Region
General Atlantic nears Snapdeal investment – report
General Atlantic is reportedly closing in an investment in online retailer Snapdeal, which would represent its first foray into Indian e-commerce. The private equity firm will participate in a round of funding worth $80-100 million.
Entrepreneurs launch Korea start-up accelerator
A group of South Korean serial entrepreneurs has launched a start-up accelerator intended to connect domestic companies with their global counterparts. Advisors and mentors to the program include US tech entrepreneur and Dallas Mavericks owner Mark Cuban...
Asia fundraising: A box-checking exercise
Was I surprised last week to find out that FountainVest Partners had accumulated more than 80% of the capital targeted for its second China fund after less than five months on the road? Not particularly. In a difficult fundraising environment, this particular...
LP interview: New York State Common Retirement Fund
New York State Common Retirement Fund has put scandals behind it and, buoyed by two years of positive performance and limited liabilities overhand, is looking to boost Asia private equity exposure
TPG in rare China leveraged buyout
TPG Capital's full acquisition of packaging firm HCP Holdings, worth approximately $500 million, has a strong claim to be the largest ever leveraged buyout of a Chinese company. This is notoriously difficult territory for dealmakers and PE statisticians...
Australian advertising: Private equity goes outdoors
Australia’s outdoor advertising industry has seen three large investments from private equity firms in recent months. Is wider sector consolidation imminent?
China biotech: Elusive innovation?
PE and VC investors want to leverage China’s rapidly growing biotech industry, but few firms have a proven ability to commercialize their innovations in drug development. Change will come, gradually.
Warburg Pincus backs Chinese children's goods retailer
Warburg Pincus has invested $55 million in Chinese maternity and children’s goods retailer Kidswant. The capital will be used to increase store numbers and boost the company’s growth plans.
Macquarie raises $625m for Philippines' first infra fund
Macquarie Group has announced a first and final close on $625 million for its Philippine Investment Alliance for Infrastructure (PINAI). It is the first-ever Philippines-dedicated infrastructure fund.
PE to join in on $504m DLF land buyout
A private equity player is thought to have teamed up with Lodha Group to buy a 17.5-acre plot of land in India from DLF, the country's largest developer, for INR28 billion ($504 million).
Korea's Woongjin, KTB Private Equity in $1b Coway deal
KTB Private Equity, an affiliate of South Korean financial services company KTB Investment & Securities, will team up with Woongjin Holdings to buy a 31% stake in water purifier manufacturer Coway for KRW1.2 trillion ($1 billion). The target company is...
Warburg's Future Capital offer faces delays
Warburg Pincus’ offer to buy a 26% stake in India's Future Capital Holdings (FCH), the financial services unit of the Future Group, has been delayed despite reports that the $100-125 million deal was finalized last month.
SCPE backs Sri Lanka's Abans with $40m - report
Standard Chartered Private Equity has reportedly invested $40 million in Sri Lankan family-owned business Abans.
KBank to launch Thailand's first infrastructure fund
Kasikornbank, the financial adviser to Solar Power, a subsidiary of Thailand's biggest solar-farm developer SPCG, is in the process of raising the country's first infrastructure fund. It is targeting THB5 billion ($158 million).
Sequoia invests in India healthcare services start-up
Sequoia Capital India has invested INR250 million ($4.6 million) into Bangalore-based Practo Technologies, a cloud-based clinic management platform. The Series A round will support the company's global expansion plans.
Babson to incrase Asia-Pacific lending
Babson Capital Management plans to increase the loans it provides in Australia and Asia, as borrowers are prepared to pay high interest rates due to the withdrawal of several European banks from the region.
Blue Sky pumps $2m into Australian skincare firm
Blue Sky Alternative Investments has invested $2 million in Milk & Co, the Australian skincare company founded by Olympic swimmer Michael Klim.
China relaxes QFII rules to include private equity
Private equity firms will be allowed to apply for licenses under China's Qualified Foreign Institutional Investor (QFII) program, offering greater freedom to invest in domestic debt and equities. The move is part of wider efforts to open up and liberalize...
WI Harper leads Series B round for AdMaster
W.I. Harper has led a Series B round of funding for AdMaster, a China-based digital marketing service provider. GSR Ventures, which invested in the company’s Series A round in late 2010, also participated.
Navis exits Indonesia education business to Pearson
Navis Capital Partners has exited the Indonesian arm of English-language education business Wall Street Institute (WSI) to Pearson. The global publishing and education company is paying $16.3 million for the asset, which represents a 10x return for Navis....
Korea's Woori sale fails yet again as no bidders materialize
The South Korean government’s latest attempt to exit its controlling stake in Woori Finance Holdings has failed after no one submitted a preliminary bid. The country’s financial regulator subsequently said “it would be difficult to mount another attempt...
Bedell Cristin to offer BVI legal services from Singapore
International law firm Bedell Cristin has opened an office in Singapore from which it will provide British Virgin Islands (BVI) legal services to clients throughout Asia. Stephen Adams, who joined Bedell from BVI law firm Barker Adams at the beginning...
Southern Capital revises Adventa MBO offer
Southern Capital Group and a director of Adventa have submitted a revised takeover bid for the Malaysian medical products manufacturer. The offer still stands at MYR320.85 ($100 million), or MYR2.10 per share, but now excludes Adventa’s interests in Sun...
Want Want China unsure about CNS purchase conditions
Want Want China, leader of a group seeking to buy Taiwan cable TV provider China Network Systems (CNS) from MBK Partners, said Thursday that the $2.4 billion sale remains uncertain because of conditions imposed by regulators.