Portfolio management
Korea Exchange Bank union held secret meeting with ANZ over Lone Star exit
The employees' union of Lone Star investee Korea Exchange Bank (KEB) held a closed and secret meeting with executives of Australia and New Zealand Banking Group (ANZ) last month, smoothing the way for a bid by the Australian lender for Lone Star's controlling...
Morgan Stanley rolls over loans from lenders for 2007's ANA hotels deal
Morgan Stanley and its lenders have reached an agreement to roll over loans arranged for the US investment bank's 2007 acquisition of 13 hotels from ANA Group, originally operated by Japan’s second largest airline company All Nippon Airways.
RBA may pick up Candover investee Securency in fire sale amid bribe investigation
The Reserve Bank of Australia (RBA) is likely to take full ownership of banknote manufacturing company Securency International Ltd, as a bribe investigation continues at RBA's JV partner in the company, invested by Candover Partners.
Imprisoned founder of Bain-backed GOME fails to eject CEO
Jailed founder of GOME Electrical Appliances Holdings Ltd., Huang Guangyu, failed to receive investor support to both oust GOME's current chairman, Chen Xiao, and bring his sister and lawyer on as directors, thwarting his attempt to regain status in the...
Khazanah, Temasek swap land after 45 years
The Malaysian government is ready to return a train station it owns in downtown Singapore in return for six land parcels in the city-state, to be controlled by M-S Pte. Ltd., a JV 60:40 owned by Malaysian state investment fund Khazanah Nasional Bhd and...
PE backed SouFun hits top of range for NYSE IPO
SouFun Holdings Ltd, China's No. 2 online real estate website, has sold 2.9 million American Depositary Shares for $42.50 each, raising $124.7 million in its NYSE IPO, hitting the top end of the company’s expected price range of $40.50-42.50.
Bain converts GOME bonds to get 10% stake
US buyout firm Bain Capital has converted its RMB1.59 billion ($236 million) of bond shares in troubled Hong Kong-listed investee GOME Electrical Appliances Holdings, the second largest electric retail chain in the PRC, into a 9.98% equity stake, gaining...
Taiwan's No.1 insurer Cathay Financial taps into private equity investment
Cathay Financial Holding Co., Taiwan’s largest listed financial services company, received formal approval by its board for its life insurance unit to invest up to $150 million in overseas private equity, as well as executing a purchase plan in local...
SAIF-backed China Huiyuan said breaching loan terms
China Huiyuan Juice Group Ltd., the high-profile portfolio company of SAIF Partners has reportedly breached its loan covenants, leading to a suspension in trading of shares in the pure juice maker by Chinese regulators from September 10th-13th.
Israel's Infinity establishes IP bank in China
Infinity Group, the Israel-based private equity firm with a special focus on China, announced the formation of an IP (intellectual property) bank in China, to help to develop clients’ IP businesses.
Danone completes selloff from SAIF investee China Huiyuan Juice
Danone, the European food and beverages giant, has completed the sale of its 10.83% stake in China Huiyuan Juice Group Ltd., the Chinese juice maker which is about 23% owned by SAIF Parters.
Hopu investee Winsway gets $120 million pre-IPO funding
Winsway, a Beijing-headquartered coking coal logistics company invested by Hopu Investment Management, has raised $120 million in pre-IPO investments, ahead of its roughly $800 million stock offering, according to a term sheet.
Fed allows CIC to be second-largest foreign investor in Morgan Stanley
China Investment Corporation (CIC) has reportedly received the green light from the US Federal Reserve to take up to a 10% voting stake in Morgan Stanley, which would make the SWF the second-largest investor in the financial giant after Bank of Tokyo...
CIC may let China Asset Management handle some overseas investments
China Investment Corporation (CIC), China’s $300 billion sovereign wealth fund may appoint China Asset Management Co., the country’s largest fund manager, to oversee part of its offshore investments while the SWF is increasing its international exposure.
NZ government boosts VC fund commitment
The New Zealand government has pledged an additional NZ$40 million ($28.3 million) to the New Zealand Venture Investment Fund, strengthening its commitment to the vehicle in which it has already invested NZ$160 million ($113.13 million).
Carlyle investee Yashili hires safety experts to boost consumer confidence
China-based baby formula maker Yashili Group Co. - 17.3%-owned by US buyout firm Carlyle Group - has hired safety experts in an effort to build consumer confidence in its products, a lingering obstacle off the back of the 2008 melamine scandal.
Bain-backed Gome Electric sues its founder and former chairman
Bain-backed Gome Electric Appliance Holdings, a leading Chinese electrical appliance chain operator, has taken its founder, Huang Guangyu, to Hong Kong’s High Court for allegedly breaching his fiduciary duties as the company's Director.
CIC targets US realty assets, Indonesian resources
China Investment Corporation (CIC), China's $300 billion sovereign-wealth fund, is reportedly in advanced talks to acquire half a dozen US-focused real estate fund holdings from Harvard University's endowment, in a deal estimated at about $500 million.
Murray's GEMS does new Sino-Forest deal
Entities under General Enterprise Management Services Ltd. (GEMS), the private equity platform of veteran investor Simon Murray, have completed the latest transaction related to noted GEMS investee Sino-Forest Corp., with a new investment and subsidiary...
Archer Capital's Ausfuel plans consolidation merger
Ausfuel Group, a fuel and lubricants distributor in Australia, 75% owned by local buyout firm Archer Capital since May this year, is in talks with Gull Petroleum, a Perth-based petroleum retailer, to consolidate the two companies in a deal valued at some...
CIC investee Goodman Group eyes ING Oz REIT fund
Goodman Group, the world's third largest logistics facilities operator in Australia, and 18.2% owned by SWF the China Investment Corporation, has emerged as the most likely buyer of management rights for the A$1.2 billion ($1.07 billion) ASX-listed ING...
Partners Group gets $100 million KIC real estate mandate
Korea Investment Corporation, the SWF that manages some $27 billion of assets for the Korean government and the Bank of Korea, has mandated around $100 million to Swiss-based private equity firm Partners Group to seek investment opportunities in the private...
CIC sells $138 million Morgan Stanley shares, seeks hires
China Investment Corporation (CIC), China's leading SWF, sold $138.5 million worth of Morgan Stanley shares last week, according to a filing with the US SEC, as it seeks to recruit up to 64 new personnel.
Temasek expects to issue $1.07 billion of sterling bonds
Temasek Holdings, the Singaporean SWF, expects to sell its first sterling-denominated bonds for $1.07 billion equivalent of debt, in a mixture of 12-year and 30-year paper.