Region
AVCJ to move offices; daily bulletin returns April 2
AVCJ's daily bulletin will take a short break for the Easter holiday, which conveniently coincides with the company’s office relocation.
China Development Financial Holding plans PE fund - report
Taiwan-based China Development Financial Holding (CDFH) is said to be planning a private equity fund that will invest in unlisted companies in local creative industries. This is line with a strategy to strengthen its asset management business while reducing...
China's NDRC seeks tighter grip on private equity
China's top planning body, the National Development and Reform Commission (NDRC), has reiterated its call for private equity funds to register with local governments. It is the latest move in an ongoing turf war over the asset class after the Chinese...
Three Australian VC firms receive IIF backing
Venture capital funds run by M.H. Carngie & Co, GBS Venture Partners and Innovation Capital will receive A$100 million ($105 million) from the Australian government through the Innovation Investment Fund (IIF) scheme. This capital will be matched dollar-for-dollar...
CBC joins Series C round for Pluribus Networks
China Broadband Capital (CBC) has contributed to a Series C round of funding for Pluribus Networks. The capital will be used to help the network virtualization equipment maker to bring its technologies to the Chinese market.
Navis acquires stake in Malaysian IT firm Strateq
Navis Capital Partners has bought a 54.8% stake in Malaysian IT firm Strateq from Kencana Capital. Sources familiar with the situation told AVCJ the deal was valued at MYR35-50 million ($11-16 million), or around 6x forward EBITDA.
Brick eagle to invest $50m in India real estate
Hong Kong-headquartered Brick Eagle Capital Advisory is planning to invest around $50 million in Indian real estate.
Australia VC: New faces
A new generation of VC firms is emerging in Australia, despite little appetite for the asset class from domestic LPs. Success hinges on leveraging Silicon Valley networks and targeting particular market niches
Q&A: Baring Private Equity Asia's Jean Eric Salata
Baring Private Equity Asia closed its fifth fund at $2.46 billion in early 2011. CEO Jean Eric Salata tells AVCJ why the firm has taken its time investing the capital and where he now sees value emerging in the market
Indonesia webinar: Turning hype into returns
Indonesia has emerged as the next big thing in Asian PE, but there are concerns about rising valuations and whether the market is deep enough to meet expectations. Industry participants share their views
On rocky ground: PE's Mongolia risk factor
Rich in mining resources, Mongolia has a bright economic future, but vulnerability to commodity price shocks and an uncertain political climate have made many investors wary of taking the risk
Mekong trims Mobile World stake, looks to IPO
Is Mobile World the next Masan Consumer Corp? The as yet unnamed private equity firm that picked up part of Mekong Capital’s stake in the Vietnamese mobile phone retailer is certainly hoping so.
LGT opens Beijing office as part of differentiation drive
LGT Capital Partners has chosen Beijing as the location for its fourth investment office globally as the firm looks to differentiate its exposure to Asia’s largest private equity market in an increasingly competitive fund-of-funds space.
Leopard backs cross-border kenaf play
When kenaf, an Asian plant known for its short growing cycle, high protein content and strong fibers, was put to practical use, the locals made ropes. Today, its applications are expanding to encompass a wide variety of industries.
Have your say in the China Awards
As anyone who has been reading AVCJ’s coverage in recent months will know, China fundraising disappointed in 2012. Country-focused funds attracted just $23.4 billion, down 51.3% on the previous year. The damage was done in the second half, and mainly...
CVC, RBS complete Samsonite exit
CVC Capital Partners and Royal Bank of Scotland (RBS) have completed their exit from Hong Kong-listed Samsonite International through a $528 million share sale. The two investors previously made several partial exits from the luggage company since taking...
Standard Chartered exits Shangri-La Malaysia stake to Robert Kuok
Standard Chartered Private Equity (SCPE) has sold its 22.2% stake in Shangri-La Hotels Malaysia to Robert Kuok, allowing the Malaysia tycoon to increase his holding in the company to nearly 75%.
Qianhai funds win approval to raise RMB in Hong Kong - report
Chinese regulators have reportedly given the green light for private equity firms operating in Shenzhen's Qianhai region to raise renminbi offshore to invest in mainland.
KKR sees 5x return on Japan's Intelligence Holdings - Update
KKR will sell Japanese recruitment services provider Intelligence Holdings to Temp Holdings for JPY68 billion ($721 million), including debt. The PE firm's equity exit is worth JPY51 billion ($537 million), putting it on course for a more than 5x money...
Malaysia's EPF eyes more PE opportunities
Malaysia’s Employees Provident Fund (EPF) plans to increase its private equity commitments in 2013, with a particular interest in regional co-investment opportunities.
Canaan Partners to invest $100m in Indian tech
Silicon Valley venture capital investor Canaan Partners is to invest $100 million in India over the next four years from its $600 million ninth fund.
China distress-focused GP Shoreline raises $303m for Fund II
Shoreline Capital, a China-focused special situations investor, has closed its second fund at $303 million. It comes after distress-focused investors in Asia raised a cumulative $2.4 billion in 2012, the highest level seen in six years.
Baring PE Asia abandons Ambow Education take-private
Baring Private Equity Asia (BPEA) has abandoned its $108 million take-private bid for Chinese education provider Ambow Education Holding, citing the resignation of four of the New York-listed company’s independent directors and its auditors in the 10...
Qiming, KPCB lead $21.3m Series C investment in Origene
Qiming Venture Partners and KPCB China have led $21.3 million of Series C funding in OriGene Technologies, a biotech company based in the US and China.