Investments
IL&FS increases ties to Orbit Corp. through $64 million investment
Indian redevelopment firm Orbit Corporation is reportedly set to link with IL&FS Investment Managers to launch a INR300 crore ($64 million) fund for one of its Nepean Sea Road projects, coming months after the private equity firm participated in an INR165...
Helion, Opus reinvest digital video ad network Jivox
Online video advertising shop Jivox has received a $4 million investment from Opus Capital and Helion Venture Partners, as part of a second-round fundraising exercise that brings its total VC investment to date to $15 million.
BanyanTree invests $14.9 million into Indian fastener manufacturing company
Mumbai-based BanyanTree Growth Capital has invested INR700 million ($14.9 million) for a minority stake in Deepak Fasteners, a manufacturer of industrial supplies such as nuts and bolts.
Qiming launches RMB fund for biomedical investments
Chinese VC firm Qiming Venture Partners has launched an RMB250 million ($36.6 million) fund, focusing particularly on biomedical sector-related investments.
RockYou gets $10 million more from SoftBank
Social media content distributor RockYou has received $10 million in new funding from existing investor, Tokyo-based SoftBank, and has acquired a majority stake in its JV with SoftBank, RockYou Asia.
CLSA invests Norway with desalination company Aqualyng
CLSA Capital Partners has invested $8 million for a minority stake in Norwegian desalination company Aqualyng Holding, as part of the latter's efforts to raise $24 million of capital.
New Silk Route to control 80% of INX Media
India-focused growth capital firm New Silk Route (NSR) is poised to take 80% control of struggling INX Media - up from its current 20% - as part of a deal to buy out the stakes of two existing investors, Temasek Holdings and Kotak Private Equity.
Mass PRIM backs SAIF in first emerging markets commitments
Massachusetts Pension Reserves Investment Management Board (Mass PRIM), the $44.2 billion Boston-headquartered pension system for teachers and employees of the state of Massachusetts, has made its first commitments to emerging markets private equity,...
Archer makes $200 million bid for Australia's Boom Logistics
Archer Capital has made an A$240 million ($200 million) bid for Australia’s Boom Logistics Ltd., a crane and construction equipment rental business with substantial exposure to the mining and resources sector.
Riverside invests Oz medical evaluator MLCOA
Global SME-focused private equity firm The Riverside Company has invested an undisclosed sum in Australian medical consultancy MLCOA, marking Riverside’s second acquisition in the market.
Mekong Capital divests Vietnamese retailer Mai Son
Mekong Capital has fully offloaded its investment in Vietnamese luxury fashion retailer Mai Son Joint Stock Company, for an undisclosed amount.
Secondary buyouts: Second helpings?
Secondary buyouts appear to be gathering pace in Asia Pacific, from the buyers reportedly circling Loscam in Australia to indications of interest around China Network Systems in Taiwan.
Patient capital?
Going by some informal feedback to AVCJ, one could be forgiven for thinking that many LPs have learned nothing from the GFC.
Strong 3i results see higher prices but team growth in Asia
Speaking on much-improved full-year results from 3i Group plc, Michael Queen, 3i CEO, said that Asia had been a not so significant short-term contributor to the company's improved performance due to high entry prices, but that 3i has firm medium-term...
Fortress seeks Asia re-entry
Fortress Investment Group, the leading hedge fund and alternative asset investor, has registered a new office in Singapore and may be seeking to re-enter Hong Kong, according to reports.
Carlyle to take on $5.1bn in credit assets
The Carlyle Group is once again expanding its mandate, this time into credit assets.
OZ ACT Treasury hires Towers Watson
The Australian Capital Territory Department of Treasury (ACT) has retained advisory and consulting firm Towers Watson to advise it on investing its A$3.5 billion ($3.24 billion) asset pool into private equity and other asset classes.
Han joins CVC from Honeywell
Allen Han, formerly a VP and GM with Honeywell in China and the US, has joined CVC Capital Partners as a Senior MD with the firm's Operations Team in Asia.
Industry Q&A: Norman Chen, Partner, Fidelity Asia Ventures
Chen talks to AVCJ’s Paul Mackintosh about opportunities for healthcare investments in China
Coller EMPEA Survey: great expectations
THE LATEST EMPEA/COLLER Capital Emerging Markets Private Equity Survey, based on a poll of 151 institutional investors worldwide conducted by AVCJ Group’s sister organization IE Consulting, shows new levels of commitment and interest for emerging markets...
Caveat emptor
Only a few weeks ago it was all looking so easy for Asia Pacific dealmaking.
Daewoo Electronics goes to Iran's Entekhab
Daewoo Electronics, the consumer electronics arm of defunct chaebol Daewoo Group, is to be sold to Iranian industry peer, Entekhab Industrial Group, after private equity groups repeatedly tried but failed to acquire the asset.
Capacity limits in AsiaPac?
A blast from the (recent) past blew in from the US last week, with the news that US investment group Fraser Sullivan had issued the first collateralized loan obligation (CLO) from a major financial house in over a year.
Dance till the music stops?
As this week’s news demonstrates, more large deals are coming to market in what looks like a great spring for private equity deals across the region.