Regions
Hony to set up China film fund with Shanghai Media Group
Hony Capital will team up with SMG Pictures to launch a joint film and television fund worth a reported RMB3 billion ($489 million).
CIC's head of PE sees opportunities in Europe
The challenging fundraising environment means it is a good time to target private markets, and Europe in particular, according to the head of China Investment Corporation's (CIC) private equity investment department.
Providence Equity loses Asia MD - report
The head of Providence Equity Partners' Hong Kong office, Patrick Corso, has reportedly resigned. It is the fourth senior departure from the firm's Asian operation since it was established in 2007.
Orix, Perigon to make partial exits from Air Asia X via IPO
Orix Corp. and Perigon Advisory will make partial exits from regional budget carrier AirAsia's long-haul subsidiary through an IPO that is targeting up to $370 million.
PAG agrees $150m investment in Chinese property developer
PAG’s absolute returns division will invest in China-focused shopping mall operator Zall Development Group through a $100 million convertible bond issue, with the option to subscribe to a further $50 million worth of bonds. Assuming full conversion,...
Morgan Stanley-backed Hyundai Rotem gets green light for IPO
Hyundai Rotem, a South Korean railway vehicle manufacturer backed by Morgan Stanley Private Equity Asia (MSPEA), has received approval to list on the Korea Stock Exchange. It will likely be the country’s largest share offering so far this year and the...
Oaktree Cap invests $20m Indian pharma packager
Oaktree Capital Management has bought a 60% stake in Cogent Glass for around INR1.2 billion ($20.6 million). As part of the deal, Cogent has signed an agreement with Oaktree portfolio company SGD for technology sharing as well as marketing and management...
Safety first: Investing in China's food supply chain
Driven by rising disposable incomes and lower confidence in food safety, Chinese consumers are willing to pay a premium for quality. PE firms have identified the opportunity, but taking it can be difficult
CapVent taps into Indian water market
Access to potable water is limited in India with groundwater in one-third of the country’s 600 districts tainted by high levels of fluoride, iron, salinity and arsenic. Meanwhile, tap water is mostly undrinkable.
Navis plugs into Southeast Asia energy demand
Southeast Asia's hunger for energy cannot be overstated. Of the region’s 600 million inhabitants, a staggering 160 million live without electricity. According to a report published last year by the National University of Singapore’s Energy Studies...
Angels say SE Asia ripe for 500 Durians
Dave McClure, Silicon Valley super angel and founding partner of 500 Startups, was on the road in Asia once again this month as part of his firm’s “Geeks on a Plane” (GOAP) tour. While this was not the first time the tech-focused venture capital...
Portfolio: India Value Fund Advisors and Meru Cabs
When India Value Fund Advisors launched Meru Cabs in Mumbai, it created a radio taxi service where none existed. Meru has overcome numerous difficulties to become the largest taxi company of its kind in India
China e-commerce logistics: The missing link
China’s fragmented logistics industry is a problem for e-commerce companies as they attempt to provide customers with a better quality service. Should they build competencies in house? Should PE help them?
China IPOs: Different this time
There are signs that the China listings logjam is gradually becoming unstuck, sowing seeds of hope for PE equity and VC investors fielding awkward questions from LPs about liquidity horizons. But markets are unlikely to bounce back to their former highs...
DEG invests $12m in Indian hospital chain
German Investment and Development (DEG), a development finance institution, has invested INR700 million ($12 million) in the Ivy Healthcare Group which runs a chain of super specialty hospitals in the north Indian state of Punjab.
Apollo exits Welspun Maxsteel stake to promoter
Apollo Global Management has sold a 12.5% stake in India’s Welspun Maxsteel Limited (WMSL) to parent company Welspun Corp at a 30% discount to the fair market value. It’s the second part of a larger INR22.5 billion ($502.9 million at the time) deal...
PE investors move to liquidate Ambow, call for CEO to resign
New York-listed Chinese tutoring and training services provider Ambow Education Holding could face a winding up order after a court appointed liquidators to assume control of the company. Avenue Capital, Ambow’s largest institutional shareholder, instigated...
Japan's Marubeni scales back deal for PE-owned Gavilon
Marubeni has scaled back its offer for General Atlantic-owned US grain trader Gavilon by $1 billion after cutting the company's energy trading arm out of the deal.
Quadrant-backed Virtus Health jumps 9% on ASX debut
Shares in Virtus Health, an Australian in-vitro fertilization company backed by Quadrant Private Equity, closed up 9% at A$6.20 on its first day of trading on the Australian Securities Exchange. The IPO had been priced at the top end of the indicative...
CVC hires Korea specialist Charles Huh from Standard Chartered
Charles Huh has joined CVC Capital Partners as a senior managing director responsible for South Korea after spending nine years at Standard Chartered Private Equity (SCPE).
Saratoga vehicle raises $151m in IPO, will invest with institutional fund
A vehicle containing legacy assets that predate Saratoga Capital’s institutional funds has raised $151 million through an IPO in Indonesia. Saratoga Investama Sedaya (SIS), which is controlled by the private equity firm’s founders, Sandiaga Uno and...
Qualcomm leads Series C for Chinese online English education start-up
Qualcomm Ventures has led a Series C round of funding for Shanghai-based online education company Alo7. The capital commitment is believed to be up to $10 million.
Mandarin Capital-backed Chinese credit rating JV to operate in Europe
Dagong Europe Credit Rating, a joint venture between Beijing-based Dagong Global Credit Rating and Mandarin Capital Partners, has won approval from the European Securities and Markets Authority (ESMA) to operate in Europe. It will become the first Chinese...
Taiwan scores poorly on attracting PE – white paper
Taiwan’s government promised to revise rules on foreign investment and facilitate the inflow of private equity capital after a report issued by the American Chamber of Commerce in Taipei (AmCham) delivered a stinging criticism of the domestic investment...