Investments
TPG sees OK for SDB exit to Ping An
TPG Capital has had the way cleared for its exit from its pioneering PRC financial services investment Shenzhen Development Bank (SDB), as the China Securities Regulatory Commission (CSRC) gave Ping An Insurance Group approval to issue shares in exchange...
CVCI part exits JBF to parent
CVC International has reportedly sold roughly two thirds of its remaining stake in JBF Global Singapore, a polyester chip maker, to its Indian parent, JBF Industries, for some $60 million.
Dragon Capital sells Vietnam mining JV to TPG investee
Tiberon Minerals, owned by Vietnam-based investment firm Dragon Capital, will sell a control stake in the Nui Phao Mining Joint Venture Company, a tungsten mining project in development, to Masan Group, backed by TPG Capital.
Shenzhen turns pig parts into gold?
Goldman Sachs seniors still trembling from their grilling before the US Senate and the news of a criminal probe by federal prosecutors could take comfort in at least one win for the reeling banking giant last week – the stellar IPO of Shenzhen Hepalink...
Nomura Principal sells Misawa to industry peer
Nomura Principal Finance Co., Ltd., a wholly-owned subsidiary of Nomura Holdings, Inc., has said it will sell its entire stake in Misawa Home Co., a Tokyo-based housebuilding company, to Toyota Home Co., a housing unit of Toyota Motor Co.
AIF Capital will take minority stake in Chinese university
AIF Capital will acquire a 10% stake in Oriental University City, an educational campus platform owned by Singapore-listed Raffles Education.
Riverside takes stake in Australia's Boost
The Riverside Company is reportedly acquiring Boost Investment Group (Boost), the holding company that operates Boost Juice Bars and Salsa’s Fresh Mex Grill in Australia.
Accel, Kitven back Mitra Biotech
Accel Partners and local Indian VC Karnataka Information Technology Venture Capital Fund (Kitven) have jointly invested an undisclosed amount in Mitra Biotech, which is developing a personalized cancer diagnostic platform.
Goldman due 200x return in China pharma IPO
With the Shenzhen IPO of little-known Chinese pharmaceutical company Shenzhen Hepalink Pharmaceutical, Goldman Sachs will see an almost certain 200-fold profit on its original $5 million investment.
Kotak contemplates multiple exits
Kotak Investment Advisors is considering exits for up to five of its portfolio companies, including Bharat Fritz Werner, BVG India, Home Solutions Retail, Metahelix Life Sciences, and SIRO Clinpharm, according to Indian reports.
Oman fund invests $42 million in PetroVietnam Insurance
The Oman Investment Fund has invested $42.3 million in PetroVietnam Insurance Co.
JAFCO invests Singapore's DS3 Systems
JAFCO Asia has partnered with Singapore government-backed Infocomm Investments in a Series A investment round for Singapore's Data Security Systems Solutions (DS3).
Ceyuan, Fidelity, GSR, Sequoia back NetQin
Ceyuan Ventures, Fidelity Asia, GSR Ventures and Sequoia Capital China have all participated in a $20 million third funding round for NetQin Mobile Inc., a Beijing-headquartered mobile comms security service provider.
Actis said launching $2 billion roads JV with Tata
UK emerging markets investor Actis Capital is launching a JV with Indian conglomerate Tata Group to invest up to $2 billion over five years in India's roads.
KDB Consus takes Kumho Life for $435 million
A fund backed by the Korea Development Bank, KDB Consus, has taken a 65.5% stake in Kumho Life Insurance, a division of Korea's struggling Kumho Asiana Group, for $435 million.
Sequoia hits gold with Manappuram
Sequoia Capital has exited its 11% stake in Manappuram General Finance and Leasing, a non-bank financial company specializing in loans based on gold.
IDG invests Yiji Network
IDG Ventures has invested an undisclosed amount in Guangzhou Yiji Network Technology, a Chinese systems integration and network business, in order to support its Easy Business e-commerce platform, according to PRC media reports.
CLSA Fudo plans new Tokyo hires
CLSA Capital Partners' Japan-based real estate platform, Fudo Capital, plans to hire more staff in Tokyo this year as it invests its $816 million Fudo Capital II fund.
Industry Q&A: Norman Chen, Partner, Fidelity Asia Ventures
Chen talks to AVCJ’s Paul Mackintosh about opportunities for healthcare investments in China
Hopu, Temasek investee Iron Mining gets $250 million from China Life
Hopu Investment Management and Temasek Holdings investee Iron Mining International has secured a $250 million pre-IPO commitment from leading PRC insurer China Life.
Advent exits SCADAgroup to Schneider
Australian mid-market private equity firm Advent Private Capital has announced the exit of its investment in waste and water systems integration business SCADAgroup to Schneider Electric, for around A$200 million ($185 million).
Japan PE picks up Kyushu hotel
Japan Private Equity, a buyout unit of Japan Asia Investment Co. (JAIC), has acquired Central Hotel Sasebo in Japan's Nagasaki prefecture, through a regional fund focused on the western island of Kyushu.
Advantage exits Daiei to DB, others
Advantage Partners has sold its entire remaining 11.7% voting stake in Japanese retailer Daiei for around $106 million to Deutsche Securities, an arm of Deutsche Bank, which is holding the stake temporarily for client trading purposes.
NPS may join on KEB
Korea's National Pension Service may participate in the acquisition of Korea Exchange Bank from Lone Star Funds, according to Korean reports.