Investments
Oaktree agrees tanker deal with Singapore's Navig8
Oaktree Capital Management and Singaporean shipping management firm Navig8 have agreed to form a shipping joint venture, Navig8 Chemical Tankers.
Nominations for the AVCJ India Awards - final call
Nominations for the 2013 AVCJ India Awards close today. This is the industry's last chance to highlight the leading fundraises, investments, exits, professionals and firms of the last 12 months.
Asia PE fundraising recovers to $9.5b in third quarter
Asia-focused private equity funds raised $9.5 billion in the third quarter of 2013, up from the multi-year low of $5.2 billion in the previous quarter, according to provisional data from AVCJ Research. A total of 54 vehicles reached a partial or final...
Japan's Integral backs TBI Group
Japanese private equity firm Integral Corp. has acquired part of TBI Group, a restaurant chain operator with 78 outlets, as part of a management buyout. The financial terms of the deal were not disclosed.
KKR, CDH go greenfield in China
KKR isn’t known for backing start-ups, but the risks associated with the firm’s recent foray into dairy farm ownership in China are tempered by the presence of familiar partners. For its first control deal in China and its first greenfield deal globally,...
KKR, CDH invest in $140m China dairy farm joint venture
KKR has completed its first majority investment in China, partnering with CDH Investments and China Modern Dairy in a $140 million greenfield farming joint venture that will deliver premium raw milk to domestic consumers.
Ontario Teachers keen for more Asia co-investment
Ontario Teachers’ Pension Plan (OTPP) expects to become a more active co-investor in Asia, partnering with GPs in the region that offer certain geographic or sector expertise as well as operational capabilities.
China Everbright’s private markets business sees profit spike
China Everbright's private market business - which includes a variety of PE, VC and sector funds - generated a pre-tax profit of HK$205 million ($26.4 million) in the first half of 2013, up 17% year-on-year.
Advantage to acquire Japan massage salon chain Riraku
Advantage Partners has agreed to buy Japanese massage salon chain Riraku for an undisclosed sum. The mid-market buyout firm is acquiring the business from the founder and CEO and other shareholders.
Singapore’s GIC refines investment approach
GIC Private, the Singaporean sovereign wealth fund, has recalibrated its investment framework, splitting its portfolio into three strategies intended to strike a balance between its risk and return expectations, long-term investment objectives and desire...
Blackstone downbeat on India prospects
The Blackstone Group has turned cautious about opportunities in India, where it says “serious governance issues” threaten to erode investor returns. The firm, which earlier this month bought a majority stake in auto parts maker Agile Electric for...
EQT mulls deal for Dairy Queen, Papa John’s China franchisee – report
EQT Partners intends to buy a minority stake in RCS Group, a Chinese fast-food chain operator that owns franchisee rights for the Dairy Queen and Papa John’s Pizza, from existing investor Warburg Pincus.
A new alternative: SME liquidity in India
India has opened up a channel for domestic start-ups to sell shares without going through a full IPO. The platform offers new fundraising and exit options, but regulators could help by removing more red tape
ASEAN integration brings opportunities, challenges - AVCJ Forum
ASEAN integration is a game changer for companies from China and India as well as for those in Southeast Asia, but a lack of familiarity with private equity in more peripheral markets remains an obstacle, fund managers told the AVCJ Singapore forum.
Ex Indonesia: Investing at SE Asia's edges
Indonesia is the poster child of Southeast Asian private equity but competition is intense and valuations are rising. What can investors expect from less-tapped markets such as Thailand, the Philippines and Vietnam?
Temasek’s portfolio expands to $169b with greater focus on energy
Temasek Holdings saw its portfolio grow to S$215 billion ($169 billion) for the year ended March 2013, up 8.6% from the preceding 12 months.
Asia PE fundraising slumps to $13b in first half of 2013
Asia private equity fundraising came to $13.8 billion in the first half of the year, down 40% on the second half of 2012, according to provisional data from AVCJ Research. This is the lowest six-monthly total since January-June 2009. PE investment reached...
Asia PE: Taking the temperature
AVCJ assembled a group of private equity industry leaders to share their views on the prospects for exits in Asia, changing expectations and approaches to China, and how to address LP interest in co-investment
Friend or foe? Chinese M&A in the US
Chinese companies are keen to acquire assets overseas and the US is a popular target. Success hinges on satisfying regulators, appeasing politicians and persuading sellers of their ability to execute transactions
Regional update: A time to invest?
Is now the time to invest in Asia? This is a question that keeps popping up in my conversations with limited partners. Obviously, the simple answer can always be “yes.” That is if these LPs are able to locate and gain access to the fund managers that...
Positive signs from India
The last few years haven't been kind to Indian private equity. After a period of strong fundraising and bumper investment – a large portion of it into publicly-listed entities – the industry has largely been unable to deliver on the promise. Non-performers...
Shogun diplomacy: Corporate management in Japan
History shows that Japan's corporate elites rarely take kindly to private equity knocking down their door. How can the outside investor best woo potential partners?
Oaktree Cap invests $20m Indian pharma packager
Oaktree Capital Management has bought a 60% stake in Cogent Glass for around INR1.2 billion ($20.6 million). As part of the deal, Cogent has signed an agreement with Oaktree portfolio company SGD for technology sharing as well as marketing and management...
Saratoga vehicle raises $151m in IPO, will invest with institutional fund
A vehicle containing legacy assets that predate Saratoga Capital’s institutional funds has raised $151 million through an IPO in Indonesia. Saratoga Investama Sedaya (SIS), which is controlled by the private equity firm’s founders, Sandiaga Uno and...