Investments
Silver Lake debuts in PRC with Spreadtrum
In its first PRC deal, technology-focused Silicon Valley private equity firm Silver Lake has acquired a minority stake in Spreadtrum Communications Inc., the NASDAQ-listed fabless wireless semiconductor company in Shanghai.
3i debuts new growth fund
3i Group has launched its new growth capital fund at GBP1.1 billion ($1.6 billion) of assets under management, with $533 million provided by third-party investors - the first time 3i has funded a growth vehicle externally rather than exclusively from...
JAFCO invests Japan headhunter
JAFCO, one of the largest venture capital firms in Japan, invested JPY217 million ($2.4 million) in Biz Reach Inc., a Japanese recruitment site operator, through its JAFCO Super V3 Kyoyu Fund.
Sequoia and ABC support Guangzhou Broad Vision
Investment firms including Sequoia Capital and Swiss fund of funds ABC Capital, as well as domestic investors, participated in the second round of financing for mobile telecoms services play Guangzhou Broad Vision Telecom Sci & Tech Co.
Carlyle sells stake in Japan's Kito to Finland
The Carlyle Group is reportedly to sell a 22% stake in its Japanese portfolio company Kito Co., a crane maker, to Finland's leading crane manufacturer Konecranes, in a deal estimated over JPY3 billion ($32.6 million).
Goldman-backed bid for Malaysia's KNM unresolved
A $1.08 billion MBO for Malaysian oil and gas services company KNM Group by a consortium backed by Goldman Sachs's private equity arm has passed a due diligence deadline without a firm offer.
Lazard Carnegie Wylie starts Oz pub fund
Lazard Carnegie Wylie Private Equity has announced the formation of an A$100 million ($91 million) fund to buy Australian distressed pubs, hotels and similar hospitality assets.
IDG, SBI, others back China biotech
A VC investor group led by IDG-Accel, SBI & TH Venture Capital Enterprise, has made an investment totaling $16 million in OriGene Technologies, Inc., a Chinese gene-centric life sciences device company dedicated to support academic, pharmaceutical and...
Mekong Capital invests local Oz school
Mekong Enterprise Fund II, a $50 million fund operated by Ho Chi Minh City-based Mekong Capital, has invested $6 million into Vietnam, Australia International School (VAS).
Blackstone, Capital International make China agro play
In the latest large deal of a rapidly reviving investment environment, Capital International and the Blackstone Group have co-led a $600 million pre-IPO private placement of shares in Dili Group Holdings Co. Ltd., an operator of wholesale vegetable markets...
Asian Genco power win sets no precedent
The $425 million significant minority investment into Singapore-headquartered Indian power generation infrastructure group Asian Genco by a consortium of investors led by Morgan Stanley Infrastructure Partners has been hailed as a first for the sector....
IFC to make first solar investment
World Bank investment unit the International Finance Corporation has confirmed that it will inject $10 million into India’s Azure Power, a solar energy service provider, to expedite that company’s nascent power projects in states such as Punjab, Haryand...
GA, Oak Hill in $417 million Genpact stake sale
General Atlantic and Oak Hill Capital Partners are reportedly due to sell some of their remaining stakes in Indian NYSE-listed BPO major Genpact, in a transaction totalling some $417 million.
Kleiner, Sherpalo partly exit Info Edge
Kleiner Perkins Caulfield & Byers and Sherpalo Ventures have reportedly sold some 4.08%, almost their complete stake, in Info Edge, the company behind Indian job search website Naukri.com.
GA investee Zhongsheng IPOs at bottom end
General Atlantic China investee car dealer Zhongsheng Group has reportedly priced its Hong Kong IPO, formerly planned to raise $800 million-$1 billion, close to the bottom of its range, with a yield of around $369 million.
EQT invests Japan Home Centre
EQT Greater China II (EQT) a fund of EQT Partners, has acquired a 40% stake in leading discount houseware retail chain, Hong Kong-based Japan Home Centre (JHC), for an undisclosed amount.
Intrasoft exit for Intel Capital
Intel Capital investee Intrasoft Technologies, operator of the India-backed international greetings website 123greetings.com, is reportedly seeking to IPO, with a target valuation of around $45 million.
Sequoia exits Times Internet
Sequoia Capital India has reportedly exited Times Internet, a legacy asset from its previous incarnation as WestBridge Capital Partners, through a management share buyback.
Origo goes to Mongolia
Origo Partners, an AIM-listed China and India-focused private equity firm, has opened an office in Ulan Bator to support a dedicated fund, Origo Altai Partners, for investment in Mongolia.
J-WILL Partners sells Hotel Kinugawa Gyoen
Japanese independent investment firm J-WILL Partners is reportedly exiting its investee property Hotel Kinugawa Gyoen to a strategic player, Ooedo Onsen Monogatari, for an undisclosed sum.
Asian Genco power deal for GA, Goldman, Everstone, Morgan Stanley, Norwest
Singapore-headquartered Indian power generation infrastructure group Asian Genco has received $425 million from a consortium of investors led by Morgan Stanley Infrastructure Partners, including General Atlantic, Goldman Sachs, Everstone Capital, and...
WI Harper invests PRC LEDs with MaxIC
In its second recent investment in the burgeoning LED lighting space, WI Harper has invested an undisclosed amount in MaxIC Technology Corp., a Beijing-headquartered developer of integrated circuits for LEDs, LCD TVs, and other consumer electronics applications....
Blackstone, CapInt, Atlantis, WP put $600 million in China agro
The Blackstone Group, Capital International, hedge fund Atlantis Investment and Warburg Pincus have all reportedly participated in a $600 million pre-IPO investment into Dili Group Holdings, an agricultural markets operator in China, due to list shortly...
CVC AP exiting Minit: Advent in frame
CVC Asia Pacific is reportedly seeking to sell off its Japan-headquartered pan-Asian shoe repair and key-cutting investee Minit Asia Pacific, with Advent International and local firm Wise Partners apparently among the bidders, in an auction likely to...