Region
CDH Investments to raise $350m VC fund - report
CDH Investments is reportedly in the process of raising a new venture capital fund worth $300-350 million. The fundraising is expected to reach a final close by the end of this year.
Ropes & Gray to open office in Seoul
US-headquartered law firm Ropes & Gray has announced that it will open an office in Korea. The firm has become the first foreign practice to gain permission from Korea’s Ministry of Justice to establish a presence in the country.
Bain, GIC in $2b joint bid for Genpact stake - report
Bain Capital has reportedly teamed up with the Government of Singapore Investment Corp. (GIC) to formulate a joint bid for a 41% stake in Indian business process outsourcing (BPO) company Genpact.
Titan considers stake sale as Warburg takes legal action
Titan Petrochemicals, the Hong Kong-listed shipping and oil storage firm, is in talks to sell a controlling stake to an unnamed third-party investor. The announcement comes as the company faces a winding up lawsuit filed by Warburg Pincus.
Ontario Teachers to up India exposure, back Kedaara Capital
Ontario Teachers’ Pension Plan (OTPP) plans to increase its allocations to India and Latin America in order to diversify its emerging markets exposure, which is currently more weighted towards China. The pension plan’s first India commitment was to Kedaara...
India PE lawyer joins Dacheng Wong Alliance
India-qualified corporate lawyer Yang Yen Thaw has joined Dacheng Wong Alliance, the Singapore joint venture between China’s Dacheng and Singapore’s Wong Alliance.
Unison launches $104m offer for South Korea's Nexcon
Japanese private equity firm Unison Capital has launched a KRW119.8 billion ($104 million) tender offer for Nexcon Technology, a manufacturer of products for lithium-ion secondary batteries.
IHH raises $2b from IPO, Abraaj Capital exits
IHH Healthcare, the hospital operator owned by Malaysian sovereign wealth fund Khazanah Nasional, has raised MYR6.3 billion ($2 billion) from its IPO after pricing the offering near the top of the indicative range. Abraaj Capital fully exited its holding...
Singapore's Jungle Ventures invests in Mobikon
Jungle Ventures has led a $ 1.7 million round of investment in Mobikon Asia, a Singapore-India start-up that provides an integrated digital marketing platform to help hospitality and retail clients connect with consumers.
Nirvana Venture backs Indian prepaid services provider
Mumbai-headquartered payments provider TranServ has raised an undisclosed amount from Nirvana Venture Advisors. The investment will allow TranServ to scale up operations and deliver its planned products.
Blackstone to support ex-AIA CEO's ING Asia bid – report
The Blackstone Group has reportedly agreed to support Mark Wilson, former chief of AIA Group, in his bid for ING’s Asia insurance unit. The sale is expected to generate around $7 billion, with Wilson’s consortium targeting ING’s Southeast Asian business,...
PE financing to be targeted in Australia takeover law review
Private equity firms that launch takeover bids for companies without clear financing packages are likely to be targeted in the Australian Securities and Investments Commission’s (ASIC) review of takeover legislation.
Carlyle buys 10% stake in India's Infotech Enterprises
The Carlyle Group has bought a 9.96% stake in Infotech Enterprises, a publicly listed IT firm based in Hyderabad. The investment reportedly facilitates the exit of Kotak India Fund, American Funds Insurance and Small Cap World Funds.
GSR Ventures leads $84m round in Protean Electric
GSR Ventures has led an $84 million funding round in US-based Protean Electric, a developer of in-wheel electric drive systems. The capital will be used to set up manufacturing facilities in Liyang, Jiangsu province, bringing Protean's electric drive...
HAPE clinches $12m FastTrack buyout
Harbert Australia Private Equity (HAPE), a unit of America’s Harbert Management Corp (HMC), has acquired a majority stake in recruitment and payroll software provider FastTrack.
Australian state launches $200m cleantech program
The Australian government has launched a $200 million merit-based grants program designed to encourage businesses to find innovative ways of decreasing greenhouse gas emissions.
Crescent Capital offers $225m for Australia's ClearView Wealth
Crescent Capital Partners has made a A$220 million ($225 million) takeover bid for Australian financial services company ClearView Wealth. Guinness Peat Group, which owns 47.8% of ClearView, said the offer was wholly inadequate and didn’t reflect the...
Q&A: Axiom Asia's Chihtsung Lam and Marc Lau
Chihtsung Lam (CL) and Marc Lau (ML), managing partner and partner, respectively, at Axiom Asia, discuss the relative merits of different markets in Southeast Asia and the fund strategies best suited to addressing them
J.P. Morgan's Australia natural resources head to join PE firm
The head of J.P. Morgan’s Australia natural resources and infrastructure division, Alan Young, is leaving to join private equity firm Prostar Capital, a start-up private equity firm. He will remain with the investment bank until the end of the year.
Bain & Co: Harnessing Southeast Asia's PE potential
Southeast Asia is ever more popular among PE investors. Identifying strong management teams, adding value and cultivating local networks are crucial to making deals work, according to Bain & Company’s Suvir Varma And Hugh MacArthur (pictured).
ASEAN: The integration effect
The Association of Southeast Asian Nations is gradually bringing the region’s economies closer together. Private equity investors stand to benefit but not all businesses are suited to cross-border expansion
Private equity and family conglomerates
There is no avoiding the family conglomerates. Time and again, while researching the Southeast Asia content that forms the bulk of this week’s issue, these large, often widely diversified family-owned businesses crept into conversations. Everyone, it...
SE Asia media peaks PE's interest
A year ago, global private equity firms stopped ignoring Southeast Asia’s media industry and put the sector on their priority list. What changed?
Southeast Asia's renewables: Ignored no more?
Aggressive government targets have drawn private equity and venture capital firms into Southeast Asia’s renewable energy. But success and sustainability depend on more than just government subsidies.