Industry
VIDEO: Pacific Equity Partners' Anthony Kerwick
The challenge facing private equity investors globally is twofold, says Anthony Kerwick, managing director at Australian GP Pacific Equity Partners. First, the operating environment today is very different from that of five years ago, which means the...
India's NSE considers stock exchange listing
General Atlantic-backed National Stock Exchange of India (NSE) is considering a listing on the public markets, but first need to consider the impact of upcoming rules.
Carlyle targets $762m in IPO
The Carlyle Group is seeking to raise as much as $762.5 million through its initial public offering. This would value the company at up to $7.6 billion, less than half the current market capitalization of The Blackstone Group and more than $2 billion...
PAG backs Haitong's $1.8b Hong Kong offering
PAG has become a cornerstone investor in the Shanghai-listed brokerage Haitong Securities' Hong Kong IPO, buying $300 million worth of shares as part of a potential $1.8 billion offering.
China's Chengwei, Tsing back US materials company
Polyera, a US-based supplier of functional materials for the electronics and opto-electronics industries, has secured $24.5 million in Series C funding from investors including Chengwei Capital and Tsing Capital.
EMPEA: More than 50% of LPs to expand SE Asia footprint
Global LPs expect to increase commitments to emerging markets in the next two years, including less-penetrated areas such as Southeast Asia and Latin America, according to a survey released by the Emerging Markets Private Equity Association (EMPEA).
Unitus Seed Fund backs Indian rural distribution start-up
Unitus Seed Fund, a US-based VC firm that targets social start-ups, has invested in Chennai-based Villgro Innovation Marketing (VIM) in a seed series of funding alongside a group of angel investors.
Mubadala posts $1.1b loss due to volatile markets
Mubadala, the Abu Dhabi sovereign wealth fund that counts The Carlyle Group among its investments, announced a loss of AED4.2 billion ($1.14 billion) in 2011, up significantly on the AED338 million deficit posted a year earlier, due to volatile global...
Anacacia Capital sets $156m target for second fund
Australia’s Anacacia Capital is seeking to raise up to A$150 million ($156 million) for its second fund, more than twice the size of its debut vehicle. Jeremy Samuel, the private equity firm’s founder and managing director, nevertheless described the...
Mount Kellett raises $4b for second special situations fund
Mount Kellett Capital Management, the private equity firm started by former Goldman Sachs executive Mark McGoldrick, has closed its second fund at $4 billion. The vehicle, which targets special situation and opportunistic investments, is $1 billion larger...
Carlyle, Sequoia in talks to invest up to $50m in JSM - report
The Carlyle Group and Sequoia Capital are in separate talks to invest $40-50 million in JSM Corp, which operates the Indian franchises of Hard Rock Café and California Pizza Kitchen.
IFC lends $6.5m to Indian food logistics company
International Finance Corp. (IFC), the World Bank's investment arm, will lend $6.5 million to food supply chain Snowman Logistics, in a move to foster efficiency and organization in India’s logistics sector.
Tencent backs Korean mobile messager Kakao
Tencent has teamed up Korean online games developer Wemade Entertainment to invest KRW92 billion ($80 million) in Kakoo Talk, a popular Korean mobile messaging application.
Pegasus Capital Advisors acquires Bangkok luxury resort
US-based private equity fund manager Pegasus Capital Advisors has agreed to buy the Bangkok-based luxury resort and spa business of Six Senses Resorts & Spas.
WSGR hires PE-focused partner in Shanghai
Wilson Sonsini Goodrich & Rosati (WSGR), the US-based law firm specializing in technology and life sciences, has hired Zhan Chen as a partner in Shanghai. Her practice focuses on private equity, privatizations and M&A.
CBC leads Series C round for Chinese HR service provider
China Broadband Capital (CBC) has led a Series C funding round for CDP Group, a human capital management services provider in Greater China and Asia.
Navis proposes $88m buyout of Singapore-listed Adampak
Navis Capital Partners has completed a S$110.7 million ($87.9 million) buyout of Adampak, a Singapore-listed label company. The PE firm can take Adampark private once the offer is accepted by more than 90% of the company's shareholders.
Direct investment: Silent partners?
Limited partners are attracted by the low costs and potentially high returns of direct investment opportunities in Asia. Those with a finger on the market’s pulse are likely to prevail, provided they don’t get too greedy
The listening regulator
To ask an Indian private equity professional what he thinks of domestic regulators is to invite a torrent of feedback, most of it critical. “They don’t understand the industry… They don’t listen to what we have to say… They are incompetent…” Indeed, the...
Shanghai to allow PE funds to raise RMB for overseas investment
Shanghai is planning to launch a pilot program that would allow both international and domestic private equity managers to raise renminbi from Chinese companies and individuals for outbound investments.
India PE fund invests in bookadda.com
T.V. Mohandas Pai, the former Infosys director, and his partner Ranjan Pai have invested in Indian online book retailer bookadda.com through their $100 million private equity fund.
Advent International to invest $105m CARE Hospitals
Advent International will invest $105 million in multi-specialty hospital chain CARE Hospitals, representing its third investment in India.
Indian regulator finalizes PE oversight measures
The Securities and Exchange Board of India (SEBI) has released a final version of regulations intended to tighten its control over the private equity industry. The new rules governing alternative investment funds (AIFs) replace the venture capital funds...
Former STIC executive becomes CIO at KIC
Don Lee Dong-ik, former head of investments at PE firm STIC Investments, has been named CIO of Korea Investment Corp. (KIC), the country’s sovereign wealth fund. The first Korean national to get the job, Lee told AVCJ that the appointment is a huge honor...