Investments
General Atlantic investee Zhongsheng resets IPO
General Atlantic China investee car dealer Zhongsheng Group has reportedly begun bookbuilding for its Hong Kong IPO, initially targeting to raise $800 million-$1 billion, after postponements that came close to cancellation, according to earlier reports.
Mayfield, SIDBI invest Indian infra with Fourcee
Mayfield India Fund and SIDBI Venture Capital have committed $11 million to Fourcee Infrastructure Equipment, a Mumbai-based provider of liquid cargo logistics equipment and solutions.
Temasek, New Silk, New Vernon, Kotak steer 9X sale to Zee in partial INX exit
Temasek Holdings, New Silk Route, New Vernon Private Equity Fund and Kotak Private Equity may see a partial exit from their loss-making Indian media investee INX Media, with the sale of its 9X entertainment channel to the Subcontinent's largest media...
Sumitomo Mitsui launches turnaround fund
Sumitomo Mitsui Banking Corp. will launch a JPY 30 billion ($332 million) corporate turnaround fund to help the bank’s SMEs clients to turn around struggling businesses.
Intel to buy Fidelity's India MCX stake
Intel Capital is reportedly going to acquire 2% of the stake in India's Multi Commodity Exchange (MCX) held by Fidelity International.
Denham sells Trinity Coal to India's Essar
US private equity firm Denham Capital has agreed the sale of its US mining asset Trinity Coal to Indian industrial conglomerate Essar Group for $600 million.
Shinsei and Aozora may resume merger talks
Private equity investees Shinsei Bank and Aozora Bank’s merger plan, previously reported cancelled, now apparently will come up for negotiation again, according to Japanese media reports.
Intel, Sequoia invest July Systems
Intel Capital has led a Series C funding round of $7 million, alongside previous investors Sequoia Capital and Footprint Ventures, in mobile media company July Systems, founded by Indian technopreneur Rajesh Reddy.
KIC to invest $100 million in IFC fund
Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund, will inject $100 million into a private equity fund managed by IFC Asset Management Company, a wholly-owned subsidiary of the International Finance Corporation (IFC), the private...
Fresh Coffee Day funding reports continue
Indian media are continuing to report that VG Siddhartha-backed holding group Coffee Day Holdings is about to receive funding of around $75 million, purportedly from Standard Chartered Private Equity Ltd. (SCPEL), with Kohlberg Kravis Roberts & Co. and...
Yorkville invests $10 million in Chinese pharma company
Yorkville Advisors, a US financial firm specializing in providing debt and equity financing to listed companies globally, has injected $10 million into Lotus Pharmaceutical, Inc., a US OTC Bulletin Board-listed company engaged in the production, trading...
Mystery buyer for Morgan Stanley CICC stake
China International Capital Corp. (CICC) chairman Li Jiange said publicly that his bank's longterm investor Morgan Stanley had finally fixed a buyer for its 34.3% CICC stake - but he declined to say who.
Buyouts still viable in Asia Pacific: ANZ Forum
GPs, LP and other market players at the AVCJ Private Equity & Venture Forum \ ANZ 2010 confirmed that they feel buyouts are still viable deals in Asia Pacific, as long as targets are exceptionally strong.
A&J Venture backs PRC green investee for OTCBB listing
A&J Venture Capital Group, Inc., an Over-The-Counter Bulletin Board (OTCBB)-listed German investor headquartered in Heidelberg and focusing on Chinese SMEs, has announced its agreement with China Honeycomb Ceramic to support the latter's preparation for...
Advantage, SoftBank plan $112.6 million investment in Willcom
Advantage Partners, the Tokyo-based private equity firm, and Japanese mobile phone carrier SoftBank will reportedly provide JPY5 billion ($56.3 million) each to Willcom, the struggling PHS (personal handy phone) business, which filed for bankruptcy with...
Asst Treasurer Sherry cites “fair and equitable” tax in Oz Forum
Australia’s Assistant Treasurer, Senator the Hon. Nick Sherry, repeatedly referred to Australia's desire to promote a "fair and equitable tax system," as he opened the AVCJ Private Equity & Venture Forum \ ANZ 2010 in Sydney.
TPG exit dents Lenovo shares
TPG Capital's latest partial exit from landmark investee PRC computer maker Lenovo Group drove the company's shares lower in Hong Kong, after a sale of just under $70 million of stock.
Aureos invests Shanghai Fucheng
Emerging markets investor Aureos Capital has reportedly invested some $3.4 million into Shanghai Fucheng Environmental Protection Engineering from its Aureos China Fund.
Temasek, Li Ka-shing, back SecondMarket Inc.
Singapore SWF Temasek Holdings and the Li Ka-shing Foundation, backed by Hong Kong business leader Li Ka-shing, have jointly invested $15 million in a Series B round for SecondMarket Inc., an operator of an online marketplace and trading service for illiquid...
Northern Light, Sequoia, DFJ, DT get Prudent in Beijing
Northern Light Venture Capital has led a Series C round into Beijing-based energy storage and renewable power developer Prudent Energy, in partnership with Sequoia Sequoia Capital China, and alongside existing VC investors Draper Fisher Jurvetson and...
PEP seeks 2H10 Hoyts IPO
Pacific Equity Partners reportedly may be seeking to list Australian cinema business Hoyts Group in the second half of 2010, with a potential value of up to A$1 billion ($900 million).
Unison Capital to acquire MK for real estate
Control stake in restructuring/asset business
Leopard makes financial services investment
In a co-investment with two other foreign investors, Leopard Cambodia has taken a shared 7.72% stake in ASA, a 19% shareholder of ACLEDA, one of the leading retail banks in Cambodia.
Temasek's Thai assets fall after Thaksin ruling
Listed assets in Thailand owned by Singapore SWF Temasek Holdings fell after a Thai court ruling that ex-prime minister Thaksin Shinawatra had abused his office to benefit entities of Shin Corp., the telecoms group linked to his family that was controversially...