Industry
TPG's Newbridge Asia to sell $1.16 billion of Ping An shares
TPG Capital’s legacy fund Newbridge Asia is reportedly preparing to sell $1.16 billion worth of shares in Ping An Insurance Group Co. of China, coming as the insurer – the world’s second-largest – looks to streamline the integration of its holding...
Fed allows CIC to be second-largest foreign investor in Morgan Stanley
China Investment Corporation (CIC) has reportedly received the green light from the US Federal Reserve to take up to a 10% voting stake in Morgan Stanley, which would make the SWF the second-largest investor in the financial giant after Bank of Tokyo...
DBJ's mezzanine financing supports K Tech's MBO
The Development Bank of Japan (DBJ) has thrown its support behind the management of K Technology Corporation in its endeavor to launch an MBO - a move that would see Japanese PE firm Risa Partners part ways with its asset.
Aavishkaar makes partial exit in microfinance holdings, refocuses on social enterprises
VC firm Aavishkaar Venture Management has partially exited its stake in its microfinance and micro-venture capital funds, coming as the firm looks to refocus its operations on social-enterprise targets in the coming years.
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Why the EU loves Asian private equity
Spring Capital debuts $250 million fund
Hong Kong-headquartered Spring Capital Asia has closed its $250 million maiden fund, a vehicle to be focused on early-growth investments in low- to mid-market companies.
Milestone Capital's JVs invest in CARE
Milestone Capital has invested INR75 crore ($17 million) in Indian credit-rating agency Credit Analysis & Research Ltd (CARE) via two of its joint ventures, the Milestone Religare Investment Advisors and Capstone Investment Advisors.
GOME spat with founder continues
In the latest development in the ongoing feud between Bain Capital investee HKSE-listed GOME Electrical Appliances Holding Ltd. and its disgraced and imprisoned founder Huang Guangyu, Huang has apparently sought to terminate procurement and management...
GBS Venture, CM Capital invest in Pathway Therapeutics
New Zealand pharmaceuticals developer Pathway Therapeutics has sparked a private equity round of Series A Funding following its announcement that it is near to marketing a new breast cancer drug.
Shanghai Minfu forms PRC/Taiwan/Japan billion fund
Shanghai Minfu Equity Investment Management Co., a JV founded by Shanghai International Group Asset Management, a Shanghai city government-related financial institution, Uni-President Group, Taiwan’s largest food manufacturing and logistics company,...
Reliance Capital appoints Kela as Chief Investment Strategies
Indian financial group Reliance Capital Ltd. has appointed Reliance Mutual Fund’s Head of Equities Madhusudan Kela as its Chief Investment Strategist, charged with expanding the company’s equities and private equity investments business and developing...
China's new investment policy opens PE to insurers
China’s Insurance Regulatory Commission (CIRC) has announced a temporary measure on the use of insurance capital which will allow insurance companies to make direct investment in private companies, as well as private equity funds, for the first time.
CPPIB Intoll deal rolling for $3.01 billion
Canada Pension Plan Investment Board (CPPIB) has received a formal recommendation from the board of Australian toll road player Intoll Group for its A$3.4 billion ($3.01 billion) privatization offer, a 2.5% increase on its original bid price in mid-July.
China's banking regulator looks at banks' PE operations
The China Banking Regulatory Commission (CBRC) reportedly held a meeting with local lenders to gather information on their private equity business, in order to check on internal controls over their activities in the segment.
Taiwan's FSC eases cross-Strait banking, VC rules
Taiwan's regulator, the Financial Supervisory Commission (FSC), has approved new rules for local financial firms to hold controlling stakes in finance leasing or venture capital companies in China.
Frontline Strategy to launch $150 million fund, its third
PE firm Frontline Strategy is to launch its $150 million Clove Route Fund – its third mid-market vehicle – focused on $10-15 million growth capital investments across sectors in India.
Vriti Infocom gets $5 million from JAFCO, Intel
JAFCO Asia has led a $5 million Series B round of funding into Indian e-learning and exam-preparation company Vriti Infocom, with existing investor Intel Capital also participating.
Norwest, Xander Group take stake in Sadbhav Infrastructure
PE players Norwest Venture Partners and The Xander Group have taken a more than 22% stake in road- and highway-development focused Sadbhav Infrastructure Project Ltd., forking over INR200 crore ($42.7 million) apiece for their control.
Back to School
Investment into Asia Pacific's education sector, at a glance, appears to be a promising play. Key emerging markets’ GDPs are on the rise, as are levels of disposable household income and consequently a willingness to invest in education. Many of these...
Muthoot raises $9.2 million from Kotak as part of second funding round
One month after Indian non-bank financial company Muthoot raised INR157 crore ($33.6 million) from Baring Private Equity Partners India and Matrix Partners India as part of its first institutional funding round, the company has now garnered an additional...
Bain sets conversion of GOME shares
Controversial Bain Capital investee GOME Electrical Appliances Holdings has revealed that Bain will exercise its convertible bond stake in the company before a special meeting scheduled for September 28, giving it a 10% effective position.
TPG announces Chongqing RMB fund
Following yesterday's announcement by TPG Capital of the formal launch of a Shanghai-domiciled RMB fund, the firm has now announced a similarly sized RMB5 billion ($735.5 million) RMB vehicle in Chongqing, in partnership with the Chongqing Municipal...
SIDBI to close third fund at $214 million
Mumbai-based SIDBI Venture Capital is set to close its INR1,000 crore ($214 million) VC fund, its third, which comes in at twice as large as its predecessor, according to local reports.
Gaw Capital raises $373 million for third Asia real estate fund
Gaw Capital, the Hong Kong-based private equity real estate investor, has successfully raised $373.5 million for its third real estate fund, Gateway Capital Real Estate Fund III.