Investments
Insight invests Six Waves for Facebook
New York-headquartered VC Insight Venture Partners has sought to tap Facebook’s popularity by investing $17.5 million in Six Waves Inc. (otherwise known as ‘6 waves, a Hong Kong-based company that has developed a sheaf of products and games based on the...
Northern Light invests $30 million in Chinese outdoor advertising
Chinese early stage-focused VC firm Northern Light Venture Capital (NLVC) has invested $30 million in City Media, a local outdoor advertising company with special strengths in elevator spaces.
Apollo Asia invests $1 million in Sakthi Sugars Ltd
Apollo Asia Opportunity will buy $1 million of shares, or less than 1%, of Sakthi Sugars Ltd., a South India-based sugar maker engaged in the manufacturing of sugar and industrial alcohol, as well as power generation and soybean products.
India's SMS GupShup shop gets $12 million VC investment
Globespan Captial Partners, a US IT-focused firm, Charles River Ventures, a US early stage venture firm and Helion Venture Partners, an India-focused venture firm, jointly injected $12 million into SMS GupShup, India's largest social network operator....
T. Rowe Price takes UTI Asset stake
Baltimore-headquartered $366.2 billion mutual fund giant T. Rowe Price Group has picked up 26% of UTI Asset Management, India’s fourth largest asset manager, and UTI Trustee Company for $142.4 million, making it the company’s single largest shareholder....
AXA, Mandra Capital invest online apparel in Japan
AXA Private Equity, the $26 billion private equity arm of AXA Group, and Mandra Capital, a Hong Kong-headquartered investment firm, jointly invested $13 million in Glamour Sales, a members-only French online apparel retail store in Japan.
Darby Overseas invests $33.5 million in PECH
Darby Overseas Investments, the private equity and mezzanine arm of Franklin Templeton Investments, has provided a $ $33.5 million senior secured convertible loan to PECH Holdings, a PRC alternator maker.
Tiger Airways flies in strong IPO
Singapore-based budget carrier Tiger Airways had a successful IPO on the Singapore Stock Exchange, raising around S$247.7 million ($178 million) by listing some 30% of its shares, to fund its expansion plans, and to reimburse investors Indigo Partners,...
PEP powers up control
At first glance, Australian private equity major Pacific Equity Partners’ (PEP) determined takeover bid for Australian renewable energy company Energy Developments (ENE) – even though it has recently expanded its shareholding to more than 50% after buying...
Japan's venture market depressed
The Japan Venture Capital Association has reported that venture capital investment made in 2009 fell by about 40% to ￥37.8 billion ($417 million) over 472 deals from one year ago, an even more marked sharp drop compared with 2007, when VCs invested about...
Archer denies Rebel Sport IPO delay
Australian private equity firm Archer Capital denied reports of delays in its planned exit of its majority-owned investee Rebel Sport Ltd., the largest sports goods shop chain in Australia, through a listing on the Australian Stock Exchange by the end...
Carlyle to get Buy The Way?
The Carlyle Group has emerged as one of the potential bidders in the final round of the auction of Buy The Way, a South Korean convenience store chain owned by Asia-focused private equity fund Unitas Capital.
TA Associates invests Micromax
Boston-headquartered mid-market leader TA Associates has announced a $45 million investment into Indian mobile handset business Micromax Informatics Ltd.
Navis paints a pretty face with Alliance Cosmetics
Navis Capital will put its mark on yet another Southeast Asian consumer company as it takes a 70% controlling stake in Alliance Cosmetics Group.
Venture Q&A: Peter Wagner
Rebecca Fannin recently chatted with Accel Partners’ Peter Wagner, who heads up the investment firm’s strategy in India.
Stimulus and response
AVCJ presents some more highlights of leading economists and market observers’ predictions for the year ahead.
Tiger Airways launches more than IPO
Tiger Airways’ IPO on the Singapore Stock Exchange has signaled optimism about the strength of the public markets, and has also sparked moves by its competitors as the airline seeks to raise up to $200 million to fund expansion and the purchase of 50...
KDB digs into Kumho
South Korea’s state-owned Korean Development Bank (KDB), will take a 50 % plus 1 share stake in Daewoo Engineering and Construction Co., for KRW2.9 trillion ($2.5 billion) through its private equity fund, under the workout program for the distressed...
No foreign money needed, says JAL
Neither the consortium of TPG Capital and American Airlines, nor rival Delta Airlines, seem to be immediately likely to pick up stakes in Airlines (JAL), the largest airline company in Asia, following the latest development initiated by the Enterprise...
Leverage India Fund got 2.1x from JBF
Leverage India Fund (LIF), a $153.5 million private equity fund managed by IL&FS Investment Managers Limited, has fully exited its holdings in JBF Industries Ltd, which claims to be India’s leading manufacture of polyester-based yarns and related materials....
GIC could lose $720 million
An announcement that New York-based property developer Tishman Speyer Properties and a unit of BlackRock will not be making a full scheduled debt payment on Manhattan Eastside properties Stuyvesant Town and Peter Cooper Village could cost the Government...
3i plans new growth fund
London-headquartered investor 3i Group is reportedly planning a £1 billion ($1.6 billion) growth capital fund, seeking chiefly minority positions, though with the option to take control stakes.
Private equity now in Oz rugby scrum
The resolution of the hotly-contested licensing of the new fifth Australian Super 15 rugby club known as the Australian Rugby Union (ARU), owned by the Melbourne Rebels consortium, has kicked off speculation that private equity will be a new player to...
PEP, Unitas staying in Independent Liquor
Pacific Equity Partners (PEP) and Unitas Capital-controlled Independent Liquor, New Zealand’s manufacturer/distributor of alcohol beverages, moved to deny reports that it was likely to be acquired by Australia’s largest supermarket chain operator, Woolworths....