Investments
Hopu leads Winsway coke deal
Hopu Investment Management has led a $110 million investment for around 20% of Winsway Coking Coal Holdings, a PRC coal logistics company.
Prax puts $15 million in agroscience
Prax Capital Management, a Greater China-focused private equity firm, has made a $15 million investment in Rotam Global AgroSciences Ltd., a leading crop protection company headquartered in Hong Kong.
Bain ups Himadri stake
Bain Capital has increased its stake in Indian chemicals play Himadri Chemicals & Industries Ltd., its first India investment, from 15% to 25%, paying $35 million.
RREEF loses Fogle in Asia
Mark Fogle, managing director and chief investment officer for real estate at RREEF Asia Pacific, the alternative investment group of Deutsche Bank AG's asset management division, is leaving the firm after three years of service.
Norwest, Matrix invest Quikr
Norwest Venture Partners and Matrix Partners India have led a $6 million third investment round into leading Indian online classified ads portal Quikr.com, in partnership with Omidyar Network and eBay Inc.
New Silk joins Coffee Day party
New Silk Route Partners has joined Kohlberg Kravis Roberts & Co. and Standard Chartered Private Equity Ltd. as an investor in VG Siddhartha holding company Coffee Day Group, adding $75 million to bring total private equity fundraising to $200 million....
Japan's INCJ backs Alps Electric
State-backed Innovation Network Corporation of Japan(INCJ) has decided to inject JPY3 billion ($3.2 million) into a new company spun off from Alps Electric Co, a Japanese electrical parts producer, in its first round of investment.
No support at Sapporo for Steel Partners proposal
US fund Steel Partners has had its new proposal to replace most of the board of Sapporo Holdings, where it holds an 18% stake, rejected by the company's shareholders.
ICICI, Carlyle, Sequoia invest India's Star Health
A consortium including ICICI Venture, the Carlyle Group, and Sequoia Capital India is completing the first private equity deal in India's health insurance space, with a $100 million investment in Star Health and Allied Insurance Co. Ltd.
ICICI Venture exiting Metro Healthcare
ICICI Venture is in the process of exiting its 2006-vintage investment medical diagnostics lab group Metropolis Healthcare, but has yet to fix on a preferred buyer for its 25% stake, according to reports.
VC-backed PRC hotel chain rises on NASDAQ debut
China Lodging Group Ltd, an economy hotel chain operator in China, has debuted on NASDAQ with a 27% rise on its first day's trading.
Bridging Asia's infrastructure bottleneck
Traditionally the Asian infrastructure mantra has been, ‘if you let them build it, they will come,’ the ‘they’ being international investors (largely OECD manufacturers) looking to establish industrial capacity across the region, primarily to capitalize...
Future Fund exit upsets Transurban bid
One of Australia’s biggest uncompleted deals, the Canada Pension Plan Investment Board (CPP IB) and Ontario Teachers' Pension Plan (OTPP)’s joint A$6.8 billion ($6.2 billion) planned investment in local toll road operator Transurban Group, was cast into...
Real estate: China boom or bubble?
The role of subprime real estate assets in the collapse of Lehman Brothers in the US and the snowball effect of the GFC may have implicated real estate and all its derivates as largely to blame; but in Asia, and especially China, property seems to have...
Dance till the music stops?
As this week’s news demonstrates, more large deals are coming to market in what looks like a great spring for private equity deals across the region.
LeapFrog targets India microinsurance
LeapFrog Investments, a firm focusing on microinsurance for the world's poor, has just closed a $110 million fund for investment in microinsurance businesses in Asia and Africa, with around a $30 million allocation to India.
Carlyle makes first Saudi investment
The Carlyle Group has made its first investment in Saudi Arabia with a 30% stake in the country's General Lighting Co., its largest lighting fixture manufacturer.
Pacific Road invests Oz Carbon Energy
Australian private equity firm Pacific Road Capital Management will reportedly pick up a 10% stake in locally-listed coal gasification business Carbon Energy from the national Commonwealth Scientific and Industrial Research Organisation (CSIRO).
Japan's ETIC helps Senoh restructure
The Enterprise Turnaround Initiative Corporation of Japan (ETIC), the Japanese state-backed turnaround body, has decided to support Senoh Corp, a local sports equipment maker, in the third deal for ETIC to help a failing local company after its support...
CHAMP Ventures invests Oz woman's fitness wear
CHAMP Ventures Pty. Ltd.,the venture capital affiliate of Australian private equity firm CHAMP Private Equity, has taken a significant minority stake, apparently not far under 50%, in Brisbane-based women's fitness wear retailer Lorna Jane.
CVC AP Matahari deal approved after regulatory delay
CVC Asia Pacific's planned $773 million investment into Indonesian retail chain Matahari has been approved at a shareholder meeting, after regulators initially asked for the vote to be delayed.
NZ Infratil, Super Fund buy Shell NZ assets
Infratil, a major New Zealand listed infrastructure investor, and New Zealand's NZ Superannuation Fund have announced the $490 million joint acquisition of the downstream assets in New Zealand of Dutch petroleum giant Shell.
Temasek in India energy deal
After much speculation, it appears that Singapore-based Temasek Holdings will invest Rs.1,600 crore ($354 million) in India's GMR Energy in the form of convertible preference shares. The capital is intended to fund further expansion of thermal and hydro...
Daiwa SMBC Principal plans to exit HMV
Daiwa Securities SMBC Principal Investments, the private equity unit of the Japanese brokerage house, is in negotiations to sell its portfolio company HMV Japan to Culture Convenience Club, operator of the Tsutaya DVD and CD rental chain.