Investments
Indian biomass project attracts IFC support
The World Bank’s investment arm, International Finance Corp. (IFC) has announced it will nearly double its investment in an Indian 18MW biomass alternative energy project being developed by Auro Mira Bio Systems Kanyakumari Pvt Ltd, part of the AME group....
Ashmore may exit India's Digicable
Ashmore Investment is reportedly in discussions to exit its 49% stake in Mumbai-headquartered Digicable Network, an India cable TV player.
Baring India ahead on Famy Care
Baring Private Equity Partners India is reportedly close to acquiring 15% of Mumbai-based contraceptive device and oral contraceptive maker Famy Care, for some $40 million.
Stokes Seven deal bets against media
Australian billionaire Kerry Stokes has merged publicly-listed media group Seven Network, which he co-owns with Kohlberg Kravis Roberts & Co., with his unlisted heavy machinery and mining business WesTrac, in an A$1 billion ($900 million) all-share deal....
Kirin sells two subsidiaries to Dutch fund H2
H2 Equity Partners, a Netherlands-headquartered private equity firm, will buy two subsidiaries of Kirin Holdings, the Japanese beverages giant.
Japan regional fund aids fishing industry
Challenge Kyushu SMEs Ganbare Fund, a JPY1 billion ($11 million) regional fund operated by Dogan Investments Inc., a Kyushu-based investment boutique, has made two investments in marine food and products companies in the southerly region, Japan's third...
Carlyle's Willcom files for Japan's Chapter 11
US buyout firm Carlyle Group's Japanese portfolio asset Willcom Inc., the PHS (personal handyphone system) service provider, filed for bankruptcy protection with the Tokyo District Court on February 8th, over debts of JPY173 billion ($1.9 billion) up...
Morgan Stanley may hand over ANA hotels
Morgan Stanley may have to give up its $2.4 billion portfolio asset of Japan's ANA Hotel chain to creditors, if as expected, the firm fails to repay debts due in April this year.
New bids for Daewoo Engineering
According to Korean reports, the Korea Development Bank and other potential acquirers, including local conglomerate STX Group and a so-called TR America Consortium, are jockeying for position in a fresh round of bids for moribund Korean construction asset...
SBI Holdings takes majority stake in Searchina
SBI Holdings Inc, the Japanese financial group involved in private equity and VC investment, has acquired a 75.7% stake in Searchina Co. Ltd., a Tokyo-based provider of Chinese financial markets-related information services, for an undisclosed sum.
Actis invests $50 million in Ayala's Integreon
Emerging markets investor Actis has invested $50 million for an undisclosed but reportedly 25-30% stake in Integreon, a business process outsourcing company majority-invested by Philippines conglomerate Ayala Corp.
Intel Capital, CIC agree cooperation
Leading US corporate VC Intel Capital has announced a joint innovation investment initiative with PRC SWF the China Investment Corporation (CIC).
Primus's EON Capital rejects HLB offer
Primus Pacific Malaysian investee EON Capital Bhd has rejected a MYR4.92 billion ($1.4 billion) takeover offer from Hong Leong Bank, run by Malaysian billionaire Quek Leng Chan.
Nadathur invests test prep for India with Career Point
The family office of Infosys co-founder NS Raghavan, Nadathur Holdings, has reportedly invested just under $10 million in Indian test prep company Career Point Infosystems Ltd.
Chunghwa Telecom backs ex-Google Lee's Innovation Works
Taiwanese telecoms major Chunghwa Telecom has announced commitments to Innovation Works, the incubator and early stage VC fund launched by ex-Google Greater China founding president Kai-Fu Lee.
Sequoia invests Stovekraft in India kitchen deal
Sequoia Capital India is leading a second round of investment into Stovekraft Pvt Ltd, a Bangalore-based kitchen appliances business, for up to $10.7 million for around a 25% stake.
Helion, Bessemer bet on NetAmbit
India-focused venture fund Helion Venture Partners has announced it will inject INR400 million ($8.6 million) into financial products distributor NetAmbit, a market leader in the space on the sub-continent.
Lone Star may exit KEB - at last
The long-running saga of Lone Star Funds' repeated efforts to exit its investment in Korea Exchange Bank may be drawing to a close, as John Grayken, Lone Star managing partner, announced that the firm expects to sell its 51% stake within the next six...
IPOs a mixed bag for HK, China
The recent poor performance of IPOs on the Hong Kong Stock Exchange is a stark contrast with the upward trend of 2009’s world IPO leader.
Industry Q&A: Benjamin Fanger
Benjamin Fanger, co-founder and MD of China-focused distressed investment fund Shoreline Capital Management, speaks to AVCJ’s Christina Kautzky
Dubai Asian asset exits may attract private equity
Dubai government-linked investment funds are shedding some of their Asian assets, with Emaar Properties reportedly hiring Singapore's DBS Bank to sell local sports retailer RSH Holdings, owner of the Royal Sporting House chain, valued at around $164 million....
Daniel joins Accel in India
Anand Daniel, previously a senior associate with Boston-headquartered early stage VC Flybridge Capital Partners, has joined Accel Partners as a principal in the firm's Bangalore office.
Quadrangle has Asian debut with Indian towers
Quadrangle Group, the $6 billion Wall Street media and communications private investment firm founded by former Lazard Frères star Steve Rattner, has made its first Asian deal through its Quadrangle Capital Partners private equity arm, leading a significant...
GS Retail goes to Lotte, not private equity
South Korean discount and department store group GS Retail is reportedly being acquired by Lotte Group for some $1.2 billion – not by Kohlberg Kravis Roberts & Co. or the other private equity group reportedly involved in bidding for the asset.