Investments
Raghavan sets up Steer Capital
Former Goldman exec and more recently head of India for Candover, Harsha Raghavan has announced the establishment of Steer Partners, rumored to be a partnership with WNS (Holdings) Ltd co-founder Neerj Bhargava.
KKR may go to the Max
Kohlberg Kravis Roberts & Co. reportedly may commit up to $117 million into Max India Group, the investment holding company of healthcare and insurance entrepreneur Analjit Singh.
China Pacific raises $3.1 billion as Hopu anchors Carlyle exit
The Hong Kong IPO of China Pacific Insurance raised $3.1 billion in the world’s seventh largest listing of 2009, securing roughly a 5x profit for the Carlyle Group on its total investment of around $800 million between 2005 and 2007.
StanChart, L Capital on the watch with Sincere
Luxury watch retailer picked up in Singapore
GOME ex-CEO charged
Huang Guangyu, the founder and former CEO of Bain Capital investee GOME Electrical Appliances Holding Ltd., one of China’s largest electronics retailers, has finally officially been charged with bribery and insider trading.
Secured Capital gets Pacific Century Place
Tokyo-based real estate investor/asset manager Secured Capital Japan Co. has reportedly agreed to buy the Pacific Century Place building, in central Tokyo, by year end 2009.
Temasek may invest GMR
Singaporean SWF Temasek Holdings may invest up to $150 million into the power unit of Bangalore-based conglomerate GMR Infrastructure, which has reportedly also been in talks with the Carlyle Group and IDFC Private Equity.
Intel re-ups Asia
Advancements catch corporate VC capital
Unitas may sell Buy The Way to Interpark
Unitas Capital may reportedly be about to exit its Korean convenience store investment Buy The Way to Interpark, a local operator of online shopping malls.
GIC takes a Springer with EQT
Singapore SWF the Government of Singapore Investment Corp. has done its first-ever co-investment deal in Europe, in partnership with Sweden’s EQT Partners AB, in the €2.3 billion ($3.4 billion) secondary buyout of German academic publisher Springer...
Cordiant to manage new Infrastructure Crisis Debt Pool
Montreal-based emerging markets specialist Cordiant Capital Inc, has been selected from a competitive pool of financial institutions worldwide to manage the new Infrastructure Crisis Facility Debt Pool created at the World Bank Group AGM in October.
Carlyle, Temasek see flat Kaisa IPO
The Carlyle Group and Temasek Holdings saw their investee Shenzhen property developer Kaisa Group Holdings begin trading on the Hong Kong Stock Exchange main board, in an IPO postponed since early 2008.
Lend Lease Corp plans Oz distressed real estate fund
Australian construction and property management solutions company Lend Lease Corp has unveiled plans for a new A$400 million ($366 million) private equity fund targeting a range of commercial properties, from office buildings to shopping centers, currently...
Baring, Fidelity, Sequoia back Coastal Projects
Baring Private Equity Asia is reportedly due to join existing investors Sequoia Capital and Fidelity Investment Holdings by committing some $50-60 million to Hyderabad-headquartered infrastructure play Coastal Projects, which operates across sectors including...
AXA Taikang sale hits delays
The proposed c.$1 billion auction of AXA’s 15.6% stake in PRC insurance major Taikang Life, which has already apparently attracted the interest of the Blackstone Group, Kohlberg Kravis Roberts & Co., and Temasek Holdings, has reportedly been postponed.
China Nuokang sees low US IPO
Sequoia Capital China investee China Nuokang Bio-Pharmaceutical Inc. fell over 11.1% before closing some 3.7% down on its first day of trading on the US NASDAQ.
Asian SWFs get real
Real estate commitments on the up
Bain, GA, KKR cited in CICC stake bidding
Kohlberg Kravis Roberts & Co. has been named as a potential bidder for the 34.3% stake in leading PRC investment bank China International Capital Corp. (CICC) held by Morgan Stanley.
China Pacific IPO priced at $3.6 billion
The IPO of China Pacific Insurance, the country’s third largest life insurer and 17.3% owned by the Carlyle Group, is set to raise as much as HK$28 billion ($3.6 billion) in Hong Kong.
Hopu engages ex-ambassador Randt
Leading $2.5 billion PRC opportunistic private equity fund Hopu Investment Management has engaged Clark T. “Sandy” Randt Jr., the former US Ambassador to China under President George W. Bush, as its new special advisor.
MBK can drive your car – maybe
Affinity, SK Group reportedly also bid
CHAMP Ventures invests TSMarine
In the latest in a series of Southeast Asian oil and gas offshore servicing deals, CHAMP Ventures, the specialist mid-market arm of Australia’s CHAMP group, has acquired the Asia Pacific businesses of financially distressed Scottish parent TSMarine...
TPG, AA up JAL offer
American Airlines CFO Tom Horton said publicly in Tokyo that his company and TPG Capital would increase their joint investment offer for struggling Japan Airlines, indicating up to $1.1 billion could be committed, much of it drawn from TPG.