Region
Michael Di Cicco joins Heidrick & Struggles' Asia PE practice
Michael Di Cicco has joined executive search firm Heidrick & Struggles as a partner at its financial services practice in Singapore. Di Cicco will lead the private equity practice for Asia Pacific and work with practice leaders in the US and Europe.
CVC opts for partial exit from Matahari via public markets – report
CVC Capital Partners is expected to exit about 40% of its holding in Matahari Department Store through a public market sale that will raise up to $1.5 billion. The private equity firm, which controls the Indonesian retailer through a joint venture with...
China vacation homes rental start-up gets Series B funding - Update
Tujia.com, China’s first online vacation homes rental service, has secured a Series B round of financing led by GGV Capital. Lightspeed China Partners, CDH Investments, Qiming Venture Partners, CBC Capital also participated alongside strategic investors...
Carlyle to make partial exit with Broadleaf IPO
The Carlyle Group is set to exit the majority of its stake in Broadleaf following the Japanese company's announcement that it would seek to raise up to JPY23.3 billion ($248.37 million) through an IPO.
Saudi Arabia's Kingdom Holdings leads $400m round for 360Buy
Chinese online retailer 360Buy has raised $400 million through a Series F round of funding led by Kingdom Holding, an investment company controlled by Prince Alwaleed bin Talal, a Saudi Arabian billionaire.
Asahi accuses Independent Liquor of 'channel stuffing'
Asahi claims that Pacific Equity Partners (PEP) and Unitas Capital resorted to “channel stuffing” – where companies supply retailers with more product than they are capable of selling to boost sales figures – to artificially inflate Independent Liquor’s...
Virginia pension fund backs Fortress' Japan distress vehicle
Virginia Retirement System (VRS) has committed to $50 million to Fortress Investment Group’s Japan Opportunity Fund II, a distress-focused vehicle that closed last December at its hard cap of JPY130 billion ($1.65 billion).
Australia's AMP Capital invests $100m in US wind energy project
AMP Capital has injected $100 million in Capistrano Wind Partners, a large-scale wind energy project developer in North America, alongside a consortium of infrastructure investors. AMP made the commitment on behalf of a large Australian superannuation...
SEBI approves first Indian social venture fund
The Incube Connect Fund has become the first social venture fund to be approved under the Securities and Exchange Board of India’s (SEBI) new registration regulations.
Zhongpin delays take-private deal, drops go-shop provision
Zhongpin, the NASDAQ-listed Chinese pork producer that is subject to a PE-backed management buyout bid, has amended the deal to allow more time for completion and prevent directors from sourcing competing offers. The valuation of $502 million is unchanged....
Marck Biosciences gets $8.3m from Tata healthcare fund
Tata Capital Healthcare Fund has invested INR450 million ($8.3 million) for a 13% stake in Ahmedabad-based drug maker Marck Biosciences. Previous plans for an IPO have now been shelved.
Canada's OMERS targets Australia
Ontario Municipal Employees’ Retirement System (OMERS), one of Canada’s big three pension funds, plans to increase its exposure to Australia through investments in infrastructure and natural resources.
IFC to invest $24m in India's Ratnakar Bank
International Finance Corporation (IFC), the investment arm of the World Bank, plans to invest up to INR1.3 billion ($24 million) in India’s Ratnakar Bank. The commitment, which would be structured as a preferential allotment, complies with IFC’s strategy...
Macquarie, SBI to buy majority stake in GMR Jadcherla Expressways
Macquarie SBI Infrastructure Fund (MSIF) has agreed to buy a 74% stake in GMR Jadcherla Expressways from Bangalore-based infrastructure major GMR Group.
Bessemer backs Indian IT services provider Anunta
Bessemer Venture Partners (BVP) has invested in Anunta Technology Management Services, a cloud-based IT services company, as part of Series A investment round. Financial details of the deal were not disclosed.
Brookfield hires Niel Thassim as Head of Asia
Brookfield Asset Management has hired Niel Thassim as head of Asia with its Hong Kong-based private funds group.
Reserve Bank of Australia sells subsidiary to PE-backed Innovia
The Reserve Bank of Australia (RBA) is to sell its 50% stake in Securency International, a company which produces polymer-based print material for banknotes, to Innovia Films, a UK packaging manufacturer backed by Arle Capital Partners. Innovia already...
Australia's Hastings adds to North America team
Australian infrastructure investor Hastings Funds Management has appointed Irene Mavroyannis as executive director with responsibility for business development in the US and Canada. She will join the existing investment team in New York.
3SBio board agrees to CITIC PE-backed buyout
The board of NASDAQ-listed Chinese biotechnology firm 3SBio has agreed to a privatization bid tabled by Jing Lou, its CEO, and CITIC Private Equity. The deal values the company at $340 million.
Baird's Shanghai-based Zhang promoted to principal
Baird Capital, the private investment arm of Robert W. Baird, has promoted Shanghai-based Yongshan Zhang to principal. Zhang, who was previously vice president, joined Baird in 2008 and works with the company's China growth equity fund.
MVision opens Australia office
Placement agent MVision has opened a new office in Sydney, Australia. The move will allow MVision, which currently has a number of investment manager clients in Australia, to expand its reach into the Asia Pacific private equity market.
Asahi, PE firms set for legal battle over Independent Liquor sale - update
Japanese beverage giant Asahi has taken legal action against private equity firms Pacific Equity Partners (PEP) and Unitas Capital over its acquisition of New Zealand firm Independent Liquor in 2011 for NZ$1.5 billion ($1.5 billion).
CLSA exits Japan's Everlife for $285m
CLSA Japan has sold its 100% stake in Japanese direct marketing company Everlife to Korea's LG Household and Health Care for JPY25.8 billion ($285 million).
Blackstone invests in India business park – report
The Blackstone Group has reportedly joined two other companies in purchasing a business park in South India for INR19.6 billion ($367 million).