Investments
Nomura may partner MBK on KEB as StanChart withdraws
Leading Japanese brokerage and financial group Nomura Holdings is discussing a partnership with regional buyout firm MBK Partners to make a joint bid for Lone Star Funds’ 51.5% stake in Korea Exchange Bank, expected to go for $3.5-4 billion.
KKR seeks Intelligence in Japan
US private equity giant Kohlberg Kravis Roberts & Co outbid rival the Carlyle Group and local private equity player Advantage Partners to reach final round talks with Intelligence Ltd., a recruitment services subsidiary of Usen Corp, Japan’s wire broadcasting...
WL Ross exits SpiceJet at a premium
Leading US investor Wilbur Ross and his flagship investment group WL Ross & Co. have exited from the 30% stake held since 2008 in Indian budget airline SpiceJet. The exit price was $127 million, yielding a 58% profit after just two years.
Carlyle Contract Aviation win
The Carlyle Group has consummated its extended pursuit of Contract Aviation Industries with an A$350 million ($291 million) buyout offer for the Australian aircraft and helicopter leasing company, which originally planned to launch an IPO in late March...
KKR in final talks with USEN for Intelligence
US private equity giant Kohlberg Kravis Roberts & Co. has outbid global rival the Carlyle Group and local private equity player Advantage Partners to go into the final round for the acquisition of Japan's Intelligence Ltd., the recruitment services subsidiary...
Mekong invests in Vietnam real estate
Mekong Capital, through its Vietnam Azalea Fund, has invested $9.1 million for a minority stake in Nam Long Investment Corporation, a leading privately-owned real estate developer in Vietnam.
Direct Capital invests in Bayleys Corp
Direct Capital, a New Zealand private equity firm, has taken a minority stake in Bayleys Corporation Ltd., a real estate agency and professional property services provider.
Navis exits Linatex to Weir Group
Navis Capital Partners has announced its exit from its 2005 investment into Linatex, a Malaysia-headquartered specialist rubber manufacturer supplying the mining and sand/aggregates industries, through a trade sale to The Weir Group for $172.5 million.
Primus Nan Shan deal amended
Primus Financial Holdings and China Strategic Holdings Ltd. have amended their $2.15 billion joint agreement to buy Nan Shan Life Insurance Company in Taiwan from American International Group, Inc., placing $325 million in an escrow account for a four-year...
Temasek slated for $300 million in AgBank IPO
Singapore SWF Temasek Holdings is now looking to invest some $300 million in the upcoming listing of Agricultural Bank of China, which is expected to raise between $20 billion and $30 billion in the world's biggest IPO to date, according to reports.
Ross flies out of SpiceJet
Leading US investor Wilbur Ross has exited from the 30% stake his WL Ross & Co. investment group held in Indian budget airline SpiceJet for $127 million, yielding a substantial profit after just under two years in the asset.
Fosun, A Capital co-invest Club Med
A Capital Asia, the Hong Kong-based private equity and financial advisory firm, has announced a PIPE co-investment with Fosun, China's largest privately-held conglomerate, in Euronext-listed Club Méditerranée (Club Med), with Fosun picking up a 7.1%...
SBI in new round for Quark Pharmaceuticals
Japan's SBI Holdings Group, the investment conglomerate behind the SoftBank family of funds, has made a further commitment of $10 million to investee company Quark Pharmaceuticals, a Californian developer of RNAi-based drugs.
IL&FS increases ties to Orbit Corp. through $64 million investment
Indian redevelopment firm Orbit Corporation is reportedly set to link with IL&FS Investment Managers to launch a INR300 crore ($64 million) fund for one of its Nepean Sea Road projects, coming months after the private equity firm participated in an INR165...
Mizuho Capital to take over Medical Tribune
Japan's Mizuho Capital Partners, the MBO-focused buyout firm 50:50 owned by Mizuho Corporate Bank and its managing principals, will pay JPY5.3 billion ($58 million) to acquire Medical Tribune, a publisher of weekly medical newspapers, from listed Japanese...
Kleiner, Sequoia, Walden-backed Auto Navi goes to NASDAQ
Sequoia Capital, Kleiner Perkins and Walden International investee AutoNavi Holdings Ltd., a provider of digital map content and navigation services in China, filed with US regulators on Wednesday to raise up to $100 million in an initial public offering...
GIC’s logistics unit to rake in $700 million in anticipated IPO
The Government of Singapore Investment Corp (GIC), the city-state’s leading SWF, is set to launch an initial public offering for its logistics arm later this year, with the aim of raising at least S$1 billion ($707 million).
BanyanTree invests $14.9 million into Indian fastener manufacturing company
Mumbai-based BanyanTree Growth Capital has invested INR700 million ($14.9 million) for a minority stake in Deepak Fasteners, a manufacturer of industrial supplies such as nuts and bolts.
StanChart rules out KEB move
Standard Chartered has indicated that it will not be pursuing a bid for Korea Exchange Bank (KEB), further dampening expectations of a highly contested auction for Lone Star Funds' 51% stake in the asset.
IL&FS Milestone invests $122 million in Indian construction company
India’s IL&FS Milestone Fund is poised to take a 74% stake in the Hindustan Construction Co. following an INR5.75 billion ($122.3 million) investment.
Indian government may limit Temasek, GIC ICICI holdings
The Indian finance ministry and the Reserve Bank of India have lodged a query with the Securities & Exchange Board of India (SEBI) over a proposal that Temasek Holdings and the Government of Singapore Investment Corporation (GIC) should increase their...
PPF discusses expansion with Vietnam's PM
Guernsey-based private equity firm PPF Partners has met with Vietnamese Prime Minister Nguyen Tan Dung to discuss strategies on growing its business in the Southeast Asian market.
KEB auction cooling as ANZ commitment flags
The sale of Lone Star Funds' 51% stake in Korea Exchange Bank (KEB) appears to be losing momentum, as hitherto lead contender Australia and New Zealand Banking Group Ltd. has yet to submit a formal bid for the stake, which could fetch up to $4 billion.
New suitor for Primus investee EON
Malaysian lender Affin Holdings has sought regulatory permission to start discussions with shareholders of EON Capital, including 20.2% stakeholder Primus Pacific Partners, for a possible bid for the company.