pacific Alliance Group (PAG) is leading one of four PRC-backed consortia that have approached AIG over the possible acquisition of its Asia division AIA, which is on the market again following Prudential's failed...
Goldman Sachs to sell its 86% stake in Teibow
Goldman Sachs is set to sell its 86% stake in Japanese manufacturer of pen nibs Teibow Co. for as much as JPY10 billion ($113 million), according to reports.
Fortress gets debt entry to daVinci
Fortress Investment Group, the distressed debt and real estate investment firm, has made a $232 million investment into Japanese real estate firm daVinci Holdings, by acquiring a loan originally made by BNP Paribas.
ICICI Venture's Entertainment World to launch $96 million IPO - reports
ICICI Venture-backed real estate firm Entertainment World Developers Ltd (EWDL) reportedly looks to raise INR4.5 billion rupees ($96 million) in an IPO.
Lombard targets Philippines healthcare with The Medical City
Veteran Asian investment firm Lombard Investments has announced a follow-on investment into The Medical City, a market-leading private healthcare group in the Philippines, for an undisclosed amount.
Khazanah cornerstones Hony investee Chaowei Power IPO
Chaowei Power Holdings Ltd., a PRC electric bike motor battery manufacturer, debuted on the Stock Exchange of Hong Kong, collecting HK$474.8 million ($61 million), but saw its stock fall over 9% on its first trading day, amid global and PRC economic uncertainties....
IL&FS India Realty Fund II to invest Aria Hotels
IL&FS Investment Managers' $895 million IL&FS India Realty Fund II will invest INR80 crore ($17.2 million) for an undisclosed stake in Aria Hotels and Consultancy Services (Aria Hotels), a subsidiary of the Asian Hotels group, which owns the 400-room...
Olympus enters Tata-Indo mining deal
Olympus Capital Holdings Asia to buy stakes in two Tata Power coal special purpose vehicles (SPVs), Bhira Investment Ltd. and Bhivpuri Investment Ltd., for $300 million – capital that will be allocated to fund the Indian power producer’s future acquisitions...
Yeoman's work for Carlyle
The Carlyle Group, through its $2.55 billion Carlyle Asia Partners III LP fund, has agreed pay $175 million to take an 11.3% stake in the Chinese subsidiary of Thai animal feed maker C.P. Pokphand Co., the second-largest supplier of animal feed by sales...
A schizophrenic industry?
The latest AVCJ Research figures on private equity activity in 2010 show an industry that is powering ahead in precisely the weakest areas for private equity in the West.
San Miguel offers 49% of Pure Foods
Raymond Ang, president of Philippine conglomerate San Miguel Corp., has confirmed that the group will be selling 49% of its foods division Pure Foods, rather than the entire group, with an estimated value of $588 million.
IFC, FE Clean invest Bhilwara Energy
The International Finance Corporation (IFC) and Indian private equity firm FE Clean Energy have jointly invested $50 million 50:50 into Noida-headquartered Bhilwara Energy Ltd., a hydroelectric power and manufacturing group, for a 10.8% stake.
Blackstone to take over BofA real estate portfolio in Asia
US private equity firm the Blackstone Group will pick up opportunities in Asian real estate deals by taking over management of a portfolio of regional real estate investments from Bank of America Merrill Lynch, according to reports.
DCM invests Yesmylife
Leading Menlo Park-headquartered VC firm Doll Capital Management (DCM) has revealed that it led a $10 million Series B investment round in Shanghai-headquartered MOS Holdings, Ltd., also known as Yesmylife and Yesmynet.
CDH Venture invests $10 million in Chinese English TV channel
CDH Venture Partners, the Chinese VC firm linked to CDH Investments, has invested over $10 million in Blue Ocean Network (BON TV), China's first private English-language television channel targeting overseas audiences.
Global Venture Capital and DIT Partners back Piku Media
Piku Media KK, operator of Japan's first daily discounts and special deals website, Piku.jp, raised an additional JPY650 million ($7.3 million) from local and offshore institutional investors, including Tokyo-based Global Venture Capital Inc., DIT Partners...
IDG VC, JAFCO, WI Harper invest PRC WAP provider 3g.cn
Wireless Application Protocol (WAP) portal 3g.cn has raised more than $10 million in its third round of financing from VC firms including China Broadband Capital Partners (CBC), IDG VC Partners, JAFCO Asia, and WI Harper Group.
Carlyle to take 11.3% of Pokphand for China
The Carlyle Group has agreed to acquire an 11.3% stake in Thailand-headquartered animal-feed maker C.P. Pokphand Co., the second largest supplier of animal feed by sales in China, from Charoen Pokphand Group, Thailand’s largest agribusiness conglomerate,...
KKR, Permira cited for MBK CNS sale
Kohlberg Kravis Roberts & Co. and UK-headquartered Permira are among potential bidders for China Network Systems (CNS), the Taiwanese cable TV asset that MBK Partners is seeking to exit for up to $2.5 billion, according to reports.
Khazanah extends Parkway bid
Malaysian SWF Khazanah Nasional has extended its partial offer for a control stake in Singapore-based hospital group Parkway Holdings to July 26th, a moves that comes as it repositions itself after fellow Parkway stakeholder and rival bidder Fortis Group...
IDFC collects from Khazanah, Actis
Indian infrastructure finance leader Infrastructure Development Finance Co. (IDFC) is to raise INR840 crore ($179 million) through an institutional placement of convertible preference shares to current investor Malaysian SWF Khazanah Nasional and UK private...