Investments
Jordan's IMM IPO shrinks as HKSE market wanes
International Mining Machinery (IMM), a Chinese mining equipment producer jointly formed by New York-headquartered private equity firm The Jordan Company, and Beijing based co-investors Emory Williams and John Lee, has set its Hong Kong IPO at 520 million...
Taiwan National Development Fund seeks private funds for chips
The National Development Fund in Taiwan has reportedly decided not to invest in PC chip company Taiwan Innovation Memory Co. (TIMC), but will instead invite funding from the private sector, according to Economics Minister Shih Yen-Shiang.
Istithmar exits SpiceJet at loss
Dubai investment group Istithmar has sold all of its 13.4% stake in Indian budget carrier SpiceJet, reportedly at a loss of $7.2 million on the final sale price of $37 million.
LMS cites Asia interest
London-listed growth capital and low-to-mid-cap buyout investor LMS Capital has expressed interest in deals in China and India.
Chhabria jumps from 3i to Actis
Mahesh Chhabria, a Partner with UK-based and listed 3i Group Plc since 2006, has left the group to join Actis, one of India’s longest-operating private equity houses.
Thai Government Pension Fund will boost PE, realty
Thailand’s Government Pension Fund (GPF) will boost its overseas investments, including private equity fund investments and direct investments in real estate and infrastructure, Sopawadee Lertmanaschai, secretary-general of GPF announced earlier in...
Red Fort makes second investment in India's 3C
Red Fort Capital, an India-focused private equity firm, has invested an undisclosed sum in a residential project being developed in Noida, in the northern state of Uttar Pradesh, by real estate firm 3C Company.
Abu Dhabi SWF plans 15% stake in Gatwick
The Abu Dhabi Investment Authority (ADIA), Abu Dhabi's sovereign wealth fund, is reportedly planning to invest £125 million ($198.4 million) for a 15% stake in London's second-biggest airport, Gatwick Airport.
Shinsei/Aozora merger progresses slowly
Shinsei Bank, 32.5% owned by J.C. Flowers & Co., and Aozora Bank, 55% owned by Cerberus Capital Management LP, are having headaches over delays to their merger plan, originally aimed to complete in October this year.
JPMorgan closes $858.6 million Asia infra fund
JPMorgan Asset Management has announced the close of its JPMorgan Asian Infrastructure & Related Resources Opportunity Fund at $858.6 million.
Citigroup sells Indian MCX commodities stake to Ashmore
Citigroup is reportedly fetching $40 million by selling its 5% stake in the Mumbai-based Multi Commodity Exchange of India Ltd (MCX), India's largest and most diverse commodities exchange, to Ashmore Group, the London-headquartered private equity firm.
CHAMP's Manassen Foods ready for IPO
Australian buyout firm CHAMP Private Equity is preparing to appoint advisors for a tentative initial public offering of Manassen Foods, a supplier of food brands including Jelly Belly Jelly Beans, Carr's Water Crackers and the Margaret River Dairy Company.
Goldman Sachs eyes Taikang Life
The private equity arm of Goldman Sachs has emerged as one of the potential bidders to take either some or all of the 15.6% stake in China's Taikang Life Insurance Company owned by French insurer Axa Group.
Bain, KKR, TPG may get CICC from MS
Bain Capital, Kohlberg Kravis Roberts & Co. and TPG Capital are reportedly on the shortlist for the final round of bidding for Morgan Stanley’s $1 billion+ stake in PRC investment bank China International Capital Corp. (CICC).
Korea’s NPS goes to Gatwick
The National Pension Service, South Korea’s $236 billion SWF, has reportedly announced plans to buy 12% of the UK’s Gatwick Airport from current owner Global Infrastructure Partners, in a secondary transaction estimated at some $155 million.
Morgan Stanley Real Estate set to sell China asset
Morgan Stanley Real Estate Asia (MSREA) is said to be in final talks to sell a Shanghai apartment complex to Alpha Investment Partners, a unit of Singapore-based developer Keppel Land, in a deal estimated at around $130 million.
Private equity leaders eye GS Retail in Korea
US buyout leader Kohlberg Kravis Roberts & Co., South Korea-originated MBK Partners and Hong Kong's Affinity Equity Partners have all emerged as potential bidders for GS Retail,a retail business affiliate of South Korean conglomerate GS Group.
CVC AP makes Indonesia retail play
Buys Matahari Department Store for $773m
Affinity Loscam IPO gathers speed
Valuation up, trade sale possible
PE seeks pay-per-view Indonesia
Indonesia’s number one pay television platform, MNC Sky Vision, may sell a 40% stake to a foreign investor, in a transaction that would value the whole group at up to $800 million.
JAL still undecided
Japan Airlines has apparently not rejected any option out of the proposed business alliances offered by Delta Airlines and an American Airlines/TPG Capital consortium.
Actis may exit troubled Nilgiri stake
Emerging markets specialist Actis may reportedly be about to exit its troubled 65% stake in India’s Nilgiri Dairy Farm group after reaching litigation with the company’s founding Mudaliar family, who still hold a 35% stake in the business.
IDG India invests iCreate
IDG Ventures India has made a $3.23 million Series A round VC investment in iCreate Software, a Bangalore business intelligence software company.
TPG buys into Indian green energy with Greenko
TPG Capital has made its first investment in the country’s clean energy sector, with a c. $35 million buy-in into prominent Indian biomass power generator Greenko, as part of a placement of 51.4 million new shares and a $116 million capital raising...