Industry
TPG and CNinsure CEO makes MBO bid
TPG CAPITAL WILL PARTNER WITH THE CEO of CNinsure in an effort to takeover the NASDAQ-listed Chinese insurance intermediary, which is party owned by local fund CDH Holdings. The private equity firm and Yinan Hu has offered a bid that represent a 44% premium...
Private equity goes primetime in China
Stunning exits, robust investments and record fundraising is transforming China into private equity’s biggest opportunity
Rising pressures in Chinese private equity
IN THE PAST FEW YEARS, PRIVATE equity and venture capital firms have already established the industry as a credible source of financing for Chinese companies in need of capital. With the recent IPOs of Chinese entities, in particularly NASDAQ (that have...
Lone Star to takeover Tokyo Star Bank from Advantage Partners
Lone Star, the US private equity firm specializing in the distressed investments, will reportedly take ownership of Tokyo Star bank from Tokyo-based private equity firm Advantage Partners (AP) and once again become the bank’s largest shareholder, owning...
ADB invests $60 million in cleantech funds
The Asian Development Bank (ADB) will launch three venture capital funds targeting investments into cleantech developments, committing $20 million apiece to Aloe Environment Fund III, Keytone Ventures II and VenturEast Life Fund III for total of $60 million....
Archer Capital to launch fifth fund this year
Australian private equity leader, Archer Capital, is reportedly planning to raise A$ 1.2 billion ($1.27 billion) for a new fund towards the end of this year, according to Reuters.
TPG's Shriram Transport stake said to attract interest from Orix
Japanese financial services group Orix Corp. is the latest player to have reportedly set its sites on TPG’s share in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender, in a sale that could bring in more than INR30...
Elephant Capital invests in India's aviation engineering company
Elephant Capital has acquired a 4.8% stake in Air Works India Engineering Ltd. The AIM-listed company paid £2.45 million($3.93 million) for the stake. Elephant Capital's Mauritian subsidiary, Tusk Investments Fund 1 provided the capital except for £0.44...
Qiming closes Fund III at $450 Million
Qiming Venture Partners has announced that it has closed its Qiming Ventures Fund III vehicle at $450 million. The close will bring Qiming's assets under management exceed $1 billion dollars from its debut in 2006.
It's a private equity world out there
FOR MANY OF OUR READERS, THE WORDS ‘private equity’ may be most well associated with the business their company is conducting, private equity investing. Although that is true, private equity has grown to encompass a bigger meaning, especially in a world...
CITIC PE closes debut USD fund on $990m
CITIC PRIVATE EQUITY FUNDS Management (CITIC PE) has closed its debut US Dollar fund, CPEChina Fund, L.P., on $990 million of committed capital. The closing comes at a time when interest in China-focused funds, especially those denominated in RMB, are...
CVC ramps up focus on Filipino finance
CVC CAPITAL PARTNERS HAS MADE ITS first investment in the Philippines in more than a decade, taking a 15% stake in Rizal Commercial Banking Corporation (RCBC) – the market’s fifth-largest financial player by assets with aspirations of elevating its brand...
Khosla Ventures gets $15 million from Wipro chairman
Silicon Valley-based VC firm Khosla Ventures (KV) has received $15 million of funding from Azim Premji, the Chairman of Indian technology company Wipro, according to India’s Economic Times.
PE funds to bid for 20% stake in Vietcombank
The Vietnamese government has put 20% stake in Vietcombank on the block, and private equity players are invited to bid for this estimated $500 million piece of asset.
Archer Capital takes majority of V8 Supercars
Sydney-based PE firm Archer Capital will take a 60% stake in V8 Supercars Australia, through its investee Australian Motor Racing Partners.
Australian government boosts renewable energy focus
The Australian government has upped its backing of the country’s renewable energy category via A$100m ($106 million) investment into the Renewable Energy Venture Capital Fund (REVCF), allocated from the federal budget.
Navis no longer in line for Malaysian glove maker - reports
Navis Capital Partners has reportedly dropped its pursuit of Malaysian glove maker Latexx Partners Bhd. after parties were unable to meet on acquisition terms, according to Dow Jones.
Carlyle, TPG and Sumitomo Mitsui eye stake in Malaysian lender
Carlyle and TPG have reportedly teamed up to jointly bid for a 25% stake in Malaysia’s RHB Capital, and are said to face off against Japanese financial group Sumitomo Mitsui Banking Corporation to acquire the asset.
DCM, Sequoia give $50m to digital retailer
Leading venture capital firms Sequoia and DCM have jointly invested $50 million in Guangzhou-based online retailer VIPshop as part of a Series B round of funding.
Itochu Technology Ventures launches third, $66.7m fund
Itochu Technology Ventures, the tech-focused venture arm of Japanese trading conglomerate Itochu, has announced the first close of its third fund with a capital commitment of JPY5.4 billion ($66.7 million), equivalent to the fund’s final-target size....
mCapital goes on the hunt for distressed assets
MCAPITAL, THE NEWLY LAUNCHED FIRM led by former Merrill Lynch executive Mark Devonshire, has completed the $74 million first close of its mCapital European & Asian Special Situations Fund, coming more than two years after its fundraising process began....
Playing Asia's PE field
In a business where a small number of individuals make a big amount of impact, investors in Asian private equity are finding departures of senior dealmakers becoming more than a handful
Two more firms approved by Shanghai for QFLP program
First Eastern Investment Group and a joint venture between CLSA and Shanghai Guosheng have joined Blackstone, Carlyle and DT Capital as firms approved for Shanghai's QFLP program.
Milestone-backed jeans maker files for Chapter 11
Private-equity backed Bobson & Co., a Tokyo-based jeans maker, has filed for Chapter 11 with a debt of JPY734million ($9.1 million) as of Feb 2011.