Industry
SAIF-backed China Huiyuan said breaching loan terms
China Huiyuan Juice Group Ltd., the high-profile portfolio company of SAIF Partners has reportedly breached its loan covenants, leading to a suspension in trading of shares in the pure juice maker by Chinese regulators from September 10th-13th.
Axis Bank to complete exit from private equity fund
India's Axis Bank is about to complete its exit from its Axis Private Equity platform, pending the results of discussions with LPs in its INR600 crore ($130 million) fund, according to comments by Shikha Sharma, the bank's CEO.
CDC under scrutiny for Asia, other expenses
The UK's development policy investor Commonwealth Development Corporation (CDC), which participates in many Asia-focused funds, is under review by the UK International Development Secretary Andrew Mitchell, following press enquiries about its staff's...
Advent recruits former Thermax MD Kulkarni as advisor
International mid-market private equity investor Advent International has recruited Prakash Kulkarni, former MD of Thermax, India's leading boiler manufacturer, as an advisor in its operating partner program.
Acumen India director Sahni quits for healthcare with Global Impact
Varun Sahni, formerly India Director with US-headquartered international social venture fund Acumen, is now launching his own private equity vehicle, Global Impact Investors (GII), targeting to raise $100 million, with a focus on services in emerging...
SBI and Abu Dhabi to form Africa-focused fund
SBI Holdings Inc., a Japanese financial conglomerate with private equity and venture capital arms, and Invest AD, a subsidiary of the Abu Dhabi Investment Council, announced the formation of a new Africa-focused fund management company, with target regions...
China private equity shooting for world No.1?
The latest market data and market moves point to China’s inexorable rise to become the leading private equity market, as it is the leading economy, in Asia Pacific.
China reshapes the world?
China's rise to private equity superpower status is the subject of much comment in AVCJ lately and elsewhere; but one less immediately obvious implication is the prediction made by David Patrick Eich of Kirkland & Ellis, that “China will have a profound...
CIC may see functional restructuring
China Investment Corporation, the $300 billion SWF, may be in line for restructuring plans that could see it broken into up to three functional divisions targeting equity and strategic resources investments, according to reports.
VantagePoint launches Bohai VC fund
VantagePoint Venture Partners has become the latest fund to launch out of China's bustling Bohai Rim development zone, with the announcement of the Tianjin VantagePoint Hi-tech China FIVCE Fund, targeting RMB680 million ($100 million) for investment in...
Chengdu govenment forms RMB10 billion infra fund
Chengdu Longquanyi District Government, CDB Finance Co., Ltd. and China Development Bank's Sichuan Branch have signed a framework agreement to support a regional fund named CDB Sichuan (Longquanyi) Urban-Rural Coordinated Development Fund.
Chengde Deyuan Hunan High-Tech Venture fund launched for Hunan
Changde Deyuan Hunan High-Tech Venture Capital Co., Ltd. has launched a RMB160 million ($23.6 million) RMB VC fund in partnership with Changde Municipal People's Government, Hunan Deyuan Investment and Beijing Huahui Hengye Investment.
India to set up $11 billion energy infrastructure investment fund
The Indian government is on track to launch an INR500 billion ($11 billion) infrastructure fund to finance opportunities in the burgeoning domestic power industry.
South Korean SWF KIC to receive $5 billion of fresh capital
South Korean SWF the Korea Investment Corporation (KIC) is to receive up to $5 billion from public finances to add to its $35 billion of capital, and may look at more partnerships with other international SWFs, according to official statements.
Wang steps down from DB
Pying-Huan Wang, formerly a director at Deutsche Bank where she was leading investment management with oversight of the bank's PEG Group in Switzerland, has now quit the firm, with her future plans apparently including further asset management work in...
FLAG planted in Hong Kong
Stamford, Conn.-headquartered fund of funds FLAG Capital Management is opening a new office in Hong Kong - its first presence outside the US - to cover the Asia Pacific region.
Gary Stead of Shearwater Capital
Mezzanine’s role in Australia’s financing sector has grown in light of the economic crisis because, not only has it acted as an alternative to taking on senior debt – as banks became more stringent in their lending – but also to equity itself, says Gary...
HDFC, Ojas among Series B-round investors in Tyfone
HDFC, a division of India’s HDFC Bank which additionally counts Temasek Holdings as an investor, as well as Polaris Software Lab and Ojas Venture Partners, is set to inject $5 million into mobile payment firm Tyfone Inc. as part of a Series B round of...
Jinqiao launches first Inner Mongolian fund
Jinqiao Venture Capital Fund, a Chinese VC firm, has committed RMB60 million ($8.8 million) to a vehicle which is the first private equity fund in Inner Mongolia, targeting to raise up to RMB200 billion ($29.4 million).
Everstone focusing on corporates, not warehouses
Indian PE firm Everstone Capital is not on track to raise a new real estate fund focusing specifically on warehouses and logistics, industry sources say, contrary to earlier media reports.
Reliance Capital to take stake in Action Construction
Reliance Capital is reportedly set to take a 3.2% stake in Action Construction Equipment Ltd. though a preferential allotment.
Indian hospital operater Fortis considers listing real estate investment trust
Indian hospital operator Fortis Healthcare – which lost the months’ long battle for Singaporean hospital asset Parkway Holdings to Malaysian SWF Khazanah Nasional in July – is considering listing its hospital land and building assets in Singapore through...
China M&A: Leaps and bounds
Chinese M&A activity isn’t just recovering post-GFC.
Aureos invests $2.2 million in Thai data center provider
Emerging markets-focused Aureos South-East Asia Managers Ltd. has invested $2.2 million in Thai data center provider Unitrio Technology Co. Ltd. from its South East Asia Fund.