Regions
AMP Capital reaches first close on second infra debt fund
AMP Capital has reached a first close of more than $300 million on its latest infrastructure debt fund. The vehicle has a full target of around $1 billion, roughly twice the size of its predecessor, which closed to new investors in June of last year.
Taiwan GPs: Cross-strait strategies
Taiwanese GPs are looking for investments in the higher growth markets of mainland China. But how do they differentiate themselves from Chinese private equity firms chasing similar deals?
Tech giants and VC: When the chips are down
Taiwan has a long history as a tech manufacturing powerhouse, but with the decline of the PC times have changed. Can the wavering tech giants re-invest themselves and what can VC do to help?
Lloyds sells Australia loan portfolio to Bain credit affiliate
Bain Capital credit affiliate Sankaty Advisors has agreed to pay Lloyds Banking Group A$371 million ($335 million) for loans held by BOS International Australia. It is the latest in a series of divestments from the BOS loan portfolio after KKR and Allegro...
Taiwan buyouts: Back from the brink?
After a spike in buyouts in the mid-2000s, Taiwan sank from view due to private equity firms’ concerns about unpredictable deal approvals. Regulators are now trying to tempt them back with promises of reforms
Foreign PE in Taiwan: Engagement issues
Taiwan has a lot to offer private equity: it is one of relatively few classic buyout markets in Asia, with control positions, the ability to put in new management, and banks that are willing leveraged lenders. Japan and Australia are the only markets...
MBK Partners to buy ING Life Korea for $1.65b
North Asia buyout firm MBK Partners has agreed to buy ING Group’s South Korean life insurance division for approximately KRW1.84 trillion ($1.65 billion) as the Dutch insurer continued its Asia divestment plan. ING will retain a 10% stake in the business...
TPG takes 23% stake in India’s Shriram City Union NBFC
TPG Capital has acquired a direct 22.65% stake in Shriram City Union Finance (SCUF) following a restructuring of the non-bank financing company’s (NBFC) holding vehicles.
TPG to invest $108.6m in China Xinyuan Real Estate
TPG Capital plans to invest $108.6 million in Xinyuan Real Estate, a US-listed Chinese property developer, by subscribing to a combination of convertible notes and common shares.
Alvarez & Marsal appoints Asia forensic, disputes services head
Alvarez & Marsal (A&M), performance improvement, turnaround and business advisory services provider, has appointed Keith Williamson as Asia leader of its global forensic and dispute business in Hong Kong and China.
Fuji Startup Ventures backs Japanese classifieds site
Fuji Startup Ventures (FSV), the VC investment arm of Japanese national TV network Fuji Terebi, has invested JPY50 million ($500,000) in classifieds website JMTY.com - pronounced "Jimoti."
Baird Capital invests in China's Kedu Healthcare
Baird Capital, the private investment arm of Robert W. Baird & Co, has invested in Kedu Healthcare, one of China's largest independent medical equipment service providers.
Baring Asia to take majority stake in India’s Hexaware, General Atlantic exits
Baring Private Equity Asia will acquire a 41.8% holding in Hexaware Technologies, an IT and business process outsourcing services firm, from the founders and General Atlantic (GA) for up to INR16.87 billion ($261.9 million). It will then have to make...
American Capital exits Miami flight school to Japan's ANA for $79m
American Capital has exited its majority stake in the Miami-based Pan Am International Flight Academy to Japan's All Nippon Airways (ANA) for $79 million, claiming a compound annual rate of return of 16% over the lifetime of the investment.
Indian insurers win approval to invest in domestic PE, debt funds
Indian insurers have received the green light to invest in domestic private equity and debt funds regulated under the alternative investment fund (AIF) program introduced last year. It follows a decision in March to allow life and general insurance companies...
Australia announces new $225m biotech venture capital fund
The Australian government will contribute A$125 million ($112.6 million) to the A$250 million Medical Research Innovation Fund (MRIF), with the private sector to make up the other half.
SAIF Partners, Telescope hold first close on China retail growth fund
SAIF Partners and China Telescope Investments have reached a first close of RMB300 million ($49 million) on their China retail growth fund. The vehicle - Telescope Consumer Growth Fund I – will support the development of retail and consumer products,...
INCJ leads $11m investment in Japan blood biotech venture
The Innovation Network Corporation of Japan (INCJ) has led a JPY1.16 billion ($11.7 million) investment in Megakaryon Corp, which is developing technology to produce blood platelets using reprogrammed stem cells.
China AMTT Digital receives $6.5m Series B round
Beijing-based AMTT Digital Services Group, a hotel digital services provider, has received RMB40 million ($6.5 million) in Series B funding from China Merchants Capital and Shenzhen Green Pine Capital.
KKR, Bain to enter final bidding for Panasonic healthcare unit - report
KKR, Toshiba Corp. and a consortium including Bain Capital, Mitsui & Co. and Development Bank of Japan are expected to participate in the final round of bidding for Panasonic’s healthcare unit.
Quadrant takes majority stake in Australian pet food supplier
Quadrant Private Equity has bought a majority stake in Australian pet food retailer City Farmers for A$93 million ($84 million).
China mobile gaming payment firm secures Series B round
Bertelsmann Asia Investment (BAI) has participated in a Series B round of funding for Mo9, a Chinese online game and virtual products credit payment service provider, which also counts Sequoia Capital among its investors. The size of the round was not...
Australia's Catalyst exits EziBuy to Woolworths for $274m
Catalyst Investment Managers has exited Australia and New Zealand apparel and homeware retailer EziBuy to Woolworths for NZ$350 million ($274 million). The PE firm bought a 43% stake in EziBuy six years ago for an enterprise valuation of NZ$200 million,...
Future Ventures in talks to sell Indian apparel stake to GA – report
Future Ventures India is reportedly in talks with General Atlantic to sell its minority stake in apparel maker AND Designs India for around INR1.5 billion ($23 million)