Industry
Agnellis' Exor plans Asia private equity JV with Jardine, Rothschild
Exor SpA, the Italian industrial holding company controlled by the Agnelli family behind Fiat and other leading businesses, is planning a private equity joint venture with Jardine Matheson Holdings and private bank NM Rothschild & Sons, focusing primarily...
BanyanTree invests $14.9 million into Indian fastener manufacturing company
Mumbai-based BanyanTree Growth Capital has invested INR700 million ($14.9 million) for a minority stake in Deepak Fasteners, a manufacturer of industrial supplies such as nuts and bolts.
MVCA AGM appoints Hussain chair
The Malaysian Venture Capital & Private Equity Association (MVCA) has just held its AGM, electing its new executive and management committees, including Darawati Hussain, Head of CIMB Private Equity & Venture Capital, as chairman.
Asia, MENA SWFs set to take pre-IPO stakes in China's AgBank
Asian and Middle Eastern sovereign wealth funds may benefit from pre-IPO investments ahead of the Agricultural Bank of China’s intended listing on the Hong Kong and Shanghai stock exchanges.
Indian government may limit Temasek, GIC ICICI holdings
The Indian finance ministry and the Reserve Bank of India have lodged a query with the Securities & Exchange Board of India (SEBI) over a proposal that Temasek Holdings and the Government of Singapore Investment Corporation (GIC) should increase their...
Qiming launches RMB fund for biomedical investments
Chinese VC firm Qiming Venture Partners has launched an RMB250 million ($36.6 million) fund, focusing particularly on biomedical sector-related investments.
BMB Group acquires Contrarian for real estate
Asian investment and advisory firm the BMB Group,has acquired Paris-based Contrarian Capital Partners SA and its advisory subsidiary, Beacon Hospitality Partners S.A.R.L in Luxembourg, both of them specializing in real estate advisory services for Middle...
Tough year for CIC in 2010
China Investment Corp. has publicly said that it sustained 10% mark-to-market losses in May because of the declines in the US and European markets this year, adding that it sees the rest of the year as very challenging.
Caution: Lower returns ahead?
Recently, as astute readers will remember, the EMPEA/Coller Capital Emerging Markets Private Equity Survey showed great expectations among LPs in emerging markets private equity funds.
RockYou gets $10 million more from SoftBank
Social media content distributor RockYou has received $10 million in new funding from existing investor, Tokyo-based SoftBank, and has acquired a majority stake in its JV with SoftBank, RockYou Asia.
Temasek discusses Indian roads fund
Singapore SWF Temasek Holdings is in talks with Indian authorities to create a fund of up to $2 billion to finance opportunities in the Subcontinent's roads and transport sector, according to Kamal Nath, the country's Minister for Road Transport and Highways.
CLSA invests Norway with desalination company Aqualyng
CLSA Capital Partners has invested $8 million for a minority stake in Norwegian desalination company Aqualyng Holding, as part of the latter's efforts to raise $24 million of capital.
Ripplewood MDs form new buyout firm in NY
MDs Tony Lee and Scott Spielvogel have left Ripplewood Holdings, the New York-headquartered buyout firm noted for its pioneering Asian investments, to start a New York fund management business called One Rock.
HSBC PE to spin out
HSBC has announced that it is having internal discussions about the prospective spinning out of its private equity units, including HSBC Private Equity Asia and HSBC Asian Ventures, through a series of MBOs, following growing regulatory and financial...
SWF survey shows image shortfall
Sovereign wealth funds (SWFs), as well as private equity in general, may have a significant problem with acceptance even in some of the Asian markets most closely associated with them, according to a recent report, the Sovereign Brands Survey 2010, conducted...
Shan exits TPG for solo fund
Turnover at the top of TPG Capital in Hong Kong continues after the relocation of Dan Carroll, formerly Managing Partner with the firm in Hong Kong, to the West Coast.
Fund structure for infrastructure
Infrastructure is now broadly recognized as a global market, yet there are marked differences based on region and substantial variations in risk.
SBI plans to raise $533 million for VC funds
SBI Holdings, the Japanese financial services firm, plans to raise some JPY49 billion ($533 million) by issuing new shares to finance expansion of the venture capital business it has formed in partnership with regional players in China and other emerging...
Primus China Strategic Nan Shan bid triggers resignation
Raymond Or Ching-fai, CEO of China Strategic Holdings - the Hong Kong entity partnered with Primus Financial Holdings in the $2.15 billion joint bid for Nan Shan Life Insurance, the Taiwan unit of troubled US insurance giant AIG - has resigned from the...
HSBC private equity units could spin out
HSBC could be on the verge of spinning off its private equity units, including HSBC Private Equity Asia and HSBC Asian Ventures, through a series of MBOs, following growing regulatory and financial industry pressure for major banks to shed such capabilities.
CLSA RMB fund JV aims to start investing 3Q10
Hong Kong-headquartered brokerage firm CLSA's China asset management joint venture aims to close on RMB10 billion ($1.5 billion) for its new energy and new materials-focused fund, according to Shi Derong, chairman of state-owned Shanghai Guosheng Group...
Malaysia's CIMB Standard rebrands as CapAsia
Malaysian infrastructure-focused private equity firm CIMB Standard Strategic Asset Advisors has rebranded as CapAsia to help bolster its profile across key markets.
New Silk Route to control 80% of INX Media
India-focused growth capital firm New Silk Route (NSR) is poised to take 80% control of struggling INX Media - up from its current 20% - as part of a deal to buy out the stakes of two existing investors, Temasek Holdings and Kotak Private Equity.
Lee leaves DLA Piper for Cadwalader, Wickersham & Taft
Cadwalader, Wickersham & Taft LLP, an international law firm, has appointed Rocky Lee, a lawyer with special strengths in Asian private equity and venture capital, as Asia Managing Partner and Head of its Greater China Corporate Practice in the Corporate...