Funds
Secondaries show Asia’s maturity?
Secondary fund transaction volumes are one indicator of the scale and maturity of a region’s private equity industry.
3i continues buyout wind-down in India
In light of 3i Group’s decision to pare down its buyout arm in Asia – folding its Singapore-led buyout team into its regional growth capital platform and transferring responsibility for Asian buyouts to its global buyout team – 3i India is merging...
Asia Pacific distress still pays off
Given the financial journal headlines and relentless LP interest reinforcing the notion that Asia is booming, one might well wonder what distress opportunities remain in the region.
Fitness First to IPO
BC Partners-owned gym chain Fitness First is reportedly looking into an IPO on the Hong Kong, Singapore, Shanghai or Sydney stock exchanges in a public markets debut that could raise as much as $1.8 billion.
Zhou joins LGT in Hong Kong
LGT Capital Partners has recruited Brooke Zhou as an Associate Vice President in its private equity investment team, based in Hong Kong, where she will focus on primary and secondary fund investments, as well as co-investments.
Iwakaze Capital seeks $200 million for second fund
Iwakaze Capital, a Japanese SME-focused buyout firm, is looking to raise $200 million for its second fund, following its maiden fund, which closed at $23 million.
Affinity exits Loscam - to China Merchants
Affinity Equity Partners has finally exited its Australian pallet business Loscam – to PRC strategic player China Merchants Group, rather than China Merchants investee China International Marine Containers (CIMC), as initial reports suggested.
DE Shaw looks at Ambani JV
Private equity and hedge fund group DE Shaw is on the point of forming an equal JV with billionaire Indian business leader Mukesh Ambani, according to Indian reports.
Adams Street recruits Soo from GIC SI
Leading fund of funds and private equity investment management group Adams Street Partners has recruited Yar-Ping Soo, previously Head of Asia/Emerging Markets at Singapore's GIC Special Investments (GIC SI), as Partner with its investment team.
CITIC Capital aims for $340 million for second Japan fund
CITIC Capital Partners, investment arm of CITIC Group, China's largest financial conglomerate, is aiming to raise as much as JPY30 billion ($340 million) for its second fund, CITIC Capital Japan Partners II, focusing on the Japan market.
WI Harper appoints Lu as new COO
WI Harper Group, the veteran VC firm focusing on early and expansion stage investments, has appointed Jimmy Lu, hitherto co-founder/GP at iD Ventures America, the US arm of what was previously Acer Technology Ventures, as Executive MD and COO, based in...
Babson does first Oz deal with Collins Food
Babson Capital Management, a leading US investment firm and mezzanine provider, has just announced the first deal from its newly opened Australia office, with an investment - for an undisclosed amount - in mezzanine notes held by Collins Food Group, the...
Blackstone gets RMB fund backing from Shanghai Ace
The Blackstone Group will receive RMB300 million ($44.1 million) for its renminbi-denominated fund, The Blackstone Zhonghua Development Investment Fund, from listed Shanghai Ace Co., a Shanghai-based investment firm.
Japan's SBI and US Jeffries will form two joint funds
SBI Holding Inc., the Tokyo-based financial group, has reached a final agreement with Jefferies Group Inc, a global securities and investment banking group headquartered in the US, to form two new investment funds: the Jefferies-SBI USA Fund and SBI-Jefferies...
Yatra Capital sees Indian opportunities
Yatra Capital, the Euronext-listed company focused on real estate investments in India, plans to invest up to INR115 crore ($24.4 million) through two realty deals in 2010, Christopher Wright, chairman and co-founder at Yatra Capital, said publicly.
Shanghai Financial fund makes largest PRC close at $1.62 billion
Shanghai Financial Industry Investment Fund, the financial services-focused private equity vehicle backed by China International Capital Corp. and Shanghai International Group, has held a first close of RMB11 billion ($1.62 billion), mostly from PRC SOEs...
VEIL concerns see Vietnam market drop
Vietnam-focused investor Dragon Capital saw the country's benchmark fall sharply in late June over rumors that its Vietnam Enterprise Investment Limited Fund, a vehicle listed in Ireland, might be dissolved after legal action by one of its key shareholders,...
Japan's New Horizon expects $560 million for second fund
New Horizon Capital, a Tokyo-based private equity firm, plans to raise up to JPY50 billion ($560 million) for its second fund, also saying that it expects a first closing in 3Q10 of around JPY12 billion ($135 million).
Eredene invests India's Ennore Port terminal
London AIM-listed Eredene Capital, an India-focused real estate and infrastructure investment firm, has led a consortium to win the rights to build and operate the Ennore Port container terminal project in Tamil Nadu, along with Spanish and Indian industry...
Ex-Unilever Banga joins CDR for operations
Manvinder (Vindi) Singh Banga, formerly Chairman and MD of Unilever in India and later Singapore-based President of its Foods, Home and Personal Care division, is set to join the London office of global buyout major Clayton, Dubilier & Rice (CDR), as...
Reliance/GTL deal may involve Saudi Telecom, ADIA, PE players
The $11 billion merger of Reliance Infratel, the cellular transmission tower arm of India's Reliance Anil Dhirubhai Ambani Group, into Indian independent telecoms player GTL Infrastructure may include investment by Saudi Telecom Co., the Abu Dhabi Investment...
China's Rong Qin aims to raise $736 million
Beijing-based PE fund Rong Qin aims to launch a new fundraising initiative to bolster its capital by RMB5 billion ($736 million) over the next two years, adding to the RMB3 billion ($441.4 million) it currently manages.
Telopea launches from Oz for regional PE, real estate, advisory
Telopea Capital Partners has opened in Sydney, Beijing and Hong Kong, seeking to make direct private equity and real estate investments with a new fund, as well as offering advisory services across the region.
Avigo closes third fund at $240 million
Delhi-based Avigo Capital Partners has closed its Avigo SME Fund III at $240 million, to be committed to investments into mid-market firms, according to reports.