Industry
Japan's SBI and US Jeffries will form two joint funds
SBI Holding Inc., the Tokyo-based financial group, has reached a final agreement with Jefferies Group Inc, a global securities and investment banking group headquartered in the US, to form two new investment funds: the Jefferies-SBI USA Fund and SBI-Jefferies...
Regulators in a friendly mood?
Private equity in Asia Pacific has long had an ambivalent relationship with regulators and the region’s governments in general.
Shanghai Financial fund makes largest PRC close at $1.62 billion
Shanghai Financial Industry Investment Fund, the financial services-focused private equity vehicle backed by China International Capital Corp. and Shanghai International Group, has held a first close of RMB11 billion ($1.62 billion), mostly from PRC SOEs...
VEIL concerns see Vietnam market drop
Vietnam-focused investor Dragon Capital saw the country's benchmark fall sharply in late June over rumors that its Vietnam Enterprise Investment Limited Fund, a vehicle listed in Ireland, might be dissolved after legal action by one of its key shareholders,...
Japan's New Horizon expects $560 million for second fund
New Horizon Capital, a Tokyo-based private equity firm, plans to raise up to JPY50 billion ($560 million) for its second fund, also saying that it expects a first closing in 3Q10 of around JPY12 billion ($135 million).
China's Rong Qin aims to raise $736 million
Beijing-based PE fund Rong Qin aims to launch a new fundraising initiative to bolster its capital by RMB5 billion ($736 million) over the next two years, adding to the RMB3 billion ($441.4 million) it currently manages.
Cleantech Q&A: Capital Dynamics
David Scaysbrook, founder of Novera Energy, and now MD of the new Clean Energy and Infrastructure team at $21 billion asset management firm Capital Dynamics, talks about the group’s new direct investment focus on the cleantech space.
Financial investors in financial services
Financial services deals put Asia Pacific private equity on the map worldwide.
Aladdin, investor consortium to buy Pepper Homeloans
A consortium of investors, including private equity firm Aladdin Capital, have bought out Australian mortgage lender and service provider Pepper Homeloans for A$20 million ($17.5 million), a figure that reportedly leaves current owners Merrill Lynch and...
Telopea launches from Oz for regional PE, real estate, advisory
Telopea Capital Partners has opened in Sydney, Beijing and Hong Kong, seeking to make direct private equity and real estate investments with a new fund, as well as offering advisory services across the region.
StanChart expands leverage support
Standard Chartered Bank has added four new team members to its leverage finance unit for Northeast Asia, based in Hong Kong, following an increase in opportunities in the region.
Origo takes 10.5% stake in PRC recycling company
Origo Partners will invest up to $6.65 million to acquire a 10.5% stake in Mainland recycling company Jinan Eco-Energy Technology for $3 million, marking its third investment in the region since launching its $30 million fund focusing on China's mining,...
Avigo closes third fund at $240 million
Delhi-based Avigo Capital Partners has closed its Avigo SME Fund III at $240 million, to be committed to investments into mid-market firms, according to reports.
Calello gains i-bank chair at Credit Suisse
Paul Calello, star investment banker at Credit Suisse in Asia Pacific from 2002 to 2007, has been appointed chairman of Credit Suisse investment bank worldwide, vacating his previous global i-bank CEO role.
Singaporean, PRC firms launch RMB media fund
Sky Films Capital, a Singapore-based PE firm, and China-focused SND Ventures Group have co-launched a RMB1 billion ($147 million) fund to finance PRC businesses related to the media, digital, film and television industry.
SAIF increases stake in One97
SAIF Partners has taken an additional 10% stake in Indian mobile-services firm One97 Communications ahead of its IPO, bringing its full investment in the company to around $20 million for a 41% stake, according to reports.
ICICI exits Metropolis Healthcare after Warburg Pincus investment
ICICI Venture is to fully divest from India’s Metropolis Healthcare Ltd., following Warburg Pincus’s move to inject $85 million into the laboratories chain.
TPG to invest Vishal Retail to slash debt, raise funds
TPG Capital is set to link with Indian superstore chain owner Vishal Retail in an anticipated move aiming to raise funds to slash Vishal’s accrued IND7.35-billion ($158.7 million) debt.
AgBank announces IPO prices in Hong Kong
Ahead of its intended IPO later this year, the Agricultural Bank of China (AgBank) announced that it looks to sell 25.4 billion of its shares in Hong Kong for HK$2.88-3.48 ($0.37-0.45) apiece in hopes of raising $13 billion in the SAR.
DCM invests $4 million into PapayaMobile
VC firm DCM has given Beijing- and Silicon Valley-based mobile social networking and gaming firm PapayaMobile $4 million in funding, to grow the service’s user base and the company’s management team.
Greylock, Battery invest $8.75 million in India's Taggle Internet Ventures
Bangalore-based Taggle Internet Ventures has received $8.75 million in joint funding from tech-focused Silicon Valley VC firms Greylock Partners and Battery Ventures, in an effort to heighten its tech and marketing initiatives as well as increase its...
TPG/AA JAL deal still flying?
TPG Capital and American Airlines' plan for a $1.4 billion turnaround investment in Japan Airlines (JAL), seemingly stalled, has received fresh impetus with JAL making a formal application for anti-trust clearance to Japanese regulators, so as to proceed...
Consortium to invest $279.5 million into Tangshan Jidong Cement
A consortium of investors including Singapore's GIC, New Horizon, and US multi-strategy firm Siguler Guff,plans to invest more than RMB1.9 billion ($279.5 million) into Tangshan Jidong Cement Co., a PRC cement business, to take a 10% stake in the Shenzhen-listed...
HSBC recruits Hsu as head of leveraged finance
HSBC Holdings plc has appointed Lyndon Hsu, formerly with Credit Suisse Group, as head of leveraged and acquisition finance for Asia Pacific, joining after 14 years at the Swiss bank.