Investments
KEB low-ball bid reports false
Korean media reports suggesting that Australia & New Zealand Banking Group (ANZ) and Standard Chartered Bank submitted low bids for Lone Star Funds' 51% stake in Korea Exchange Bank (KEB) at $3.32 billion or less were false - at least according to ANZ...
New Silk Route to control 80% of INX Media
India-focused growth capital firm New Silk Route (NSR) is poised to take 80% control of struggling INX Media - up from its current 20% - as part of a deal to buy out the stakes of two existing investors, Temasek Holdings and Kotak Private Equity.
Nokia, BlueRun jointly invest $20 million in Ganji.com
PRC classified information website Ganji.com has secured $20 million joint investment from Nokia Growth Partners and BlueRun Ventures, to support its plans for the mobile sector.
Affinity exits Loscam to PRC's CIMC - reports
After several months of apparent negotiation, Affinity Equity Partners is reportedly exiting its Australian investee Loscam, a pallet provider, to China International Marine Containers (CIMC), which apparently beat out private equity bidders CHAMP Private...
GMR gains $75 million more from IDFC
Following reports that it was seeking further funding, India's GMR Energy has now secured approximately $75 million from IDFC Group, the prominent local infrastructure finance conglomerate, for a significant minority stake.
Sequoia backs Hindusthan National Glass
Sequoia Capital India has invested $27 million into Indian domestic consumer and household glass container manufacturer Hindusthan National Glass and Industries, through a public markets deal.
HSBC invests India media with Avitel
HSBC Private Equity Asia has made a $10.8 million investment from its $700 million HSBC Asian Ventures Fund 3 into Avitel Post Studioz, a Mumbai-headquartered post-production company working with film and TV clients.
Riverside invests Oz medical evaluator MLCOA
Global SME-focused private equity firm The Riverside Company has invested an undisclosed sum in Australian medical consultancy MLCOA, marking Riverside’s second acquisition in the market.
Carlyle makes $291 million Contract Aviation bid
The Carlyle Group has consummated its protracted pursuit of Contract Aviation Industries with an A$350 million ($291 million) bid for the Australian aircraft and helicopter leasing company, which originally planned to launch an IPO in late March before...
GIC emerges as final bidder for Grosvenor luxury hotel
Government of Singapore Investment Corp. (GIC) has emerged as one of the final contenders vying to acquire the Grosvenor House Hotel, owned by the Royal Bank of Scotland Group PLC.
Baring India makes latest MphasiS stake sale
Baring Private Equity Partners India has sold the third tranche in its protracted exit from IT and BPO solutions business MphasiS, its long-term investment.
Carlyle gets milk with Tirumala Indian investment
The Carlyle Group has made a $23.3 million investment from its Carlyle Asia Growth Partners fund into leading Indian milk company Tirumala Milk Products for a significant minority stake.
Mekong Capital divests Vietnamese retailer Mai Son
Mekong Capital has fully offloaded its investment in Vietnamese luxury fashion retailer Mai Son Joint Stock Company, for an undisclosed amount.
Shan quits TPG for own fund
Weijian Shan, hitherto Managing Partner with TPG Capital in Hong Kong and a leading regional investor for the firm, has now stepped down from his post in an apparently friendly departure, looking to form a new fund of his own.
CPPIB to boost exposure in Asia in 2010
North American LP the $120.8 billion Canada Pension Plan Investment Board (CPPIB) aims to boost its exposure in emerging markets this year, particularly in Asia, Mark Wiseman, CPPIB's EVP for investments has said publicly.
Riverside makes second Japan investment in Naka & Co.
Leading SME-focused private equity firm The Riverside Company has made its fourth investment, and second Japan investment, from its Riverside Asia Fund into Naka & Co., Ltd., a manufacturer and distributor of crystal oscillators.
Advantage moves into China with Qin Jia Yuan media deal
Tokyo-headquartered private equity firm Advantage Partners has made its first Chinese investment, committing HK$170 million ($21.8 million) to Qin Jia Yuan Media Services Co. Ltd. (QJY), an HKSE-listed media group.
Secondary buyouts: Second helpings?
Secondary buyouts appear to be gathering pace in Asia Pacific, from the buyers reportedly circling Loscam in Australia to indications of interest around China Network Systems in Taiwan.
CVC said joining KKR Healthscope bid
CVC Capital Partners may be joining Kohlberg Kravis Roberts & Co. in its A$1.84 billion ($1.56 billion) bid for Australia's Healthscope Ltd., in contention against a consortium of the Carlyle Group and TPG Capital, as well as Dallas-headquartered US strategic...
China Everbright sells Everbright ALAM stake to Ashmore
China Everbright Ltd. has sold up to a 39% stake in Everbright ALAM, its investment manager specializing in China real estate currently co-owned with RQSI Ltd., to Ashmore Investment Management, a specialist emerging markets asset manager.
SIG China investing China Ticket Service
SIG China, a Shanghai-based private equity and VC firm, has invested around RMB100 million ($14.7 million) in a Series B financing round for China Ticket Service Net.
Granite Hill backs Net4 India
US India-focused private equity firm Granite Hill Capital Partners is investing some $1.7 million in Indian-listed network and application services company Net4 India.
Actis plans GVK power deal for India
Actis is planning to invest up to $215 million in GVK Power and Infrastructure Ltd., the coal, gas and hydropower arm of Indian conglomerate GVK, according to Indian reports.
Vietnam Q&A: Chris Freund
Chris Freund, Managing Partner at Mekong Capital, talks about investing in, and fundraising for, Vietnam.