Investments
Baring India investee PharmaARC could seek fresh funds
PharmaARC Analytics Solutions, a healthcare BPO company invested by Baring Private Equity India, may be seeking further investment - a move that contradicts Baring, which has stated that it has neither plans to exit its 10% stake nor commitment to inject...
Accel does biggest software deal to date with Oz Atlassian
Accel Partners, the Silicon Valley-headquartered VC firm, has made what is ostensibly its largest investment in a software business to date, with a $60 million commitment to Atlassian Pty, a Sydney-based software developer.
San Miguel evaluates Carlyle, CVC Pure Foods buyout offers
Philippines conglomerate San Miguel Corp. said it is reconsidering offers from the Carlyle Group and CVC Capital Partners to buy 100% of its subsidiary Pure Foods, coming as it weighs the three domestic and one offshore offers it reportedly received last...
Khazanah may boost Parkway offer to beat Fortis
Following an offer by Malaysian sovereign wealth fund Khazanah Nasional to take a 51.5% stake in Singapore-based hospital group Parkway Holdings for $835 million, or S$3.78 ($2.75) a share, Khazanah is considering offering S$4.00 ($2.90) a share in order...
Temasek to invest RMB2 billion in China IT real estate project
Temasek Holdings is to inject RMB2 billion ($295 million) into a real estate project in Guangzhou in southern China, through its subsidiary Singbridge International, in partnership with Guangzhou municipal government and with an investment ratio of 50:50.
Carlyle, TPG wrap up Healthscope for $1.73 billion
The Carlyle Group and TPG Capital have successfully concluded their bid for Australia's Healthscope with a A$1.99 billion ($1.73 billion) all-cash offer, well above previous expectations, in the biggest Australian private equity deal since 2007.
Final Healthscope bids confirmed by Carlyle, TPG as Blackstone withdraws
The Jul 16th deadline for bids on Australian private hospital and pathology operator Healthscope saw the Carlyle Group and TPG Capital confirm that they had submitted bids for the asset, despite the withdrawal of Blackstone Group from their consortium...
Longeach succeeds in bid for 99.53% of Sanyo Logistics
Pan-Asian private equity firm The Longreach Group announced the successful completion of its tender offer to acquire the issued and outstanding common shares of Sanyo Electric Logistics Co., Ltd., the logistics subsidiary owned by Sanyo Electric Co.,...
Industrial Long fund buys Maruei store in Japan
Maruei Department Co., Ltd, an Aichi-based department store operator, will sell its 100%-owned Toyohashi Maruei Co., which operates a branch of the Maruei brand department store in the Chubu area of Japan's main island of Honshu, to the Industrial Long...
KKR plans to raise $800 million for China Growth Fund
Kohlberg Kravis Roberts & Co. plans to raise $800 million to invest in China with its new USD-denominated KKR China Growth Fund, its first China-directed vehicle since it set up its $4 billion KKR Asian Fund, and its first specific growth capital fund.
Aureos exits Truong Thanh Furniture, its first Vietnam exit
The Aureos South-East Asia Fund LLC (ASEAF), managed by emerging markets investor Aureos Capital, has fully exited Truong Thanh Furniture Corporation after three and a half years - its first exit in Vietnam.
Howard Morgan of Castle Harlan
Senior Managing Director at buyout firm Castle Harlan, Howard Morgan, talks about Australia’s rebound from the GFC and how the market, as resilient as it is, would struggle if another crisis were to hit.
Helion Venture leads $6 million Komli Media India deal
Helion Venture Partners, Nexus Venture Partners and Draper Fisher Jurvetson India have infused an additional $6 million into digital ad network Komli Media India Pvt. Ltd.
CCBI Healthcare Fund makes two investments
CCB International, the investment arm of China Construction Bank, has made two investments in the medical sector, including an RMB150 million ($36.9 million) capital injection into Luyan, a medical company in Fujian, and an RMB100 million ($14.7 million)...
CPPIB launches $3.05 billion bid for Australia's Intoll Group
The Canada Pension Plan Investment Board (CPPIB) has launched an A$3.4 billion ($3.05 billion) takeover bid for Australian road toll operator Intoll Group – a cash offer that comes at a 38% premium over the target's latest closing price.
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.