Region
Kazakh sovereign fund buys stake in domestic zinc producer
Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, has bought a 29% stake in Kazzinc, a domestic zinc producer controlled by Glencore.
Paine-backed Costa to buy Adelaide Mushrooms
The Costa Group, an Australian fresh produce company backed by global private equity firm Paine & Partners, is to acquire Adelaide Mushrooms. Financial terms of the transaction were not disclosed.
Unilazer Ventures invests in Valyoo Technologies
Unilazer Ventures has joined IDG Ventures in investing INR530 million ($10 million) in Delhi-based Valyoo Technologies, which owns e-commerce sites LensKart, BagsKart, WatchKart and JewelKart.
Creador backs Indian home loans provider
Creador has acquired a 9.9% stake in Repco Home Finance (RHF), an Indian housing finance provider owned by Repco Bank, for INR724 million ($13.7 million). It is the India- and Southeast Asia-focused GP’s second deal in a fortnight and leaves the firm’s...
Zephyr Peacock, Credence back 20Cube Logistics
Zephyr Peacock India and Singapore-based Credence Partners are to invest $17 million in 20Cube Logistics for a significant minority stake.
Macquarie targets $1b fund for South, Southeast Asia - report
Macquarie Capital is said to be targeting $1.1 billion for its new fund focusing on South and Southeast Asia.
CITIC Capital Japan-backed Tri-Wall acquires DS Smith unit
Tri-Wall, a Hong Kong-headquartered heavy-duty cardboard manufacturer backed by CITIC Capital Partners, has acquired the UK Tri-Wall unit of British packaging firm D.S. Smith.
PAG in partial exit from Haitong Securities
PAG has made a partial exit from Haitong Securities, 10 months after participating in the Chinese brokerage’s IPO as a cornerstone investor.
KPMG India appoints new PE head, Utamsingh leaves firm
KPMG India has appointed Vikram Hosangady, its head of transaction services, as its new private equity leader. His predecessor, Vikram Utamsingh, has left the company.
Tata Opportunities Fund names new managing partner
Tata Capital has shuffled personnel at Tata Opportunities Fund following Mukund Rajan’s appointment as chief ethics officer and brand custodian of Tata Group. Padmanabh Sinha, chief investment officer at the fund, will assume Rajan’s responsibilities...
Vogo, KTB-backed LG Siltron withdraws IPO
LG Siltron, a silicon wafer manufacturer owned by LG Group, Vogo Investment and KTB Private Equity, has abandoned plans to raise at least $275 million through an IPO. The company won listing approval on October 31 but decided not to proceed because domestic...
China Resources Capital raises $153m for debut RMB fund
China Resources Capital (CRC) has raised RMB956 million ($153 million) for its debut local currency fund. The vehicle has also announced its first deal – a co-investment with mainland property developer China Vanke in a Shanghai residential project.
AVCJ Australia webinar takes place Thursday
The opportunities and challenges facing Australian private equity will be discussed by a panel of industry experts at an AVCJ webinar on February 21. It begins at 11 a.m. (2 p.m. AEST) and will last for approximately 45 minutes. Audience members will...
Vietnam's VinaCapital appoints new real estate head
VinaCapital has appointed David Blackhall as managing director with responsibility for the Vietnam-focused GP’s real estate portfolio. He takes over from David Henry, who is leaving the company to pursue opportunities in Australia.
Everstone bets on India's logistics space
The fact that Dehli-based Transpole is regarded one of India's largest shipping logistics firms yet still accounts for around 3% of its market speaks volumes for the level of fragmentation in the sector. Everstone Capital is betting on Transpole's potential...
Lightspeed nets $168m for China fund
Lightspeed Venture Partners' China fund has been more than seven years in the making, having been under consideration ever since the GP included an international allocation – Asia and Israel, in addition to the US – in its seventh global vehicle. The...
Q&A: Tata Opportunities Fund's Mukund Rajan
India’s private equity industry has suffered criticism from disappointed LPs in the last couple of years. Mukund Rajan, managing partner of Tata Opportunities Fund, identifies a few positives
Hahn & Co. in $130m bankruptcy buyout
Sourcing deals through South Korea's bankruptcy courts is notoriously complicated, but even by these standards Korea Line presented a challenge. The sale process was officially launched late afternoon on December 21, the Friday before what most people...
Emerging markets share of PE fundraising reaches record high - EMPEA
Emerging markets-focused private equity funds received their largest ever share of global commitments to the asset class last year, according to the Emerging Markets Private Equity Association (EMPEA).
AGCA teams up with HarbourVest, Axiom to buy Credit Suisse PE assets
Asia Growth Capital Advisors (AGCA), which spun out from Credit Suisse’s private equity division in 2010, has acquired a portfolio of PE investments from its former parent, supported by HarbourVest Partners and Axiom Asia. Prior to the transaction, AGCA...
RREEF names Maruf head of Asia Pacific alternatives
Nadir Maruf has been appointed head of Asia Pacific alternative investments at RREEF Alternatives, a unit of Deutsch Asset Management.
CVC agrees Philippines' BPO carve-out
The Philippines has supplanted India in recent years to become the call center capital of the world as its business process outsourcing (BPO) sector recorded massive growth. Revenues are expected to more than double in the next five years, reaching $25...
Headland invests in Malaysian snack foods brand
Headland Capital Partners has invested in Mamee-Double Decker Barhad, one of Malaysia's largest food and beverage firms. The details of the transaction were not disclosed.
Tech crunch: Bridging the Series A gap
On both sides of the Pacific, the venture capital industry is suffering from a dearth in Series A funding. How widespread is the problem and who is most affected?