South Asia
PE Deal of the Year – Hyva
UNITAS CAPITAL’S BUYOUT OF DUTCH cylinder-maker Hyva earlier this year was a landmark private equity deal in that it was the first in Asia to be backed by a high-yield bond. Not only did the company’s $375 million bond issue set a precedent for other...
PE sees rise in post-deal disputes
Post-closing claims against PE firms have shot up since the global financial crisis, causing cash to be held back from exits and IRRs to suffer. What does it mean for Asia?
Fundraising of the Year – Baring Private Equity Asia
Global private equity majors including KKR, Bain Capital and TPG say that now is the time to raise Asian megafunds, but for Baring Private Equity, which closed its $2.4 billion fifth vehicle in just six months earlier this year, it’s good to get in early....
Private Equity Professional of the Year – Peter Wiggs
“It's been quite a year,” Peter Wiggs reflected as he collected the prize for Private Equity Professional of the Year at the 2011 Asian Private Equity & Venture Capital Awards.
IDFC teams with corporates to launch Indian infra JV
IDFC Project Equity Fund has teamed with Mumbai-based Ashok Piramal Group (APG) and Canadian engineering firm SNC-Lavalin Group to launch a joint venture to develop public-private roads and highway projects across India.
Morgan Stanley names Godbole head of India real estate
Morgan Stanley has appointed investment banking veteran Shirish Godbole as its head of Morgan Stanley Real Estate Investing (MSREI) India, replacing Naresh Naik who left the firm earlier this month to spin off his own investment fund.
IFC highlights focus on India
The International Finance Corp. (IFC), the World Bank’s investment arm, has reported that 8.8% of its total portfolio in 2011 is focused on India, marking the largest commitment to any one region.
India's Maini Global Aerospace gets $10m in PE funding
Maini Global Aerospace (MGA) has received a $10 million investment from a foreign private equity fund. The Indian company will use the funding to build a new factory and is already looking for an additional $50 million to further expand its capacity....
Aloe 'to count IFC among LPs' in third fund
International Finance Corp. (IFC), the investment arm of the World Bank, is reportedly poised to join the LP roster for Aloe Private Equity's its third fund, Aloe Environment Fund III.
India alters rules on anchor investors, PE disclose for IPOs
Anchor investors in IPOs by Indian companies must put in at least INR50 million under new rules introduced by the Securities and Exchange Board of India (SEBI). The threshold, designed to ensure that only serious players enter the fray, comes alongside...
Actis gets $250m from Washington State Investment Board
Washington State Investment Board has committed $250 million to Actis’ latest emerging markets vehicle as part of a more than $550 million allocation to global private equity managers made earlier this month. The other beneficiary was Apax Partners’ eighth...
Blackstone plans up to $720m annual commitment to India
The Blackstone Group is considering a $500-720 million annual injection into India over the next few years, said Akhil Gupta, the firm's chairman and managing director for the country. He added that the firms has invested nearly $1.8 billion in the market...
SKS Microfinance Chairman Vikram Akula resigns
The founder and chairman of embattled microlender SKS Finance, Vikram Akula, has resigned his post after 14 years at the firm. It comes as the publicly listed lender looks to recoup costs amid an increasingly difficult business environment.
JPMorgan to back Bangalore residential property projects
A JPMorgan proprietary fund will invest INR2 billion ($40 million) in five Bangalore-based residential projects being developed by Nitesh Estates. With the US investment bank’s backing, the Indian real estate firm is expected to raise debt to fund the...
Indian emu processing unit tipped for VC backing
India’s first-ever emu processing unit may receive backing from the Ministry of Agriculture through the Poultry Venture Capital Fund.
Indian investors reconsider structures
Proposed tax reforms are threatening Mauritius’ dominant position as the preferred foreign investment conduit for India
Indian tech VC: Where's the exit?
MakeMyTrip’s stellar IPO on NASDAQ last year has a host of other companies preparing to follow suit. The implications for VC are unclear
In defense of PIPEs
India fund managers see investments in public equities as part of a flexible strategy that is essential to success in the country
India fundraising: Survival of the fittest
India has seen plenty of private equity spinouts but an increasingly difficult fundraising environment is expected to separate the men from the boys
Established Indian GPs shine in fundraising
It's not secret that many private equity firms are gearing up for a major fundraising spree in Asia. From the global firms like KKR, Bain and TPG to the Asia-based regional funds and focused, country-specific funds, private equity vehicles are in the...
Apax-backed iGate plans to take Patni private
Apax Partners-owned iGate plans to buyout Patni Computer Systems’ minority shareholders and delist the company from the Bombay Stock Exchange, National Stock Exchange of India and the New York Stock Exchange. The purchase will be funded through a debt...
Tata Capital, IFC form cleantech investment JV
Tata Capital and the International Finance Corporation (IFC) have established Tata Cleantech Capital Ltd (TCCL), which will provide capital to Indian small- and medium-sized enterprises (SMEs).
Kingfisher closes in on $370m injection
Debt-ridden Indian airline Kingfisher is nearing the close of a $370 million recapitalization deal with an Indian private investor and a group of banks that should prevent it from collapsing.
MSPEA-backed Biotor close to shuttering - report
Morgan Stanley Private Equity Asia’s (MSPEA) first and only Indian portfolio company from its pan-Asian fund, Mumbai-based biofuel company Biotor Industries, is reportedly on the verge of closing its operations, which could leave MSPEA out of its INR2...