Region
Temasek, Bain in race for TPG's Shriram Transport stake - report
Temasek Holdings, Bain Capital and Piramal Group, a conglomerate run by Ajay Piramal, are reportedly leading the race to acquire TPG Capital's 20% stake in Shriram Transport Finance Corp (STFC), one of the leading commercial vehicle lenders in India....
Carlyle-backed Haier offers $705m for Fisher & Paykel
Carlyle-backed Haier Group has put in a NZ$869 million ($705 million) buyout offer for Fisher & Paykel Appliances (F&P), the New Zealand-based kitchen and appliance manufacturer. The Chinese company is willing to pay NZ$1.20 per share in cash - a 15.4%...
Carlyle, Multiples back South Indian Bank
The Carlyle Group and Multiples Alternate Asset Management have participated in a qualified institutional placement (QIP) for South Indian Bank, which raised INR4.4 billion ($80 million) from eight investors.
Banks invited to finance PE-backed Focus Media buyout - report
Banks in Asia are reportedly being approached to provide up to $1.7 billion in financing for the private equity-backed management buyout of NASDAQ-listed Focus Media Holding.
Actis appoints two new directors in Asia
Actis has appointed two new directors, Danny Koh and Max Lin, who will be based in Singapore and Beijing, respectively. Koh will be head of deal origination for Southeast Asia while Lin will focus on China investments.
State banks launch Sino-French fund
The role of Chinese PE firms in outbound investment is poorly defined: In the absence of clear guidelines, participants must win approval from every single regulator. One way to avoid the red tape is by partnering with a government-backed entity, which...
Century Bridge in China fund debut
Raising a China-focused first-time fund is rarely easy, a Century Bridge can attest. Tom Delatour, CEO of the real estate private equity firm, came to China in 2006, assembled a team of investment professionals, and launched a fund in spring 2010. The...
Star potential: Celebrities turn to VC
Chinese basketball star Yao Ming recently upped his involvement in private equity, prompting speculation that other Asian celebrities will follow suit. Can they be successful?
Chinese courts threaten PE protection
Private equity firms routinely use value adjustment mechanisms to incentivize entrepreneurs and offer down-side protection. Two Chinese court rulings have now called them into question.
GPs' optimism: Korea redux
Despite a few issues, South Korea has always been a favored market for Asian private equity investors. That is hardly surprising as the many of the best performing transactions in the history of the asset class in Asia have come out of Korea. It could...
PAG announces final close of $2.5b on Asia fund
PAG has announced a final close on its debut private equity fund at $2.5 billion. PAG Asia I is a pan-regional buyout vehicle with a particular focus on China. The vehicle is slightly larger than Baring Private Equity Asia's fifth vehicle, which closed...
China investment in Europe surges in second quarter
China’s outbound direct investment reached $24 billion in the second quarter of 2012, up 67% year-on-year, according to a research published by Sino-European private equity firm A Capital. Investment in Europe – which accounts for 48% of total deals by...
CLSA Capital Partners invests $15m in India's Earth Water
CLSA Capital Partners (CLSA CP) has invested $15 million for a 20% stake in New Delhi-based Earth Water Group (EWG), a water and wastewater management company.
IFC confirms $20m India energy fund commitment
International Finance Corporation (IFC), the private investment arm of the World Bank, has confirmed its $20 million investment in Nereus India Alternative Energy Fund, a vehicle focused on renewable power generation and clean technologies.
Carlyle-backed China Pacific taps sovereign funds
China Pacific Insurance, a portfolio company of The Carlyle Group, has sold HK$10.4 billion ($1.3 billion) in new shares to Government of Singapore Investment Corp. (GIC), Norges Bank and Abu Dhabi Investment Authority (ADIA).
IFC considers loan for India wind power portfolio company
International Finance Corporation (IFC) may provide a $19 million loan to India’s NSL Group to support the development of a wind farm in the western state of Maharashtra. IFC already holds a 9.3% stake in the NSL subsidiary responsible for the project...
Lazard extends Australia corporate advisory reach
Lazard Australia has agreed to purchase independent corporate advisory firm O’Sullivan Partners. The Sydney-based player is an acknowledged media specialist and can also claim to have won several notable private equity mandates, including three from KKR....
Nexus closes third India fund at $270m
Nexus Venture Partners has announced a final close for its third fund at $270 million, around $50 million more than for its previous vehicle. Investors include endowments, foundations and financial institutions across North America, Europe and Asia. All...
China, Russia sovereign funds invest in forestry firm
China and Russia’s sovereign wealth funds will invest $200 million for a minority stake in Russia Forest Products. This will be the first investment channeled through the Russia-China Investment Fund, a joint private-equity fund established by China Investment...
MGPA announces first close on Asia real estate fund
MGPA, a private equity real estate investment firm, has held a first close on a EUR500 million ($639 million) Asia property fund targeting German investors. The vehicle has so far received EUR85 million ($109 million) from three German institutions.
Goldman tables Nine Entertainment debt proposal – report
Goldman Sachs has reportedly put together a restructuring proposal for Nine Entertainment that would see the Australian company’s A$3.8 billion ($3.9 billion) in debt convert to equity, writing off the vast majority of CVC Capital Partners’ investment....
Warburg Pincus gets FIPB approval for Future Capital deal
Warburg Pincus has won approval from India’s Foreign Investment Promotion Board (FIPB) for a INR8.08 billion ($145 million) investment in non-bank finance company (NBFC) Future Capital Holdings.
Advantage Partners poised for Rex Holdings exit
Advantage Partners is preparing to exit a 66% holding in Japanese restaurant operator Rex Holdings to Colowide. Local media said the transaction, worth JPY13.7 billion ($175 million), would close as early as October.
Blackstone appoints ex-Archer partner as Australia senior advisor
The Blackstone Group has appointed James Carnegie as a senior advisor based in Sydney, where he will focus primarily on developing the firm’s private equity activity in Australia. He previously spent seven years at Archer Capital, leaving the local GP...