Regions
Bayer buys Legend Capital-backed Dihon Pharma
Bayer has agreed to buy Dihon Pharmaceutical Group, a manufacturer of herbal traditional Chinese medicines (TCM). The acquisition facilitates the exit of Legend Capital, an investor in Dihon since 2010.
Australia's CHAMP PE names John Haddock CEO
CHAMP Private Equity has appointed John Haddock as its first CEO. He will assume responsibility for the Australian GP’s investment program together with day-to-day management of the firm, while continuing the deal origination and portfolio management...
China Everbright, Catalyst raise $100m for Israel Fund
China Everbright and Israel-based Catalyst Equity Management have reached a first close of $100 million on a private equity fund that will invest in Israeli companies.
Hong Kong promises to push forward with PE tax exemption
Hong Kong’s financial secretary, John Tsang, reaffirmed the government’s plans to extend the profits tax exemption for offshore funds to include private equity, promising to “take forward the legislative work as soon as possible.”
PE-invested mining services provider enters administration
The Anywhere Group (TAG), an Australian provider of temporary accommodation for the mining sector, has gone into administration owing Singapore-based PE firm Crest Capital Asia A$9.5 million ($8.4 million).
Creador raises Somany Ceramics investment to $10m
South and Southeast Asia-focused mid-market GP Creador has increased its investment in Indian tile maker Somany Ceramics to $10 million via a secondary market transaction.
EBay leads $134m round for Indian online marketplace Snapdeal
Indian online marketplace Snapdeal has raised a new round of funding worth $133.8 million led by eBay. It comes less than a year after the US e-commerce giant led a $50 million Series C round for the company.
SIG leads $10m round for China mobile voice search app
SIG has led a Series B round of funding worth nearly $10 million for Mobvoi, a voice-activated mobile search services provider. Sequoia Capital and ZhenFund, which provided the Series A round in 2012, also participated.
CalPERS CIO Joseph Dear dies following cancer battle
Joseph Dear, chief investment officer at the California Public Employees’ Retirement System (CalPERS), has died. Dear had been battling prostate cancer and last summer stepped back from his role to undergo treatment.
China to see PE fundraising rebound in 2014 – PwC
China is expected to see a significant rebound in private equity fundraising this year in response to the domestic IPO markets re-opening, according to PricewaterhouseCoopers(PwC). Meanwhile, renminbi-denominated fundraising will prevail as usual.
Scentan invests $75m in SaaS start-up Tradeshift
Tradeshift, a start-up which provides businesses with free payment management tools, has raised $75 million from Singapore-based Scentan Ventures.
Carlyle nears deal to buy Korea's Tyco unit - report
The Carlyle Group has been selected as preferred bidder for Tyco International's South Korean security systems unit - ADT Caps
Linkedin to enter China, launch JV with CBC, Sequoia
Linkedin, a social media site for professionals has established a joint venture with Sequoia China and China Broadband Capital Partners (CBC Capital) to expand into the China market.
China’s SPD Bank launches PE exit consultancy service
Shanghai Pudong Development Bank (SPD Bank) has launched consultancy service for private equity firms to exit from their investments.
Q&A: HarbourVest's Sebastiaan van den Berg
Sebastiaan van den Berg, managing director and head of Asia at HarbourVest Partners, discusses his expectations for Australian deal flow, best practice for IPO exits, and co-investment opportunities
Australia buyouts: Patience is a virtue
Due to a combination of factors, not least the revival in Australia’s public markets, mid-market private equity deal flow was slower in 2013 than previous years. GPs are waiting for conditions to become more opportune
The IT crowd: Australia embraces crowdfunding
Australia has embraced crowdfunding as a supplement to an early-stage traditional VC market that has yet to regain its former strength. Industry participants are seeking differentiation and deregulation
Australia distress: Sifting the strain
The low-hanging fruit created by the post-global financial crisis troubles of highly-leveraged Australian companies has mostly been picked. Distress investors are looking in smaller and less obvious places
Australian pension funds: Indecent disclosure?
The Australian government is expected to halt and wind back superannuation fund disclosure requirements that go beyond global norms. Industry participants are hopeful for the best, but mindful of the worst
Q&A: HESTA's Andrew Major & QIC's Marcus Simpson
Andrew Major, general manager for investments at HESTA and Marcus Simpson, head of global private equity at QIC, share their views on PE performance and where the best investment opportunities lie
That was then, this is now
From 2006 or thereabouts, Australia suddenly became the destination in Asia for GPs focused on leveraged buyout deals. In the space of 12 months, private equity investment in the country jumped from $2.5 billion to more than $16 billion.
EQT buys restructured I-Med from hedge fund owners
Australian radiology provider I-Med Network Radiology is being sold by its hedge fund owners to a consortium led by EQT Partners.
Baring Asia exits Indonesian aviation services provider
Baring Private Equity Asia has sold its 41.65% stake in air freight and passenger services provider Cardig Aero Services (CAS) to Singapore Airport Terminal Services (SATS) for IDR1.1 billion ($93.5 million). The PE firm invested approximately $41 million...
CDH pays $40m for 20% stake in China gold project
CDH Investments will acquire a 20% stake in Eastern Dragon project, a gold reserve base owned by Canadian miner Eldorado Gold Corporation, for $40 million in cash.