Industry

Regulatory uncertainty
Global directives and PE

Private equity investing can be thwarted, stalled or propelled into action in certain countries based on legal and tax structures. AVCJ looks at what may affect the industry in 2011.

Apax, iGate take Patni Computer for $1.22 billion

A private equity consortium comprising of Apax Partners and its investee iGate is to acquire a 63% stake in Mumbai-based IT services firm Patni Computer for $1.22 billion, news that comes one week after the finalized deal was initially supposed to be...

Carlyle divests China Pacific Insurance

Days after The Carlyle Group announced that it would sell $860 million worth of shares in China Pacific Insurance, the third-largest insurer in the PRC, the US buyout giant declared that it will offload an additional 415 million shares in the company,...

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...

KKR plans a $1.5 billion India-focused fund

PE major Kohlberg Kravis & Roberts (KKR) has reportedly begun the process of raising a $1.5 billion India-focused fund, with the firm’s founder Henry Kravis said to be in the country drumming up support for the vehicle.

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...

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...

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...

Japan’s SMBC forms new PE fund

Sumitomo Mitsui Banking Corporation (SMBC), one of the largest financial groups in Japan, has announced that it will be establishing a private equity investment management company alongside its affiliates Sumitomo Corporation, and The Sumitomo Trust &...

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...

Shenzhen's Citic Security boosts capital allocation in PE

Citic Securities Co., China's largest brokerage by assets, is set to invest RMB755 million ($114 million) into Citic Private Equity Funds Management Co., the investment arm of CITIC Securities, and RMB200 million ($30 million) into Citics Futures Co.,...

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