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Advent adds to China operating partner program
Advent International has appointed healthcare industry veteran Lincoln Chee to its operating partner program in China. He will advise the private equity firm in identifying investment opportunities in the space and in generating value in portfolio companies.
Indian GPs see opportunity amidst chaos - AVCJ Forum
Indian GPs expect the current vintage of country funds to enjoy a favorable investment climate as valuations moderate and competition for deals eases, even though they acknowledge that LP sentiment in many cases remains weak.
PAG eyes Southeast Asia, targets $1b in realizations - AVCJ Forum
PAG, a pan-Asian GP that has so far invested only in China, expects to break into the Southeast Asia market within the next year. Weijian Shan, the firm’s chairman and CEO, added that the team is also on course to realize in excess of $1 billion from...
Gobi backs China travel site Yododo
Gobi Partners has committed $4 million in Series A financing to Yododo.com, a Chinese hostel booking and travel site.
IDG backs spin-out of Phoenix New Media's apps division
IDG Capital Partners has agreed to support the spin-out of Hong Kong broadcaster Phoenix New Media's apps business as it looks to accelerate development in China.
Standard Chartered PE, Boyu invest in China dessert chain
Standard Chartered Private Equity (SCPE) and Boyu Capital have made a joint investment in China’s Multi Concepts Link Restaurant Management (MCL), which operates Chinese-style dessert cafés under the Honeymoon Dessert brand. Financial terms were not...
2013 AVCJ India Awards - last chance to vote
Voting for the 2013 AVCJ India Private Equity & Venture Capital Awards closes today - November 22.
Armstrong reaches $164m final close on SE Asia cleantech fund
Armstrong Asset Management has reached a final close of $164 million on its Southeast Asia Clean Energy Fund. With additional commitments coming from French development finance institution (DFI) Proparco and Geneva-based Unigestion, the fund was able...
Carlyle set for another partial exit from Japan's Chimney
The Carlyle Group is set to reap up to JPY14.3 billion ($145 million) through another partial exit from Japanese casual restaurant chain Chimney Corp, after agreeing to subscribe to a tender offer by liquor retailer Yamaya Corp. to acquire a 48.66% stake.
CIC to buy London business park from Blackstone - report
China Investment Corporation is in exclusive talks to acquire Chiswick Park - a 32-acre UK business park - from The Blackstone Group.
OTPP increases investment in Macau casino developer
Ontario Teachers’ Pension Plan (OTPP) has invested HK$299.9 million ($38.7 million) in Macau casino and hotel developer Louis XIII Holdings through a zero-coupon convertible bond issue. This is the Canadian pension plan’s second commitment to the...
Temasek, Hopu participate in $213m China dairy investment
Temasek Holdings, Hopu Investment Management and three other investors will buy a 13.24% stake in Yashili International from China Mengniu Dairy for HK$1.6 billion ($213 million). Mengniu – which bought a controlling stake in Yashili earlier this year...
Kedaara closes debut India fund at $540m, rupee vehicle to follow
Kedaara Capital, a private equity firm led by former Temasek India head Manish Kejriwal, has reached a final close on its debut fund at $540 million. A rupee-denominated fund, which will co-invest alongside the US dollar fund on a pro rata basis, is in...
Jiuding Capital reaches first close on latest RMB fund
China’s Jiuding Capital has reached a first close of RMB1 billion ($164 million) on its latest renminbi-denominated vehicle, which has a full target of up to RMB3 billion.
Xander-backed KidZania to invest $75m in India theme parks
An Indian franchisee of KidZania, a kids indoor theme park chain backed by Xander Group, is looking to open as many a five theme parks in the country, investing up to $75 million.
Blackpeak adds to Japan team
Blackpeak Group, an Asia-focused strategic advisor to corporate and investment clients, has appointed Kohtaro Miyagi as a senior consultant, based in Tokyo.
H&Q invests $90m Monster-owned JobKorea
H&Q Korea has agreed to buy a 49.9% interest in JobKorea, the South Korean operation of Monster Worldwide, for an aggregate purchase price of $90 million. Monster will retain management control of the business, with H&Q supporting regional expansion efforts.
KPMG's Australia PE head switches to Singapore role
Andrew Thompson, head of private equity at KPMG Australia, is relocating to Singapore where he will take up a Southeast Asia-focused position with the firm.
IDFC Alternatives buys stake in India commodities exchange
IDFC Alternatives has acquired a 5% stake in National Commodity and Derivatives Exchange (NCDEX), India’s largest agricultural commodity derivatives exchange, from Jaypee Financial Services for INR456 million ($7.3 million).
Exhilway to invest $1b in India via Global Opportunities Fund
Exhilway Global, a US-based hedge fund and emerging markets private equity GP, is looking to invest $1 billion in India as it prepares to launch its Exhilway Global Opportunities Fund (EGO) next month - targeting $2 billion.
Elephant Capital in Mahindra Forgings partial exit
Elephant Capital has sold nearly two-thirds of its 2.45% stake in Mahindra Forgings, an Indian forging manufacturer, to Spain's auto parts supplier CIE Automotive for INR141 million ($2.3 million).
Japan's Polaris exits Nippon Oil Pump to Wendel
Japanese buyout firm Polaris Capital Group has agreed to exit its entire share in Nippon Oil Pump Group (NOP) - a maker of hydraulic pumps and motors - to French listed investment group Wendel.
KIC president resigns
Korea Investment Corp’s (KIC) president and CEO, Chong-Suk Choi, has resigned for personal reasons.
CHAMP-owned Accolade to acquire NZ wine brands
Accolade Wines, a winemaker owned by Australia's CHAMP Private Equity, has agreed to acquire a portfolio of wine brands from New Zealand counterpart Mud House Wine Group.