South Asia
Reliance/GTL deal off
The $11 billion merger of Reliance Infratel, Reliance Anil Dhirubhai Ambani Group's cellular tower arm, and Indian independent telecoms major GTL Infrastructure, has been called off after parties failed to reach an agreement, nixing prospects for investment...
Aureos invests $2.2 million in Thai data center provider
Emerging markets-focused Aureos South-East Asia Managers Ltd. has invested $2.2 million in Thai data center provider Unitrio Technology Co. Ltd. from its South East Asia Fund.
Hero Honda's motor stalled
Honda’s motor has reportedly stalled in its attempt to divest its 26.21% stake in its Indian Hero Honda subsidiary as Honda, Hero Honda’s promoters, and private equity suitors have not agreed on the valuation of the stake.
GMR to exit waste-processing project - reports
Bangalore-based infrastructure firm GMR Energy is reportedly set to exit its waste-processing project at the Ghazipur landfill, a clean-energy endeavor it launched with its subsidiary Delhi International Airport Ltd. (DIAL) to convert solid waste into...
Indian pharma firm seeks PE investments
Pharmaceutical firm Zenox Lifesciences Limited looks to raise INR6 crore ($1.3 million) in private equity investments - funding allocated to business expansion measures such as acquisitions.
Baer Capital anticipates first exit, second fund launch in 2010
Baer Capital Partners, an India-focused investment firm based in Dubai, is looking to make its first exit by ushering portfolio company A2Z Group onto an Indian exchange, coming as the four-year-old firm additionally looks to raise a reported $300 million...
GIC hires RREEF Director to head up India realty team
The Government of Singapore Investment Corporation (GIC) has appointed Kishore Gotety, former executive at RREEF Alternative Investments, a division of Deutsche Bank, as Country Head for India real estate.
Evolvence partially exits Consolidated Construction Consortium
Evolvence Capital has begun its divestment process in India’s Consolidated Construction Consortium Ltd. (CCCL), an asset it has been linked to for nearly five years and ushered onto the public stock market.
Aavishkaar makes partial exit in microfinance holdings, refocuses on social enterprises
VC firm Aavishkaar Venture Management has partially exited its stake in its microfinance and micro-venture capital funds, coming as the firm looks to refocus its operations on social-enterprise targets in the coming years.
KKR India hires Goldman Sachs exec as Director
KKR India Advisors has appointed Goldman Sachs’ MD of Principal Investments in India Heramb Hajarnavis as its Director.
IFDA launches in New Delhi for Indian infrastructure
The Infrastructure Finance & Development Asia India Summit 2010 opened for its inaugural conference at the Shangri-La Eros Hotel in New Delhi last week, under the umbrella theme, “Setting Priorities and Mapping Goals for India’s Second Decade of Infrastructure.”...
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Why the EU loves Asian private equity
Milestone Capital's JVs invest in CARE
Milestone Capital has invested INR75 crore ($17 million) in Indian credit-rating agency Credit Analysis & Research Ltd (CARE) via two of its joint ventures, the Milestone Religare Investment Advisors and Capstone Investment Advisors.
Reliance Capital appoints Kela as Chief Investment Strategies
Indian financial group Reliance Capital Ltd. has appointed Reliance Mutual Fund’s Head of Equities Madhusudan Kela as its Chief Investment Strategist, charged with expanding the company’s equities and private equity investments business and developing...
DE Shaw and Reliance Industries to launch $800 million infrastructure fund - reports
DE Shaw and Indian energy powerhouse Reliance Industries are slated to link to launch a $700-800 million infrastructure fund.
Frontline Strategy to launch $150 million fund, its third
PE firm Frontline Strategy is to launch its $150 million Clove Route Fund – its third mid-market vehicle – focused on $10-15 million growth capital investments across sectors in India.
Vriti Infocom gets $5 million from JAFCO, Intel
JAFCO Asia has led a $5 million Series B round of funding into Indian e-learning and exam-preparation company Vriti Infocom, with existing investor Intel Capital also participating.
Norwest, Xander Group take stake in Sadbhav Infrastructure
PE players Norwest Venture Partners and The Xander Group have taken a more than 22% stake in road- and highway-development focused Sadbhav Infrastructure Project Ltd., forking over INR200 crore ($42.7 million) apiece for their control.
Tata Capital in talks to acquire TT Forex
Tata Capital is reportedly nearing a deal with Indian conglomerate TTK Group to acquire its foreign exchange unit TT Forex.
D.E. Shaw to sell holdings in Security & Intelligence Services - reports
Security & Intelligence Services (SIS), a New Delhi-based private security provider backed by global PE firm D.E. Shaw, reportedly aims to raise $100 million by selling shares to a private equity firm, coming as the company looks to expand its operations...
Back to School
Investment into Asia Pacific's education sector, at a glance, appears to be a promising play. Key emerging markets’ GDPs are on the rise, as are levels of disposable household income and consequently a willingness to invest in education. Many of these...
Clearwater Capital takes additional 4% stake in India's Jamna Auto, lifting its total control to 30%
Private Equity firm Clearwater Capital Partners has taken an additional 4.03% stake in Jamna Auto Industries for approximately $3.2 million, strengthening its ties to the company in which it already has a 26.29% stake.
Muthoot raises $9.2 million from Kotak as part of second funding round
One month after Indian non-bank financial company Muthoot raised INR157 crore ($33.6 million) from Baring Private Equity Partners India and Matrix Partners India as part of its first institutional funding round, the company has now garnered an additional...
Sequoia India divests 16% stake in Dr. Lal PathLabs to TA Associates
VC firm Sequoia Capital India has reportedly agreed to sell half of its stake in in Indian diagnostics specialist Dr. Lal PathLabs to US-based PE firm TA Associates, leaving both TA Associates and five-year investor Sequoia with 16% stakes apiece in the...