Region
KKR's Asia fund 'practically closed' – Kravis
KKR’s second Asia fund is “practically closed” having exceeded its $6 billion cap, according to Henry Kravis, co-chairman of the private equity firm. This confirms earlier reports that the fund – the largest vehicle ever raised in the region, topping...
7 Days board agrees to PE-backed buyout
Chinese budget hotel chain 7 Days Group has accepted a take-private offer from its co-chairmen and three private equity investors that values the company at approximately $688 million. Two PE firms, The Carlyle Group and Sequoia Capital, were initially...
Archer-owned Australian Aged Care buys Lend Lease's care unit
Australian Aged Care Partners, an Archer Capital portfolio company, has agreed to buy property group Lend Lease's aged care unit for A$270 million ($276 million). The transaction is expected to be completed by the end of March 2013.
IAN, Sequoia swap Jigsee holding for Vuclip stake
Indian Angel Network (IAN) and Sequoia Capital have become shareholders in VC-backed XinLab, which operates under the brand Vuclip, following its acquisition of mobile video start-up Jigsee in an all-stock deal.
NZVIF receives $49m underwrite for new fund investments
New Zealand Venture Investment Fund (NZVIF), a venture capital fund-of-funds, will receive a NZ$60 million ($49 million) underwrite facility from the New Zealand government.
Northstar, tycoon buy stake in Hutchison's Indonesia unit
Northstar Pacific Partners is part of an investor group that has purchased a 35% stake in Hong Kong-based Hutchison Whampoa’s Indonesian telecom business. The transaction facilitates the exit of Thai conglomerate Charoen Pokphand.
Carlyle-backed China Fishery in $277m Peruvian deal
China Fishery, an industrial fishing company part-owned by The Carlyle Group, will pay $555.8 million for Peruvian counterpart Copeinca. The acquisition will make China Fishery the largest player in the world’s largest market by volume for fishmeal and...
China's Beisen gets Series B funding from Matrix, Sequoia
Beisen, a Chinese supplier of HR evaluation and testing tools and services, has received $10 million in Series B funding from Matrix Partners and Sequoia Capital. It comes three years after the company’s first-round of financing, which saw Shenzhen Capital...
AID Partners buys HMV's Asia operations
AID Partners has bought music and movie retailer HMV's operations in Hong Kong and Singapore, plus all its licenses in mainland China, Macau and Taiwan.
Temasek unit completes Singapore's biggest IPO in two years
Mapletree Greater China Commerical Trust (MGCCT), a unit of Temasek Holding's real estate arm, has raised $1.3 billion in Singapore's biggest IPO in two years.
IREIFS allocates $500m for Australasian investments
Global boutique PE firm International Real Estate Investment & Financing Solutions Group (IREIFS) has allocated $500 million to invest in Australia and New Zealand.
Korea's AmorePacific leads pharma firm's Series B round
AmorePacific Ventures, the VC arm of Korea's largest cosmetics group, has led a $7 million Series B round of investment in Miami-based Brickell Biotech, a pharma firm specializing in skin conditions. Further details of the deal were not disclosed.
Hong Kong extends offshore funds tax exemption to private equity
Private equity investors will qualify for the profits tax exemption extended to offshore funds in Hong Kong as part of government efforts to encourage more vehicles to domicile in the territory.
OrbiMed launches Asia healthcare fund
Healthcare-focused PE firm OrbiMed Advisors will launch its second Asian healthcare fund towards the end of 2013, with a target of $500 million.
Q&A: CHAMP Private Equity's John Haddock
Australian companies are increasingly open to the prospect of working with a financial investor and seeking growth away from the public spotlight, says John Haddock, managing director at CHAMP Private Equity.
Global access: Australian LPs and international PE
Australia's superannuation industry is still embroiled in a costs debate as funds decide whether a private equity strategy makes economic sense. Those sticking with the asset class are looking to go offshore
Going walkabout: Australian outbound investment
Taking portfolio companies from Australia into Asia represents a major opportunity for private equity. Pan-regional funds see it as a key part of their strategy, but can domestic players join the party?
Leveraged finance: New faces, slower processes
The withdrawal of Western banks from Australia's leveraged financing market has created opportunities for others. A general sense of caution means that, while debt is available, it won't necessarily come quickly
Origo sets up Myanmar joint venture
Origo Partners and Myanmar-based Serge Pun & Associates (SPA) have formed a joint venture in Myanmar to identify investment opportunities across the natural resources and other sectors.
ChrysCapital buys 10% stake in NBFC Au Financiers
ChrysCapital Partners has purchased a 10% stake in Indian non-banking financial company Au Financiers for INR1.2 billion ($22.2 million). The investment facilitates another partial exit for Motilal Oswal Private Equity, which sold a portion of its holding...
RRJ, Blackstone boost holding in Cheniere Energy
RRJ Capital and GSO Capital, The Blackstone Group’s credit arm, have bought the bulk of $372 million in shares issued by Cheniere Energy Partners, a limited partnership that controls America’s fire liquefied natural gas (LNG) export plant.
Indonesian incubator Grupara invests in fashion site
Indonesian venture capital firm Grupara has invested in men's fashion e-commerce site Maskool.in for an undisclosed amount.
Provident increases stake in mining firm Sumatra
Provident Capital Partners has upped its stake in Sumatra Copper & Gold, an Australian-listed mining company operating on the Indonesian island of Sumatra. The investment forms part of A$63 million ($64 million) in debt and equity funding for the company's...
IvyCap takes lead role in Thomson Reuters' India farming platform
IvyCap Ventures has agreed to become the lead investor in Thomson Reuters’ information platform for Indian farmers. Terms and conditions of the transaction were not disclosed.