Regions
Primus Financial shuts down fund
Primus Financial Holdings, the private equity firm set up by three former Citigroup bankers to invest in financial services assets across Asia, has closed its fund. The firm profited from an investment in New China Life Insurance but is best known for...
General Atlantic's Nash promoted in Singapore
General Atlantic (GA) has promoted Nick Nash, who co-launched the firm's Singapore office, to principal.
Standard Chartered PE commits $37m to India's Sparkle Ocean
Standard Cartered Private Equity (SCPE) has purchased a minority stake in Hyderabad-based port and operations and management company Ocean Sparkle for INR2 billion ($37 million).
Sinagpore’s Ventrillion invests $15m in Clean Coal
Singapore’s Ventrillion Management has agreed to invest up to $15 million in US-listed Clean Coal Technologies. The company, which holds patents for technology that converts raw coal into a cleaner burning fuel, will use the proceeds to complete its...
Australia’s Harbart Private Equity buys Cardioscan
Harbert Australia Private Equity has bought an 85% stake in Melbourne-based cardiac testing service provider Cardioscan.
Northstar buys 49% stake in Trimegah Securities
Northstar Pacific Partners has acquired a 49% stake in Indonesian brokerage Trimegah Securities for IDR200 billion ($20.8 million). The investment was channeled through Northstar Equity Partners III, which closed last year at $820 million.
ChrysCapital wins major trophies at 2012 AVCJ India Awards
ChrysCapital Partners led the way at the 2012 AVCJ Private Equity & Venture Capital Awards India, claiming Firm of the Year as well as the prize for best fundraising. Meanwhile, Sanjay Nayar, CEO of KKR India, was named Private Equity Professional of...
GPs see more secondary deals, stress entrepreneur alignment – AVCJ India Forum
The Indian private equity industry is now diversifying its exit channels in the light of a conspicuous lack of public market deals, GPs told the AVCJ India Forum. Secondary transactions could be an alternative, but alignments with entrepreneurs is the...
PE-backed AAG Energy pulls Hong Kong IPO
Asian American Gas (AAG) Energy, a Chinese natural gas producer backed by Warburg Pincus and Baring Private Equity Asia (BPEA), has postponed its Hong Kong IPO due to challenging market conditions. The company started pre-marketing for the up to $200...
TA-owned SpeedCast buys Australian Satellite Communications
TA Associate Partners-backed SpeedCast has completed a buyout of Australian Satellite Communications (ASC). The company provides satellite-based communications solutions throughout Australia and surrounding regions.
Premji buys stake in Heritage Foods, Kotak India exits
Kotak India Value Fund has exited the remainder of its stake in Indian retailer Heritage foods to Azim Premji, chairman of Indian IT multinational Wipro, who has bought a 4.7% stake in the company.
Khazanah in $356m exit from AIA
Khazanah Nasional, the Malaysian sovereign wealth fund, has exited its entire holding in Hong Kong-listed AIA Group, raising HK$2.76 billion ($356 million). The sale comes as the lockup on American International Group’s stake in the Asia-focused insurance...
CX Partners invests in TSI’s India ATM business
CX Partners has invested INR1.2 billion ($23 million) in India ATM business of Transaction Solutions International (TSN), an electronic transactions specialist listed in Australia.
MSPEA in convenience store carve-out
HI-24 is every bit the orphan subsidiary. Last year the Chinese convenience store chain's parent company changed its name to China Financial Services Holdings (CFSH), confirming a strategic rethink already apparent from its acquisitive activity. Once...
Abraaj exits Thai hospital with 3x return
Of the 19 million tourists who visited Thailand in 2011, an estimated 500,000 traveled specifically for medical care. Although medical tourism only accounts for 0.4% of national GDP, the industry is growing at an annual rate of 16% and is expected to...
Asia Awards: Firm of the Year – Bain Capital
In the past 12 months, Bain Capital has raised its second Asia fund, closed sizeable deals in Japan and India, and completed a strong China exit. Jonathan Zhu, a managing director at the PE firm, looks back and forward
Asia Awards: PE Professional of the Year – Roy Kuan
CVC Capital Partners has completed five investments and two exits in the last 12 months. Managing Partner Roy Kuan, who leads the Asia team, and colleagues Francis Leung and SigitPrasetya, discuss market trends
Asia Awards: PE Deal of the Year – Tianhe Chemicals
Morgan Stanley Private Equity Asia had to overcome trust issues and intense competition to secure its $300 million investment in Tianhe Chemicals. Chief Investment Officer Homer Sun explains how it happened
Asia Awards: VC Deal of the Year – Xiaomi
The hugely successful launch of Xiaomi’s smart phone, and the subsequent $216 million Series C round, justified Morningside Technologies and Qiming Venture Partners’ early faith in the Chinese company
Asia Awards: Exit of the Year – King’s Safetywear
Navis Capital Partners' acquisition of King’s Safetywear in 2008 didn’t happen at an opportune time. One week after the firm completed its $62 million take-private deal and de-listed King’s from the Singapore Stock Exchange, Lehman Brothers collapsed...
Asia Awards: Fundraising of the Year – PAG
Given the challenging fundraising environment, GPs – especially first-time fund managers – should expect the marketing process to be at best protracted and at worst impossible. The notion doesn’t apply to this year’s winner of the Fundraising...
Asia Awards: Special Achievement – Lewis Rutherfurd
In AVCJ's 25th year, the Special Achievement Award – which recognizes an individual who has distinguished himself or herself over a long period of time in developing the industry – went to a man who can claim more credit than most for getting the...
Asia Awards: VC Professional of the Year – Sanjeev Aggarwal
SanjeevAggarwal, managing partner at Helion Venture Partners, reflects on a successful fundraise, the popularity of Indian venture capital, and a portfolio that is becoming increasingly international
Cleantech: Moving beyond subsidies
With its reputation for lackluster returns and dependence of government support, investors have shied away from cleantech, but GPs are bullish about its ability to stand on its own feet