Financing
China Construction Bank targets Primus' EON Capital
China Construction Bank is said to be eyeing a stake acquisition in Malaysian bank EON Capital Bhd., backed by Primus Pacific Partners, and reportedly sent a letter of interest to the Malaysian central bank seeking permission to court EON’s backers for...
Goldman buys into major Chinese insurer
One year after the private equity arm of Goldman Sachs set its sights on a sizable minority stake in Chinese insurance major Taikang Life Insurance, Goldmans PIA has finally closed the deal, thus marking its latest foray into the PRC’s booming sector....
Goldman's Taikang stake acquisition finalized
Goldman Sachs has acquired a 12.02% stake in China's Taikang Life Insurance Co Ltd. – a slice reportedly worth more than $900 million.
D.E. Shaw joins forces with Indian billionaire
In the first three months of 2011, India has fully showcased its clout as a destination for growth and transactions, with top financial services deals dominating headlines, including Reliance Life's stake sale to Japan's Nippon Life and Standard Chartered's...
IFC makes case for microsavings
In light of the controversy surrounding the merits of microlending to impoverished borrowers – which has largely been a commentary on some MFIs’ operations in India - a report from the World Bank’s investment arm, the International Finance Corporation...
NSR Chairman Rajat Gupta charged with insider trading
Chairman and Co-Founder of New Silk Route (NSR) Rajat Gupta is being investigated for insider trading by the Securities and Exchange Commission, alleging that he passed classified information, garnered through holding executive positions as Goldman Sachs...
J.C. Flowers raises stake in Shinsei Bank
US investor J.C. Flowers & Co. has reportedly upped its stake in Shinsei Bank as part of the bank’s efforts to raise an additional JPY69 billion ($842 million).
Mizuho to invest in Tata fund
Japanese banking giant Mizuho Financial Group is reportedly set to inject capital into a fund managed by India’s Tata Group, Reuters reported, citing sources close to the deal.
Prudential and Fosun form China PE fund
China's largest privately owned investment conglomerate, the Fosun Group, has teamed up with American insurance behemoth Prudential Financial Inc. (PFI) to launch a $600 million private equity fund of which Fosun will act as general partner. The aim,...
Carlyle divests China Pacific Insurance
Days after The Carlyle Group announced that it would sell $860 million worth of shares in China Pacific Insurance, the third-largest insurer in the PRC, the US buyout giant declared that it will offload an additional 415 million shares in the company,...
Leopard Capital takes 33.7% stake in Cambodian MFI
The Cambodia-based private equity firm announced that it has invested an undisclosed sum in Intean Poalroath Rongroeurng (IPR), a Cambodian microfinance firm, in return for a 33.7% equity stake.
PE picks up strategic stakes in CICC
Kohlberg Kravis Roberts, TPG Capital, the Government of Singapore Investment Corporation and Great Eastern Life Assurance will together take a 34.3% stake in China International Capital Corporation (CICC), purchased from US investment bank Morgan Stanley,...
KKR considers raising bid for Australia's Perpetual - reports
Less than two months after Australian investment group Perpetual Ltd. branded the $1.73 billion takeover offer by Kohlberg Kravis Roberts & Co. (KKR) as too low, KKR is now reportedly considering raising its offer based on new data from Perpetual – yet...
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.
HSBC makes new debt appointments for Asia Pacific
HSBC has announced two new senior appointments in its Asia Pacific Debt Capital Markets (DCM) team, with the appointment of Mark Mallia as Head of Debt Syndicate, Asia-Pacific, while Sean Henderson, previous incumbent in the role, will move to Australia...
Citigroup considers divestment of $570 million in CVC assets
Citigroup is considering offloading $570 million worth of assets in CVC Capital Partners as part of its effort to streamline its alternative assets business, according to global reports.
Abraaj Capital launches independent MENASA hedge fund
Middle Eastern PE major Abraaj Capital has launched an independent hedge fund business focused on public securities across the Middle East, North Africa and South Asia (MENASA).
Temasek divests 9.6% stake in Hana Financial Group
Singaporean SWF Temasek Holdings has fully exited its 9.6% stake in Korean banking major Hana Financial Group for $607 million on the public market, at an approximate 3.5% discount to Hana’s last closing price.
KKR makes up to $1.73 billion bid for Australia's Perpetual
Kohlberg Kravis Roberts & Co (KKR) has made an up to A$1.75 billion ($1.73 billion) bid for Australian investment group Perpetual Ltd., offering between A$38-$40 ($37-39) a share for the company.
Indian regulators consider legislation to curtail microfinance debt-collecting
Indian regulators have proposed legislation intended to curb over-aggressive debt collecting procedures by microfinance institutions (MFIs) following a series of suicides by borrowers who were allegedly hounded by their lenders.
Blackstone, Olympus eye Guangdong Yinda Guarantee
Chinese credit guarantee firm Guangdong Yinda Guarantee Investment Group Co. has attracted the attention of private equity investors including the Blackstone Group and Olympus Capital looking to link with the company ahead of an anticipated IPO, local...
TPG's Newbridge Asia to sell $1.16 billion of Ping An shares
TPG Capital’s legacy fund Newbridge Asia is reportedly preparing to sell $1.16 billion worth of shares in Ping An Insurance Group Co. of China, coming as the insurer – the world’s second-largest – looks to streamline the integration of its holding Shenzhen...
Aavishkaar makes partial exit in microfinance holdings, refocuses on social enterprises
VC firm Aavishkaar Venture Management has partially exited its stake in its microfinance and micro-venture capital funds, coming as the firm looks to refocus its operations on social-enterprise targets in the coming years.
Reliance Capital appoints Kela as Chief Investment Strategies
Indian financial group Reliance Capital Ltd. has appointed Reliance Mutual Fund’s Head of Equities Madhusudan Kela as its Chief Investment Strategist, charged with expanding the company’s equities and private equity investments business and developing...