Region
JBIC to commit $25m to Mizuho ASEAN fund
The Japan Bank for International Cooperation (JBIC) will commit up to $25 million to Mizuho's new ASEAN-focused private equity fund.
Creador rushes to launch Fund II
“Despite our experience, and the fact we spent the last 12 years investing in India with success, I think a lot of people saw us as a first time fund,” says Brahmal Vasudevan, founder and CEO of Creador, recalling the difficulty his firm had in reaching...
NSL Renewable raises $90 million
With $90 million in funding raised over the last week, NSL Renewable Power (NRPPL) is looking to leverage the falling costs of producing power from renewable sources. It currently has 185 megawatts of installed capacity across wind, solar, bio-mass and...
Have your say in the AVCJ China Awards
The China take-private, at least among companies listed in the US, is a relatively new phenomenon in private equity. As it stands, six - soon to be seven - deals have been successfully concluded and a further seven have received board approval, with only...
China webinar: Still a safe bet?
Exits have been preying on the minds of China-focused private equity investors as the IPO market so little signs of revival. It means GPs must think more broadly and more globally
Canary in the coal mine: GP economics under stress
Still dealing with the fallout from a fundraising boom, mid-market PE firms in Asia face the prospect of smaller vehicles in coming vintages, and team volatility comes as part of the package
Tata fund leverages parent's brand
The Tata Opportunities Fund (TOF) was launched in 2011 with a mandate to invest into Tata Group companies as well as outside Indian firms. The manager, Tata Capital, announced a final fund close at $600 million last week, making it the largest India-focused...
Portfolio: Bain Capital and Domino's Pizza Japan
The US consumer cred of Domino’s Pizza means little in Japan where consumer tastes and cultural norms are very different to the West. Bain Capital took an innovative approach to cornering a competitive sector
CNEI exits Liyuan despite metals price slump
Dragged down by gold prices, commodities of all flavors have seen sharp declines in the past month. But this did not derail China New Enterprise Investment’s (CNEI) full exit from Shenzhen-listed Jilin LiyuanAluminum. The private equity firm secured a...
Singapore's GIC backs BMC Software take-private
Government of Singapore Investment Corporation (GIC) is participating in the $6.9 billion take-private of US enterprise software provider BMC Software, led by Bain Capital and Golden Gate Capital. It is the third-largest global PE deal announced so far...
Guinness Peat exits Australia's Ridley Corp to PE buyer
Guinness Peat Group (GPG), an investment holding company with interests in Europe and Australia, has sold its 19.5% stake in Australian animal feed company Ridley Corp to a PE firm for A$54 million ($55 million).
TPG launches sale for China's UniTrust
TPG Capital will begin the sales process for Shanghai-based finance and leasing company UniTrust this week. The deal is expected to be worth $800 million, with significant interest coming from other players in the leasing industry.
Goldman invests $110m in Indian cable distributor
Goldman Sachs has invested INR6 billion ($110 million) in DEN Networks, an Indian cable distribution company. According to AVCJ Research, it is the fifth-largest PE investment completed in India so far this year.
CLSA Capital Partners to invest $10m in Indian agri company
CLSA Capital Partners will acquire a 19.6% stake in Camson Bio Technologies, an agricultural biotechnology company, for INR539 million ($10 million).
Quadrant-backed Summerset eyes Australia listing
Summerset, a New Zealand care home operator backed by Quadrant Private Equity, is seeking to list on the Australian Securities Exchange in response to increased interest from local investors.
Sidley Austin adds PE lawyer to Singapore office
US law firm Sidley Austin has hired Gregory Salathé, a cross-border M&A specialist who represents PE and hedge funds, as a partner in its Singapore office. He will relocate from Tokyo, where he was previously co-managing partner of Morgan Lewis' office....
Carlyle launches Japan fund with $2b target - report
Carlyle is said to have launched its latest Japan-focused buyout fund with a target of $2 billion.
Qatar sovereign fund buys $1.2b stake in Bharti Airtel
The Qatar Foundation Endowment will buy a 5% stake in Bharti Airtel for INR67.9 billion ($1.26 billion). It will purchase 199.8 million new shares issued by the India-based telecommunications provider at INR340 apiece.
OCBC takes part in $116m debt financing for Indonesian toll road operator
Singapore's Oversea-Chinese Banking Corporation (OCBC) has completed IDR1.13 trillion (S116 million) in convertible debt financing for Indonesian toll road operator Baskhara Utama Sedaya (BUS).
Leopard exits Cambodia's Kulara Water
Leopard Capital has exited its entire investment in Cambodia's Kulara Water to the company's founding shareholder. Details of the transaction were not disclosed.
Carlyle-backed New Century refines Hong Kong plan - report
China’s New Century Hotel Group, a portfolio company of The Carlyle Group, plans to spin off its hotel business as a real estate investment trust (REIT) through a $300 million Hong Kong IPO. It earlier planned to list both the hotel and real estate business....
Baring Asia-owned Nord Anglia completes WCL bolt-on
Nord Anglia Education, an international schools operator owned by Baring Private Equity Asia, has completed the bolt-on acquisition of WCL Group for $222 million. The deal strengthens Nord Anglia’s presence in North America and the Middle East, taking...
Infinity Group invests in China COFCO project
Infinity Group, the Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, plans to invest up to RMB10 billion ($1.62 billion) in the Beijing Eco-Valley project created by food industry giant COFCO Group....
VIDEO: Fiona Mackenzie of New Zealand Superannuation Fund
Emerging Asia will become a more significant part of New Zealand Superannuation Fund's private equity exposure, says Fiona Mackenzie, head of investments at the government-owned LP