Investments
CIC at the Apax?
PRC SWF picks up secondary, management firm positions
Nippon Mirai will back Nissan dealers
Japanese private equity firm Nippon Mirai Capital Co. will reportedly support major domestic automobile manufacturer Nissan Motor Co. in the restructuring of its dealership affiliates, Nissan Prince Osaka Co., and Osaka Nissan Co., under a new joint venture...
Mizuho exits Japan Pure Chemical
Mizuho Capital Partners Co., the private equity affiliate of Japanese lender Mizuho Group, has sold its remaining 5.4 % stake in investee Japan Pure Chemical Co, reportedly to an unnamed US pension asset management firm.
MBK acquires Young Hwa, targets Kumho Rent A Car
MBK Partners has reportedly completed the 100% acquisition Korean steel structures manufacturer Young Hwa Engineering Co., paying around $85 million, with roughly 50% of the purchase price to be funded by leverage from Hana Bank.
Honiton seeks new investor
PRC wind power developer Honiton Energy Group has reportedly engaged Morgan Stanley to find a potential buyer for a minority stake, in a deal which could value the whole business up to $250 million.
Carlyle gets offers for Willcom
The Carlyle Group’s 60%-owned investee Willcom Inc, a PHS (Personal Handy Phone) carrier in Japan, has received proposals from a number of potential buyers, including Softbank, Japan’s third largest mobile carrier, as well as other investment funds.
Baring investee Yingde Gases lists in Hong Kong
Baring Private Equity Asia investee Yingde Gases Group Co. Ltd., one of China’s largest independent industrial gas suppliers, has listed on the Hong Kong Stock Exchange.
PEP lifts Energy Developments bid
Leading Australian buyout player Pacific Equity Partners has reportedly increased its bid for Queensland-headquartered Energy Developments Ltd, which has been seeking a buyer since July 2008, to some A$431 million ($395 million), seeking to acquire the...
Actis, CDC may sell Swaraj stake to Tata
UK emerging markets investor Actis may reportedly be about to exit its 7.74% investment in India’s Swaraj Mazda.
TheFaceShop - beautiful returns for investors
Major success for Affinity
Coffee Day for StanChart, Temasek, KKR?
Standard Chartered Private Equity Ltd. and Singapore’s Temasek Holdings are reportedly considering a $100-150 million investment into Bangalore-headquartered Coffee Day Holdings, a major Indian coffee growing and retailing concern.
GMR may raise $450m from 3i, Macquarie SBI
Bangalore-headquartered Indian infrastructure major GMR Group is reportedly seeking up to $450 million from 3i Group and the Macquarie SBI Infrastructure Fund for a minority stake in its GMR Airport Holdings subsidiary.
Carlyle ensures major exit with China Pacific
HK IPO set to deliver key China win
Hopu dodges loss on Minsheng IPO
Hopu Investment Management, cited as a potential cornerstone investor in the Hong Kong IPO of China Minsheng Banking Corp. until days before the latter’s listing, appears to have dodged a bullet.
Istithmar selloff possible as Dubai struggles
Istithmar, the alternative investment arm of government holding company Dubai World, now burdened with some $60 billion of debt, may soon sell off key property and other assets to support its struggling parent.
Sina taps CITIC, FountainVest, Sequoia for $180 million
Sequoia Capital, FountainVest Partners and CITIC Capital Holdings have reportedly agreed to finance leading PRC web portal Sina in a $180 million management buy-in to reinforce the positions of CEO Charles Chao and other senior executives.
7 Days soars on NYSE debut
7 Days Group Holdings Ltd, the Actis and Warburg Pincus-backed discount Chinese hotel chain, listed on the NYSE at close to the top end of its target range, or $11 per share.