Industry
TPG reaches first close of its two RMB funds
TPG Capital has reached a first close of its two China funds, having received commitments of RMB4 billion ($635 million). The private equity firm said that 90% of the capital raised came from private investors rather than government-linked entities. It...
Hutchison Whampoa to acquire Orange Austria
Hutchison 3G, a unit of Hong Kong conglomerate Hutchison Whampoa, agreed to acquire Orange Austria, a mobile telecommunication company owned by France Telecom and buyout firm Mid-Europa Partners.
KKR promotes Clifford Chiu to partner level
Clifford Chiu, who leads KKR’s investor relations, capital raising and capital markets activities in Asia, has been promoted to member, equivalent to partner level. He was previously a managing director at the firm.
Singapore Medical to receive $4.5m from Kendall Court
Singapore Medical Group (SMG) will receive a SGD$5.6 million ($4.5 million) investment from Kendall Court, representing the private equity’s first foray into the healthcare sector.
Holm plans to tap Indonesia’s rich
There is no shortage of Indonesia-focused funds seeking capital. Of the established players, Northstar Pacific has already completed fundraising and Saratoga is on course for a final close this year. At least five other first-time GPs are currently in...
Q&A: Hony Capital's John Zhao
Hony Capital has raised a total of $4 billion for its latest renminbi and US dollar funds. John Zhao, CEO of the Chinese private equity firm, tells AVCJ how he plans on spending it
Asian fund-of-funds: In the balance
Do Asian fund-of-funds have the scale and selling points to survive in an increasingly complex and competitive market?
PE and Chinese outbound investment
Who writes CITIC Private Equity's scripts? The day after the conclusion of the World Economic Forum’s annual meeting, where China and its role in the global economy was inevitably an area of focus, it was announced that Sany Heavy Industry would purchase...
Mourant Ozannes opens Hong Kong office
Mourant Ozannes, one of the leading global offshore law firms, has enlarged its footprint in Asia by opening an office in Hong Kong. Three partners have relocated to Asia where they will focus initially on investment funds, corporate and finance work.
CDB fails to land RBS aviation unit despite making highest bid
China Development Bank (CDB) made the highest bid for Royal Bank of Scotland’s aviation-leasing unit but lost out on the transaction due to concerns about its ability to close the deal. The asset was sold to Sumitomo Mitsui Financial Group (SMFG) for...
SBI, Edelweiss create $100m India PIPE fund
SBI Holdings and Edelweiss Financial Services have agreed to set up a fund focused on investments in listed small and mid-cap companies in India. The vehicle, known as EW SBIH Crossover Fund and based in Mauritius, will have initial capital of $100 million,...
3i India invests $61m in Supreme Infrastructure
3i India will pay $61 million for a minority stake in a portfolio of four road companies held by Supreme Infrastructure India (SIIL), a Mumbai-based infrastructure company. The private equity firm will take a 49% stake in SIIL's subsidiary Supreme Infrastructure...
CITIC PE teams up with Sany to acquire Putzmeister - Updated
Sany Heavy Industry, the Chinese construction-equipment maker, and CITIC Private Equity will acquire Putzmeister, a German manufacturer of high-tech concrete pumps, in one of the largest China outbound deals involving a local private equity firm. CITIC...
E&Y: India is world’s fourth most attractive FDI destination
India is the fourth most attractive investment destination globally, after the US, China and the UK, according to an Ernst & Young survey. Investors are drawn by the strong potential of the country’s domestic market, cost competitiveness and access...
FBI searches offices of firm linked to Chinese reverse takeovers
The Federal Bureau of Investigation has conducted a search of the offices of New York Global Group, a private equity investment and corporate advisory firm. New York Global, led by Benjamin Wey, helped Chinese companies go public in the US through reverse...
Sequoia invests $3.9m in Indian recharge portal
Indian E-commerce portal Freecharge.in has raised INR200million ($3.9million) in its series A round of funding from venture capital firm Sequoia Capital.
Lok Capital’s second fund closes at $65m
Mumbai-based venture capital Lok Capital has closed its second fund at $65 million, a social venture capital vehicle targeting microfinance providers directly as well as companies that support the microfinance ecosystem.
Hony’s Zhao: Foreign prejudice against Chinese investment is unfair
John Zhao, CEO of Hony Capital, told the gathering of the World Economic Forum (WEF) in Davos that foreign prejudice against Chinese investment is unfair, adding that the global community should recognize that many domestic firms are taking their first...
India Infoline raises a $100m real estate fund
India Infoline Venture Capital Fund, the venture capital arm of the India Infoline group(IIFL), has raised a INR5 billion ($100 million) real estate fund. It is the brokerage's first foray into the private equity business.
Tano’s second India fund reaches final close at $111m
Tano Capital, an Asia focused alternative asset management firm, has reached a final close of $111.3 million for its second India private equity fund, having originally targeted $150 million.
IFC considers investment in Indian SME-focused fund
International Finance Corp. (IFC), the World Bank’s investment arm, may invest up to $20 million in Pragati India Fund, a vehicle targeting small- and medium-sized enterprises (SMEs) in India’s low income states. The fund is aiming to raise $75-100...
Japan’s Unison Capital cuts fund due to limited deals - report
Japan’s Unison Capital has reportedly cut the size of its third fund by one quarter to JPY107 billion ($1.4 billion) due to limited deal flow.
John Tsang: Hong Kong as magnet for PE funds
Hong Kong has retained its status as a private equity hub, largely on the back of developments in mainland China, said Hong Kong's financial secretary John Tsang at an industry event.
TPG, GIC recues Li Ning with $119m convertible bonds
Hong Kong-listed Li Ning, the leading Chinese sportswear brand, announced on Thursday that it has sold RMB750 million ($119 million) in convertible bonds to TPG Capital and Government of Singapore Investment Corp. (GIC). This follows the company's disappointing...