Investments
Khazanah, Fortis – and GIC? – square off for Parkway
Malaysian SWF Khazanah Nasional and India’s Fortis Healthcare, with the rumored backing of SWF Government of Singapore Investment Corporation (GIC), appear locked in a fast-developing takeover tussle over Parkway Holdings, the Singapore hospitals business...
Longreach bids for Sanyo Electric Logistics
The Longreach Group will launch a tender offer for Sanyo Electric Logistics, a provider of logistic solutions which currently sits under parent company Sanyo Electrics, itself 50.27% controlled by larger industry peer Panasonic Corp since December 2009...
J-Will pips Advantage, TPG for Anabuki
Japanese private equity player J-Will Partners, acting in consortium with major local apartment developer Daikyo Inc., has entered the winning bid for bankrupt developer Anabuki Construction, winning out over some 30 bidders including Advantage Partners...
Argonaut now in top BSE shareholders
Argonaut Ventures, an Oklahoma-headquartered private equity group, is now one of the top 20 shareholders in the Bombay Stock Exchange, which is still awaiting regulatory approval for a listing from India's SEBI, following its demutualization three years...
MENA SWFs eyes Agricultural Bank of China IPO
The Kuwait Investment Authority has emerged as one of the SWFs interested to invest in the IPO of the Agricultural Bank of China (ABC) in Shanghai and Hong Kong this year, with plans to invest some $1 billion in what would be the year's largest listing,...
Private equity joins Ssangyong bid
Seoul Investment, a Korean private equity firm, has joined the bidding for local carmaker Ssangyong Motor Co., alongside Indian strategic bidders Mahindra & Mahindra Ltd., and Ruia Group, Renault SA, and Korean industry peers SM Group and Young An Hat...
KKR, others cited for Healthscope
Kohlberg Kravis Roberts & Co. and an unnamed strategic bidder have been cited as the latest contenders for Australia's Healthscope Ltd., entering bids of around A$1.84 billion ($1.56 billion), marginally above the A$1.8 billion ($1.5 billion) already...
Advantage does China TV drama deal with Qin Jia Yuan
Advantage Partners has announced an investment of up to HK$121 million ($15.5 million) into Qin Jia Yuan Media Services Co.Ltd., a Hong Kong-listed company focused primarily on delivering TV dramas for the PRC market.
NEA, GTI invest India's Nova Medical
New Enterprise Associates and NYC-headquartered private equity firm GTI Group have invested $16 million in Series A funding for Nova Medical Centres, an Indian specialist surgical services provider based in Bangalore.
IFC backs NCMSL for Indian agro supply chain
International Finance Corporation (IFC), the World Bank unit responsible for private investment, plans to invest $7.5 million in equity, plus an additional $13 million in debt, into integrated supply chain and risk management services provider National...
Carlyle, Taiwan Mobile talk to extend stalled deal
The Carlyle Group and Taiwan Mobile are in discussion to extend the deadline on the planned $1 billion stake swap between Carlyle-owned Kbro Ltd. and Taiwan Mobile, which hit regulatory problems in April.
GIC RE plans IPO for Japan assets
GIC Real Estate, the real estate arm of state-owned Government of Singapore Investment Corporation (GIC), is reportedly aiming to list a large portion of its property assets, potentially raising between $500 million and $1 billion, at an unconfirmed venue,...
Temasek arm does China food venture for Sing
Singbridge International Singapore Pte Ltd, a wholly-owned unit of Singapore SWF Temasek Holdings, has signed an agreement with the Municipal Government of Jilin province in northeast China to build a JV "food security" food zone.
Khazanah seeks Parkway takeover
Malaysian SWF Khazanah Nasional is seeking to raise its stake in Parkway Holdings, the Singapore hospitals business recently exited by TPG Capital to India's Fortis Healthcare, from its present 23.5% to 51.5%, for some S$1.18 billion ($835 million).
KKR may invest India's Emcure
Kohlberg Kravis Roberts & Co. may be on the point of committing around $50 million into India's Emcure Pharmaceuticals, which until recently was also in discussions with the Blackstone Group, according to Indian sources.
Sequoia makes partial PathLabs exit
Sequoia Capital India is making a partial exit from its investment in Dr Lal PathLabs, a leading local diagnostics and pathology chain, selling around half of its 30% stake in the business, with a probable deal value of some $25.4 million.
Kleiner, Qiming invest China's Arrail Dental
Kleiner Perkins Caulfield & Byers China and Qiming Ventures have invested $20 million in Arrail Dental, a leading high-end PRC dental services provider, for an undisclosed stake.
S3 Investment launches Redwood Fund for China
OTC-quoted S3 Investment Company, a US investment banking and financial advisory firm seeking to tap the PRC market, has announced the launch of its Redwood Asia Fund, a growth capital private equity fund targeting opportunities in China and Mongolia....
Longreach targets Sanyo Logistics via tender offer
The Longreach Group, the Hong Kong-headquartered regional private equity firm, will launch a tender offer for Sanyo Electric Logistics, the JASDAQ-listed provider of logistics solutions, for a probable total transaction value of JPY17.9 billion ($200...
Li Ka-shing fund, Infocomm, Skype founders invest Singapore's GuardTime
Hong Kong tycoon Li Ka-Shing's early stage Horizon Ventures fund, and Ambient Sound Investments, established by the four founding engineers of Skype Technologies, have joined in an $8 million Series A round for Singapore-based GuardTime Ltd., a data security...
Valco plans $1bn Indonesia port deal
Valco Capital Partners, the private equity arm of UK strategic advisory and turnaround group Hilco UK Ltd., is preparing to spend up to $1 billion on a 9.36% stake in PT Freeport Indonesia, the country's largest gold and copper mining company, according...
Qiming invests China insulin with Gan & Lee
Qiming Venture Partners has committed just over $14.5 million to Gan & Lee Pharmaceutical Co. Ltd., a PRC manufacturer of insulin that claims to have Asia's largest recombinant insulin manufacturing site.
TSMC invests China VC fund
Taiwan Semiconductor Manufacturing Co (TSMC), one of Taiwan's largest listed chipmakers, said it has received a regulatory green light to invest $5 million in a new Chinese VC fund that targets chip design start-ups in the PRC semiconductor industry....
Daiwa SMBC Capital JV to end
Daiwa Securities Group Inc. has decided to terminate its JV venture firm Daiwa SMBC Capital Co., Ltd., which was launched in May 2005 on the merger of NIF Ventures Co., Ltd. and SMBC Capital Co., Ltd., both affiliates of Daiwa Group.