PIPEs
Carlyle plans to sell part of HDFC stake - sources
Carlyle Group is said to be planning to sell 20 million shares in mortgage lender Housing Development Finance Corp. (HDFC). The exit could generate significant returns from the private equity firm's five-year investment in the mortgage company.
SBI, Edelweiss create $100m India PIPE fund
SBI Holdings and Edelweiss Financial Services have agreed to set up a fund focused on investments in listed small and mid-cap companies in India. The vehicle, known as EW SBIH Crossover Fund and based in Mauritius, will have initial capital of $100 million,...
Comtec Solar to repurchase bonds from TPG for $77m
Chinese solar wafer manufacturer Comtec Solar will pay TPG Capital RMB491 million ($77 million) to repurchase convertible bonds and reduce its debt ratio.
Nalanda Capital boosts stake in Indian pipe manufacturer
Nalanda Capital, the Singapore-based private equity firm set up by Pulak Prasad, former managing director at Warburg Pincus India, has increased its holding in Ratnamani Metals & Tubes. The company manufactures piping for use in a wide range of industries.
Baring backs China’s Ambow Education
Baring Private Equity Asia is no newcomer to the education sector. The private equity firm’s portfolio currently includes four assets in the private tutoring space and it added a fifth last week following the purchase of a stake in Ambow Education Holding...
Beacon India buys 1% of Bay Capital-backed Sterling
Growth capital firm Beacon India Private Equity has acquired close to 1% of listed hospitality firm Sterling Holiday Resorts, which is backed by Bay Capital Investments.
Baring buys stake in NYSE-listed Ambow Education
Baring Private Equity Asia has acquired a stake in Chinese education services provider Ambow Education Holding in conjunction with the company's management.
PEP to stick with $730m offer for Spotless
Pacific Equity Partners (PEP) said its $730 million bid is a compelling offer for Spotless Group, in a move which appears to rebuff the cleaning services company’s demand for a higher price.
KKR in takeover bid for Australia’s PacBrands
KKR has launched an unsolicited takeover bid for listed Australian clothing and related consumer brands wholesaler Pacific Brands (PacBrands).
Indian regulator unveils plans to help promoters reduce holdings
The Securities and Exchange Board of India (SEBI) has released proposals designed to make it easier for entrepreneurs or promoters to lower their stakes in companies in order to meet minimum public shareholding limits. Share buybacks via tender offers...
Warburg Pincus ups stake in China Biologic Products
Warburg Pincus Private Equity has upped its stake in human plasma collection company China Biologic Products (CBPO), in its tenth purchase of shares in the company this year.
KKR ups stake in Far East Horizon
KKR has upped its stake in Far East Horizon, a division of Chinese trading conglomerate Sinochem Group.
SAIF Partners invests $80m in Guodian IPO
SAIF Partners has become a cornerstone investor in the IPO of Beijing-based Guodian Technology and Environment Group by contributing $80 million to the deal.
Warburg Pincus to buy $210m Haitong shares
Warburg Pincus Private Equity has agreed to buy $210 million worth of Haitong shares, thus becoming a cornerstone investor in the Chinese brokerage’s Hong Kong IPO.
SAIF invests $30m in China Polymetallic Mining IPO
SAIF Partners has agreed to buy $30 million worth of shares in China Polymetallic Mining, moving the firm toward its goal to raise up to $163 million through an IPO.
In defense of PIPEs
India fund managers see investments in public equities as part of a flexible strategy that is essential to success in the country
KKR offer spurned by Transpacific
Private equity giant KKR has been rejected in its eleventh-hour attempt to subscribe to Australian waste manager Transpacific Industries Group's capital-raising initiative.
Temasek confirms increase in CCB holding
Temasek Holdings announced Monday that it has increased its holding in China Construction Bank (CCB) to 9.42% from 8.10%. The transaction, disclosed in a filing with the Hong Kong Stock Exchange, took place on November 11, around the time that Bank of...
Apax-backed iGate plans to take Patni private
Apax Partners-owned iGate plans to buyout Patni Computer Systems’ minority shareholders and delist the company from the Bombay Stock Exchange, National Stock Exchange of India and the New York Stock Exchange. The purchase will be funded through a debt...
Carlyle and New York Life in talks for $100m Everonn PIPE
The Carlyle Group and New York Life Capital Partners are in talks to buy a stake in India's largest technology-enabled education firm, Everonn Education, for $100 million.
GIC ups stake in Chinese department store Intime
The Government of Singapore Investment Corporation (GIC) has raised its stake in Hong Kong-listed Intime Department Store from 2.44% to 9.08%, buying 134.2 million new and existing shares.
Carlyle, Advent to launch joint bid for Tech Mahindra stake
The Carlyle Group and Advent International are expected to launch a joint bid for British Telecom’s 23.2% stake in Tech Mahindra, India’s fifth-largest IT services firm. The deal could be worth $500 million.
CIC’s Central Huijin boosts China bank stakes
Central Huijin Investment, the unit of China Investment Corp. (CIC) responsible for holdings in the country’s major state-owned banks, has been buying shares in these lenders to boost valuations. It took similar action in September 2008 as credit markets...
Carlyle purchases 9% stake in India Infoline
The Carlyle Group has acquired a 9% stake in the listed unit of India Infoline Group (IIFL), a retail and institutional brokerage, on the open market.