Regions
Japan's CyberAgent invests in Taiwanese start-up
CyberAgent Ventures has invested $500,000 in Polydice, the Taiwanese start-up behind recipe-themed social network iCook.tw
Carlyle to buy Diversey Japan from Sealed Air
The Carlyle Group has agreed to by Japanese sanitation business Diversey Japan from the Sealed Air Corporation for JPY30 billion ($377 million).
China Everbright-Macquarie infra fund makes first investments
The Greater China Infrastructure Fund, a $1.5 billion vehicle jointly launched by Macquarie Group and China Everbright, has made its first investments in two Chinese companies.
Allegro Funds leads MBO of Australia’s Hastie Services
Allegro Funds has completed a management buyout of Australian industrial services group Hastie Services, months after parent company Lazard-backed Hastie Group went into administration.
New Silk Route to buy Nando’s India franchise – report
New Silk Route (NSR) will reportedly acquire a 74% stake in the Nando’s India franchise as it continues efforts to build a platform of India restaurant assets.
Squadron joins forces with FLAG
The future of independent Asian fund-of-funds has long been a matter for debate if only due to the resource pressures. Fundraising can be a protracted process, which means some people spend long periods on the road; stricter compliance requirements are...
CHAMP PE completes lighting take-private
Take-private deals are a challenge in Australia. Conflict creates headlines, but the country appears to see its fair share of majority shareholders falling out with prospective private equity investors despite the fact that share prices have turned against...
Ekuinas acquires Malaysian shipping services provider
Ekuinas, the Malaysian sovereign wealth fund, has completed a MYR220.9 million ($72.3 million) buyout of OMNI Petromaritime, a company that provides offshore support vessels to the oil and gas industry. Ekuinas acquired an 82.5% stake in OMNI for MYR150.9...
VIDEO: Thomas H. Lee of Lee Equity Partners
Thomas H. Lee, managing partner of Lee Equity Partners, talks to AVCJ TV about the evolution of the US private equity industry, his decision to leave buyouts for growth capital, how investors can identify good managers, and his expectations for China
Anacacia agrees to sell Rafferty's to H.J. Heinz
Anacacia Capital has agreed to sell baby-food producer Rafferty’s Garden to H.J. Heinz, prompting a review by the Australian Competition and Consumer Commission (ACCA). There is sufficient crossover between the two companies’ businesses that the commission...
Japan's NTT DoCoMo to set up $125m venture fund
Japanese mobile giant NTT DoCoMo is to set up a venture fund and incubation program targeting mobile business models and technologies.
Hedge fund Dymon branches into PE – report
Hedge fund manager Dymon Asia Capital is said to have launched a private equity vehicle with support from Singaporean sovereign wealth fund Temasek Holdings. It is the latest in a string of managers to offer both hedge fund and PE strategies under one...
Axis CEO Arun Korati to join IL&FS – report
Arun Korati, managing director and CEO of Axis Private Equity, is reportedly stepping down to join IL&FS Investment Managers (IIML), the private equity arm of Infrastructure Leasing & Financial Services (IL&FS).
KPMG opens Myanmar office
KPMG is opening an office in Myanmar, becoming the first of the Big Four accounting firms to establish a presence in the frontier market.
Taiwan’s SinoPac to enter fund admin business
Taiwanese financial services company SinoPac plans to set up a fund administration unit in Hong Kong targeting private equity and hedge funds with less than $100 million in assets under management.
CVC names three co-chairmen to succeed Michael Smith
CVC Capital Partners’ chairman, Michael Smith, will retire in January and be succeeded by Donald Mackenzie, Rolly van Rappard and Steve Koltes. The announcement comes as the private equity firm prepares to launch its latest global buyout fund with a...
Blackstone to buy Shanghai office tower
The Blackstone Group has reportedly agreed to purchase Shanghai’s Huamin Imperial Building, an office tower valued at approximately RMB7 billion ($1.12 billion).
Clifford Chance appoints new head of Asia Pacific corporate practice
Clifford Chance has named Mark Shipman as the new head of its Asia Pacific corporate practice, replacing Roger Denny, who is stepping down after 10 years. Shipman will continue to lead the firm’s global funds and investment management practice, while...
Apax-owned Travelex to expand in China
Apax Partners-owned Travelex will expand its China footprint on becoming the first overseas operator to receive a nationwide foreign exchange license. The company plans to add a further 20 outlets in the next year to its current tally of 35, begin rolling...
Japan mulls bank rule change, prompts protectionist fears
The Japanese Government is considering altering regulations to allow banks to own larger stakes in Japanese companies, prompting fears of protectionism among the private equity community.
LPs chose direct route into Indian property
APG Asset Management, the group responsible for one-third of all collective pension schemes in the Netherlands, plans to make direct investments into Indian real estate rather than make commitments to private equity funds.
Dhingana raises $7m in Series B funding from VC players
Lightspeed Venture Partners has led a $7 million Series B funding round for Dhingana, a Indian social music streaming site. Existing investors Inventus Capital Partners and Helion Venture Partners also participated.
CPPIB acquires interests in two Australian shopping malls
Canada Pension Plan Investment Board (CPPIB) has acquired interests in two Australian shopping centers through a A$436 million ($450 million) investment in AMP Capital Retail Trust. CPPIB now has a 37% stake in the trust, which in turn owns 50% of Macquarie...
Korean court says Woongjin will honor MBK’s Coway deal
A South Korean court overseeing bankruptcy proceedings of Woongjin Holdings has said that the company’s biggest shareholder will honor an agreement to sell a controlling stake in subsidiary Woongjin Coway to MBK Partners. The deal was put on hold last...