North America
China's Hongye commits $100m to California's Singpoli Capital
China's Hongye International Investment Group has committed a $100 million in private equity to California-based firm Singpoli Capital to develop green energy, biochemistry, media, high-tech and real estate construction projects.
Temasek sets up dedicated LNG investment unit
Temasek Holdings has set up an investment unit dedicated to liquefied natural gas (LNG) assets. The move comes as the Singaporean sovereign wealth fund seeks to increase its energy exposure – as also evidenced through recent PE investments – in recognition...
OTPP private capital unit realizes $5b, reinvests $3b in 2012
Teachers’ Private Capital (TPC), the private equity fund and direct investment arm of Ontario Teachers’ Pension Plan (OTPP), saw $5 billion in gross realizations and $3 billion in reinvestments in 2012, with 13 new direct deals and 12 commitments...
New Silk Route’s Rajat Gupta sues co-founder
Rajat Gupta, the former Goldman Sachs director who was convicted last year of insider trading, is taking legal action against his co-founder of private equity firm New Silk Route (NSR), claiming breach of contract.
Australia's QIC reveals stake in US retailer
Australian investment manager QIC has disclosed its ownership of a stake in online plus-size retailer OneStopPlus through its private equity unit.
Hony supports $505m take-private of Simcere Pharmaceutical
Hony Capital is backing a $505 million management buyout of Chinese drug developer Simcere Pharmaceutical Group. It takes the number of take-private deals involving US-listed Chinese companies to 13, according to AVCJ Research.
Brookfield among suitors for CapitaLand's Australand - report
Canadian private equity firm Brookfield Asset Management is said to be among several investors targeting real estate developer Australand Property Group.
KPCB, IDG-Accel invest $10m in China's EntreMed
KPCB China and IDG-Accel China have agreed to invest $10.7 million in EntreMed, a clinical-stage pharma company that develops drugs in the US and China for global release.
CapitalAsia backs Canadian copper miner
CapitalAsia has agreed to invest $1.2 million in Toronto-listed copper miner Cadillac Ventures via the Sino-Canada Natural Resources Fund.
Australia’s Pacific Road in Canadian resources deal – report
Australian private equity firm Pacific Road Capital Partners is investing A$10 million ($10.2 million) in coal mining firm CoalMont to fund its mining project in Canada.
RRJ, Blackstone boost holding in Cheniere Energy
RRJ Capital and GSO Capital, The Blackstone Group’s credit arm, have bought the bulk of $372 million in shares issued by Cheniere Energy Partners, a limited partnership that controls America’s fire liquefied natural gas (LNG) export plant.
Deloitte sued over US-listed ChinaCast Education
Deloitte is being sued by a group of US investors over its auditing role at ChinaCast Education Corp. The Chinese company, which was backed by VC investors in its early years, went public in the US via a reverse merger in 2007 but has since been de-listed.
Virginia pension fund backs Fortress’ Japan distress vehicle
Virginia Retirement System (VRS) has committed to $50 million to Fortress Investment Group’s Japan Opportunity Fund II, a distress-focused vehicle that closed last December at its hard cap of JPY130 billion ($1.65 billion).
Australia’s AMP Capital invests $100m in US wind energy project
AMP Capital has injected $100 million in Capistrano Wind Partners, a large-scale wind energy project developer in North America, alongside a consortium of infrastructure investors. AMP made the commitment on behalf of a large Australian superannuation...
Zhongpin delays take-private deal, drops go-shop provision
Zhongpin, the NASDAQ-listed Chinese pork producer that is subject to a PE-backed management buyout bid, has amended the deal to allow more time for completion and prevent directors from sourcing competing offers. The valuation of $502 million is unchanged.
Canada’s OMERS targets Australia
Ontario Municipal Employees’ Retirement System (OMERS), one of Canada’s big three pension funds, plans to increase its exposure to Australia through investments in infrastructure and natural resources.
Australia’s Hastings adds to North America team
Australian infrastructure investor Hastings Funds Management has appointed Irene Mavroyannis as executive director with responsibility for business development in the US and Canada. She will join the existing investment team in New York.
3SBio board agrees to CITIC PE-backed buyout
The board of NASDAQ-listed Chinese biotechnology firm 3SBio has agreed to a privatization bid tabled by Jing Lou, its CEO, and CITIC Private Equity. The deal values the company at $340 million.
New York State Teachers shuffles PE, real estate heads
New York State Teachers’ Retirement System (NYSTRS) has appointed John Virtanen as managing director for private equity. He moves over from the system’s property portfolio, which will now be overseen by David Gillan.
SFERS hires New York State Common’s Art Wang
San Francisco Employees’ Retirement System (SFERS) has appointed Art Wang as managing director for private markets, with responsibility for private equity, real estate and real assets. He joins from New York State Common Retirement Fund (NYSCRF) where...
PSERS to invest in Morgan Stanley PE Asia’s fourth fund
Morgan Stanley Private Equity Asia (MSPEA) has received a commitment of up to $100 million for its fourth fund from Pennsylvania Public School Employees’ Retirement System (PSERS). The pension system previously invested in global funds launched by Morgan...
Summit Partners to invest $25m in The Iconic
Summit Partners is expected to invest $25 million into Australian fashion online retailer, The Iconic.
Samsung Ventures invests in Fixmo
Samusung Venture Investment Corp, the venture capital unit of Samsung Group, has invested in Canada's Fixmo, a mobile security solutions firm. Details of the transaction were not disclosed.
Temasek not interested in Silver Lake’s Dell deal – report
Temasek Holdings is apparently not interested in joining a Silver Lake-led consortium that is looking to privatize Dell. Media reports have claimed that the Singapore sovereign wealth fund is one of a number of potential investment partners Silver Lake...