Investments
Singapore Medical to receive $4.5m from Kendall Court
Singapore Medical Group (SMG) will receive a SGD$5.6 million ($4.5 million) investment from Kendall Court, representing the private equity’s first foray into the healthcare sector.
3i India invests $61m in Supreme Infrastructure
3i India will pay $61 million for a minority stake in a portfolio of four road companies held by Supreme Infrastructure India (SIIL), a Mumbai-based infrastructure company. The private equity firm will take a 49% stake in SIIL's subsidiary Supreme Infrastructure...
CITIC PE teams up with Sany to acquire Putzmeister - Updated
Sany Heavy Industry, the Chinese construction-equipment maker, and CITIC Private Equity will acquire Putzmeister, a German manufacturer of high-tech concrete pumps, in one of the largest China outbound deals involving a local private equity firm. CITIC...
E&Y: India is world’s fourth most attractive FDI destination
India is the fourth most attractive investment destination globally, after the US, China and the UK, according to an Ernst & Young survey. Investors are drawn by the strong potential of the country’s domestic market, cost competitiveness and access...
Hony’s Zhao: Foreign prejudice against Chinese investment is unfair
John Zhao, CEO of Hony Capital, told the gathering of the World Economic Forum (WEF) in Davos that foreign prejudice against Chinese investment is unfair, adding that the global community should recognize that many domestic firms are taking their first...
John Tsang: Hong Kong as magnet for PE funds
Hong Kong has retained its status as a private equity hub, largely on the back of developments in mainland China, said Hong Kong's financial secretary John Tsang at an industry event.
TPG, GIC recues Li Ning with $119m convertible bonds
Hong Kong-listed Li Ning, the leading Chinese sportswear brand, announced on Thursday that it has sold RMB750 million ($119 million) in convertible bonds to TPG Capital and Government of Singapore Investment Corp. (GIC). This follows the company's disappointing...
Singapore property funds look to invest $100m in Indian SEZ
Singapore property funds Ascendas and Mapletree Investments are in talks to commit $100million to a special economic zone (SEZ) near the Indian city of Pune.
Fourth quarter analysis: The end of multiples arbitrage?
Fourth-quarter analysis: Growth capital investments flounder; established GPs thrive in difficult markets; trade and secondary sales fail to pick up the capital markets slack.
CLSA Capital Partners backs Chinese spandex producer
CLSA Capital Partners has purchased a minority stake in Artex Fiber, one of China’s largest spandex producers. The RMB250 million ($39.5 million) investment was made through ARIA Investment Partners III, a $333 million vehicle that focuses on growth...
Fund concessions: A tailored fit
The fees debate might not have arrived in Asia, but a string of other LP demands has. Fund managers must manage their investors as carefully as their investments
Gaming & Entertainment: PE places its bets?
Asia’s gaming culture – and casinos in particular - is a hotspot for growth. But with so much at stake, why aren’t more private equity investors placing their bets?
Tata Capital, IFC form cleantech investment JV
Tata Capital and the International Finance Corporation (IFC) have established Tata Cleantech Capital Ltd (TCCL), which will provide capital to Indian small- and medium-sized enterprises (SMEs).
Marks: Strong assets more important than hedging forex risk
Hedging foreign exchange risk is a useless exercise for private equity firms compared to the importance of buying strongly performing assets, Oaktree chairman Howard Marks said at the AVCJ Investment Summit on Thursday.
Southeast Asia takes on the neighbors
Southeast Asia is increasingly popular as an investment destination for private equity firms, but can it compete with China and India?
Asia’s sovereigns: Partners or competitors?
Asian sovereign wealth funds are increasing their exposure to private equity firms globally. They have one eye on returns and another on beating GPs at their own game
China forestry assets: A due diligence nightmare
Opaque regulation and uncertainty about ownership in China’s forestry industry represent a challenge to strong investor oversight.
China due diligence: Suspicious minds?
The quality of private equity firms’ China due diligence has been called into question over the last 12 months - growth capital players may have too little time and too much money.
Abraaj Capital targets Southeast Asian natural resources
Abraaj Capital plans to invest part of its latest $2 billion fund in Southeast Asian natural resources, with a particular focus on copper and tin mines in Indonesia as well as ancillary services tied to mining or agriculture.
CDH invests in Chinese appliance maker Midea
CDH Investments has teamed up with an investment unit of ICBC International Holdings to buy a 15.3% stake in Midea Group, a leading Chinese household appliance manufacturer.
Japanese industries see post-earthquake renewal - AVCJ Japan
Japan’s private equity industry is anticipating greater changes in the aftermath of the March 11 earthquake and tsunami.
Carlyle, Advent to launch joint bid for Tech Mahindra stake
The Carlyle Group and Advent International are expected to launch a joint bid for British Telecom’s 23.2% stake in Tech Mahindra, India’s fifth-largest IT services firm. The deal could be worth $500 million.
South African hospital firm invests in India's Max Healthcare
South African hospital chain Life Healthcare will acquire at 26% stake in Max Healthcare for INR5.16 billion ($104 million) in what is one of the largest foreign investments in India’s healthcare sector.
CIC commits $1b to Russian sovereign wealth fund
China Investment Corp. (CIC) will invest $1 billion in a joint Russia-China Investment Fund that will operate in partnership with the Russian Direct Investment Fund (RDIF), Moscow’s debut sovereign wealth fund.