Industry
Maneesh Pharmaceuticals nears deal with PE firms
Mumbai-based Maneesh Pharmaceuticals is finalizing talks with private equity firms in an effort to raise INR100 crore ($21.7 million) to INR125 crore ($27.1 million), according to reports.
IFC invests Attero Recycling as part of $8.3 million financing round
The World Bank’s International Finance Corporation (IFC) has participated in an $8.3 million round of funding for Indian e-waste recycling corporation Attero Recycling.
Portfolio Advisors now open in Hong Kong
Portfolio Advisors, a leading Connecticut-headquartered private equity investment advisory and portfolio management firm, has recently opened a new office in Hong Kong, its first Asian presence, under director Jonathan English.
Japan's INCJ launching new VC funds
Innovation Network Corporation of Japan (INCJ), the government-owned fund, plans to launch intellectual property venture funds with special focuses including biotech, slating the end of this year.
Sonoma Management seeks $100 million for second fund
Pune-based Sonoma Management Partners (SMP) is to embark on a $100 million fundraising for its second vehicle, the India Buyout Fund II, dedicated to small-to-mid cap buyout targets in India’s technology sector.
CPPIB Intoll discussions ongoing
Canada Pension Plan Investment Board is still in discussion with Australian ASX-listed toll road player Intoll Group over its $3.44 billion privatization offer, according to a statement from the target.
Amit Chandra of Bain Capital
Amit Chandra, Managing Director of Bain Capital India, discusses why India tends to be over-built in its private equity industry and what that means for both short-term and long-term investments.
Equipsuper's Strachan to also manage Vision Super before merger
Chief Investment Officer of Australian superfund Equipsuper Michael Strachan is set to extend his leadership role to Vision Super, also a Victoria-based superfund, that will be merged with Equipsuper beginning in November, according to reports.
China's Fujian province forms Taiwan-linked fund
Huifu Industrial Investment Fund Management Co., Ltd., the first cross-Straits industrial investment fund to be established in China, has been launched in Fuzhou with a target size of between RMB2-5billion ($295-738 million) in its first phase.
Aureos invests $4.16 million in Malaysia's TF Wholesale
The Aureos Malaysia Fund has made its third major investment since its 2007 launch, infusing $4.16 million in retail hypermarket chain TF Wholesale and Distribution Sdn Bhd.
CIC targets US realty assets, Indonesian resources
China Investment Corporation (CIC), China's $300 billion sovereign-wealth fund, is reportedly in advanced talks to acquire half a dozen US-focused real estate fund holdings from Harvard University's endowment, in a deal estimated at about $500 million....
India's Apollo Hospitals seeks private equity investment
Apollo Hospitals is looking to garner additional funding from private equity investors to the tune of INR3,000 crore in an effort to expand its reach in India, with the company’s Chairman suggesting that a partnership with Malaysian sovereign wealth fund...
Mizuho, Tata Capital form India-focused fund
Japanese brokerage Mizuho Securities will foray into India’s private equity industry in partnership with Tata Capital, a unit of diversified Indian conglomerate Tata Group, forming a joint fund with an expected size of $400-500 million.
Asian Lion invests Mindoro Resources,
Mining-focused PE fund Asian Lion has upped its stake in mineral explorer Mindoro Resources from 7.52% to 7.84% after purchasing more than 1.9 million shares.
Taiwan studies SWF plan
The Taiwanese government has set up a consultation process on plans for a potential sovereign wealth fund to manage some of the island economy's substantial state holdings, according to reports.
Everstone Capital makes $250 million first close of second fund
Indian PE firm Everstone Capital has raised $250 million in the first close of its Indivision India Partners II, its second private equity fund, marking the approximate half-way point towards its $550 million target before the end of the year, according...
New private equity regulation: industry crisis averted, or postponed?
For many months now, the private equity segment in the US – whose rules and norms still set the terms for industry practice in Asia Pacific as elsewhere – has been beset by creeping insecurity.
CDH IV final close at $1.46 billion
CDH Fund IV, the China-focused private equity fund regarded by many as a bell-wether for capital-raising exercises for the PRC, has closed at $1.46 billion, according to information given to AVCJ.
SPECIAL ANNOUNCEMENT: Shanghai International Private Equity Forum
AVCJ has joined the Shanghai Private Equity Association, CEIBS Lujiazui International Finance Research Center, Shanghai Huangpu District Peoples Government, and the Institute of Finance and Banking of the Chinese Academy of Social Sciences as a co-organizer...
Singapore's MDA and Gobi Partners to launch $74 million fund
China-based VC firm Gobi Partners has signed a deal with Singapore’s Media Development Authority (MDA) to launch a S$100 million ($74 million) Singapore-based fund aimed at encouraging domestic digital media companies set up shop in the Mainland market....
Japan's SBI boosts PE investments in Brazil
SBI Holdings, Inc., the Japanese financial group operating in various segments, including private equity and venture capital, said that it has agreed with Jardim Botânico Investimentos (JBI), a Brazilian asset management company, to jointly form a fund...
Indian retailers aim to raise $100 million for new fund
A group of Indian retailers are set to launch a $100 million food-and-agriculture-focused private equity fund, titled I-Farm Venture Advisors, targeting suppliers and small- and mid-sized firms.
IFC may take 20% of microfinance firm Ananya
Indian microfinance firm Ananya Finance For Inclusive Growth is looking to raise $32 million in an effort to grow its operations, and may receive nearly 30% of that target from the World Bank’s International Financial Corporation (IFC), according to local...
Summer daze
AVCJ is taking a well-earned break, but astute readers will already have noticed that summer is a’coming in on anything but a quiet note.