Industry
NZ Super fuels SMEs via Waterman
Private equity firm Waterman Capital, which is raising a new NZ$75 million ($53 million) fund to invest in Kiwi small businesses with a NAV of between NZ$10-50 million ($7-35 million), has been buoyed by New Zealand Superannuation Fund’s plans to inject...
CIC-AES JV out of wind
PRC SWF the China Investment Corporation (CIC) has jointly announced with $14 billion Virginia-headquartered global power giant AES Corp. that their non-binding letter of intent for CIC to take a 35% stake in AES Wind Generation expired at the end of...
Former CVCI MD Srinivasan seeks $400 million for India fund
Former MD of Citigroup Venture Capital International’s (CVCI) India operations, PR Srinivasan – who departed the company earlier this year - is set to raise between $350 million and $400 million for a domestic market-focused fund.
Infinity launches RMB fund for Chengdu
Tel Aviv-headquartered Infinity I-China Fund has launched the latest in its series of RMB-denominated fund partnerships with PRC cities, an RMB200 million ($29.5 million) vehicle floated with the city of Chengdu in Sichuan.
Nexus invests $1.5 million into India's MagicRooms
Nexus Venture Partners has invested INR7 crore ($1.5 million) in Indian hotel room distribution database MagicRooms Solutions.
Secondaries show Asia's maturity?
Secondary fund transaction volumes are one indicator of the scale and maturity of a region’s private equity industry.
Chinatrust still in Primus Nan Shan process
A spokesperson for Taiwanese financial group Chinatrust Financial Holding, announced that the company still seeks a 30% stake in Nan Shan Life Insurance, the local unit of American International Group, currently the subject of a delayed $2.15 billion...
CIC may drop bank stability mandate
The China Investment Corporation (CIC), the PRC's $298 billion sovereign wealth fund, may relinquish its position as holding company for China's stake majority positions in its leading banks and other financial institutions, and guarantor of financial...
3i continues buyout wind-down in India
In light of 3i Group’s decision to pare down its buyout arm in Asia – folding its Singapore-led buyout team into its regional growth capital platform and transferring responsibility for Asian buyouts to its global buyout team – 3i India is merging its...
Asia Pacific distress still pays off
Given the financial journal headlines and relentless LP interest reinforcing the notion that Asia is booming, one might well wonder what distress opportunities remain in the region.
Japan: Spring after a long winter?
After a long winter, private equity activity in Japan is slowly but surely showing signs of recovery. In particular, mid-cap acquisitions by private equity players are reviving deal flow.
Korean government delays Woori sale
The Korean government has delayed the public announcement of its privatization plans for Woori Financial Group, owner of No. 3 Korean lender Woori Bank, likely looking to increase the value of the sale.
Private equity dodges US regulatory bullets?
A couple of much-anticipated US regulatory developments for private equity that were definitely calculated to affect the industry in Asia Pacific, and indeed, worldwide, appear to either have closed, or be on the point of closing, with relatively positive...
Zhou joins LGT in Hong Kong
LGT Capital Partners has recruited Brooke Zhou as an Associate Vice President in its private equity investment team, based in Hong Kong, where she will focus on primary and secondary fund investments, as well as co-investments.
Iwakaze Capital seeks $200 million for second fund
Iwakaze Capital, a Japanese SME-focused buyout firm, is looking to raise $200 million for its second fund, following its maiden fund, which closed at $23 million.
Affinity exits Loscam - to China Merchants
Affinity Equity Partners has finally exited its Australian pallet business Loscam – to PRC strategic player China Merchants Group, rather than China Merchants investee China International Marine Containers (CIMC), as initial reports suggested.
KIC seeks diversity, targets PE
Chin Young Wook, CEO of the Korea Investment Corporation (KIC), Korea's $30 billion sovereign wealth fund, has said publicly that the SWF will seek greater investment in private equity and real estate, as well as contemplating direct investments through...
Adams Street recruits Soo from GIC SI
Leading fund of funds and private equity investment management group Adams Street Partners has recruited Yar-Ping Soo, previously Head of Asia/Emerging Markets at Singapore's GIC Special Investments (GIC SI), as Partner with its investment team.
Sequoia Capital invests in education-management firm in India
Sequoia Capital India, in tandem with Song Investment Advisors, has injected $15 million into Hyderabad-based K-12 Techno Services Pvt Ltd, an education-management firm owned by Gowtham Educational Institutions, one of the largest private educational...
CITIC Capital aims for $340 million for second Japan fund
CITIC Capital Partners, investment arm of CITIC Group, China's largest financial conglomerate, is aiming to raise as much as JPY30 billion ($340 million) for its second fund, CITIC Capital Japan Partners II, focusing on the Japan market.
CHAMP buys ATF Services from Quadrant
In the region's latest secondary buyout - actually a tertiary transaction - Australia's CHAMP Private Equity has purchased ATF Services, a maker of temporary fence and height-safety products, from Sydney-based Quadrant Private Equity for an undisclosed...
Olympus Capital commits $300 million to Tata Power
Olympus Capital Holdings Asia is to buy stakes in Tata Power’s coal special purpose vehicles (SPVs) Bhira Investment Ltd. and Bhivpuri Investment Ltd. for $300 million – capital that will be allocated to fund the Indian power producer’s future acquisitions...
Blackstone gets RMB fund backing from Shanghai Ace
The Blackstone Group will receive RMB300 million ($44.1 million) for its renminbi-denominated fund, The Blackstone Zhonghua Development Investment Fund, from listed Shanghai Ace Co., a Shanghai-based investment firm.
Carlyle invests $190 million in SGX-listed China Fishery
The Carlyle Group is to invest up to $190 million in industrial fishing company China Fishery, taking a 13.6% stake in the SGX-listed company to help it drive expansion and strategic acquisitions or JVs in the fishing industry.