Region
CVC ropes in Temasek, AIG for Matahari sale - report
CVC Capital Partners is reportedly roping in Temasek Holdings and American International Group (AIG) as cornerstone investors for its $1.5 billion partial exit from Indonesia's Matahari Department Store. The size of the offering could represent as much...
Century Bridge hires ex-PwC assurance executive
Century Bridge Capital has appointed Michael Yan as a director, tasked with providing strategic guidance on asset management and growth strategies. He was previously a senior manager in PricewaterhouseCoopers’ (PwC) assurance division.
Temasek not interested in Silver Lake's Dell deal – report
Temasek Holdings is apparently not interested in joining a Silver Lake-led consortium that is looking to privatize Dell. Media reports have claimed that the Singapore sovereign wealth fund is one of a number of potential investment partners Silver Lake...
GPs upbeat on ailing Japan
Private equity investors expect to see more buyout opportunities in Japan despite a weak deal environment in recent years and ongoing concerns about the country's economy.
RRJ to invest in Olam International – report
RRJ Capital has reportedly agreed to invest in Olam International, the commodities supplier that recently came under attack from short-seller research firm Muddy Waters. Olam, which has seen its stock slide about 18% since the allegations were first made...
IFC to increase stake in Morgan Stanley-backed China Flooring
International Finance Corporation (IFC) will extend a loan to China Flooring Holding Company, a Hong Kong-listed firm backed by Morgan Stanley Private Equity Asia. The loan will consist of a term loan of up to $30 million and a convertible loan of up...
SingTel Innov8, Optus launch new funding round for Australian start-ups
SingTel Innov8 and Optus have launched a second round of funding for Australian start-ups under the companies’ Innov8 seed program.
Cerberus to raise $1.7b through Aozora Bank exit
Cerberus Capital Management is set to raise 146.1 billion ($1.7 billion) as it sells the bulk of its 58% stake in Japan's Aozora Bank following a nine-year holding period.
KKR boosts Asia business by offering outbound deal access
Building relationships and generating deal flow in Asia doesn’t necessarily involve starting in Asia, according to Joe Bae, regional head of KKR. The private equity firm has made inroads in Japan, South Korea and China by providing local partners with...
CITIC PE's Yibing Wu confirmed as chairman of Goldstone
Yibing Wu, president of CITIC Private Equity, has been confirmed as chairman of Goldstone Investment, the direct investment arm of CITIC Securities, following months of speculation.
Profile: KV Asia's Karam Butalia
Karam Butalia, executive chairman of KV Asia Capital, cut his teeth in private equity with Citicorp, set up Standard Chartered’s PE unit, and is now building his own Southeast Asia mid-market buyout shop
KKR shows its conviction in Masan
KKR has doubled down on the Vietnam consumer story. Following a $159 million commitment to Masan Consumer Corp. (Masan) in April 2011, the largest investment in the country from a private equity fund, KKR broke its own record last week by injecting a...
Carlyle exits China Pacific with $4b profit
As a private equity investment, China Pacific Insurance stood out from the beginning. When The Carlyle Group paid approximately $400 million for a 24.98% stake in the firm’s life insurance subsidiary in 2005, it was comfortably the largest PE deal in...
The debt deadline: Japans's SMEs at a crossroads
Japan’s Debt Moratorium Law, seen by some industry participants as an impediment to PE deal flow in the last three year, is set to expire at the end of March. Does this spell new opportunities for the industry?
Project Europe: China targets high-end manufacturing
Chinese strategic investors are bidding up manufacturing assets in Europe. There is room for PE players to participate, but they will generate value by identifying high-tech targets early in the value chain
IPOs, and other China exits
Hony Capital was responsible for one of the more unusual transactions of the holiday period. The private equity firm provided the cash option for shareholders who didn’t want to participate in China International Marine Containers’ conversion of its Shenzhen-listed...
Advantage Partners sells Komeda coffee shop chain to MBK
Advantage Partners has agreed to sell its controlling stake in Japanese coffee shop chain Komeda to MBK Partners.
Jack Ma's retirement as Alibaba CEO fuels IPO speculation
Jack Ma will step down as CEO of Alibaba Group in May ahead of the private equity-backed firm’s widely anticipated IPO. Ma, who will remain as chairman indicated that he wanted to hand over to a younger successor, telling employees that “the next generation...
Mayfield launches second India fund
Mayfield has launched its second India fund, according to a US regulatory filing. No details were given on the target size. The GP closed its first India-focused vehicle in 2008 on $115 million, with a remit to invest in the consumer, infrastructure and...
Creador reaches $132m final close on debut fund
Creador, a Southeast Asia and India-focused private equity firm, has reached a final close of $132 million for its debut fund. This comes after a first close of $100 million in late 2011. Creador already has plans to launch a second fund in 2013.
Massachusetts pension fund appoints PE head
The Massachusetts Pension Reserves Investment Board (MassPRIM) has appointed Michael Bailey as senior investment officer and director of private equity. The post was previously held by Wayne Smith, who departed in July 2011.
India's BookAdSpace gets angel investment
BookAdSpace, an online platform for buying and selling physical advertising space, has received angel funding from Aakrit Vaish, the director of Flurry India, and Mitesh Sampat, the vice-president of product strategy at Quova.
Ironbridge sells NZ-based EnviroWaste to Cheung Kong Infrastructure
Ironbridge Capital has agreed to sell EnviroWaste, New Zealand’s second-largest waste services business, to Hong Kong’s Cheung Kong Infrastructure Holdings for NZ$490 million ($412 million). The Australian private equity firm acquired EnviroWaste from...
MH Carnegie buys majority stake in Australia's Assetic
MH Carnegie, an Australian private equity investor, has acquired a 55% stake in Assetic, a Melbourne-based technology firm, for A$10 million ($10.6 billion).