North America
CalPERS PE data highlights MOR Asia
The California Public Employees Retirement System (CalPERS) has customarily acted as a bellwether for, and key influencer of, institutional support for private equity.
Samsung and Prodos Capital in US may take Gianfranco Ferré
South Korean conglomerate Samsung Group and American private equity firm Prodos Capital Management emerged as the final bidders for Italian fashion house Gianfranco Ferré, which has filed for bankruptcy protection, in a deal offering to buy out the firm...
NPS to invest in US real estate
South Korea’s National Pension Service has announced plans to allocate $300 million to investments in US property, with a focus on secondary buyouts of stakes in stressed private equity real estate funds.
PE backed SouFun hits top of range for NYSE IPO
SouFun Holdings Ltd, China's No. 2 online real estate website, has sold 2.9 million American Depositary Shares for $42.50 each, raising $124.7 million in its NYSE IPO, hitting the top end of the company’s expected price range of $40.50-42.50.
Macquarie acquires Presidio for Asia Pacific/US real estate synergy
Macquarie Group has announced the acquisition of Presidio Partners, a leading US real estate private equity investment and advisory firm, seeking to build links with its own, chiefly Asia Pacific, real estate platform.
VC-backed ChinaCache goes for NASDAQ IPO
Venture capital-backed ChinaCache International Holdings, which claims to be China's largest online content delivery service provider, has applied for an IPO on NASDAQ, promising a liquidity event for investors including Intel Capital and Qiming Venture...
Industry Q&A: Keith Larson, Intel Capital
Keith Larson, VP and MD for the Manufacturing Sector at Intel Capital, talks about how truly world-class technology, electronics and gadget companies are making Asia – all of Asia – the place to look for the next, best thing.
Oz Future Fund, two others invest $576 million in new UK capital lender
Australian sovereign wealth fund the Future Fund, as well as Lord Rothschild and UK buyout leader Apax Partner’s founder Sir Ronald Cohen have together invested EUR450 million ($576 million) in Haymarket Financial, known as HayFin, a new start-up specialist...
3G Capital gets Burger King
A US private equity firm, 3G Capital Management, has agreed to a $3.3 billion buyout of Burger King, with a $4 billion price tag including assumption of debt that will make it the largest LBO of a fast food chain in the world, with the buyer's big plans...
GSC Group files for Chapter 11
Asset management firm GSC Group Inc. has filed for bankruptcy.
Fed allows CIC to be second-largest foreign investor in Morgan Stanley
China Investment Corporation (CIC) has reportedly received the green light from the US Federal Reserve to take up to a 10% voting stake in Morgan Stanley, which would make the SWF the second-largest investor in the financial giant after Bank of Tokyo...
South Korea's NPS eyes US-based Colonial Pipeline
Korean SWF National Pension Service has emerged as a possible player to take a 23% stake in US pipeline operator Colonial Pipeline Company.
Hopu may bid for Potash
Hopu Investment Management may be contemplating participation in a bid for Canada's Potash Corp, currently opposing a $39 billion hostile takeover bid from BHP Billiton, according to reports.
China's Huaneng Group, Ontario Teachers eye GMR's US investee
US-based power utility InterGen NV., 50:50 owned by India’s GMR Infrastructure Ltd and Canadian LP Ontario Teachers’ Pension Plan, is in talks to divest half of the company to suitors, including China’s largest energy company China Huaneng Group as well...
VC-backed REVA lists in Oz
Venture capital-backed REVA Medical, a San Diego-based innovative medical device company, has raised $63 million from its initial public offering on the Australian Stock Exchange.
AMP launches infrastructure-focused operations in New York
Following news earlier this month that Australian-based AMP Capital Investors would expand its investment focus to include infrastructure, with the launch of a global fund, the group announced that it will bolster its overseas operations through the launch...
MakeMyTrip IPO sees strong result for VCs
VC-invested Indian travel company MakeMyTrip saw a 92% share hike on its first trading day on the NYSE, with stocks rising up to $26.81 from the $14 offer price in the best US IPO debut performance since late 2007.
Apax, General Atlantic to support SouFun float
European private equity major Apax Partners and US large-scale VC leader General Atlantic are to jointly underwrite the NYSE IPO of leading PRC real estate portal SouFun Holdings, 51% invested by Australian telecom incumbent Telstra Corp.
Intel, JPM investee Trony pulls IPO
Trony Solar Holdings, a Shenzhen-headquartered thin-film solar power module manufacturer invested by Intel Capital and JPMorgan Special Situations, has withdrawn its planned NYSE IPO.
CIC targets US realty assets, Indonesian resources
China Investment Corporation (CIC), China's $300 billion sovereign-wealth fund, is reportedly in advanced talks to acquire half a dozen US-focused real estate fund holdings from Harvard University's endowment, in a deal estimated at about $500 million....
Qiming invests $10 million in two life science companies
Qiming Venture Partners, the PRC-focused early and growth stage VC company, has invested a total of $10 million in two life science research service companies, Sangon Biotech in Shanghai and Bio Basic Inc. (BBI) in Toronto.
WuXi Pharma sees no exit via Charles River
VC-invested PRC pharmaceutical major WuXi PharmaTech saw its $1.6 billion sale to US peer Charles River Laboratories fail over opposition from major shareholders in Massachusetts-based Charles River, including Neuberger Berman and hedge fund Jana Partners....
New private equity regulation: industry crisis averted, or postponed?
For many months now, the private equity segment in the US – whose rules and norms still set the terms for industry practice in Asia Pacific as elsewhere – has been beset by creeping insecurity.
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).