Region
PE firms well placed for China cross-border deals - AVCJ Forum
Interest in cross-border transactions among Chinese strategic players is increasing, and PE firms have a number of crucial advantages in these situations, industry players told the AVCJ Forum in Hong Kong.
Chinese GP BHR to buy stake in mining asset from Canada's Lundin
Chinese private equity firm BHR Partners has agreed to acquire a minority stake in Tenke Fungurme Mining, an Africa-based copper asset, from Canada-based Lundin Mining for $1.14 billion in cash.
Quadrant creates Australia experiential tourism platform
Quadrant Private Equity has made two further Australia tourism acquisitions, adding ferry and tour service Rottnest Express and cruise operator Cruise Whitsundays to a platform that already includes Great Southern Rail (GSR).
Investors weigh maneuvering options in response to global volatility – AVCJ Forum
Recent signs of global volatility have prompted PE investors to consider a divergence in business dynamics and economic trajectories between the US and Europe and Asia, industry participants told the AVCJ Forum.
China's CIC to step up overseas direct investments
Sovereign wealth fund China Investment Corporation (CIC) plans to accelerate the pace of its overseas direct investments, with a view to supporting Chinese economic modernization.
China VCs tell start-ups to focus on sustainability - AVCJ Forum
China VC investors are reminding portfolio companies to pursue profitability rather than sky-high paper valuations as the market continues to rationalize following an explosion of activity in recent years.
GPs see the Asia risk premium narrowing - AVCJ Forum
Private equity investors still expect a risk premium in Asia, although given uncertainty in Western markets and the relative stability in Asia’s more mature economies, it is debatable how long the status quo will last, industry participants told the AVCJ...
Long Hill reaches $125m final close on debut fund
Shanghai-based venture capital firm Long Hill Capital Management, a spin-out from New Enterprise Associates (NEA), has closed its debut fund at $125 million.
CHAMP-backed Accolade Wines acquires Australian competitor
Accolade Wines, an Australian wine producer owned by CHAMP Private Equity, has agreed to acquire domestic peer Fine Wine Partners from Japanese-owned food and beverage company Lion.
India's IL&FS closes latest fund at $60m
IL&FS Investment Managers (IIML), the private equity arm of India's Infrastructure Leasing and Financial Services, has reached a final close of $60 million on its latest growth fund.
Hony emphasizes its global ambitions
Hony Capital has reiterated its commitment to helping Chinese companies go global, in addition to supporting international firms that want to maximize their exposure to China – and the firm established a presence in Shenzhen to address these opportunities....
Macquarie Capital invests $10m in Korea's Yello Mobile
Korean mobile internet platform Yello Mobile has issued $10 million in convertible bonds to Macquarie Capital. The investment values the business at approximately $4 billion.
New Zealand's Movac reaches $74.5m first close on tech fund
New Zealand venture capital firm Movac has achieved a first close on its fourth technology-focused fund with NZ$105 million ($74.5 million) in commitments.
GIC invests $50m in India's Capital First
Singapore sovereign wealth fund GIC Private has invested INR3.4 billion ($50.3 million) in Capital First, an Indian non-banking financial company (NBFC) backed by Warburg Pincus.
Singapore's MC Payment gets $3.5m for SE Asia expansion
Singapore private equity firm 2W Group has led a $5 million ($3.5 million) funding round for domestic financial technology company MC Payment.
IFC proposes $25m investment in CompareAsiaGroup
The International Financial Corporation (IFC), the investment arm of the World Bank, has proposed an investment of up to $25 million in Hong Kong-based financial comparison platform CompareAsiaGroup.
IMM-backed consortium pays $2.1b for stake in Korea's Woori Bank
IMM Private Equity is one of seven investors that have acquired a combined 29.7% stake in Woori Bank, a Korean lender that has been under government control since 2001, for KRW2.4 trillion ($2.1 billion).
Asia's LP landscape
Asia is increasingly a target for private equity firms on the fundraising trail, but the region’s LP base can be difficult to penetrate, with huge variations in size, appetite and sophistication
Ex-Shoreline executives reform as ShoreVest, target China NPLs
ShoreVest Capital Partners is bidding on its first Chinese non-performing loan (NPL) portfolios since the core team members departed Shoreline Capital.
Singapore to ease regulations on start-ups as part of fintech push
Singapore is promising to provide venture capital firms with streamlined approval processes and tailored incentives as part of efforts to develop the fundraising landscape for local start-ups.
Hony invests $121m in Australian oil player Santos
Chinese private equity firm Hony Capital has re-upped in Australia-listed oil and gas supplier Santos for A$159.2 million ($120.8 million).
Eight Roads backs India's IFMR Capital
Eight Roads Ventures India has invested $25 million in Indian non-banking finance company (NBFC) IFMR Capital.
Japan's Future Venture Capital expands into US
Tokyo-listed VC firm Future Venture Capital (FVC) has entered the US market, establishing a presence in Fort Collins, Colorado.
Blackstone pulls out of SE Asia energy platform
The Blackstone Group has terminated an $800 million commitment to develop oil and gas assets in Southeast Asia with Malaysia-based Tamarind Energy.