Investments

Know your limits

One of the most interesting findings in Squadron Capital’s Asia Pacific Private Equity Fund Terms Survey on regional adherence to the International Limited Partners Association principles on fund t&c was not about the ILPA Principles at all.

Carlyle may part exit Claris

The Carlyle Group is likely to exit at least part of its almost 14% stake in Indian drugs firm and IPO candidate Claris Lifesciences, according to reports.

Shanghai Ventures invests Advantech

Shanghai Ventures has announced a $14 million co-investment with the Pan family of Chinese entrepreneurs in Advantech Global Ltd., a US thin-film transistor manufacturer founded by Dr Peter Brody, the inventor of active-matrix LCD technology.

OB refinancing, IPO on cards

Several banks have submitted unsolicited proposals for the refinancing of the $1 billion five-year leverage loan that underwrote Kohlberg Kravis Roberts and Affinity Equity Partners' $1.8 billion buyout of Korea's Oriental Brewery in 2009, amid talk of...

MBK exiting CNS

MBK Partners has hired Morgan Stanley to advise on an exit for its Taiwanese cable investee China Network Systems, which could fetch up to $2 billion.

PEP, CHAMP in Loscam second round?

CHAMP Private Equity and Pacific Equity Partners have been instanced as potential buyers in a second bidding round for the putative A$500-700 million ($460-640 million) sale of Affinity Equity Partners Australian investee Loscam.

Bain's Gome could face fines in Huang trial

Huang Guangyu, the founder and former chairman of Bain Capital investee Gome Electrical Appliances Holdings, has gone on trial in Beijing, charged with illegal business operations, insider trading and bribery.

Hopu picks up Yurun stake

In more Hopu Investment Management news, the firm has led a consortium that purchased a 4.3% stake in China Yurun Food Group Ltd. for around $235 million.

Hopu, CDB in Indonesia rail move

In its latest diversification move, Hopu Investment Management has partnered with an investment unit of China Development Bank to help fund a $1.3 billion rail project with Indonesian state coal miner PT Tambang Batubara Bukit Asam.

NZ Yellow Pages LBO debt in standstill deal

Bank lenders who provided the leverage for CCMP Capital Partners Asia (now Unitas Capital) and Teachers' Private Capital's 2007 LBO of New Zealand's Yellow Pages Group have agreed to a standstill on debt repayments until end May.

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.

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.