Investments
Lexington eyes bumper deal flow
Brent Nicklas founded Lexington Partners in 1994 and currently serves as managing partner, overseeing private equity secondary and co-investment funds. He discusses global opportunities for secondary investors
Secondaries: The direct approach
The product of a secondary investment itself, Bank of America Merrill Lynch spinout NewQuest Capital has now set out its stall as Asia’s first direct secondary fund
Secondaries in Asia: Small beginnings
Global secondary investors are opening offices and forging relations in Asia, waiting for the trickle of deals to evolve into a healthy flow
CHAMP seeks first stand-alone deal in Southeast Asia
CHAMP Private Equity is targeting acquisition opportunities in Southeast Asia for its A$1.5 billion ($1.55 billion) third fund. Managing Director Cameron Buchanan told Reuters that the firm would use its Singapore office to help Australian and New Zealand...
SABMiller launches hostile takeover bid for Foster’s
SABMiller has launched a hostile takeover bid for Foster’s, worth A$9.5 billion ($10 billion), after the Australian brewer refused to negotiate on its initial proposal two months ago. SABMiller said Wednesday that it would put its A$4.90 per share cash...
Russia’s sovereign wealth fund seeks Chinese partners
Russia’s first sovereign wealth fund, the $10 billion Russian Direct Investment Fund (RDIF), which was set up in June, is seeking Chinese partners to co-invest in deals, Caixin reported.
Punjab National Bank to take 30% stake in MetLife India
Punjab National Bank (PNB) will take a 30% stake in MetLife India, an insurer that counts M Pallonji Enterprises, Jammu Kashmir Bank, IGE and several private equity firms among its shareholders. M Pallonji is also believed to be part-owned by GS Strategic...
LVMH’s private equity arm makes first investment in India
L Capital Asia, the private equity arm of LVMH Group, has made its first investment in India, picking up a 25.5% stake in Genesis Luxury Fashion for an undisclosed sum. The investment will be executed in two tranches.
Franklin Templeton to invest in Mumbai’s Kimaya Fashions
Franklin Templeton will buy a 20% stake Mumbai-based retailer Kimaya Fashions for about INR600 million ($13.5 million), The Economic Times reported, citing people familiar with the situation. The company has confirmed the investment but not the size of...
Mandolin raises its stake in beleaguered Sino-Forest to 15%
Singapore-based Mandolin Fund has increased its stake in scandal-hit Chinese forestry company Sino-Forest to nearly 15%. The fund’s announcement on Wednesday that it had bought a further 5.3 million shares on July 26 saw the Toronto-listed stock close...
Catamaran, Nexus commit $9m to Bigshoebazaar’s Series B round
Catamaran Ventures and Nexus Venture Partners have participated in a Series B round of financing worth INR400 million ($9 million) for Bigshoebazaar India.
CIC announces 11.7% return on global investments for 2010
China Investment Corp. (CIC) saw a 11.7% return on its offshore investments in 2010, a year in which its exposure to alternative investments – such as private equity, hedge funds, real estate and infrastructure – increased sharply to 21% from 6% in...
Sun Art raises $1.1b in Hong Kong IPO
Sun Art Retail Group, China’s largest supermarket operator, raised $1.1 billion through its Hong Kong IPO after pricing shares at the top of the indicative range.
PE firms participate in ING Vysya Bank share placement
A group of six funds, led by private equity players ChrysCapital, Morgan Stanley and India Advantage Fund, have bought a more than 5% stake in ING Vysya Bank for about INR300 crore ($70 million). The stake was purchased through the bank’s recent INR513...
Fidelity Growth Partners makes India education investment
Fidelity Growth Partners will take an undisclosed minority stake in Mind Shaper Technologies for about $15 million, according to statement from the Delhi-based education company. Mind Shaper operates under the Classteacher Learning Systems brand, which...
Sequoia commits $30m to Indian snack foods producer
Sequoia Capital will invest $30 million in Prakash Snacks, marking the first round of private equity funding for the Indore-based snack food producer.
Archer Capital takes majority of V8 Supercars
Sydney-based PE firm Archer Capital will take a 60% stake in V8 Supercars Australia, through its investee Australian Motor Racing Partners.
Navis no longer in line for Malaysian glove maker - reports
Navis Capital Partners has reportedly dropped its pursuit of Malaysian glove maker Latexx Partners Bhd. after parties were unable to meet on acquisition terms, according to Dow Jones.
DCM, Sequoia give $50m to digital retailer
Leading venture capital firms Sequoia and DCM have jointly invested $50 million in Guangzhou-based online retailer VIPshop as part of a Series B round of funding.
Standard Chartered banks on China's auto industry - source
Standard Chartered Private Equity has invested approximately $35 million for an undisclosed stake in Xi’an-based luxury automobile dealership Sunfonda Automobile Group, a source close to the deal exclusively confirms to AVCJ.
VIDEO: ChrysCapital's Gulpreet Kohli
Despite India’s investment landscape has become expensive in recent years, ChrysCapital’s MD Gulpreet Kohli identifies some pockets of opportunity that make the market compelling
Co-investments: Are GPs and LPs on the same page?
Private equity funds investing together with their limited partners have been on the rise recently with no signs of slowing down but what are the economics and the implications for the relationship?
FountainVest, Spring Capital buy into Chinese jewelry distributor
China-focused PE firms FountainVest Partners and Spring Capital Asia have bought a 28.27% stake in China-based Enzo Jewelry for more than $41 million, coming as Enzo’s owner, LJ International, considers spinning Enzo off via an IPO in the future.
KKR brokers largest PE deal in Vietnam
KKR has completed the largest-ever private equity deal in Vietnam, buying a 10% stake in Masan Consumer Corporation, a division of domestic private-sector powerhouse Masan Group, for $159 million.