Investments
Temasek and BOC may bring ATMs to rural China
Singapore sovereign wealth fund Temasek Holdings is understood to be working with Bank of China to spend as much as RMB20 billion ($4.1 billion) in building a banking franchise in rural parts of China.
Coffee Day likely to deliver cuppa jo for KKR
Following earlier reports of potential investment by Kohlberg Kravis Roberts & Co. in Indian company Coffee Day Resorts, which owns the popular coffee chain Café Coffee Day, a consortium led by New York-based now looks likely to invest up to INR10 billion...
CHAMP to offload Healthcare Australia
Australian buyout firm CHAMP Private Equity is reportedly exploring ways to sell its Healthcare Australia business, a transaction that could come in at A$320 million ($292.5 million).
IFC promotes health in China
The International Finance Corporation (IFC) has agreed to invest $25 million in Singapore-based Healthway Medical Corporation Ltd for development of medical care facilities “in under-served areas of China,” the group said.
Japanese government will not support Willcom
The Enterprise Turnaround Initiative Corporation of Japan (ETIC) has decided not to inject any capital into Willcom, the troubled Japanese PHS (personal handy-phone service) provider controlled by Carlyle Asia, which filed for bankruptcy protection last...
CVC AP exits Paperbox to Japan's Oji Paper
CVC Asia Pacific has agreed to sell its $212 million Malaysian pulp and paper investment, Paperbox Holdings Ltd, to one of the world's largest paper producers, Oji Paper Co Ltd., for an undisclosed amount.
Agri Business goes Global Green with $10 million
The India Agri Business Fund, operated by Rabo Equity Advisors, has invested $10 million into The Global Green Company, the foods division of $4 billion Gautam Thapar-backed Indian business conglomerate Avantha Group.
Nine Rivers invests India's AgriSystem
Nine Rivers Capital has reportedly invested some $7 million in Indian agricultural processing and distribution business Global AgriSystem.
Blackstone targets India power stake with Monnet
The Blackstone Group is reportedly targeting 12% of an Indian power project in Orissa state backed by metals and power conglomerate Monnet Ispat, in a deal that could be worth up to $58 million.
Sequoia seeks CARE stake
Sequoia Capital India is reportedly seeking a 9.4% stake in local ratings agency Credit Analysis and Research (CARE), with a probable investment amount of around $16 million.
Aditya Birla approaches final close
New Indian GP Aditya Birla Capital Advisors is reportedly about to announce the final close of its Fund I at around Rs800 crore ($176 million).
TPG exits Parkway for $685 million
TPG Capital has sold its 23.9% stake in Singapore hospital operation Parkway Holdings to Indian healthcare group Fortis Healthcare for $685.3 million.
AMEC lures repeat VC investors
Advanced Micro-Fabrication Equipment, Inc. (AMEC), a Chinese semiconductor equipment company, has attracted some $46 million from existing venture capital investors, including Shanghai Venture Capital Co. Ltd., Walden International, Lightspeed Venture...
Baring plans to relist Courts in Singapore
Baring Private Equity Asia investment vehicle Singapore Asia Retail, a home furniture and appliances operator wholly-owned by its Fund III and Kuwaiti JV partner Topaz Investment Worldwide Inc, is reportedly looking to raise up to S$170 million ($121.5...
WI Harper to take stake in Taiwan's Testar
Veteran VC firm WI Harper Group has agreed an investment into Taiwan’s Testar Electronics Corporation, which specializes in testing and optimizing Light Emitting Diode (LED) chips, and which will spin out from its parent company Chroma Ate Inc. under...
Lone Star KEB stake sale resumes
Lone Star Funds' sometimes controversial investee Korea Exchange Bank has stated that the investor's long-delayed trade sale exit from its 51% stake is about to resume.
Symphony partially exits Strides Arcolab
Symphony Capital has sold shares in its long-term Indian medical investment Strides Arcolab, equivalent to just under $5 million.
Fidelity Asia invests PRC medical device distributor
Fidelity Asia Ventures, the Asian venture and growth capital arm of Fidelity International Ltd and its US affiliate Fidelity Biosciences, has jointly invested $10 million in TCT Medical, which claims to be the largest medical device distributor and service...
Vietnam: Diamond in the rough
Why Vietnam hasn’t lost its luster as a diversification play
Dojane Capital in Joyrun Heavy Industry deal
Shanghai-based investment firm Dojane Capital, will invest RMB100 million ($14.6 million) alongside four unidentified investment institutions in Jiangsu Province-based Joyrun Heavy Industry, a large manufacturer of high-end precision casting parts.
Taiwan regulator confirms Nan Shan sale terms
Taiwan's Financial Supervisory Commission has confirmed its five conditions for allowing the prospective buyers of Nan Shan Life Insurance, including Primus Financial Holdings, to acquire the local insurance major from American International Group.
Steel Partners seeks new board directors for Sapporo
Steel Partners Japan Strategic Fund, the US investment fund which holds about 18% of leading Japanese brewer Sapporo Holdings, has sent letters to other shareholders, seeking their support for Steel’s plan to appoint new board directors ahead of Sapporo's...
Carlyle's Willcom on notice for further government support
Willcom, the Japanese PHS - personal handy-phone service - provider controlled by Carlyle Asia, will be assessed by the Enterprise Turnaround Initiative Corporation of Japan (ETIC) to see if the government organization will support the mobile company’s...
TPG may back Shriram Properties
US buyout firm TPG Capital may be backing Bangalore-based real estate developer Shriram Properties in their acquisition of property assets, according to local media reports.