Regions
IFC invests $25m in Quadria Capital’s healthcare fund
International Finance Corporation (IFC), the private investment arm of the World Bank, is planning to invest $25 million into Quadria Capital’s $300 million private equity fund. The vehicle focuses primarily on healthcare sector assets across South...
Bain raises $69.7m through Sunac sell-down
Bain Capital has raised HK$540 million ($69.67 million) by selling a portion of its shares in Sunac China Holdings, a Hong Kong-listed Chinese property developer.
Sequoia, Canaan Partners invest $6.3m in Adnear
Sequoia Capital and Canaan Partners have invested INR350m ($6.3 million) in AdNear, a location-based mobile advertising platform, in a Series A round of funding.
Ex-Carlyle Southeast Asia head joins CIMB
The former Southeast Asia head of The Carlyle Group, Anand Balasubrahmanyan, has joined Malaysia's CIMB Group, where he will have responsibility for the firm's private equity products.
TriReme Medical closes $18m round led by Luminor Capital
Singapore-based Luminor Capital has a led a $18 million financing round in TriReme Medica, a medical device company based in Pleasanton, California and Singapore. Major existing investors and new Asian investors also participated.
Maine PERS commits $30m to Affinity’s fourth Asia fund
Affinity Equity Partners has secured a $30 million commitment for its fourth pan-Asia fund from the Maine Public Employees’ Retirement Systems (Maine PERS). It was one of four investments, each of the $30 million that the $11 billion pension plan announced...
PE-backed AAG plans $200m Hong Kong IPO – report
Asian American Gas (AAG) Energy, a China-based gas developer backed by Warburg Pincus, Baring Private Equity Asia and Chengwei Ventures, is reportedly planning to raise up to $200 million through a Hong Kong IPO.
MBK reaches first close of $1.25b on Fund III
MBK Partners has reached a first close of $1.25 billion on its third buyout fund, industry sources have told AVCJ. The vehicle launched in September and has a full target of $2.25 billion. MBK declined to comment.
Beyond banks: Alternative financing in India
Recognizing India’s demand for financial products that involve more than just equity, traditional PE firms are targeting structured credit, joining distressed players that used to call the territory their own.
Power play: India’s power sector
Private equity investors are less bullish on India’s power sector in the light of widespread negative investor sentiment, but lower valuations and long-term fundamentals still offer attractive entry points
India exits: Sticking point
India’s private equity industry is caught in a bind: LPs are wary of committing capital to GPs without evidence of exits, but weak capital markets – and in some cases an unwillingness to sell – are limiting liquidity
Q&A: Everstone Capital's Sameer Sain
Sameer Sain, co-founder and managing partner of Everstone Capital, on exit channels, areas of interest for investments and taking foreign companies into India
Indian PE: Time to return?
We are proud to be hosting the 13th annual AVCJ Private Equity & Venture Forum India in Mumbai this year. The sentiment for the 2012 event seems somewhat different from previous years. Obviously, we all know that private equity in India is in a state...
Baird appoints Satoshi Matsumoto as Japan-focused MD
Baird has appointed Satoshi Matsumoto to its investment banking group as managing director and director of Japan M&A.
CITIC Captial to acquire Japan’s Polymatech
CITIC Capital Partners has agreed to acquire 100% of Polymatech, a manufacturer of polymer parts for the electronics industry, based in Fukushima.
CITIC Capital in advanced talks on AsiaInfo take-private – report
CITIC Capital is reportedly close to securing a management buyout of AsiaInfo-Linkage, the US-listed telecoms software manufacturer, to take the company private. The companies are said to be in advanced talks and the deal was thought to be worth around...
OPIC funds head Jay Koh to return to private sector
Jay Koh, head of investment funds and chief investment strategist at the Overseas Private Investment Corporation (OPIC), will leave the group at the end of November to return to the private sector. He will relocate to New York.
Sequoia backs Chinese online lender Ppdai
Sequoia Capital has invested in a Series A financing round of Ppdai, a Chinese peer-to-peer online lending firm. The capital is expected to expand the company’s capacity on technology infrastructure and marketing campaigns.
Shanghai Private Equity Association to launch fund-of-funds
Shanghai Private Equity Association will partner with CITIC Securities and Bank of Shanghai to establish a RMB3 billion ($482 million) fund-of-funds.
Muddy Waters founder may launch hedge fund
The founder of short-seller research firm Muddy Waters, which claims responsibility for exposing financial irregularities among US-listed Chinese companies, is considering launching a hedge fund.
China Life to support Suzhou infrastructure fund
China Life has partnered with the government of Suzhou to roll out a RMB10 billion ($1.6 billion) infrastructure fund. It said to be the first private equity infrastructure fund launched by a domestic insurer.
Mandarin Capital opens offices in Beijing, Munich
Sino-European private equity firm Mandarin Capital Partners is opening two new offices in Beijing and Munich, Alberto Forchielli, the firm's founding partner, told AVCJ. The moves come as the PE player is in the process of raising its EUR1 billion ($1.3...
Korean start-up accelerator appoints new GPs
Korean start-up accelerator SparkLabs has appointed Jay McCarthy and Awy Julianto as general partners. They are managing partner and general partner, respectively, at Singapore-based boutique M&A and financial advisory firm Pacific Advisors.
Japan’s GPIF selects groups for PE feasibility study
Japan’s Government Pension Investment Fund (GPIF) has chosen four companies to conduct feasibility studies for possible future investments in alternative assets, including private equity.