Investments
Taizinai liquidiation challenged
In the latest, not unexpected, complication in the attempts by private equity investors and debt-holders to recover money from struggling PRC milk drinks producer Hunan Taizinai Group, the company's chairman, Li Tuchun, is said to be resisting efforts...
ATO delay ominous for Oz PE
The Australian Taxation Office has delayed two rulings on profits from private equity transactions until end May, indicative of a harder stance on the issue, according to some observers.
AIF announces Famy India contraceptive deal
AIF Capital has announced that AIF Capital Asia III LP and its affiliates have invested $40 million into Famy Care Ltd., a Mumbai-based pharmaceuticals manufacturer.
TPG joins Bain on Lilliput
TPG Capital's growth capital arm is joining Bain Capital in its investment in Delhi-based children's clothing business Lilliput Kidswear.
JAFCO, Pac-Link invest Synerchip
JAFCO Asia and Pac-Link Capital have co-led a $10.5 million Series C investment round into Taiwan, Korea and Silicon Valley high-speed digital interface semiconductor company Synerchip Co. Ltd.
ANZ targeting KEB?
Lone Star Funds' protracted exit from controversial investee Korea Exchange Bank (KEB) has taken a fresh twist with reports that Australia and New Zealand Banking Group (ANZ) is planning a $4 billion bid for its controlling stake in the asset.
Helion, Nexus join DFJ on PubMatic
Indian VC firms Helion Ventures and Nexus India Capital Advisors have joined Draper Fisher Jurvetson in a $7.5 million Series C round for their existing investee PubMatic, an online ad revenue optimization business based in California.
Trikona exiting Fortis
Trikona Trinity Capital, a listed private equity firm floated on London's AIM board, is reportedly exiting its pre-IPO investment in India's Fortis Healthcare in stages.
Walden announces duet of deals
Veteran Asia Pacific VC investor has announced two new deals, one in China, with a Series B financing of Best Logistics Technologies, and one in India, with an expansion round for Quattro BPO Solutions.
Dissecting the Asian infrastructure opportunity
If Asian infrastructure is one of the major upcoming global investment themes, China is its kingpin.
Taizinai puts China risk on show
The deteriorating situation around Hunan Taizinai Group, a PRC dairy company now in provisional liquidation with RMB3 billion ($440 million) in debt, is turning into quite a lesson on the risks of emerging markets investing, particularly in China.
Healthcare: The next China VC horizon?
Although it doesn't always register prominently on the radar, healthcare and related biotech actually accounts for 30% or more of all venture capital investment in the US.
GMR seeks further funds after Temasek
After recently agreeing a $200 million investment deal with Singapore SWF Temasek Holdings for its GMR Energy arm, India's GMR Group has indicated that it still seeks a further $100 million of private equity investment.
Primus: No plans to exit EON
Primus Pacific Partners has stated publicly that it has no plans to exit Malaysian investee EON Capital Bhd, despite an earlier rejected $1.4 billion takeover bid by Hong Leong Bank.
Navis's Bangkok Ranch ducks out with UK deal
Navis Capital has injected $50 million into Thai investee Bangkok Ranch Co. Ltd., according to AVCJ sources, as part of the latter's c.$100 million 100% acquisition of UK duck business Cherry Valley Farms, Ltd.
DCM, SAIF, invest 58.com
Doll Capital Management (DCM) and SAIF Partners have jointly led a $15 million second round of investment into 58.com, a Chinese classified ads website.
Carlyle, CVC, Unison bidding for Q'sai?
The Carlyle Group, CVC Asia Pacific and Unison Capital Inc. have emerged as among the probable bidders for Japanese vegetable juice maker Q'sai Co., in what might become the largest buyout deal so far this year.
Ramnath gets Multiples first close at $250 million
Multiples Alternate Asset Management, the private equity vehicle launched by former ICICI Venture MD and CEO Renuka Ramnath, has had a first closing at $250 million, against a $450 million target.
TPG launches China Grand Auto IPO
TPG Capital has engaged CICC and Goldman Sachs for a listing of its PRC investee China Grand Automotive Services Co Ltd., which could be worth up to $1 billion.
Goldman $1.08 billion KNM deal falls through
Goldman Sachs's already-announced $1.08 billion investment in Malaysian oil and gas business KNM Group Bhd. has collapsed, apparently due to pricing disagreements.
Daiwa SMBC sells Q'sai for over $1 billion
Daiwa SMBC Capital, the private equity arm of Daiwa Securities Group and Sumitomo Mitsui Financial Group, is reportedly selling investee Japanese juice maker Q'sai Co., in what could become the largest exit so far this year in Japan.
Actis, Goldman, Morgan Stanley's Taizinai collapses with $440 million debts
Actis Capital, Goldman Sachs, and Morgan Stanley investee Hunan Taizinai Group, a PRC dairy company, has gone into provisional liquidation with RMB3 billion ($440 million) in debt.
Carlyle Taiwan Mobile deal needs new solution
Taiwan's Taiwan's media and broadcasting regulator, the National Communications Commission, has ruled that the Carlyle Group and Taiwan Mobile must find an acceptable solution to the regulatory problems stalling a planned $1 billion investment.
Colony checks partway out of Raffles to QIC
Colony Capital is reducing its stakeholding in iconic Singapore-centered hotel investment Fairmont Raffles Holdings International, in an $847 million deal with the Qatar Investment Authority, with Singapore's historic Raffles Hotel going to QIC for $275...