Region
New York State Teachers shuffles PE, real estate heads
New York State Teachers’ Retirement System (NYSTRS) has appointed John Virtanen as managing director for private equity. He moves over from the system’s property portfolio, which will now be overseen by David Gillan.
Asian advocacy: PE associations reach out to regulators
PE practitioners like light-touch regulation and usually prefer to stay at arm's length from government. A combination of global and national pressures has forced industry associations to revisit their strategies
Australia's Advent sees 2.5x return on Locker investment
Advent Private Capital has sold metal products manufacturer Locker Group Holdings to US-based Valmont Industries, generating a 2.5x money multiple on its investment. According to AVCJ Research, the Australian GP acquired an 80% stake in Locker just over...
RRJ Capital acquires kidswear brand Kingkow
RRJ Capital has acquired a 75% stake in Hong Kong-based children's wear retailer Kingkow.
IDG Ventures targets $175m for second India fund
IDG Ventures India is targeting $175 million for its second India-focused fund. The predecessor vehicle raised $150 million in 2007.
Japan's Orix signs up as LP for Mongolia Opportunities Fund
Japan's Orix Corporation will invest in Mongolia Opportunities Fund I, reputedly the country's first ever private equity vehicle. Orix aims to use the fund, established by Mongolia Opportunities Partners, to make its own first investments in country....
CVC in largest-ever Philippines buyout - update
CVC Capital Partners has agreed to buy an 80% stake in SPi Global Holdings, a business process outsourcing (BPO) unit of Philippine Long Distance Telephone Company (PLDT), in what is the Philippines' largest-ever buyout deal. The transaction values SPi...
Baring PE Asia exits Taiwan-listed Airtac
Baring Private Equity Asia (BPEA) has completed its exit from Airtac International Group, a Taiwan-founded but now mainland China-headquartered manufacturer of pneumatic components.
Australia's Telstra loses VC unit founder
Deena Shiff, managing director of Telstra’s captive VC unit, has resigned her post to focus on a non-executive career and directorships. She remains as an advisor to the firm and as a board director for investee companies.
Ironbridge-backed FleetPartners to tap debt markets
Fleet Partners, an Australian vehicle-leasing firm backed by Ironbridge Equity Partners and the Government of Singapore Investment Corporation (GIC), plans to raise more than $200 million in debt ahead of its IPO.
Quadrant-owned Virtus Health targets IPO in 2013
Quadrant Private Equity is targeting a A$500 million ($520 million) IPO this year for its portfolio company Virtus Health, Australia's largest fertility business.
Aditya Birla-backed V-Mart raises $2.6m from anchor investors
Aditya Birla-backed V Mart Retail, a budget Indian retailer, has raised INR141 million ($2.6 million) from anchor investors, after finalizing the allocation of 674,000 shares at INRR210 apiece.
Anil Ahuja departs 3i
Anil Ahuja, managing partner and head of Asia for 3i, has quit the private equity firm. According to a statement, Ahuja is leaving to pursue other opportunities, although he will still operate as a part-time consultant to 3i.
Blackstone buys majority stake Maldives seaplane operator
The Blackstone Group has acquired a majority stake in two Maldives-based seaplane operators, Maldivian Air Taxi (MAT) and Tran Maldivian Airways (TMA).
Trafigura subsidiary buys Ausfuel from Archer Capital
Archer Capital has exited Ausfuel to Puma Energy, a subsidiary of Trafigura, for a reported cash sum of $650 million. The Australian GP acquired a majority stake in the company from CHAMP Ventures in 2010, paying around A$120 million ($125 million).
China's Cathay Fortune abandons Discovery Metals bid
Cathay Fortune Corporation (CFC), the private equity group founded by Chinese billionaire Yong Yu, has abandoned its A$830 million ($848 million) takeover bid for Australian copper miner Discovery Metals. Discovery shares plummeted as much as 7.5% to...
Avigo, Matrix back Indian education group
Avigo Capital and Matrix Partners India have invested INR1 billion ($18.7 million) in education service provider Maharana Infrastructure and Professional Services (MIPS)
Australia's Adventure Capital targets $100m VC fund
Australian VC firm Adventure Capital is targeting around $100 million for its debut vehicle. It has already received $20 million in commitments from high net worth individuals – having signed up its first cornerstone investor in late 2010 – and is now...
NSR targets exit as India's Ortel files for IPO
New Silk Route (NSR) is set to exit Indian cable TV provider Ortel Communications with the company planning to raise as much as INR1 billion ($18.7 million) through an IPO. This is the second time Ortel has tried to go public, having pulled out of an...
India's Yes Bank to set up PE fund with IFC
Yes Bank, India's fourth largest privately owned lender, is to create a joint fund with the International Finance Corporation (IFC), the investment arm of the World Bank.
HIG Capital sells Anvis to Japan's Tokai Rubber
HIG Capital has sold German car parts maker Anvis to Japan's Tokai Rubber Industries for EUR132 million ($177.91 million). Financial terms of the deal were not undisclosed.
Sequoia joins Series A round for personal search engine
Sequoia Capital India has joined Qualcomm Ventures in investing over $1 million in Dexetra, the maker of Friday, a personal search mobile application.
Chinese firms say red tape hinders M&A in Europe – survey
More than three-quarters of Chinese companies encounter operating difficulties in the EU while nearly half have been obstructed by regulatory issues, according to a survey by the EU Chamber of Commerce in China. The findings represent a mixed blessing...
Baring increases stake in HK-listed Magic Holdings
Baring Private Equity Asia (BPEA) has increased its stake in Hong Kong-listed beauty products retailer Magic Holdings, purchasing 7.34 million shares on the open market for HK$22.26 million ($2.9 million). It remains the largest individual investor in...