Investments
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.
Future Fund nixes Transurban role
Australia's SWF the Future Fund has terminated discussions to join the Canada Pension Plan Investment Board (CPP IB) and Ontario Teachers' Pension Plan (OTPP) in their $4.5 billion planned investment in local toll road operator Transurban Group.
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
$600 million Dili pre-IPO deal brings in Atlantis, Warburg Pincus
Asian Genco power win sets no precedent
Test case for India infrastructure a landmark and an anomaly
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...
Chuo Mitsui plans $1.6 billion real estate business
Japan's Chuo Mitsui Trust & Banking Co. reportedly is planning to launch a real estate fund platform, targeting office and residential assets in Tokyo.
RHJ completes U-Shin exit
RHJ International, the Belgium-based holding company operated by US buyout firm Ripplewood Holdings, has reportedly completed its exit from Japanese electrical auto parts player U-Shin.
Sequoia invests 91Huayi.com
Sequoia Capital China has reportedly invested RMB30 million ($4.4 million) in 91Huayi.com, a Chinese medical information and education website.
Asian buyers are back
TPG, CVC AP exits show regional corporate appetite