Investments
Intel Capital commits $16m to Asia e-commerce
Intel Capital, the VC arm of Intel Corp, has invested a total of $16 million in Asia e-commerce, backing India's Snapdeal.com and Bright Lifecare, while upping its stake in Singapore's Reebonz.com. It did not disclose the size of individual commitments.
IFC to lend $70m for Everbright Chinese water project
International Finance Corporation (IFC), the investment arm of the World Bank, will lend $70 million to China Everbright International to build three water plants in China.
PE firms struggle with rich valuations in Southeast Asia – survey
Increased competition for deals and buoyant equity markets have pushed up valuations in Southeast Asia, prompting private equity investors to hold back, according to a new survey. While the region is becoming more important in investment strategies, returns...
IFC ups stake in Mongolia's TenGer Financial Group
International Finance Corporation (IFC), the investment arm of the World Bank, has increased its stake in Mongolia's TenGer Financial Group (TFG) to 19% for an undisclosed amount.
China value-add: Empty promises?
Pulled by a desire to buy and build or pushed by a need to address restricted exit options, PE firms in China are placing greater emphasis on operational value-add. LPs must decide who’s all talk and who is action
Tata Capital to buy minority stakes in Tata Sky, infra assets
Tata Capital’s Tata Opportunities Fund (TOF) is in the process of buying minority stakes in direct-to-home (DTH) TV provider Tata Sky and TRIL Roads.
Nalanda Capital invests $4.8m in Indian bearings manufacturer
Singapore-based private equity firm Nalanda Capital has invested INR270 million ($4.8 million) in NRB Bearings. The Nalanda India Equity Fund bought 7.7 million shares of the company at INR35 apiece on the National Stock Exchange, for a 7.96% stake.
Saban Capital plans to triple Asia portfolio
Saban Capital is looking to triple its investments in Asia over the next two years with a focus on the media and communications space.
China webinar: Still a safe bet?
Exits have been preying on the minds of China-focused private equity investors as the IPO market so little signs of revival. It means GPs must think more broadly and more globally
Mercury takes 30% stake in Australia's Novotech
Mercury Capital has taken a 30% stake in Novotech, Australia's largest independent clinical trials provider, with a view to aiding its Asia-Pacific expansion. The amount invested was not disclosed.
CDIB ends two-year wait for Meilele deal
After two years spent following Meilele, during which several other venture capital firms jumped on board, Taiwan's CDIB Capital has finally invested in the Chinese online furniture retailer. It was a tough fight, with more than 10 bidders in the running...
SEAF, Sarona invest in India's Khyati Foods
Canada-based Sarona Asset Management has invested in India's Khyati Foods, alongside SEAF Agribusiness India Fund. The details of the transaction were not disclosed.
Quantum seeks to remove Intrepid directors after Indonesia debacle
Quantum Pacific Investment is looking to remove directors at Australia's Intrepid Mines after the company lost control of a key Indonesian asset.
Helion, Ventureast invest in tech firm Selcore
Indian VCs Helion Venture Partners and Ventureast Proactive have made a joint investment in enterprise information rights management (IRM) provider Selcore. The financial details of the deal were not disclosed.
CX banks on India ATM opportunity
WITH MORE THAN 90% OF RETAIL transactions carried out in cash, India's growing consumer classes are in need of ATMs. However, there are only around 90,000 machines nationwide, which equates to just 59 per million people.
China PE and mutual funds: Never the twain shall meet
China’s securities regulator has invited domestic PE firms to raise mutual funds, prompting a rival agency to forbid such a move. Regardless, industry participants are uninspired by this opportunity
L Capital buys 50% stake in Australian boot maker
L Capital Asia, the regional investment arm of luxury group LVMH, has acquired a 49.9% stake in Australian boot maker R.M. Williams for around A$52 million ($55 million).
Warburg Pincus invests in India's Avtec, Actis exits
Warburg Pincus has acquired a minority stake in Avetec, an Indian manufacturer of precision-engineered products, facilitating an exit for Actis. The value of the transaction was not disclosed.
Australia’s QIC looks to develop its direct China exposure
QIC, an Australian investment manager QIC with more than A$69 billion ($73 billion) under management for a combination of domestic and international clients, is stepping up its efforts to develop bilateral investment opportunities in China. The group...
Navis acquires stake in Malaysian IT firm Strateq
Navis Capital Partners has bought a 54.8% stake in Malaysian IT firm Strateq from Kencana Capital. Sources familiar with the situation told AVCJ the deal was valued at MYR35-50 million ($11-16 million), or around 6x forward EBITDA.
Indonesia webinar: Turning hype into returns
Indonesia has emerged as the next big thing in Asian PE, but there are concerns about rising valuations and whether the market is deep enough to meet expectations. Industry participants share their views
AMP Capital increases stake in Australia Pacific Airports
AMP Capital has increased its stake in Australia Pacific Airports Corporation (APAC) to 43% after exercising its preemptive rights to acquire an additional 3.5%.
AID Partners invests in Prime Focus' movie special effects unit
Hong Kong-based private equity firm AID Partners has invested $10 million in Prime Focus World (PFW), a global entertainment services company and wholly-owned subsidiary of Indian media company Prime Focus.
PE, MFIs back Philippines rural lending initiative
When examining the driving forces of rural development, one fact continually rings true: the higher the proportion of people in possession of a bank account, the higher a country's GDP per capita. In Asia, two countries fall well below the trend line...