Financials
Reserve Bank of Australia sells subsidiary to PE-backed Innovia
The Reserve Bank of Australia (RBA) is to sell its 50% stake in Securency International, a company which produces polymer-based print material for banknotes, to Innovia Films, a UK packaging manufacturer backed by Arle Capital Partners. Innovia already...
Creador backs Indian home loans provider
Creador has acquired a 9.9% stake in Repco Home Finance (RHF), an Indian housing finance provider owned by Repco Bank, for INR724 million ($13.7 million). It is the India- and Southeast Asia-focused GP’s second deal in a fortnight and leaves the firm’s...
PAG in partial exit from Haitong Securities
PAG has made a partial exit from Haitong Securities, 10 months after participating in the Chinese brokerage’s IPO as a cornerstone investor.
Goldman Sachs completes another partial exit from ICBC
Goldman Sachs has completed another partial exit from its holding in Industrial and Commercial Bank of China (ICBC), selling $1 billion worth of H-shares. The investment bank's merchant banking division has offloaded ICBC shares at least four times prior...
Cerberus to raise $1.7b through Aozora Bank exit
Cerberus Capital Management is set to raise 146.1 billion ($1.7 billion) as it sells the bulk of its 58% stake in Japan's Aozora Bank following a nine-year holding period.
Carlyle exits China Pacific with $4b profit
As a private equity investment, China Pacific Insurance stood out from the beginning. When The Carlyle Group paid approximately $400 million for a 24.98% stake in the firm’s life insurance subsidiary in 2005, it was comfortably the largest PE deal in...
PE investors commit $54m to Ratnakar Bank – report
Aditya Birla, Norwest Venture Partners and Faering Capital have bought a INR3 billion ($54 million) stake in Ratnakar Bank ahead of the company's IPO, which is planned for next year.
Aditya Birla makes partial exit from CARE Rating
Aditya Birla Private Equity has sold a 1.2% stake in Credit Analysis & Research (CARE), a newly listed Indian credit rating company, for INR310 million ($5.7 million). The firm originally owned 4.27% of the company.
Matrix Partners India invests in Mswipe
Matrix Partners India has led the first institutional round of funding in Mswipe Technologies, a mobile payment services provider based in Mumbai.
Fosun, IFC set up Asia-focused reinsurer
Fosun International has teamed up with International Finance Corporation (IFC), the investment arm of the World Bank, to enter the Asia Pacific reinsurance market. The newly established operation, Peak Reinsurance Company (Peak Re), has been licensed...
Carlyle completes China Pacific exit, takes total sales value past $5b
The Carlyle Group has completed what is said to be its largest-ever cash exit globally, selling the last of its interest in China Pacific Insurance for $796 million. The private equity firm has accumulated more than $5 billion through a series of block...
Cerberus begins Aozora exit with $1.8b sell down
Cerberus is to sell the bulk of its 58% holding in Japan's Aozora Bank through a public market sale that could generate up to JPY158.1 billion ($1.8 billion). The US firm's stake would fall to 8%.
Warbug Pincus to exit India's WNS Global – report
Warburg Pincus is reportedly in talks with The Carlyle Group, KKR and Baring Private Equity Partners India to sell its 29% stake in business process outsourcing (BPO) firm WNS Global.
Taiwan's Chinatrust in talks to buy Tokyo Star Bank - report
Chinatrust Commercial Bank, one of Taiwan's largest commercial banks, is reportedly in talks to acquire Tokyo Star Bank for JPY50 billion ($582 million). Tokyo Star's shareholders, which include Lone Star Funds, have previously struggled to find interested...
Insurance Australia sells UK business to Aquiline Capital
Insurance Australia Group has agreed to sell its UK business – Equity Red Star – to Aquiline Capital Partners for GBP87 million ($140 million). The transaction is scheduled for completion before June 2013.
Sequoia leads $9.2m Series B in iCreate
Sequoia Capital is leading a INR500 milion ($9.2 million) round of investment in data analytics start-up iCreate Software. Sequoia’s Gautam Mago will join the board.
GCS Capital finalizes Dexia asset management deal
GCS Capital has agreed to buy Dexia asset management (DAM) business shortly after entering into exclusive negotiations with the Belgo-French financial group. The Hong Kong-based private equity firm has also signed a strategic partnership agreement with...
CNEI leads $20m Series B for Juxin International Leasing
China New Enterprise Investment (CNEI) has led a Series B round of financing for Chinese specialty leasing company Juxin International Leasing. The investors acquired a 12.1% interest in Juxin for $20 million.
Primus Financial shuts down fund
Primus Financial Holdings, the private equity firm set up by three former Citigroup bankers to invest in financial services assets across Asia, has closed its fund. The firm profited from an investment in New China Life Insurance but is best known for...
Northstar buys 49% stake in Trimegah Securities
Northstar Pacific Partners has acquired a 49% stake in Indonesian brokerage Trimegah Securities for IDR200 billion ($20.8 million). The investment was channeled through Northstar Equity Partners III, which closed last year at $820 million.
Khazanah in $356m exit from AIA
Khazanah Nasional, the Malaysian sovereign wealth fund, has exited its entire holding in Hong Kong-listed AIA Group, raising HK$2.76 billion ($356 million). The sale comes as the lockup on American International Group’s stake in the Asia-focused insurance...
CX Partners invests in TSI's India ATM business
CX Partners has invested INR1.2 billion ($23 million) in India ATM business of Transaction Solutions International (TSN), an electronic transactions specialist listed in Australia.
GCS Capital in talks to buy Dexia asset management unit
GCS Capital, a Hong Kong-based private equity firm, is in exclusive talks to buy Dexia’s asset management arm. It is estimated that the deal could be worth EUR500 million, lower than the EUR750 million Dexia was reportedly seeking when it put the asset...
VCs back $8m Series B round for Shubham HDFC
Accion and Saama Capital have jointly invested $4 million in India's Shubham Housing Development Finance Company. The venture capital firms join existing investors Elevar Equity and Helion Venture Capital in a second round of funding worth $8 million...