Industry
Azure Capital to raise $107 million for real estate fund
Azure Capital Advisors is reportedly hunting for INR500 crore ($107.1 million) for its India Realty Fund-1 focused on INR35-40 crore ($7.5-8.5 million) size investments into urban real estate projects in Southern and Western India.
New regulations in Europe: the perils of painting with a broad brush
While new alternative asset regulation in the US is more or less a done deal, the European attempt to accomplish the same remains stalled.
Sino-Murdoch media deal
China's second-largest media company, Shanghai Media Group (SMG) – backed by PE fund China Media Capital – is to purchase the controlling stakes of three News Corp. channels, paying Rupert Murdoch’s company an undisclosed amount for the assets. As part...
Baring may invest $15 million in Shilpa Medicare
Baring Private Equity Partners India is considering a reported INR70 crore ($15 million) investment in pharmaceuticals manufacturer Shilpa Medicare, weeks after news surfaced that Tano Capital had sold its stake in the company to earn 4.5x return on its...
Summer heat
The traditional quite midsummer seems to have been anything but. All kinds of things appear to have been happening through mid-August, as dealmakers and fundraisers brave the heat to keep the momentum going that has already left the last quarter looking...
SAIF invests $21.6 million for minority stake in Catmoss Retail
SAIF Partners has infused INR100 crore ($21.6 million) into Indian children’s clothing chain Catmoss Retail, taking a significant minority stake in the company worth an estimated INR500 crore ($106.9 million), according to local reports.
Subhkam invests in Nicheken Technologies
Subhkam Ventures’ debut India-focused fund, Subhkam Growth Fund I, has reportedly invested an undisclosed amount in electronics and telecommunications training firm Nicheken Technologies as part of the company’s first institutional round of funding.
Suzlon may sell 25% stake in REpower to PE players
Top Indian wind-power firm Suzlon Energy is reportedly in talks with private equity players including TPG Capital to sell a 25% stake in its REpower subsidiary in a deal that could fetch $500 million.
PE investors eye 10% stake in NICE toll way
India's Nandi Infrastructure Corridor Enterprises (NICE), a subsidiary of BF Utilities, is looking to sell a 10% stake in the first phase of its marquee project, the 164 km tollway between Bangalore and Mysore, to private equity investors for $100 million,...
3i may invest $200 million in India's GVK
3i may invest up to $200 million into Indian infrastructure giant GVK Group as part of the company’s efforts to raise $250 million, with Actis potentially fronting the remaining capital to fulfill GVK’s target, local media reports.
VenturEast takes minority stake in Orion Edutech
VenturEast has reportedly picked up a significant minority stake in BPO training company Orion Edutech, which is allocating the stake as part of a first round of funding that will be used to expand its operations in both India and overseas.
Microfinance firm Basix seeks $64 million from PE investors
India-focused Microfinance player Basix is reportedly set to approach private equity investors in an effort to raise as much as IND300 crore ($64 million) later this year, the largest target it has set out of its three previous rounds of financing.
Net4 India gets $1.7 million from Quilvest Group
Luxembourg Stock Exchange-listed PE firm Quilvest Group has infused INR8 crore ($1.7 million) in Net4 India Limited, a network and application services provider.
Inno Group refocuses Indian investments into in-house projects
Real estate and infrastructure-focused private equity firm Inno Group has shifted its investment strategy in India away from third-party investment in favor of its own development projects in the market in an effort to corral its risks.
AIG looks to SWFs, PE for AIA pre-IPO stakes
Still-troubled US insurance giant AIG has approached Temasek Holdings and other - chiefly MENA - SWFs, as well as private equity firms and Chinese institutions to offer pre-IPO stakes in its Asian subsidiary AIA, according to reports.
Olive Telecom to raise funding from PE investors
Indian mobile handset and netbook manufacturer Olive Telecom has reportedly turned to private equity investors to raise capital for a large-scale expansion push.
Piper Jaffray hires Teo for Hong Kong
US specialist investment banking and securities firm Piper Jaffray has announced the hire of KB Teo, previously with Goldman Sachs, as its new head of technology, media & telecommunications (TMT) and cleantech for Asia, based in Hong Kong.
Buchang Pharma gets $5 million from Navi Capital
Navi Capital reportedly invested $5 million in Shandong Buchang Pharmaceutical Co., Ltd. as part of a capital-raising process that included both foreign and domestic investors.
Sohu sells search engine Sogou stake to Alibaba, funds
China’s top e-commerce player Alibaba Group is to take a 16% stake in Sohu.com Inc.’s online search business Sogou as part of a deal that sees Alibaba and its Chairman Jack Ma, through a separate fund, buy preferred shares, while Sohu’s Chairman Charles...
Temasek may co-invest with HDFC in India's Embassy Property
Singaporean SWF Temasek Holdings, with HDFC Property Ventures, is reportedly in talks with Bangalore-based real estate company Embassy Property Developments Ltd. over a possible $100 million investment deal, coming ahead of Embassy’s anticipated IPO next...
Dhanuka Agritech to get $7.4 million from Lighthouse Funds
Lighthouse Funds is reportedly set to invest INR34 crore ($7.4 million) into publicly-listed Dhanuka Agritech, a producer of agricultural fertilizers, chemicals and seeds.
Al Salam opens Asia-focused MENA bank PE fund platform in Singapore
Al Salam Asia-Pacific, a subsidiary of Al Salam Bank-Bahrain, has opened in Singapore to focus on private equity investment in the region, with $500 million of the group’s capital already allocated for investment targeting deals of around $10-50 million...
Indian Angel Network to launch incubation center
India’s largest group of angel investors, Indian Angel Network Services, is set to launch an incubation center to assist an estimated 30 start-up ventures in its first year – a sizeable endeavor as the consortium has signed just 16 deals over the past...
China's Keytone Ventures seeks $300 million for second fund
Joe Zhou's much-watched VC firm Keytone Ventures is reportedly looking to raise $300 million for its second fund, coming one year after it raised $200 million for its debut fund.