Regions
NZ Super appoints unlisted mandates manager
New Zealand Superannuation Fund has appointed Chris Jagger as manager with responsibility for unlisted mandates. He was most recently an investment director with Lloyds Development Capital in London and has previously worked at Future Fund, GI Partners,...
IREIFS expands SE Asia presence, targets Australasia and India
Paris-based private equity firm IREIFS Partners is to expand its Southeast Asian presence in response to increasing activity in the Asia Pacific region.
Apax makes partial exit from Apollo Hospitals
Apax Partners has exited part of its stake in India' s Apollo Hospital to Oppenheimer Funds for INR5.3 billion ($97 million).
Orix beats PE firms to buy Rabobank's Robeco
Orix has bought the asset management arm of Rabobank, Robeco, for EUR1.9 billion ($2.5 billion). The Japanese financial services firm will acquire a 90.1% stake in the company while Rabobank will retain 9.9%.
China’s CIC makes invests in Moscow Exchange IPO
China Investment Corporation (CIC) participated as a cornerstone investor in Moscow Exchange’s $500 million IPO. The deal represents another collaborative effort between the Chinese sovereign wealth fund and its Russian counterpart, Russia Direct Investment...
AGCA, secondary investors buy CS legacy assets
Three years after Credit Suisse's Asia private equity team spun out, the assets they were tasked with managing have followed suit. Supported by HarbourVest Partners and Axiom Asia, Asia Growth Capital Advisors (AGCA) has acquired a portfolio of eight...
Advent generates 2.5x on rationalization play
Locker Group Holdings, an Australian metal products manufacturer recently exited by Advent Private Capital to US-based Valmont, is an example of post-global financial crisis rationalization.
Headland to take Malaysian Mamee overseas
As "official noodle sponsor" of English football team Manchester United, Malaysian snack and beverage firm Mamee Double Decker puts a lot of stock in the reputation of its brands. The challenge for Headland Capital Partners, which recently took a significant...
Investors flock to CRC’s debut RMB fund
Renminbi fundraising weakened considerably over the course of 2012. Preliminary AVCJ figures showing that barely 20 vehicles attracted a total of $4.2 billion in the second half of the year, less than one third the amount raised in the previous six months.
Profile: IL&FS' Archana Hingorani
When Dr. Archana Hingorani swapped academia for industry, she ended up at the nascent IL&FS. Twenty years on, she is CEO of the company’s PE unit and recognized as a pioneer in Indian infrastructure
Healthy holidays: PE and medical tourism
Asia’s medical tourism sector is growing rapidly as visitors flock east for cheap surgical procedures. How big is the opportunity for private equity and where can it be found?
China e-commerce: End of the line
Burning through cash and with no public market exit in site, many of China’s e-commerce players are losing the confidence of their investors. New rounds of funding come at depressed valuations – if they come at all
The perils of over-ambition
Asahi's acquisition of Independent Liquor came towards the end of a period of frenetic outbound activity among Japanese beverage giants. Kirin bought Australia’s Lion Nathan, took a minority stake in Singapore-based Fraser &Neave and then rounded it...
Korean GP EQ Partners gets investment from Reorient Group
Hong Kong-listed financial services provider Reorient Group has bought a one third stake in Korean private equity firm EQ Partners from Dongah Tire & Rubber, a Korean auto parts manufacturer, for KRW4.5 billion ($4.1 million).
Australian government commits $360m to innovation fund, clarifies VC structures
The Australian government will provide A$350 million ($360 million) in new funding for the Innovation Investment Fund to support small- and medium-sized enterprises (SMEs). Improvements have also been made to the early stage and venture capital limited...
KPMG hires PwC's Ambarish Dasgupta
KPMG India has hired Ambarish Dasgupta, former consulting leader with PricewaterhouseCoopers (PwC) India, to head up its management consulting practice in Mumbai.
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...
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...