Regions
Aditya Birla makes partial exit from CARE Rating
Aditya Birla Private Equity has sold a 1.2% stake in Credit Analysis & Research (CARE), a newly listed Indian credit rating company, for INR310 million ($5.7 million). The firm originally owned 4.27% of the company.
Catalyst acquires RBI Australia
Catalyst Investment Managers has acquired Reed Business Information Australia (RBIA) from parent company Reed Elsevier. RBIA, a local unit of the B2B publisher's Reed Business Information (RBI) division, owns titles including Money Management, Australian...
Buyout firms chase Warburg’s Alliance Tire stake - report
Private equity investors are said to be eying Alliance Tire Group after Warburg Pincus put a 70% stake in the Indian tire manufacturer on the block. Should the transaction go through, the price is likely to exceed $500 million, making it one of India’s...
CVC in talks to buy Philippines BPO asset – report
CVC Capital Partners is reportedly in exclusive talks to buy a majority stake in SPi Global Holdings from Philippine Long Distance Telephone (PLDT). The deal is worth about $320 million including debt.
Clearwater Capital increases stake in India's Kamat Hotels
Clearwater Capital Partners has acquired an additional 9% stake in Mumbai-based hospitality company Kamat Hotels in an open offer, bringing its total stake to 41.3%.
CSRC to tighten surveillance on IPO applicants
The China Securities Regulatory Commission (CSRC), under the pressure to clamp down on corporate fraud, plans to introduce a formal examination process of the 2012 financial reports of companies seeking a public listing.
Fidelity invests in India's Richcore Lifesciences
Fidelity Growth Partners India has invested INR300 million ($5.5 million) for a majority stake in Richcore Lifesciences, a Bangalore-based enzyme developer.
VIDEO: Ralph Jaeger of Siguler Guff
Pockets of growth in lower-tier cities continue to present the most enticing opportunities for emerging markets investors, says Ralph Jaeger, managing director and co-portfolio manager of Siguler Guff’s BRIC Opportunities Funds
Goodwin Procter adds partner to Asia PE practice
Goodwin Procter has recruited Gloria Liu as a partner in its private equity and M&A practices, based in Hong Kong. She joins from Paul Weiss, where she was a senior associate.
Matrix Partners India invests in Mswipe
Matrix Partners India has led the first institutional round of funding in Mswipe Technologies, a mobile payment services provider based in Mumbai.
Fosun, IFC set up Asia-focused reinsurer
Fosun International has teamed up with International Finance Corporation (IFC), the investment arm of the World Bank, to enter the Asia Pacific reinsurance market. The newly established operation, Peak Reinsurance Company (Peak Re), has been licensed...
Apax exits IEE to Chinese investors
Apax Partners has agreed to sell Electronics & Engineering (IEE), a Luxembourg-based developer of specialized sensing systems, to a consortium comprising Chinese strategic investors and an international financial investor.
Actis invests in Chinese medical equipment manufacturer
Actis has entered China’s healthcare space by purchasing a significant minority stake in Nanjing Micro-Tech, a manufacturer of specialist medical equipment used in hospitals and surgeries.
IFC backs Lighthouse’s second India SME fund
Lighthouse Funds has won a commitment of up to $25 million from the International Finance Corporation (IFC) for its latest India-focused vehicle. The GP is targeting a corpus of $125 million for India 2020 Fund II, which will invest in small- and medium-sized...
EMPEA’s Alexander to join Abraaj
Sarah Alexander, CEO of the Emerging Markets Private Equity Association (EMPEA), has agreed to join The Abraaj Group as a managing director. EMPEA’s executive committee has recommended that Jennifer Choi, currently vice president of industry and external...
SIDBI Venture Capital to exit India's HHV Solar
SIDBI Venture is set to exit HHV Solar following the Indian company's INR220 million ($3.9 million) investment from Swelect Energy Systems, a Chennai-based power electronic and renewable energy firm.
PE-backed InMobi acquires Overlay media
Indian mobile ad network InMobi has acquired Overlay Media, a UK developer of “content aware” computing technologies.
Riverside invests in Australian military training company
Riverside has invested in Bohemia Interactive Simulation, an Australian company which provides military training simulation technology.
Attractive China secondary targets rising at 25% per year – study
At least 200 private equity portfolio companies in China are attractive targets for potential secondary buyers and the number is likely to grow 15-25% per year as funds come to the end of their lives and find that exit options are still limited.
KKR boosts Masan Consumer stake with $200m investment
KKR has more than doubled its investment in Vietnam’s Masan Consumer Corp. (Masan), committing $200 million on top of the $159 million it paid for a 10% stake in the company two years ago. It is the largest ever private equity investment in Vietnam,...
Carlyle sees return on capsule innovation
Gelatin has been used to produce two-piece drug capsules for nearly 100 years, largely thanks to its ability to dissolve easily and be manufactured to a uniform thickness. The problem is that the manufacturing technique has never been all that kosher,...
Navis, Rabo see 1.9x return on Thai duck deal
Navis Capital Partners' exit from Thailand-based duck processor Bangkok Ranch marks the end of a 13-year holding period – among the longest in the firm’s portfolio.
China's B-share exodus
China International Marine Containers’ landmark B-share to H-share conversion could be the first of many such migrations. Does Hony Capital’s participation point to a role for private equity?
India Awards: Legal Advisor of the Year – AZB & Partners
AZB & Partners saw PE deal flow slip in 2012 Hardeep Sachdeva, a partner with the firm, blames foreign investment policy concerns that he hopes India can now consign to the past.