Regions

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.

Portfolio: Lunar Capital and China's Joysun

When Lunar Capital invested in Sichuan Zhiqiang, the company’s Joysun brand was well known but lacked relevance with younger consumers. It is now seeking to redress the balance with a revamped product range

Talent tinkering: Operating partners in Asia

Operational value-add is becoming the new normal in Asia as private equity firms hire professionals with the skills to build portfolio companies. However, methods of recruitment and retention vary hugely

Orchid-backed Time Watch raises $105m in Hong Kong IPO

Time Watch Investments has raised HK$810 million ($105 million) in its Hong Kong IPO after pricing shares at the top end of the indicative range. Orchid Asia participated as a cornerstone investor, taking just over one quarter of the 600 million shares...

SFERS hires New York State Common’s Art Wang

San Francisco Employees’ Retirement System (SFERS) has appointed Art Wang as managing director for private markets, with responsibility for private equity, real estate and real assets. He joins from New York State Common Retirement Fund (NYSCRF) where...

  • LPs
Lightspeed closes debut China fund at $168m

Lightspeed China Partners has reached a final close of $168 million on its debut China fund, exceeding the target size of $150 million. The fund, which includes an affiliated co-investment vehicle, will target early-stage investments in the internet,...

RMB funds: Beyond the hype

Last week AVCJ held its six-monthly media briefing at which we – joined by several industry participants – reviewed private equity activity in 2012 and offered views as to what 2013 might have in store. The data made for sober reading: Fundraising...

Hahn & Co to buy Korea Line via bankrupcty process

Hahn & Co. has been selected by a bankruptcy court as the preferred bidder for a 50% controlling stake in Korea Line, South Korea’s fourth-largest shipping company. The enterprise value of the transaction is KRW1.1 trillion ($1 billion), with Hahn &...

Goldman Sachs completes another partial exit from ICBC

Goldman Sachs has completed another partial exit from its holding in Industrial and Commercial Bank of China (ICBC), selling $1 billion worth of H-shares. The investment bank's merchant banking division has offloaded ICBC shares at least four times prior...

PSERS to invest in Morgan Stanley PE Asia’s fourth fund

Morgan Stanley Private Equity Asia (MSPEA) has received a commitment of up to $100 million for its fourth fund from Pennsylvania Public School Employees’ Retirement System (PSERS). The pension system previously invested in global funds launched by Morgan...

Commonfund promotes Beijing office head

Commonfund Capital has promoted Leenong Li, head of its Beijing office and wider Asian initiatives, to managing director. He joined the firm in 2010, having previously spent five years as managing director of Jerusalem Venture Partners’ Shanghai office...

OTPP in running for Leighton asset – report

Ontario Teachers' Pension Plan (OTPP), Canada’s third-largest pension fund, is reportedly among the final bidders for NextGen, the fibre-optics business being sold by Australian contractor Leighton Holdings. The deal could be worth as much as A$870...