Regions
Creador takes proprietary route to MNC IPO
One of the biggest criticisms leveled at private equity firms that anchor IPOs is that LPs expect them to do proprietary investments. When Saban Capital and Creador Capital performed the anchor role for MNC Skyvision’s $228 million offering earlier...
Kerogen Capital raises $1b for debut energy fund
Kerogen Capital has reached a final close in excess of $1 billion for its debut energy-focused fund. Investors include North American foundations and endowments, family offices, fund-of-funds, an affiliate of a Middle East sovereign wealth fund, and investors...
A Capital bets on B&O’s China growth story
Just three months ago, 87-year-old Danish electronics manufacturer Bang & Olufsen (B&O) announced worse-than-expected third quarter results: revenue was down 7% year-on-year while pre-tax profit fell by 37%. The company blamed poor sales in Europe and...
Abraaj appoints Tom Speechley as Aureos CEO
Tom Speechley, a senior partner at Abraaj Capital, has been named CEO of Aureos Capital. The appointment coincides with the completion of Abraaj’s acquisition of Aureos and its emerging markets small- and mid-cap investment platform.
Profile: Squadron Capital's Anand Prasanna
Anand Prasanna has gone from learning about business in the backwaters of southern India to working for Squadron Capital, one of Asia’s leading indigenous fund-of-funds. He also makes angel investments
WinIT Software to raise $5m from PE
WinIT Software, an Indian mobile developer, is planning to raise INR275 million ($5 million) from private equity investors to scale up its operation outside India. A deal is expected to happen in the next 4-5 months.
FountainVest reaches first close of $1b on second China fund
FountainVest Partners has reached a first close of just over $1 billion on its second China-focused fund. The vehicle has only been in the market for about four months, but it is already nearing its full target of $1.25 billion. Sources familiar with...
Red Fort to raise $500m for third fund - report
Red Fort Capital Advisors is reportedly planning to raise $500 million next year for its third Indian real estate fund.
China’s PiYi Investment to fund US companies
PiYi Investment Management, a Chinese private equity manager for high-net worth investors, has teamed up with Wisconsin Economic Development Corporation (WEDC) in the US to invest $100 million in Wisconsin companies.
CVC, Standard Chartered in $850m Infastech exit
CVC Capital Partners and Standard Chartered Private Equity have exited Hong Kong-based fastener manufacturer Infastech to Stanley Black & Decker for $850 million in cash. The strategic investor emerged the victor in a two-round auction process. It was...
CHAMP PE seeks exit from New Zealand’s Blue Star
CHAMP Private Equity-owned Blue Star has suspended trading on the New Zealand Stock Exchange in anticipation of an announcement that the business is up for sale. It comes after the struggling communications company said in June that it had won the support...
TPG resumes Billabong pursuit with $712m buyout offer
TPG Capital has renewed its interest in Billabong International, tabling a A$694 million ($712 million) takeover bid for the Australian surfwear manufacturer. The offer is A$147 million lower than the private equity firm’s previous bid for Billabong,...
Chinese insurers to outsource investment management
The China Insurance Regulatory Commission (CIRC) will allow insurance companies to outsource their investment management businesses to brokerages and fund houses as part of efforts to diversify investment channels.
Carlyle raises $738m in latest China Pacific sell-down
The Carlyle Group has sold $723 million of shares in China Pacific Insurance (CPIC) through a block trade, marking the private equity firm's fifth partial exit from the company since December 2010. Total returns are in excess of $4 billion, putting Carlyle...
CVC seeks investor for Nine - report
CVC is seeking an investor to purchase a significant equity stake in the debt-laden Nine Entertainment. The transaction would allow the private equity player to reduce its $2.9 billion in senior loans due for repayment in February 2013.
Navis sells Nirula's to Indian trade buyer
Malaysia-based private equity firm Navis Capital Partners has sold its 100% stake in Indian restaurant chain Nirula's Corner House to hotel and real estate group A2Z Excursions.
TLG Capital bets on Myanmar cruise company
UK private equity firm TLG Capital is reportedly planning to establish a company that will operate cruises in Myanmar, investing via its holding in Compagnie Fluviale du Mekong, one of Cambodia's oldest river cruise businesses.
STIC exits Jeil Hydraulics for 3.1x return
STIC Investments has exited its stake in Jeil Hydraulics, a Korean manufacturer of hydraulic motors and related components, to Eaton Corporation for KRW30.8 billion ($26.8 million). The investment generated a 3.1x money multiple.
Warburg sues Titan Petrochemicals in Hong Kong
Warburg Pincus has sued portfolio company Titan Petrochemicals Group and some of its executives in Hong Kong’s High Court, citing misrepresentation and breaches of contract. This comes as the debt-laden shipping and oil storage firm continues talks...
US-China start-up incubator launches accelerator program
InnoSpring, Silicon Valley’s first US-China technology start-up incubator, has launched a six-month accelerator program targeting companies in mobile internet, cleantech and healthcare IT industries.
Yinglan Tan joins Sequoia Capital India
Yinglan Tan, formerly head of projects at Singapore’s National Research Foundation, has joined Sequoia Capital India as a venture partner.
A Capital backs Bang & Olufsen for China growth
A Capital has teamed up with Chinese luxury goods distributor Sparkle Roll to pay $30 million for a 7.71% stake in Denmark's Bang & Olufsen (B&O). The electronics manufacturer is looking to increase sales in China to offset weak demand in Europe and the...
Identifying good GPs is biggest LP challenge in SE Asia - AVCJ Singapore Forum
Finding the right fund manager is the greatest challenge facing LPs investing into Southeast Asia, according to panelists at the AVCJ Forum in Singapore on Thursday. The second greatest challenge is ensuring they remain the right managers.
Creador confirms MNC Skyvision investment
Creador Capital has confirmed it invested $28 million in Indonesian pay TV operator MNC Skyvision’s IDR2.15 billion ($228 million) IPO. The committed capital includes $13 million from a co-investor.