Investments
Korean PE goes full circle
While fundraising efforts and investment and private equity activity have been subdued for some time, exit-focused activity is very much on the boil
Malaysia and the rest of ASEAN
I was recently in Malaysia last week and got a chance to catch up with a number of old friends in Kuala Lumpur about the local private equity industry, which has been getting a bit of ink from the press lately as a result of Affinity Equity Partners and...
Prudential, Fosun ready to invest with new vehicle
Prudential Financial and China’s Fosun Group have launched the $600 million PRC-focused PE fund first announced in January, with the two parties officially signing a JV agreement enabling the vehicle to begin investing.
Macquarie SBI invests in GMR Airport
Macquarie SBI Infrastructure has officially invested $200 million in GMR Airport Holdings, a unit of Bangalore-based GMR Infrastructure, which operates two of India’s major airports.
L Capital to invest Indian retailer
L Capital Asia, the $500 million private equity fund sponsored by luxury product giant LVMH Group is in discussions to buy stake in India fashion and lifestyle goods retailer Genesis Colors Pvt Ltd, according to a report by the Indian Times.
The international viewpoint
Mounir Guen, founder and CEO of private equity advisory MVision, speaks to AVCJ about the traps new investors fall into when making their first foray into Asia, and warns that chasing GDP won’t necessarily lead to returns.
Japan and India: A match made in Asia
Early in 2011, Indian and Japanese regulators launched measures to more closely align their economies to promote cross-border deals. Since then, they have emerged as two of Asia’s strongest business partners. Three major Indian-Japanese deals have materialized...
A view from the top
The upcoming 2011 AVCJ Private Equity and Venture Capital Review highlights the growing importance of Asia-Pacific to the global PE community. It also raises the question: Just where is all this money going?
AVCJ India report shows PE making strides
The themes common to any discussion on Indian private equity are still there today, but instead of debate, the 2011 AVCJ India Private Equity and Venture Capital report showed steady progress and lessons learned. PIPEs are down by nearly two-thirds –...
Kunming drug distributer gets funding
Kunming-based medical logistics and distribution company First China Pharmaceutical Group has received $2.7 million from a group led by New York-based investment and merchant bank Wellfleet Partners. Three institutional investors, including existing backer,...
A time of reflection
Reading and watching the news of late is like flipping through a modern day interpretation of the Old Testament: pestilence, war, famine and death are everywhere, and it seems someone up above is angry. From Japan to Libya and New Zealand to Yemen, the...
An industry still standing
Just one month before the annual event of the cherry blossoms would make Japan one of the most beautiful countries in the world, a 9.0 earthquake hit east of Honshu on March 11, giving rise to a tsunami estimated about 14 meters height and further leading...
Deal making Down Under
The 8th Annual AVCJ Private Equity and Venture Forum in Sydney brought together optimists, skeptics, GPs, LPs and the industry that makes Austrasia a hotbed of private investment activity
Mekong invests in Vietnamese chemical distributor
Mekong Capital has purchased an undisclosed stake in Vietnamese specialty chemical distribution firm Asia Chemical Corporation for $3.4 million - capital invested from the PE firm’s Mekong Enterprise Fund II Ltd. (MEF II)
Advent ups investment in IPG
Advent Private Capital, a Melbourne-based mid market private equity group, has increased its original investment in Integrated Packaging Group (IPG), a packing specialty company in Australia, to $50 million. Advent already had a controlling stake, but...
VIDEO: JP Morgan Asset Management's Lawrence Unrein
Lawrence Unrein, Global Head of JP Morgan Asset Management's Private Equity and Hedge Fund Groups, says that the global private equity industry learned a few lessons about its limits in the aftermath of the global financial crisis, and discusses how the...
Squalls on the horizon
With the rising rate of Chinese inflation no longer a state secret, the gravity of the problem is clear. But, will the government’s moves be strong enough to curb the problem?
Kaizen gets IFC nod of approval
Indian education-focused private equity group Kaizen Private Equity is awaiting approval from the board for an investment from the International Finance Corporation. The debut fund is targeting $100 million for investments in and around the education...
SingTel unit leads local series A
Singapore Telecom's recently launched venture capital unit, SingTel Innov8, has made its first investment, leading the Series A financing of locally grown 2359 Media. Innov8 invested approximately S$800,000 in the mobile advertisement platform creator,...
Macquarie invests in Moser Baer project
The Macquarie SBI Infrastructure Fund is to take an INR5.8 billion ($129 million) minority stake in a New Delhi-based, 2.52 gigawatt thermal power project of Moser Baer, a domestic energy developer.
A glimpse into the future
With 2011 upon us, industry players offer thoughts on the major themes for the year ahead, and for the first time in years, the forecast is largely for blue skies and sunshine.
Frontier markets investments showcase growth and opportunity
Recent activity out of Cambodia showcases the opportunities in frontier markets, in spite of the risks and uncertainties that these countries also present. In January, Leopard Capital, through its Leopard Cambodia Fund, took a 33.7% stake in Intean Poalroath...
Apax, iGate take Patni Computer for $1.22 billion
A private equity consortium comprising of Apax Partners and its investee iGate is to acquire a 63% stake in Mumbai-based IT services firm Patni Computer for $1.22 billion, news that comes one week after the finalized deal was initially supposed to be...
Leopard Capital takes stake in Laos hydro-power firm
Leopard Capital L.P., through its Leopard Cambodia Fund, has taken a 2.32% stake in the soon-to-be publicly listed Laos hydro-electric power company Electricite Du Laos Generating Company (EDL Genco).