Industry
CIC sees $41.66 billion net profit, denies Central Huijin spinout
China Investment Corp, the country's leading SWF, reportedly increased its net profit last year to $41.66 billion, up from $23.1 billion in 2008, 11.7% of it made from offshore investments.
SAIF Partners buys 22.98% stake in Huiyuan Juice Group from Danone
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group, for approximately $260 million, more than one year after the Chinese government foiled Coca-Cola Co.’s bid to acquire Huiyuan for $2.4 billion.
JS Pakistan fund gets OPIC backing
JS Private Equity Fund II, the fund launched by Pakistan's JS Private Equity that targets $150 million, has received a $50 million commitment from US policy investor the Overseas Private Investment Corporation (OPIC).
Kotak PE to take minority stake in India's Diamond Power
Kotak Private Equity may take up to 10% in Indian power transmission and services company Diamond Power Infrastructure Ltd. for an undisclosed amount.
Partners Group gets $100 million KIC real estate mandate
Korea Investment Corporation, the SWF that manages some $27 billion of assets for the Korean government and the Bank of Korea, has mandated around $100 million to Swiss-based private equity firm Partners Group to seek investment opportunities in the private...
Soros seeks Dubai's BSE stake
Soros Fund Management, the investment vehicle of iconic investor George Soros, is looking to buy the 3.92% stake in the Bombay Stock Exchange held by Dubai Holdings, for around $40 million, according to reports.
Angel Broking seeks PE capital
Indian stock broking and wealth management firm Angel Broking has reportedly approached private equity firms to raise $64 million through the sale of a minority stake.
CIC sells $138 million Morgan Stanley shares, seeks hires
China Investment Corporation (CIC), China's leading SWF, sold $138.5 million worth of Morgan Stanley shares last week, according to a filing with the US SEC, as it seeks to recruit up to 64 new personnel.
CDC to invest $30 million in India's Multiples
UK government-owned CDC Group, which supports economic development across India, has committed $30 million to Multiples Private Equity Fund I, the vehicle focused on investments across the country’s business sectors launched by former ICICI Venture...
Limited Partner Q&A: International Finance Corporation
AVCJ’s Brian McLeod talks to David Wilton, CIO of the Private Equity and Investment Funds Department at the International Finance Corporation, the private finance arm of the World Bank
It's a wrap
In the course of several unrelated discussions on secondaries last week, I was reminded of one of the more curious byways of private equity fund investment: the wrap.
JPMorgan's Southeast Asia, India PE head Panandiker exits
MD of JPMorgan's private equity division in Southeast Asia and India, Vibhav Panandiker, has quit the bank a year and a half after assuming his role.
Haldia Coke gets $26.6. million from Gaja Capital Partners
Mumbai-based PE firm Gaja Capital Partners has invested INR125 crore ($26.6 million) into Haldia Coke & Chemicals Pte. Ltd., a producer of metallurgical coke, with the aim of expanding its mining, metallurgical coke and power-production operations.
The dynamics of secondaries
Once-owned LP positions for Asia Pacific and elsewhere
Khazanah wins Parkway
Malaysian SWF Khazanah Nasional has reportedly won the battle with Fortis Healthcare for control of Singapore hospital asset Parkway Holdings, after the latter opted to sell its entire 25.37% stake to Khazanah, as the SWF launched a $2.56 billion general...
IDG RMB fund gets NSSF backing
China's National Social Security Fund (NSSF) has agreed to invest around RMB1.2 billion ($177 million) in IDG Capital Partners' Harmony Growth Fund, an RMB-denominated fund which targets to raise RMB3.5 billion ($516 million).
Korea's IBK plans to launch SME-focused fund
The Industrial Bank of Korea, a South Korean government-owned lender, plans to form a private equity fund intended to help restructure local SMEs, with its launch slated for the second half of this year.
BofA secondaries may go to Asia
Bank of America Corp. is seeking to sell up to $1.2 billion of secondary positions in Warburg Pincus funds, with the China Investment Corporation (CIC) cited as one of the most likely buyers, according to reports.
White & Case hires Olier in Singapore
Former PE- and M&A-focused solicitor at Clifford Chance Jonathan Olier has joined law firm White & Case LLP in its Global Mergers & Acquisitions Practice as Counsel in Singapore.
BanyanTree closes $100 million maiden fund
Mumbai-based fund manager BanyanTree Capital Advisors has closed its BanyanTree Growth Capital fund, reportedly the company’s maiden vehicle, at $100 million, according to some reports.
Unitas, OTPP ready NZ Yellow Pages for sale
Offering up the asset that launched NZ's much-praised "yellow tree house" ad campaign, regional buyout firm Unitas Capital and its co-investor Ontario Teachers Private Capital have kicked off the exit process from boom-era Antipodean telecoms investment...
BofA ML gets Killingback in Oz
Former head of retail and consumer investment banking for Deutsche Bank Asia David Killingback has reportedly joined Bank of America Merrill Lynch as its Head of Mergers & Acquisitions in Australia.
Evolvence launches second India f-o-f
Evolvence Capital, the Dubai-headquartered MENA and India investment group, is launching its second fund of funds and third India fund, the Evolvence India Fund II, targeting $400 million.
DCM raises $500 for 6th fund, launches RMB vehicle, promotes Honda in Japan
DCM, the Silicon Valley-headquartered VC firm, has raised $400 million for DCM Fund VI, which focuses on investing early stage technology companies in the US, China and Japan.