Region
China value-add: Empty promises?
Pulled by a desire to buy and build or pushed by a need to address restricted exit options, PE firms in China are placing greater emphasis on operational value-add. LPs must decide who’s all talk and who is action
Internal tensions
Henpecked husband versus nagging wives - this was the description attached to the china GP-LP relationship in a recent paper. It makes one think of the times fund managers have remarked on getting phone calls from some of their, erm, keener fund-of-funds...
Q&A: CDH Investments' Shangzhi Wu
CDH Investments is one of China’s longest-standing private equity operators. Shangzhi Wu, chairman and managing partner of the firm, reflects on how the investment environment has evolved
Korea Teachers Pension Fund appoints new CIO
Korea Teachers Pension Fund (KTPF) has named Park Min Ho as its new CIO, replacing Yun Kyu Lee who is leaving the group. Park was previously head of investment strategy at KTPF.
KKR exits Australia's Seven West Media
KKR has exited its stake in Australia’s Seven West Media via the public market, raising around A$265 million ($260 million). The private equity firm invested in what was then Seven Media Group in 2006 at the height of the buyout boom, before merging with...
Japan restructuring opportunities on the rise – PE survey
Japan is expected to emerge as a hotspot for restructuring over the next 12 months as domestic industries consolidate and foreign multinationals reassess their activities in a weak and demographically challenged consumer market. South Korea and Japan...
Sequoia leads $5m investment in Indian energy drink maker
Sequoia Capital, Catamaran Investment and FootPrint Ventures have put $8 million (INR 440 million) into Hector Beverages, owners of energy drink brand Tzinga.
Blackstone tables $660m take-private bid for China's Pactera
The Blackstone Group has joined the flood of private equity firms targeting China take-privates, backing a management buyout of US-listed tech outsourcing firm Pactera Technology International. It takes the number of private equity-supported transactions...
Quantum seeks to reclaim Intrepid Indonesian mine asset
Quantum Pacific Investment, the third-biggest shareholder in Australia's Intrepid Mines, is looking to recover some of the explorer's stake in a key Indonesian asset as it brings in a new leadership team.
Goldman completes exit from ICBC
Goldman Sachs has sold its remaining stake in Industrial & Commercial Bank of China (ICBC), the nation's largest lender, for around $1.1 billion - seven years after its first investment.
China's SAFE sets up in New York, targets PE – report
China’s State Administration of Foreign Exchange (SAFE), which overseas $3.2 trillion in foreign currency reserves, is said to set up a New York operation to invest in private equity, real estate and other US assets. The move is seen as part of the country's...
Tata Capital to buy minority stakes in Tata Sky, infra assets
Tata Capital’s Tata Opportunities Fund (TOF) is in the process of buying minority stakes in direct-to-home (DTH) TV provider Tata Sky and TRIL Roads.
Nalanda Capital invests $4.8m in Indian bearings manufacturer
Singapore-based private equity firm Nalanda Capital has invested INR270 million ($4.8 million) in NRB Bearings. The Nalanda India Equity Fund bought 7.7 million shares of the company at INR35 apiece on the National Stock Exchange, for a 7.96% stake.
India Value Fund-backed Manipal invests in Ankur Healthcare
India Value Fund-backed Manipal Health Enterprises has committed INR400 million ($7.27 million) to Ankur Healthcare, which specializes in infertility treatment.
Australia's Quadrant exits Virtus Health, Summerset
Quadrant Private Equity has exited its investment in fertility services provider Virtus Health via a A$339 million ($330 million) IPO, while making another partial exit from retirement village chain Summerset.
Macquarie exits Taiwan Broadband as IPO raises $1.1b
Two funds run by Macquarie have exited Broadband Communications after the Taiwan pay-TV operator’s holding company raised S$1.39 billion ($1.1 billion) through an IPO. The offering by Asian Pay Television Trust (APTT) – of which Broadband Communications...
Cerberus extends tender for Seibu shares
Cerberus Capital Management is to extend the deadline to buy more shares in Japan's Seibu Holdings until May 31. The US private equity firm, already the largest shareholder in Seibu with a 32.44% stake, has been trying to boost its holding to 44.7% through...
IFC to invest $17m in India's Parag Milk Foods
Indian dairy company Parag Milk Foods is set to receive $17 million from International Finance Corporation (IFC). The capital will be used to expand milk processing projects in the regions of Manchar and Palamner.
KKR to raise $365m structured credit fund – report
KKR is said to be targeting INR20 billion ($365 million) for an India debt fund that will invest in mezzanine and structured credit instruments. Its India Alternative Credit Opportunities Fund I was registered with the Securities and Exchange Board of...
Japan's Globis reaches $78m first close on Fund IV
Tokyo-based venture firm Globis Capital Partners has reached a first close on its fourth fund a JPY8 billion ($78 million). Globis Fund IV, will focus on Japanese companies looking to capitalize on high-growth Asian markets as well as those in the domestic...
Cerberus to secure around one third of Japan's Seibu - report
Cerberus Capital Management is expected to hold more than one third of Japan's Seibu Holdings following a takeover bid set to expire tomorrow.
Advent adds operating partners for China chemicals sector
Advent International has made the first additions to its global operating partner program in China, with Michael Ming-Yue Zhu and William Tsao recruited to advise on investment opportunities in the chemicals sector.
Canaan, Mayfield invest $7m in Indiaproperty.com
Canaan Partners and Mayfield Fund have invested $7 million in Indian real estate website Indiaproperty.com. The capital was committed last year but came through after website promoter India Property Online de-merged from Matrimony.com (formerly Consim...
Capital International backs Philippines media conglomerate
Capital International has invested PHP2.5 billion ($60.7 million) in ABS-CBN Corporation, the Philippines’ largest media and entertainment company. The funding will be used to support ABS-CBN’s platform expansion, including boosting its digital terrestrial...