Southeast Asia
Malaysian funds swap Apollo Hospital stakes
Malaysian sovereign wealth fund Khazanah Nasional Bhd has invested INR470 crore ($104 million) in leading Indian healthcare chain Apollo Hospitals, taking a 8.82 % stake from Bisikan Bayu Investments, another Malaysian government fund.
CVC invests $269 million in Indonesian media group
European private equity firm CVC Capital Partners will invest 2.35 trillion rupiah ($269 million) in the cable TV and internet units of Jakarta-based media group PT First Media, taking a strategic partnership position, the company announced.
Khazanah may sell Pos stake
Malaysian sovereign wealth fund Khazanah Nasional Bhd. is reportedly looking to offload its 32.2% stake in Pos Malaysia Bhd., a Malay postal services company, by April 12.
KKR puts MMI listing on hold – reports
Less than one month after news surfaced of KKR’s ambition to offload Singaporean engineering firm MMI Holdings via an IPO onto the Singapore Exchange, the PE major has reportedly cancelled its plans for a listing.
Clean Water takes over Sinomem for S$351m
Clean Water Investment, an affiliate of private equity firm CDH China Management, is to acquire Singapore-listed water treatment group Sinomem Technology Limited via a voluntary conditional cash transaction, according to a document sent to the Singapore...
Mekong invests in Vietnamese chemical distributor
Mekong Capital has purchased an undisclosed stake in Vietnamese specialty chemical distribution firm Asia Chemical Corporation for $3.4 million - capital invested from the PE firm’s Mekong Enterprise Fund II Ltd. (MEF II)
Affinity, EQT vie for Malaysian glove producer - reports
Affinity Equity Partners and EQT Partners are reportedly competing for a majority stake in Malaysian rubber glove maker YTY Group in a deal estimated to be worth $500 million
Vietnam Infrastructure ups stake in mobile tower builder
Vietnam Infrastructure Limited (VNI), touted as the first publicly traded fund focusing on the country’s infrastructure opportunities, has boosted its stake in telecommunications mobile tower builder Mobile Information Service Joint Stock Company (MIS),...
Driving Asia’s growth
With analysts, economists and private equity fund managers touting the opportunities for investment to capitalize on growth throughout the region, AVCJ takes a look at the macro-economic factors that are contributing to Asia’s development and expansion.
Hutchison Port Holdings aims for $5.8bn in Singapore
Leading Hong Kong conglomerate Hutchison Whampoa is set to list its ports division, Hutchison Port Holdings Trust, on the Singapore Exchange, targeting $5.8 billion as well as the title of Singapore’s largest listing to date.
KKR eyes MMI exit to SGX - reports
Kohlberg Kravis Roberts & Co. (KKR) is reportedly looking to exit its wholly owned, Singapore-based engineering firm MMI Holdings via an IPO onto the Singapore Exchange.
Government PE manager acquires Malaysian education group
Government-backed Malaysian PE fund manager Ekuiti Nasional Bhd (Ekuinas) has taken a 51% stake in the domestic holding company of the Asia Pacific Institute of Information Technology and Asia Pacific University College of Technology and Innovation for...
Temasek China recruits former CICC manager
Singaporean sovereign wealth fund Temasek Holdings has appointed former senior manager of China International Capital Corporation Limited (CICC), Ding Wei, to lead its operations in China.
India's Marico acquires PE-backed ICP
Private equity partners Mekong Capital and BankInVest, with their investor backers, have exited their combined 85% stake in Vietnamese FMCG firm International Consumer Products (ICP) to Indian consumer products group Marico Ltd., for an undisclosed amount.
Credit Suisse welcoms ex-PE head of Schroder Ventures
Credit Suisse has recruited Khim Tan from Schroder Ventures Group Advisers as a Director of the Asset Management division and a Director in the Customized Fund Investment Group (“CFIG”).
Mekong Capital makes fourth exit from Enterprise Fund
Vietnam-focused Private Equity firm Mekong Capital has exited its stake in Minh Phuc Printing and Packaging Company to an unnamed domestic investor.
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.
CVC enters MOU to offload Magnum
CVC Capital Partners has reportedly entered into an MOU with Malaysian Multi-Purpose Holdings Berhad (MPHB) to sell its 47% stake in gaming forecaster Magnum Corp. MPHB also looking to take the 2% stake held by Magnum’s management, giving it 100% ownership...
Affinity to exit Singaporean shipping operator, Jaya Holdings
Affinity Equity Partners is reportedly negotiating with potential buyers to sell its 54.7% stake in Singapore’s Jaya Holdings – a fiscally strained shipping operator – which it has held for more than four years.
Headland, NEA in ValueFirst financing round
Headland Capital Partners Limited (Headland), formerly known as HSBC Private Equity (Asia) Limited, has committed INR 70 crore ($15.4 million) to Indian mobile messaging and communication firm ValueFirst Messaging Pvt. Ltd., with current investor New...
BC Partners’ Fitness First to go public in Singapore
More than six months after UK-based BC Partners announced its intention to take investee Fitness First, touted as the world’s largest gym franchise, public on an Asian exchange, the firm has submitted papers for Fitness First to make its debut onto...
Mount Kellet invests in mine with a history
PRIVATE EQUITY FIRM MOUNT KELLETT Capital Management has injected $100 million in a unit of Vietnamese consumer-product and financial services holder Masan Group.
Investing without rose-tinted glasses
The CEO of global LP Adams Street Partners, sits down with AVCJ to discuss allocation strategies, the PE industry’s challenges and how his wariness of global mega funds paid off post-crisis.
EDBI leads $7m financing round into mobile ad firm
Singapore-based EDB Investments (EDBI) has led a $7 million round of institutional funding for mobile advertising aggregation firm Smaato, with existing shareholders including PE firm Aeris Capital also participating in the financing.