Investments
Citi-backed Camelot prepares for IPO
Camelot Information Systems Inc., a Citigroup Venture Capital-backed provider of business solutions and IT services in China, looks to raise $159.6 million in its NYSE IPO via the sale of at least 13.3. million American depositary shares (ADS).
CIC-AES JV out of wind
PRC SWF the China Investment Corporation (CIC) has jointly announced with $14 billion Virginia-headquartered global power giant AES Corp. that their non-binding letter of intent for CIC to take a 35% stake in AES Wind Generation expired at the end of...
ANZ said out of KEB process
The Australia and New Zealand Banking Group Ltd. (ANZ) is not considering any further participation in Lone Star Funds' sale of its 51% stake in Korea Exchange Bank (KEB), following due diligence, and will also not bid for PT Bank Panin Indonesia, according...
Nimbus revives IPO exit plan
3i Group and Oman International Fund investee Nimbus Communications, an Indian broadcaster which operates the Neo Sports and Neo Cricket channels, has revived an IPO plan originally mooted in 2008, and may seek to raise up to INR750 crore ($160 million)....
SWFs help AgBank shave IPO record
The IPO of the Agricultural Bank of China in Hong Kong and Shanghai raised $19.2 billion, which will breach the Industrial and Commercial Bank of China's all-time record if a further greenshoe placement takes it to an expected $22.1 billion, with much...
Istithmar exits SpiceJet for $25.3 million
Dubai-headquartered investment firm Istithmar has made its expected exit from Indian budget carrier SpiceJet, obtaining $25.3 million from a number of institutional investors for its 6.9% stake in the business.
Chinatrust still in Primus Nan Shan process
A spokesperson for Taiwanese financial group Chinatrust Financial Holding, announced that the company still seeks a 30% stake in Nan Shan Life Insurance, the local unit of American International Group, currently the subject of a delayed $2.15 billion...
Japan's DRC climbs into Kojitu
DRC II, a private equity investment vehicle operated by DRC Capital in Japan, will take a 16.83% stake in Kajitu.Co., Ltd., a JASDAQ-listed climbing and outdoor goods retailer, for JPY227 million ($2.5 million), as part of a capital-raising exercise involving...
Japan: Spring after a long winter?
After a long winter, private equity activity in Japan is slowly but surely showing signs of recovery. In particular, mid-cap acquisitions by private equity players are reviving deal flow.
Carlyle to take 13.6% stake in China Fishery
Singapore-listed China Fishery Group – which began operations as a North Pacific trawling business in 2001 – has announced it will issue new ordinary shares and warrants in a conditional private placement to the Carlyle Group, for a total consideration...
Fitness First to IPO
BC Partners-owned gym chain Fitness First is reportedly looking into an IPO on the Hong Kong, Singapore, Shanghai or Sydney stock exchanges in a public markets debut that could raise as much as $1.8 billion.
Korean government delays Woori sale
The Korean government has delayed the public announcement of its privatization plans for Woori Financial Group, owner of No. 3 Korean lender Woori Bank, likely looking to increase the value of the sale.
Affinity exits Loscam in PRC trade sale
After months of negotiation that supplanted a potential IPO, Affinity Equity Partners has exited its Australian pallet business Loscam – in a trade sale to PRC strategic player China Merchants Group.
Blackstone takes EMOBILE stake in Japan
The Blackstone Group has purchased a stake of around 5.98% in EMOBILE Ltd., a Tokyo-based mobile broadband transmission provider, for JPY16 billion ($182 million) through a third-party allotment.
Affinity exits Loscam - to China Merchants
Affinity Equity Partners has finally exited its Australian pallet business Loscam – to PRC strategic player China Merchants Group, rather than China Merchants investee China International Marine Containers (CIMC), as initial reports suggested.
First Eastern makes second investment in Wuhan
First Eastern Investment Group, the pioneering Hong Kong-based private equity firm, has made a capital injection of RMB100 million ($14.8 million) into Wuhan STDS Environment Tech Co., Ltd. in China.
Blackstone takes China Animal stake
The Blackstone Group has made a commitment giving it exposure to China's foods and agriculture and healthcare sectors, by leading a significant minority investment in Singapore-listed China Animal Healthcare, a maker of animal drugs and vaccines, for...
Carlyle, CVC may enter fray for Pure Foods
Carlyle Group and CVC Capital Partners may join the race to acquire Philippine-based San Miguel Corp.’s subsidiary Pure Foods, a company that could be worth as much as $2 billion, according to reports.
Quadrant acquires Media Monitors
Australia’s Quadrant Private Equity has taken a 100% stake in region-wide media intelligence and news-aggregating firm Media Monitors for an undisclosed amount.
Providence announces terms on $570 million Study Group deal
Providence Equity Partners has announced a final acquisition price of A$660 million ($570 million) for CHAMP Private Equity and Petersen Investments investee Study Group in its first Australian deal.
Fortis bids $2.3 billion for Parkway
Following Malaysian SWF Khazanah Nasional Bhd.’s $835 million bid to gain 51.5% of Parkway Holdings, Asia Pacific’s largest hospital management firm, Indian hospital operator Fortis Healthcare has offered $2.3 billion to acquire Parkway, putting pressure...
Blackstone completes Monnet deal
The Blackstone Group has executed its plans, first publicized in March this year, to invest around $60 million for 12.5% of Monnet Power Co. Ltd., an Indian independent power producer currently developing at 1050MW coal-fired power plant in Orissa state....
Carlyle explores Kbro alternatives after Taiwan Mobile lapse
The Carlyle Group is exploring alternative approaches to allow it to sell its Taiwanese cable investee Kbro after a planned sale to local telecoms operator Taiwan Mobile failed to complete by its end June target date, due to unexpected regulatory hurdles....
CHAMP buys ATF Services from Quadrant
In the region's latest secondary buyout - actually a tertiary transaction - Australia's CHAMP Private Equity has purchased ATF Services, a maker of temporary fence and height-safety products, from Sydney-based Quadrant Private Equity for an undisclosed...