Region
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...
Caterpillar's China scandal draws attention to ex-PE asset IMM
International Mining Machinery (IMM), a Chinese mining equipment manufacturer acquired by Joy Global from private equity investors in 2011, has been thrust into the spotlight as a result of Caterpillar’s China accounting scandal.
ePlanet exits agro-chemicals firm as Japan's SDS enters
ePlanet will exit Indian agro-chemicals firm Sree Ramcides Chemicals as Japan's SDS Biotech invests INR1 billion ($18.8 million) in the company for a 65% stake.
Tata Capital to raise maiden distress fund
Tata Capital, the private equity arm of India's Tata group, plans to raise nearly INR5 billion ($94 million) for its maiden distress assets fund.
China Private Equity Investment backs Malaysia's Patimas Computers
China Private Equity Investment Holdings (CPEH) has acquired a minority interest in Patimas Computers, a Malaysian information and communications technology provider.
India expects tax settlement with Vodafone, seeks to reassure investors
The Indian government is close to settling its $2.6 billion tax dispute with Vodafone, according to the country’s finance minister. If the issue can be resolved it would reassure foreign investors’ concerned about the tax treatment of transactions involving...
Secondaries in vogue in Korea
Among South Korean LPs there such a thing as the flavor of the month. We have seen global buyout and credit phases over the years, during which international private equity and credit houses mopped up more allocations than ever before. The last 12 months,...
Australia's IFM enters UK airspace
An investor in Australian airports for 15 years, Industry Funds Management (IFM) - which is owned by 30 domestic superannuation funds - has made its first foray into the global market with the acquisition of a 35.5% stake in Manchester Airports Group...
Actis adds to Southeast Asia team
Actis has expanded its Southeast Asia team by appointing Ivy Santoso as Indonesian country head and Arjun Oberoi as global healthcare sector head.
Everstone invests in Transpole Logistics
Everstone Capital has invested INR2.2 billion ($41 million) in India's Transpole Logistics. The Dehli-headquartered firm provides services including freight forwarding, warehousing and distribution.
Lunar Capital enters partnership with Pinco Pallino
Lunar Capital has entered into a partnership with Italian children's fashion brand "I Pinco Pallino" to expand its presence in China and East Asia. Under the agreement, Lunar and Pinco Pallino, which is owned by Italian private equity firm Opera, plan...
MGPA pays $111m for Perth office building
Four months since reaching a first close of EUR85 million ($111 million), MGPA Asien Spezialfonds - an Asia-focused real estate fund structured to target German investors - has committed close to exactly that amount for its maiden investment in Australia....