Funds
Baird's Shanghai-based Zhang promoted to principal
Baird Capital, the private investment arm of Robert W. Baird, has promoted Shanghai-based Yongshan Zhang to principal. Zhang, who was previously vice president, joined Baird in 2008 and works with the company's China growth equity fund.
CLSA exits Japan’s Everlife for $285m
CLSA Japan has sold its 100% stake in Japanese direct marketing company Everlife to Korea's LG Household and Health Care for JPY25.8 billion ($285 million).
Blackstone invests in India business park – report
The Blackstone Group has reportedly joined two other companies in purchasing a business park in South India for INR19.6 billion ($367 million).
Paine-backed Costa to buy Adelaide Mushrooms
The Costa Group, an Australian fresh produce company backed by global private equity firm Paine & Partners, is to acquire Adelaide Mushrooms. Financial terms of the transaction were not disclosed.
Unilazer Ventures invests in Valyoo Technologies
Unilazer Ventures has joined IDG Ventures in investing INR530 million ($10 million) in Delhi-based Valyoo Technologies, which owns e-commerce sites LensKart, BagsKart, WatchKart and JewelKart.
VIDEO: Stephen Pagliuca of Bain Capital
Global buyout firms are destined to become more diversified investors because the skills that underpin their success in corporate private equity are equally applicable to other asset classes, says Stephen Pagliuca, US-based managing director at Bain Capital
CITIC Capital Japan-backed Tri-Wall acquires DS Smith unit
Tri-Wall, a Hong Kong-headquartered heavy-duty cardboard manufacturer backed by CITIC Capital Partners, has acquired the UK Tri-Wall unit of British packaging firm D.S. Smith.
China Resources Capital raises $153m for debut RMB fund
China Resources Capital (CRC) has raised RMB956 million ($153 million) for its debut local currency fund. The vehicle has also announced its first deal – a co-investment with mainland property developer China Vanke in a Shanghai residential project.
Vietnam’s VinaCapital appoints new real estate head
VinaCapital has appointed David Blackhall as managing director with responsibility for the Vietnam-focused GP’s real estate portfolio. He takes over from David Henry, who is leaving the company to pursue opportunities in Australia.
Lightspeed nets $168m for China fund
Lightspeed Venture Partners' China fund has been more than seven years in the making, having been under consideration ever since the GP included an international allocation – Asia and Israel, in addition to the US – in its seventh global vehicle....
Hahn & Co. in $130m bankruptcy buyout
Sourcing deals through South Korea's bankruptcy courts is notoriously complicated, but even by these standards Korea Line presented a challenge. The sale process was officially launched late afternoon on December 21, the Friday before what most people...
AGCA teams up with HarbourVest, Axiom to buy Credit Suisse PE assets
Asia Growth Capital Advisors (AGCA), which spun out from Credit Suisse’s private equity division in 2010, has acquired a portfolio of PE investments from its former parent, supported by HarbourVest Partners and Axiom Asia. Prior to the transaction,...
Tech crunch: Bridging the Series A gap
On both sides of the Pacific, the venture capital industry is suffering from a dearth in Series A funding. How widespread is the problem and who is most affected?
RRJ Capital acquires kidswear brand Kingkow
RRJ Capital has acquired a 75% stake in Hong Kong-based children's wear retailer Kingkow.
Australia’s Telstra loses VC unit founder
Deena Shiff, managing director of Telstra’s captive VC unit, has resigned her post to focus on a non-executive career and directorships. She remains as an advisor to the firm and as a board director for investee companies.
Anil Ahuja departs 3i
Anil Ahuja, managing partner and head of Asia for 3i, has quit the private equity firm. According to a statement, Ahuja is leaving to pursue other opportunities, although he will still operate as a part-time consultant to 3i.
RRJ Capital raises $3.5b for Fund II – report
RRJ Capital has reportedly raised $3.5 billion for its second fund. The Hong Kong-based GP, which was set up by Richard Ong, formerly of Goldman Sachs and Hopu Investment Management, originally targeted up to $5 billion for the vehicle.
Australia’s Adventure Capital targets $100m VC fund
Australian VC firm Adventure Capital is targeting around $100 million for its debut vehicle. It has already received $20 million in commitments from high net worth individuals – having signed up its first cornerstone investor in late 2010 – and is...
Sequoia joins Series A round for personal search engine
Sequoia Capital India has joined Qualcomm Ventures in investing over $1 million in Dexetra, the maker of Friday, a personal search mobile application.
CVC seeks $12.2b for latest global buyout fund – report
CVC Capital Partners is targeting EUR9 billion ($12.2 billlion) for its next global buyout fund, one of the largest currently being sought.
Tata Capital to raise maiden distress fund
Tata Capital, the private equity arm of India's Tata group, plans to raise nearly INR5 billion ($94 million) for its maiden distress assets fund.
Secondaries in vogue in Korea
Among South Korean LPs there such a thing as the flavor of the month. We have seen global buyout and credit phases over the years, during which international private equity and credit houses mopped up more allocations than ever before. The last 12 months,...
MGPA pays $111m for Perth office building
Four months since reaching a first close of EUR85 million ($111 million), MGPA Asien Spezialfonds - an Asia-focused real estate fund structured to target German investors - has committed close to exactly that amount for its maiden investment in Australia.
Philippines infrastructure: Hole in the road
Still massively underserved, the Philippines infrastructure sector is finally on private equity investors’ radar. Partnering with a credible local partner could be the first step to success