Southeast Asia
TPG and GIC invest in Indonesian miner
TPG Capital and Singapore sovereign wealth fund GIC has brought a stake in PT Delta Dunia Makmur, Indonesia’s second largest coal mining contractor. The investors bought non-voting shares in Northstar Tambang Persada Ltd, a special purpose vehicle which...
SGX, ASX overcome first regulatory hurdle
The Australian Consumer and Competition Commission has given its blessing for a merge between the Singapore Stock Exchange (SGX) and the Australian Securities Exchange (ASX), bringing the regional bourses a step closer to closing the A$8.4 billion ($8.3...
Nanostart invests in Singaporean optical engineering group
German-based nanotechnology VC investor Nanostart, through its Nanostart Singapore Early Stage Venture Fund, has invested $5.6 million in Microlight Sensors, a Singaporean optical engineering company.
New horizons in Southeast Asia
Private equity investment in Indonesia surged in 2010; but the reality of investment opportunity in places like Indonesia and Vietnam requires more than macro growth numbers
Dragon Capital raises $60 million in exits in 2010
Vietnam-focused investment firm Dragon Capital (DC) has exited $60 million worth of PE holdings in 2010, with two of its three exits occurring last month, in the Hanoi-based Landmark Apartment Building and domestic dairy major Vinamilk.
Headland Capital makes $8.8 million investment in Indian telecom infrastructure provider
HHeadland Capital Partners Limited (Headland), formerly known as HSBC Private Equity (Asia) Limited, has invested Rs. 400 million ($8.86 million) in the second round of financing conducted by Microqual Techno Ltd., one of the leading Indian telecom infrastructure...
ADIA, CIC, GIC, OTPP invest BTG Pactual
Brazilian investment bank BTG Pactual has received $1.8 billion from an investment consortium led by the Abu Dhabi Investment Council, the China Investment Corporation, the Government of Singapore Investment Corporation, Canadian pension fund Ontario...
Temasek seeks to invest $110 million in Huaneng Group Corp.’s renewable-energy unit
Singapore SWF Temasek Holdings will buy a combined $110 million worth of shares in the initial public offering of China Huaneng Group Corp.’s renewable-energy unit, according to reports.
No takeaway for QSR bidders
The brief flurry of excitement around the majority stake in Malaysian integrated food services business QSR Brands Bhd held by palm oil and plantation giant Kulim ended without result, when Kulim announced that it intended to hold on to the division.
China to dominate Philippine ferries through Negros deal
The China-ASEAN Investment Cooperation Fund, through its wholly owned subsidiary China-ASEAN Marine, has invested in Negros Navigation, conditional on the ferry operator purchasing a 93.2% stake in Aboitiz Transport System (ATS) for $105 million, which...
Butalia, Panandiker forming KV Asia for India and Southeast Asia
Karam Butalia, former Global Head with Standard Chartered Private Equity Ltd., is forming a new Singapore-based platform, KV Asia Capital, to invest in Southeast Asia and India, and is seeking to raise some $500 million for its first fund, sources at...
Temasek to manage Singapore government Heliconia co-investment program
Singapore SWF Temasek Holdings is to manage the first phase of the Singapore government-backed co-investment program announced earlier this year, which aims to invest up to S$1.5 billion ($1.15 billion) in co-investments with private equity firms into...
Warburg Pincus QuEST Global deal confirmed for bigger ticket size
Warburg Pincus has invested $75 million in Singapore-headquartered engineering outsourcing services firmm QuEST Global, higher than the $60 million originally forecast, according to a joint announcement.
QSR process ends without result as Carlyle, CVC turned down
The series of bids for the controlling stake in Malaysian fast-food group QSR Brands owned by parent group Kulim have ended without result for the Carlyle Group and CVC Capital Partners Asia Pacific, with the target turning down all approaches.
Japan's ORIX acquires 25% stake in Indochina Capital
ORIX Corp., the leading Japanese leasing and invesmtent business, has acquired a 25% stake in Indochina Capital Corp., the investment firm run by Peter Ryder and Rick Mayo-Smith that specializes in Vietnamese real estate, equities and infrastructure.
JC Flowers, GIC may team up for Brazil: reports
JC Flowers & Co., the US buyout firm associated with iconic Asian deals such as Shinsei Bank, and the Government of Singapore Investment Corporation (GIC) may be teaming up to take a 15% stake in Brazilian lender Banco BTG Pactual SA for around $1.5 billion,...
CVC stalled in QSR process against Carlyle, KKR rumored: reports
The newly formed consortium of CVC Capital Partners Asia Pacific and Malaysian group Idaman Saga has failed to top a bid by the Carlyle Group for QSR Brands Bhd, the local food services group that controls franchises for Kentucky Fried Chicken plus Pizza...
Carlyle makes opportunistic bid for Malaysia’s QSR Brands
The Carlyle Group has informed palm oil and plantation giant Kulim that it wants to acquire its majority stake in Malaysian integrated food services business QSR Brands Bhd, according to reports.
SEA retail is harder than it seems
When it comes to retail in Southeast Asia, private equity seems to face an uphill battle.
ADB to invest $20 million in AmInvestment's Asia Water Fund
The Asian Development Bank (ADB) has announced that it will be committing $20 million to the Asia Water Fund, a vehicle backed by AmInvestment Group of Malaysia targeting investments into water and wastewater assets in mainland China and Southeast Asia.
Future of Carrefour Singapore, Malaysia sales process unclear, with Navis out
Following the sale of its Thai assets to French competitor Groupe Casino, French retail giant Carrefour has reportedly put the sales of its Singapore and Malaysia supermarkets on hold for the present, with AVCJ sources suggesting that Navis Capital Partners,...
Carlyle not participating in Matahari Hypermart process
The Carlyle Group will not be participating in the next phases of Indonesian retail major Matahari's auction of its Hypermart branch, which could be worth up to $1 billion, AVCJ sources confirmed.
Singapore's Wego gets Series B round from Tiger
The operating company of Singapore-based travel search engine Wego.com has completed a Series B funding round led by Tiger Global Management, coming as it merges with Indian travel site HolidayIQ.com, according to an announcement.
CVC, SCPEL may list Amtek
CVC Capital Partners Asia Pacific and Standard Chartered Private Equity Ltd. investee Amtek Engineering, Singapore's largest metal stamping company and second largest precision engineering company, reportedly plans to raise as much as S$446-547 million...