Investments
S3 Redwood announces Chiang for MD
OTC-quoted S3 Investment Company, a US investment banking and financial advisory firm seeking to tap the PRC market, has announced the appointment of Richard Chiang as MD of its Redwood Asia Fund, a growth capital private equity fund targeting opportunities...
BMB Group acquires Contrarian for real estate
Asian investment and advisory firm the BMB Group,has acquired Paris-based Contrarian Capital Partners SA and its advisory subsidiary, Beacon Hospitality Partners S.A.R.L in Luxembourg, both of them specializing in real estate advisory services for Middle...
Tough year for CIC in 2010
China Investment Corp. has publicly said that it sustained 10% mark-to-market losses in May because of the declines in the US and European markets this year, adding that it sees the rest of the year as very challenging.
Temasek discusses Indian roads fund
Singapore SWF Temasek Holdings is in talks with Indian authorities to create a fund of up to $2 billion to finance opportunities in the Subcontinent's roads and transport sector, according to Kamal Nath, the country's Minister for Road Transport and Highways.
AIF cancels Oriental University City investment
AIF Capital Management Asia, the Hong Kong-based private equity firm, said that it will scrap a plan to buy a 10% stake valued at RMB350 million ($51 million) in China-based Oriental University City (OUC), owned by Singapore-listed Raffles Education.
Navis bids for Sing shipping container services group
Navis Capital Partners has launched an S$77.4 million ($55 million) bid for Singapore-listed container-services company Eng Kong Holdings, with the intention of taking the company private.
Riverside finds ideal Japan succession play in electronics
Leading SME-focused private equity firm The Riverside Company has acquired 100% of Naka & Co., Ltd., a Japanese manufacturer and distributor of crystal oscillators, a component of almost all electronic equipment.
Tenet backs out of Healthscope, citing disclosure
US hospitals group Tenet Healthcare Corp. has announced its withdrawal from bidding for Australian hospitals and pathology business Healthscope Ltd., leaving the two rival private equity consortia - Kohlberg Kravis Roberts & Co. and CVC Capital Partners...
Vishal Retail may turn to TPG, Indian investors for capital
Indian superstore chain owner Vishal Retail is considering linking with local and pan-regional investors, including private equity fund TPG Capital, within two to three months, to slash debt and raise capital following a fiscally-strained period.
Fund structure for infrastructure
Infrastructure is now broadly recognized as a global market, yet there are marked differences based on region and substantial variations in risk.
Carlyle invests $140 million in Asia growth
The Carlyle Group has announced the closing of four growth capital investments spread across Asia Pacific, collectively valued at $140 million, and made from the Carlyle Asia Growth Capital Partners IV (CAGPIV) fund, which had its $1.04 billion final...
Primus China Strategic Nan Shan bid triggers resignation
Raymond Or Ching-fai, CEO of China Strategic Holdings - the Hong Kong entity partnered with Primus Financial Holdings in the $2.15 billion joint bid for Nan Shan Life Insurance, the Taiwan unit of troubled US insurance giant AIG - has resigned from the...
Tenet could be out for Healthscope
US hospitals group Tenet Healthcare Corp. may withdraw from bidding for Australian hospitals and pathology business Healthscope Ltd., leaving competition for the A$1.84 billion ($1.56 billion) deal to the two rival private equity consortia of Kohlberg...
MBK in running for KEB? - reports
Independent pan-Asian buyout firm MBK Partners may be seeking a secondary buyout opportunity from Lone Star Funds for its 51% stake in Korea Exchange Bank (KEB), valued at up to $4 billion, according to unconfirmed media reports.
Argonaut, Ascent join IDFC for $100 million GMR investment
Argonaut Private Equity and Ascent Capital have joined IDFC in the latest investment round for GMR Energy, the energy division of Indian conglomerate GMR Group, to invest a total of INR465 crore ($100 million).
Navis offers $55 million for Singapore warehouse firm Eng Kong
Private equity firm Navis Capital Partners has launched a S$77.4 million ($55 million) bid for SGX-listed container services and warehousing company Eng Kong Holdings.
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.