Investments
SAIF considers Specialty Restaurant options
Despite reports suggesting that SAIF Partners is considering boosting its stake in food services firm Speciality Restaurants from 12% to 20%, an executive from the firm has told AVCJ that an equity boost is only one option being considered to fund the...
Gobi Partners invests in the clouds
Tech-focused VC firm Gobi Partners and Singapore-based EDBI Investments have injected $6 million into cloud computing provider Cloudpic Singapore, with the capital slated to enable Cloudpic’s expansion across Asia.
IDG invests in two Chinese companies
IDG Capital Partners, a China-focused VC firm, announced just before Christmas that it made a new investment in ihaveu.com, a website established by the former VP for MSN China and founder of Taobao.com. The total capital raised in this first round of...
Baring invests $90 million in Indian boiler manufacturer
Baring Private Equity India has invested $90 million in boiler maker Cethar Vessels for an unspecified minority stake, with capital earmarked to be used to expand Cethar’s facilities. Cethar, India’s second-largest boiler manufacturer, currently produces...
Leopard Capital takes 33.7% stake in Cambodian MFI
The Cambodia-based private equity firm announced that it has invested an undisclosed sum in Intean Poalroath Rongroeurng (IPR), a Cambodian microfinance firm, in return for a 33.7% equity stake.
Tata Power cancels $300 million deal with Olympus Capital
Six months after Olympus Capital Holdings Asia inked a deal to buy $300 million worth of shares in Tata Power’s coal special purpose vehicles (SPVs) Bhira Investment Ltd. and Bhivpuri Investment Ltd., Tata has rescinded the deal on the grounds that...
Blackstone among suitors for Australia's Centro Properties
Debt-burdened Australian shopping mall owner Centro Properties Group is entertaining an acquisition bid from the Blackstone Group for its more than 700 Australian, New Zealand and US properties, with other PE majors also said to be eyeing the assets.
Patni deal delayed - reports
Following initial reports that private equity consortium Apax Partners and iGate had been selected to buy a 63% stake in IT services firm Patni Computer, besting a rival bidding team led by the Carlyle Group and Advent International, latest reports suggest...
Actis, GIC invest $77 million in GVK Energy
One month after Indian power giant GVK Energy received a $182 million investment from 3i India, Actis and SWF the Government of Singapore Investment Corporation (GIC) have also pledged $77 million in the company.
Mubadala ups stake in Carlyle by $500m
Mubadala Development Co, an Abu Dhabi government-backed firm, has announced it will raise its 7.5% stake in The Carlyle Group by $500 million, receiving an undisclosed number of equity shares and convertible subordinated notes in the US-based private...
KKR invests in Chinese liquor store chain
Kohlberg Kravis Roberts (KKR) has invested in China’s largest liquor chain, VATS Liquor Store, for an undisclosed amount or stake.
Aureos invests $10 million for minority stake in Central Indian hospital group
Emerging markets-focused PE firm Aureos Capital has invested $10 million for a minority stake in BSR Super Speciality Hospitals Ltd.
Actis set to invest $125 million in SuperMax - reports
The same week that London-headquartered Actis announced its exit from Paras Pharmaceuticals, reports have surfaced that the emerging markets investment firm is set to inject up to $125 million for a minority stake in SuperMax Corp., a maker of shaving...
New Enterprise Associates beats competitors to invest $50 million in TutorVista
VC firm New Enterprise Associates (NEA) is set to invest $50 million in Indian education platform TutorVista Global, reportedly besting firms such as Baring Private Equity Asia, ICICI Venture, Multiples Alternative Asset Management, Standard Chartered...
Infinity Group leads $14.3 million investment in Chinese heat-exchange firm
Tel Aviv-headquartered Infinity Group has led a $14.3 million investment into China’s THT Heat Transfer Technology, Inc. The RMB fund pioneer and cross-border specialist will invest $9 million with the remaining capital to be provided by MC Capital,...
The cleantech sector: renewable?
A challenging year has taken much of the wind out of the clean/green sails, but activity continues, especially in renewable energy
Hopu, Temasek among investors in Chinese juicer Asian Citrus
Eight investors, including Hopu Investment Management and Singaporean SWF Temasek Holdings, have purchased HK$1.55 billion ($200 million) worth of shares in Asian Citrus, the largest orange plantation owner and orange producer in China, to provide the...
SEA retail is harder than it seems
When it comes to retail in Southeast Asia, private equity seems to face an uphill battle.
Asian funds: arithmetic or geometry?
With Asia growing in size, scale and industry importance, what do the funds of the future look like?
Tectonic shift toward Asia Pacific?
It's that time again: another year for Asia Pacific private equity brings round another fixture in the region’s industry calendar – the AVCJ Asia Pacific Private Equity & Venture Forum.
Steamboat Ventures invests $10 million in Chinese luxury shopping site Shangpin
Steamboat Ventures has invested $10 million in shopping site Shangpin.com, according to an executive at the VC firm, as part of a second round of fundraising for the Chinese domain.
Wholesale website Lightinthebox gets $35 million from VC backers
VC firms TBP Capital, Ceyuan Ventures and GSR Ventures have injected $35 million into Chinese online wholesaler Lightinthebox, the company’s CEO Quji Guo has announced.
China Private Equity takes 40% of China iEducation
China Private Equity Investments Holdings (CPE) has taken a 40% stake in digital content provider China iEducation Group for $2 million – capital that will be used to restructure China iEducation’s operations and fund its expansion aspirations.
Warburg Pincus set to take stake in Quest Global, outbidding rival funds
Warburg Pincus is reportedly set to make a $60 million investment in aeroengineering and manufacturing consultancy Quest Global, coming one month after the PE industry’s biggest names entered the arena to take a stake in Quest.