Funds
Blackstone caps Shanghai Jinfeng interest in RMB fund
The Blackstone Group may raise not more than RMB 300 million ($45.3 million) from Shanghai Jinfeng Investment Co., Ltd. for its RMB denominated fund.
Japan’s SMBC forms new PE fund
Sumitomo Mitsui Banking Corporation (SMBC), one of the largest financial groups in Japan, has announced that it will be establishing a private equity investment management company alongside its affiliates Sumitomo Corporation, and The Sumitomo Trust &...
Sequoia leads $30 million round in iYogi
Sequoia Capital India has led a $30 million round of funding into independent tech support firm iYogi, as part of a process that also included existing investors Canaan, SVB Capital Partners, SAP Ventures and Draper Fisher Jurvetson.
Patni Computer Systems nearing a PE takeover deal - reports
Two PE-led teams, iGate-Apax Partners and Carlyle-Advent International, are reportedly nearing the end of their race to acquire Patni Computer Systems, one of India’s largest IT services companies, according to local reports.
Morgan Stanley set to wind down its South Korean realty unit
Morgan Stanley is to close the doors of its South Korean real estate unit by the end of this year in an effort to bolster its focus on other Asian markets.
Greater China IPOs triple numbers in the US
Exchanges on the mainland and Hong Kong have together raised nearly $120 billion to date in 2010, while the US has raised just $42 billion, a disparity that showcases the shift from slower-growth, developed economies to high-growth, emerging markets.
Phoenix Capital sells Japan's juice maker to iSigma via TOB
Private equity shareholders of Gold-Pak. a Nagano-based beverage manufacturer, have approved a takeover bid by iSigma, a midsize-focused buyout firm wholly owned by Marubeni Corp.
AltoBeam gets $6 million in Series C round of venture funding
US Venture Partners (USVP) has led a $6 million Series C round of funding in AltoBeam, a Beijing-based media-transmission and semiconductor developer.
Australia's Quadrant closes $746 million buyout fund
Sydney-based Quadrant Private Equity is set to close an A$750 million ($746.3 million) buyout fund, Quadrant 6, with mid-market firms in the service sector among its expected targets.
VC-backed social networking giant Oak Pacific next in line for IPO
Oak Pacific Interactive is the latest VC-backed Chinese powerhouse with aspirations of a public listing in 2011, with reports suggesting that an IPO may be launched as early as the first quarter.
New Enterprise Associates plan IPOs for China's Redbaby, Uni-Power
Two Chinese companies backed by US-based venture capital firm New Enterprise Associates (NEA) – digital retailer Red Baby and financial consulting firm Uni-Power – are set to make their public-market debuts next year.
VC-backed Youku raises $203 million in IPO, trading at a high premium to opening price
The same week that China’s Dangdang.com was touted as one of the largest IPOs to come out of the New York Stock Exchange this year, the public debut of Youku.com achieved the same acclaim, raking in $203 million.
3i CEO Michael Queen talks infrastructure in India
Off the back of 3i Group’s announced $1.5 billion Indian infrastructure fund, CEO Michael Queen speaks candidly with AVCJ about the firm’s ramped-up allocation in India and why placing bets on infrastructure is the right move.
CLSA Capital Partners makes debut Pacific Transportation deal with OSL
CLSA Capital Partners has announced the first investment from its Pacific Transportation Asia logistics and shipping private equity unit, with a majority investment in OSL Holdings Ltd., a Hong Kong-based dry bulk ship owner and operator.
Blue Oak reaches first close on $100 million Xi'an China fund
Blue Oak Capital has both launched and concurrently conducted its first close of the Blue Oak China Venture Fund, an RMB-denominated fund with value equivalent to $100 million, floated in conjunction with the National Civil Aerospace Industrial Base (NCAIB),...
Sippel and team to leave Quadrangle
Following developments in the US around Quadrangle Group, which now has reportedly decided against raising a new fund in 2011, Ed Sippel, Managing Principal with the firm's Hong Kong office, has decided to leave the firm.
Headland becomes a test case for post-bank spinout PE funds
One of the most closely watched of the new wave of private equity team spinouts from major banks has completed with the announcement that the management team who led HSBC Private Equity Asia have now completed their separation from parent HSBC with the...
You’ve been served
Recent developments have highlighted the personal – and legal – issues that can arise when private equity firms and their senior staff part company.
The great India debate
Private equity investment deals in India may be tricky, expensive and atypical compared to the standard private equity model, but they are potentially lucrative and poised to become even more attractive.
Legend to launch local VC funds in China: reports
MD of Legend Capital, Ouyang Xiangyu, has said that the VC firm has plans to raise two funds totaling around $500 million in the first half of 2011, one a RMB1 billion ($150 million) RMB fund, and the other a $350 million US dollar fund, in an interview...
China to dominate Philippine ferries through Negros deal
The China-ASEAN Investment Cooperation Fund, through its wholly owned subsidiary China-ASEAN Marine, has invested in Negros Navigation, conditional on the ferry operator purchasing a 93.2% stake in Aboitiz Transport System (ATS) for $105 million, which...
Butalia, Panandiker forming KV Asia for India and Southeast Asia
Karam Butalia, former Global Head with Standard Chartered Private Equity Ltd., is forming a new Singapore-based platform, KV Asia Capital, to invest in Southeast Asia and India, and is seeking to raise some $500 million for its first fund, sources at...
Lashou completes second financing from VC firms
Lashou.com, a Chinese website selling discount items for group purchase, has raised $50 million in second-round funding from investors including US venture firms Tenaya Venture, Norwest Venture Partners, China’s GSR Ventures and Rebate Network, a US...
Temasek to manage Singapore government Heliconia co-investment program
Singapore SWF Temasek Holdings is to manage the first phase of the Singapore government-backed co-investment program announced earlier this year, which aims to invest up to S$1.5 billion ($1.15 billion) in co-investments with private equity firms into...