Funds
Affinity, TPG investee UTAC seeks to relist in Singapore
Affinity Equity Partners and TPG Capital investee United Test and Assembly Center (UTAC) is seeking to relist in Singapore in an IPO likely to raise up to $600 million, three years after its 2007 privatization, according to reports.
China's Mbaobao.com gets $30 million from DCM and Legend Capital
PRC online trading site operator Mbaobao.com has raised $30 million from DCM and Legend Capital, both VC firms with strong presences in China.
French real estate investor IREIFS forays in Thailand's resort business
IREIFS (International Real Estate Investment & Financing Solutions) Investment Group, a Paris-based privately held real estate investment firm, has entered into a JV to develop two new resort projects in Chiang Mai, including the Mae Rim and Ping River...
ANZ/KEB due diligence ongoing
Australia and New Zealand Banking Group (ANZ) is continuing its due diligence for the potential purchase of a 57.27% stake in Lone Star Funds investee Korea Exchange Bank.
HSBC sells HSBC Private Equity Asia unit to management
HSBC Holdings has announced the sale of 80.1% of HSBC Private Equity (Asia) Ltd. to the management team of HSBC Private Equity, for a price tag of around $18.8 million, executing a spinout plan first reported in June.
Sequoia, other VCs, invest China pharma marketing play Eddingpharm
Eddingpharm (Cayman) Inc., a China-focused pharmaceutical marketing company, has just had a $24 million Series B financing from OrbiMed Advisors Caduceus Asia Partners Fund, Domain Associates, and the Sequoia Capital China Growth Fund.
Franklin Templeton Real Estate plans new Asia-focused realty fund of funds
Franklin Templeton Real Estate Advisors, an affiliate of US fund manager Franklin Templeton, plans to launch a new Asia-focused property fund of funds, targeting to raise about $300 million from institutional investors, primarily in Europe and Australia....
Godrej Group launches $50 million Omnivore Capital agri VC fund for India
Indian conglomerate the Godrej Group – which produces goods ranging from appliances to furniture to healthcare goods – is set to make its foray into the VC arena, launching a $50 million fund that will reportedly target agricultural technology companies....
Kotak Realty Funds set to exit two real estate investees
Kotak Realty Funds Group is set to exit two of its real estate investments, both IT parks in Tier One cities in India.
StepStone opens Beijing office, recruits Su for Managing Director role
Leading customized portfolio management and fund of funds firm StepStone Group has appointed Weichou Su, formerly an MD with China-focused investment banking and private equity firm the Hina Group, as Managing Director for its new Beijing office, which...
Eredene Capital appoints Paul Gismondi, Robert Arnold as non-Executive Directors
India- and infrastructure-focused PE fund Eredene Capital has appointed Lazard & Co. MD Paul Gismondi and former Willis Faber & Dumas partner Robert Arnold as non-Executive Directors.
Macquarie acquires Presidio for Asia Pacific/US real estate synergy
Macquarie Group has announced the acquisition of Presidio Partners, a leading US real estate private equity investment and advisory firm, seeking to build links with its own, chiefly Asia Pacific, real estate platform.
VC-backed ChinaCache goes for NASDAQ IPO
Venture capital-backed ChinaCache International Holdings, which claims to be China's largest online content delivery service provider, has applied for an IPO on NASDAQ, promising a liquidity event for investors including Intel Capital and Qiming Venture...
Axis Bank to complete exit from private equity fund
India's Axis Bank is about to complete its exit from its Axis Private Equity platform, pending the results of discussions with LPs in its INR600 crore ($130 million) fund, according to comments by Shikha Sharma, the bank's CEO.
CDC under scrutiny for Asia, other expenses
The UK's development policy investor Commonwealth Development Corporation (CDC), which participates in many Asia-focused funds, is under review by the UK International Development Secretary Andrew Mitchell, following press enquiries about its staff's...
Advent recruits former Thermax MD Kulkarni as advisor
International mid-market private equity investor Advent International has recruited Prakash Kulkarni, former MD of Thermax, India's leading boiler manufacturer, as an advisor in its operating partner program.
Industry Q&A: Keith Larson, Intel Capital
Keith Larson, VP and MD for the Manufacturing Sector at Intel Capital, talks about how truly world-class technology, electronics and gadget companies are making Asia – all of Asia – the place to look for the next, best thing.
China private equity shooting for world No.1?
The latest market data and market moves point to China’s inexorable rise to become the leading private equity market, as it is the leading economy, in Asia Pacific.
China reshapes the world?
China's rise to private equity superpower status is the subject of much comment in AVCJ lately and elsewhere; but one less immediately obvious implication is the prediction made by David Patrick Eich of Kirkland & Ellis, that “China will have a profound...
Milestone Capital invests Chennai's Pelican Group for affordable housing
India's Milestone Capital Partners has invested INR20 crore ($4.3 million) in Pelican Group, a Chennai-based real estate developer, to fund expansion in the affordable/social housing segment through its Pelican Affordable Housing unit.
VantagePoint launches Bohai VC fund
VantagePoint Venture Partners has become the latest fund to launch out of China's bustling Bohai Rim development zone, with the announcement of the Tianjin VantagePoint Hi-tech China FIVCE Fund, targeting RMB680 million ($100 million) for investment in...
Chengdu govenment forms RMB10 billion infra fund
Chengdu Longquanyi District Government, CDB Finance Co., Ltd. and China Development Bank's Sichuan Branch have signed a framework agreement to support a regional fund named CDB Sichuan (Longquanyi) Urban-Rural Coordinated Development Fund.
CICC loses talent as KKR, TPG deal nears
The $1 billion-plus sale of Morgan Stanley's 34.3% stake in leading PRC i-bank China International Capital Corp (CICC) to Kohlberg Kravis Roberts & Co. and TPG Capital appears to be coinciding with a talent flight from the bank, as the bank moves to allow...
China Life to invest China Development Bank, NSSF-backed $2.2bn Suzhou RMB VC fund
China Life, the PRC's top insurance company, is to invest into the Suzhou Venture Capital Fund, an RMB-denominated vehicle in Suzhou, a significant satellite city of Shanghai, set up by the China Development Bank (CDB) and the National Social Security...