South Asia
L Capital Asia may buy Indian luxury retailer
L Capital Asia, the Asia-based arm of the private equity firm set up by the LVMH Group, has reportedly planned to acquire a significant minority stake in a unit of Gitanjali Gems Limited, India’s luxury brand and products retailer group, for a value...
KKR appoints ex-Clinton staff to public affairs and comms
Kohlberg Kravis Roberts & Co. L.P. has appointed Steven R. Okun, once an administrator under former US President Bill Clinton, as Director of Public Affairs in Asia Pacific, affective on February 13, 2011.
Paul Capital hires two for India sourcing
Global secondaries investor Paul Capital has bolstered its India talent with the appointment of Anand Sunderji and Akshat Shukla as regional sourcing agents, both charged with evaluating secondary PE transactions across the market.
Aditya Birla invests in energy equipment manufacturer
Aditya Birla Private Equity has injected INR625 million ($13.8 million) in Bhopal-based GEI Industrial Systems Ltd., a maker of equipment for the energy sector.
Bain, GIC poised to take stake in India’s Hero Honda
Bain Capital and the Government of Singapore Investment Corporation (GIC) are reportedly nearing a deal with Hero Honda’s promoters, the Munjal family, to buy an up-to 12% minority stake in the motorcycle company. According to local and global reports,...
Real assets, real opportunity
THERE HAS BEEN NO SHORTAGE OF REAL estate opportunities in the post-financial crisis world, however deal values in Asia have dropped as a result of many global investors buying lower-priced assets at home. The same is true here in Asia, as well CB Richard...
Milestone to launch third India real estate fund
Milestone Capital has confirmed that the firm is set to raise an INR500 crore ($110 million) fund – its third – which is slated to invest in real estate developments located in India’s eight largest cities.
Nexus Venture leads funding into Indian coupon site
Nexus Venture Partners has led a $12 million round of VC funding into Mumbai-based Snapdeal.com, an India-focused digital coupon vender.
Accel Partner India launches $400 million fund
Accel Partner, a Silicon Valley’-based venture firm, has set up a $400 million India-dedicated fund, with the aim of targeting opportunities in the domestic growth space, according to local media reports.
TPG among PE suitors targeting Time Technoplast
Several private equity funds, including TPG Capital, have approached Mumbai-based Time Technoplast, a maker of polymer products, to offer their services to raise capital, the company confirmed to local media.
Blackstone eyes first Indian real estate investment - reports
Blackstone is reportedly set to make its first real estate investment in India – an INR200 crore ($44 million) injection in a Bangalore-based firm’s project, according to the Business Standard - coming as the PE giant has been making advances in the...
Kaizen gets IFC nod of approval
Indian education-focused private equity group Kaizen Private Equity is awaiting approval from the board for an investment from the International Finance Corporation. The debut fund is targeting $100 million for investments in and around the education...
Temasek's India MD departs for Tata Capital
Managing Director of Temasek Holdings Advisors India, Padmanabh Sinha, has left the Singaporean sovereign wealth fund to assume the role of Senior Partner at Tata Capital, Sinha told local Indian media.
Komli Media gets $15m from existing investors
Norwest Venture Partners has led a $15 million round of funding in Mumbai-based digital media network Komli Media, with existing investor Helion Venture Partners also participating in the financing.
India's Ybrant gets $48 million in funding round
India-based digital marketing firm Ybrant Digital has received a $48 million round of financing from Oak India Investments and existing investors Hong Kong-based Asia Pacific Capital and ICICI Bank.
KFH launches Islamic fund
KFH Asset Management, a subsidiary of Kuwait Finance House, an Islamic bank based in Kuala Lumpur, will launch a $300 million fund by the end of 2012, according to Reuters. The fund plans to raise capital from Gulf investors, and will also seek money...
General Atlantic's MD Raul Rai resurfaces at Fidelity Growth Partners - reports
Fidelity Growth Partners India has reportedly appointed General Atlantic Partners' recently departed MD Raul Rai as Managing Director, charged with heading its PE business.
Carlyle promotes Parasuraman to Director
US-based private equity giant The Carlyle Group has promoted Mahesh Parasuraman – currently a Vice President of its Asia Growth Fund based in Mumbai – to the role of Director, a firm spokeswoman said.
Macquarie invests in Moser Baer project
The Macquarie SBI Infrastructure Fund is to take an INR5.8 billion ($129 million) minority stake in a New Delhi-based, 2.52 gigawatt thermal power project of Moser Baer, a domestic energy developer.
A glimpse into the future
With 2011 upon us, industry players offer thoughts on the major themes for the year ahead, and for the first time in years, the forecast is largely for blue skies and sunshine.
Global directives and PE
Private equity investing can be thwarted, stalled or propelled into action in certain countries based on legal and tax structures. AVCJ looks at what may affect the industry in 2011.
Tata terminates Olympus Capital deal
Tata Power, one of India's leading and most influential energy firms, has terminated its $300 million investment deal with Olympus Capital just six months after the parties – energized by the prospect of the high-stakes deal – brokered the transaction.
Apax, iGate take Patni Computer for $1.22 billion
A private equity consortium comprising of Apax Partners and its investee iGate is to acquire a 63% stake in Mumbai-based IT services firm Patni Computer for $1.22 billion, news that comes one week after the finalized deal was initially supposed to be...
TA promotes Wadhera to Principal
Director of TA Associates Naveen Wadhera has been promoted to the role of Principal, but will be maintaining the role of Director of the firm’s Mumbai office where he oversees investments in India and other emerging markets.