Southeast Asia

VinaCapital makes 5.3x on Hanoi Liquor sale

Vietnam-based asset manager and real estate development group VinaCapital has announced the sale of its 23.6% stake in portfolio company Hanoi Liquor Joint Stock Company (Halico) to industry player Diageo. The international premium drinks company will...

Dragon Capital clean energy PIPE in Laos

Laos’ position as an investment destination has been improved this week as state-backed Electricite du Laos Generation (EdL Gen) received its second private equity investment in so many weeks, with Dragon Capital purchasing $3.36 million worth of shares...

Temasek sells out of Thai hospital; on the sly?

This week, a letter to the Stock Exchange of Thailand revealed that a 12.6% stake in Bumrungrad Hospital had been sold mid-January by several investors, one of which included Singaporean sovereign wealth fund, Temasek Holdings. Interestingly, the letter...

BNY Mellon creates Sovereign Institutions Group

BNY Mellon, the global asset management and securities servicing company, has formed a new support business, the Sovereign Institutions Group, prompted by the increase in assets under management by sovereign wealth groups globally.

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...

Temasek divests Thai hospital stake

In a letter to The Stock Exchange of Thailand, the Director of Bumrungrad Hospital said that the group has been notified by Temasek – Singapore’s sovereign wealth fund – that it has sold nearly 42.7 million shares of the group for THB29.25 ($0.95)...

Temasek pays antitrust fine

Indonesia’s antitrust agency (KPPU) has reportedly announced that Temasek Holdings has paid 15 billion rupiah ($1.66 million) through its partially owned affiliate, PT Telkomsel, as its portion of an outstanding fine owed after the group was found in...

SingTel unit leads local series A

Singapore Telecom's recently launched venture capital unit, SingTel Innov8, has made its first investment, leading the Series A financing of locally grown 2359 Media. Innov8 invested approximately S$800,000 in the mobile advertisement platform creator,...

2011-feature
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.

  • LPs
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.

Gobi Partners invests in the clouds

Tech-focused VC firm Gobi Partners and Singapore-based EDBI Investments have injected $6 million into cloud computing provider Cloudpic Singapore, with the capital slated to enable Cloudpic’s expansion across Asia.

Fortress appoints Kang as Asia President

Hedge fund and alternative assets manager Fortress Investment Group has appointed Thomas Chan-Soo Kang as President of Fortress Asia, charged with overseeing business development, strategy and administrative duties across Asia. The move comes less than...

Tata Power cancels $300 million deal with Olympus Capital

Six months after Olympus Capital Holdings Asia inked a deal to buy $300 million worth of shares in Tata Power’s coal special purpose vehicles (SPVs) Bhira Investment Ltd. and Bhivpuri Investment Ltd., Tata has rescinded the deal on the grounds that...

The way we were

AVCJ looks back at 2010, following the trends, deals and headline-grabbing quotes that have led to the collective euphoria that now precedes 2011