Regions
LP interview: New Zealand Superannuation Fund
New Zealand Superannuation Fund’s private equity program is only five years old but the fund is gearing up to make larger commitments to international managers. CIO Fiona Mackenzie explains the strategy
India secondaries: Plan B?
India’s PE industry is expected to see an increase in secondary deals as funds approach maturity and GPs look for alternatives to difficult public market exits. But is the talking translating into transactions?
India’s IL&FS, IDFC see 2.6x return on gas distributor exit
IDFC Private Equity, the Asian Development Bank (ADB) and a subsidiary of IL&FS Investment Managers have sold their stake in Central UP Gas (CUGL) in a strategic sale to Indraprastha Gas. The investment generated a gross IRR of 17% and a money multiple...
Asia travel search engine Wego gets $17m in Series C funding
Crescent Point has led a Series C round of funding worth $17 million for Wego, an Asia travel search engine. Victoria Capital and existing investor Tiger Global also participated.
ChrysCap exits Ahmednagar Forgings, buys Sequoia's Infotech stake
ChrysCapital Partners has exited Ahmednagar Forgings (AFL), a manufacturer of automotive components, for INR363 million ($6.07 million) through a series of bulk deals on the open market. The firm originally bought the stake for INR295 million in 2008.
Baird backs China children’s education platform
Baird Capital, the private investment arm of Robert W. Baird, has committed an undisclosed sum to Peter Winn, former China president at English First Professional (EF), to explore education sector investments in the country.
Japan's INCJ in cooperative talks with private equity
The government-backed Innovation Network Corporation of Japan (INCJ) has been in discussions with domestic and foreign private equity firms over joint investment strategies.
TA invests $25m in India-based data analytics provider
TA Associates has acquired a minority stake in Mumbai-based data analytics provider Fractal Analytics for $25 million. It is the latest in a string of investments in India’s big data space, driven by the synergies between existing business process outsourcing...
TIAA-CREF merges property business with Henderson to boost Asia exposure
TIAA-CREF has merged its real estate business with that of London-based manager Henderson Global Investors in order to broaden its global portfolio and gain better Asia exposure in particular.
Northern Lights, Nereus Capital bolster India clean energy
Nereus Capital has received $100 million in commitments from Northern Lights Capital Group and the US Agency for International Development (USAID) for its $250 million India Alternative Energy Fund (IAEF).
ChrysCapital-backed Intas Pharma files for IPO
ChrysCapital Partners will exit the 10.16% stake held by Fund III in Ahmedabad-based formulations maker Intas Pharmaceuticals via an upcoming IPO. Another 6.25% stake will continue to be held by the PE firm's fifth fund.
Macquarie commits $58m to Prime Focus World
Macquarie Capital has invested $53 million in Prime Focus World (PFW), the creative services division of India-headquartered entertainment company Prime Focus.
Apax reaches $7.5b final close on latest global fund
Apax Partners has reached a EUR5.8 billion ($7.5 billion) final close on its eighth global fund. The final close was reached within 15 months of the fund's launch, as planned, but still falls short of its initial target of EUR9 billion.
Investors commit $100m to another Rocket Internet Asia retail start-up
Southeast Asian online retailer Lazada has raised $100 million through a new round of funding led by Verlinvest, a Beglium-based investment firm set up by the founding families of Anheuser-Busch InBev. Existing investors Holtzbrinck Ventures, Kinnevik...
KKR-backed GenesisCare taps US debt markets
GenesisCare, a healthcare business controlled by KKR, has become the latest Australian PE-backed company to refinance its debt via the US high-yield market. A string of corporates are taking advantage of strong liquidity in the US leveraged market, where...
Tsinghua University investment arm makes buyout offer for Spreadtrum
Spreadtrum Communications, a Chinese mobile chip manufacturer backed by NEA, has received a buyout offer from a unit of Tsinghua Holdings, an investment entity controlled by Beijing-based Tsinghua University. The offer values Spreadtrum at $1.35 billion.
Quadria hires Rajesh Singhal to boost India coverage
Quadria Capital has appointed Rajesh Singhal as principal managing partner. He will take responsibility for the education and healthcare portfolio companies in India Build-Out Fund I, a vehicle acquired from Milestone Religare Investment Advisors three...
Tencent-Naspers JV ibibo buys India ticketing firm redBus
Delhi-based ibibo Group has acquired VC-backed Indian bus ticketing company redBus.in, allowing Helion Venture Partners, Inventus Capital Partners and Seedfund to exit their investment. Financial terms of the transaction were not disclosed.
No timetable for re-opening China IPOs – regulator
The China Securities Regulatory Council (CSRC) said it doesn’t have a timetable for resuming IPOs, in response to media reports on last Tuesday that new shares could be listed in July.
SEAVI Advent reaches $125m first close on Fund VI
SEAVI Advent Private Equity, the Asian arm of Advent International, has reached a first close of $125 million on its six fund - SEAVI Advent Equity Fund VI. Commitments came from high net worth individuals, corporate institutions and family offices, while...
J-Star promotes Satoru Arakawa to partner
Japanese mid-cap buyout firm J-Star has promoted Satoru Arakawa to the position of partner.
PE investor fails to oust Intrepid board over Indonesia mining dispute
Hong Kong-based PE firm Quantum Pacific Investment has failed in its attempt to remove the directors at Australia's Intrepid Mines after the company lost control of a key Indonesia mining asset.
Carlyle, Seven to retain ownership of Australia's Coates Hire
The Carlyle Group and Seven Group Holdings have decided against pursuing an exit from Australian equipment-leasing business Coates Hire following a strategic review. The co-owners said they remain fully committed to growing the business.
Korea’s Castling gets first LP commitment, targets fund-of-funds
Castling Investment Group, a start-up alternatives investment advisory firm based in South Korea, has received its first external LP commitment – totaling $80 million – from a local museum foundation. The capital will be placed into a separate account...