North America
Kleiner, Sequoia, Walden-backed Auto Navi goes to NASDAQ
Sequoia Capital, Kleiner Perkins and Walden International investee AutoNavi Holdings Ltd., a provider of digital map content and navigation services in China, filed with US regulators on Wednesday to raise up to $100 million in an initial public offering...
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.
Morgan Stanley's Roach returns to New York
After three years as Hong Kong-based Asia Chairman of US investment bank Morgan Stanley, Stephen Roach, 64, the highly influential economist, will leave Asia, returning to the US to take a teaching role at the School of Management of Yale University with...
Nokia, BlueRun jointly invest $20 million in Ganji.com
PRC classified information website Ganji.com has secured $20 million joint investment from Nokia Growth Partners and BlueRun Ventures, to support its plans for the mobile sector.
JAFCO Asia plans fifth tech-focused fund
JAFCO Asia is targeting early 2011 to begin fundraising for its fifth fund totaling $150 million, according to reports.
CPPIB to boost exposure in Asia in 2010
North American LP the $120.8 billion Canada Pension Plan Investment Board (CPPIB) aims to boost its exposure in emerging markets this year, particularly in Asia, Mark Wiseman, CPPIB's EVP for investments has said publicly.
Asian SWFs ramp up in North American oil and gas
PRC petrochemicals major Sinopec’s $4.65 billion buy into Canadian heavy oil producer Syncrude, covered recently in AVCJ, had one extra salient feature.
S3 Investment launches Redwood Fund for China
OTC-quoted S3 Investment Company, a US investment banking and financial advisory firm seeking to tap the PRC market, has announced the launch of its Redwood Asia Fund, a growth capital private equity fund targeting opportunities in China and Mongolia....
Li Ka-shing fund, Infocomm, Skype founders invest Singapore's GuardTime
Hong Kong tycoon Li Ka-Shing's early stage Horizon Ventures fund, and Ambient Sound Investments, established by the four founding engineers of Skype Technologies, have joined in an $8 million Series A round for Singapore-based GuardTime Ltd., a data security...
Bain & Co.'s Park leaves Seoul for NYC
Business consulting firm Bain & Company has announced the transfer of Chul-Joon Park, the partner and global director hitherto leading its Asia Pacific Private Equity Practice from Seoul, to New York, where he will be working with the firm's private equity...
CIC, KIC to invest in Chesapeake
Leading Asian SWFs the China Investment Corporation (CIC) and the Korea Investment Corporation (KIC) are reportedly joining a $900 million investment into heavily indebted US natural gas and energy company Chesapeake Energy.
DCM invests in Softbank streaming JV
Softbank Corp., the Japanese mobile phone service provider and investment conglomerate, will establish a joint venture called Ustream Asia, with Ustream Holding, a US online movie distributor, in partnership with US venture capital firm DCM.
CIC invests Penn West oil sands
China Investment Corporation has continued the recent trend of PRC investment in Canada's northern oil sands regions, paying C$817 million ($801 million) for 45% of energy trust Penn West's Peace River project.
DCM, Walden-backed Dangdang seeks IPO by year end
VC-invested Chinese online shopping site Dangdang.com has appointed Credit Suisse and Morgan Stanley as advisors for a US IPO, expecting to list by year end.
Shinsei, Aozora call off bank merger
Shinsei Bank, 33% owned by US private equity group JC Flowers & Co., and Aozora Bank, 50.5% owned by Cerberus Capital Management, have called off their merger plan, due to many outstanding differences over business operations.
Goodman and CPPIB launch joint fund
Goodman Group, Australia's largest industrial property trust, and the Canada Pension Plan Investment Board (CPPIB) announced the formation of a joint Australia-focused fund with with a target gross asset value of around A$400 million ($350 million).
VC-backed Jinko Solar disappoints at IPO
VC-backed Chinese solar company Jinko Solar Holding Co. Ltd., could not raise its expected target from its IPO on the New York Stock Exchange; selling 5.84 million American Depositary Shares for $11, the bottom of an expected price range up to $13,and...
CIC takes 45% of Canada's crude oil trust
Canada's Penn West Energy Trust has formed a joint venture with a wholly owned unit of China Investment Corporation (CIC) to develop the trust's bitumen assets in the Peace River area of Northern Alberta.
HarbourVest buys up Saudi stake in funds
According to reports, HarbourVest Partners has purchased Saudi conglomerate Saad Group’s stake in up to 30 private equity funds.
Summit Partners to open India office in 2011
Boston-based Summit Partners has just announced that it will open an office in the country in 2011.
Sinopec stakes its claim
Large PRC oil companies have been quietly taking ever-bigger positions in heavy oil businesses in Canada’s oil-rich Alberta province for some time.
Advantage restructures US investee GST Autoleather
Advantage Partners, a Tokyo-based private equity firm, has reportedly restructured the balance sheet of its investee company GST Autoleather Inc. in a series of moves since September 2009, making three voluntary debt repayments totaling $39.2 million....
Temasek, Hopu invest Chesapeake Energy
Singapore SWF Temasek Holdings and multi-strategy regional firm Hopu Investment Management are making a joint $600 million investment in Chesapeake Energy Corp., a major US developer of natural gas and oil resources.
Ex CalPERS Buenrostro, Villalobos sued for fraud
Former California Public Employees' Retirement System (CalPERS) CEO Federico Buenrostro Jr. and former CalPERS board member Alfred Villalobos have been sued by California State Attorney General Edmund Brown on fraud charges, including alleged attempted...