Financials
Sequoia's Sabharwal back to ICICI Bank
Rajiv Sabharwal, recruited in 2009 to Sequoia Capital India as an Executive Director, is now reportedly rejoining his old company, ICICI Bank, as a senior GM and head of the lender's retail operations.
Temasek and BOC may bring ATMs to rural China
Singapore sovereign wealth fund Temasek Holdings is understood to be working with Bank of China to spend as much as RMB20 billion ($4.1 billion) in building a banking franchise in rural parts of China.
Sequoia seeks CARE stake
Sequoia Capital India is reportedly seeking a 9.4% stake in local ratings agency Credit Analysis and Research (CARE), with a probable investment amount of around $16 million.
Lone Star KEB stake sale resumes
Lone Star Funds' sometimes controversial investee Korea Exchange Bank has stated that the investor's long-delayed trade sale exit from its 51% stake is about to resume.
Taiwan regulator confirms Nan Shan sale terms
Taiwan's Financial Supervisory Commission has confirmed its five conditions for allowing the prospective buyers of Nan Shan Life Insurance, including Primus Financial Holdings, to acquire the local insurance major from American International Group.
Intel to buy Fidelity's India MCX stake
Intel Capital is reportedly going to acquire 2% of the stake in India's Multi Commodity Exchange (MCX) held by Fidelity International.
Shinsei and Aozora may resume merger talks
Private equity investees Shinsei Bank and Aozora Bank’s merger plan, previously reported cancelled, now apparently will come up for negotiation again, according to Japanese media reports.
Fresh Coffee Day funding reports continue
Indian media are continuing to report that VG Siddhartha-backed holding group Coffee Day Holdings is about to receive funding of around $75 million, purportedly from Standard Chartered Private Equity Ltd. (SCPEL), with Kohlberg Kravis Roberts & Co. and...
Mystery buyer for Morgan Stanley CICC stake
China International Capital Corp. (CICC) chairman Li Jiange said publicly that his bank's longterm investor Morgan Stanley had finally fixed a buyer for its 34.3% CICC stake - but he declined to say who.
Temasek, Li Ka-shing, back SecondMarket Inc.
Singapore SWF Temasek Holdings and the Li Ka-shing Foundation, backed by Hong Kong business leader Li Ka-shing, have jointly invested $15 million in a Series B round for SecondMarket Inc., an operator of an online marketplace and trading service for illiquid...
SWFs in AIA Pru-ve power shift
A deal hailed as a once-in-a-lifetime event looks about to put headline numbers against international appetite for Asian growth.
Leopard makes financial services investment
In a co-investment with two other foreign investors, Leopard Cambodia has taken a shared 7.72% stake in ASA, a 19% shareholder of ACLEDA, one of the leading retail banks in Cambodia.
AIG Nan Shan deal still in the dark
Taiwan’s foreign investment regulator reportedly is still facing discussions in parliament over the now-controversial $2.2 billion sale by American Insurance Group (AIG) of its local Nan Shan Insurance subsidiary to China Strategic and Primus Financial....
EON Capital rejects HLB offer
Primus Pacific investee EON Capital Bhd has rejected a MYR4.92 billion ($1.4 billion) takeover offer from Hong Leong Bank, run by Malaysian billionaire Quek Leng Chan.
Morgan Stanley on track for KKR/TPG CICC exit
US private equity giants Kohlberg Kravis Roberts & Co. (KKR) and TPG Capital have emerged as the final bidders in the auction to take the 34.3% stake in China International Capital Corp (CICC), the nation’s largest investment bank, from Morgan Stanley...
SBI Holdings takes majority stake in Searchina
SBI Holdings Inc, the Japanese financial group involved in private equity and VC investment, has acquired a 75.7% stake in Searchina Co. Ltd., a Tokyo-based provider of Chinese financial markets-related information services, for an undisclosed sum.
Primus's EON Capital rejects HLB offer
Primus Pacific Malaysian investee EON Capital Bhd has rejected a MYR4.92 billion ($1.4 billion) takeover offer from Hong Leong Bank, run by Malaysian billionaire Quek Leng Chan.
Helion, Bessemer bet on NetAmbit
India-focused venture fund Helion Venture Partners has announced it will inject INR400 million ($8.6 million) into financial products distributor NetAmbit, a market leader in the space on the sub-continent.
Lone Star may exit KEB - at last
The long-running saga of Lone Star Funds' repeated efforts to exit its investment in Korea Exchange Bank may be drawing to a close, as John Grayken, Lone Star managing partner, announced that the firm expects to sell its 51% stake within the next six...
Bocom launching $500 million offshore fund
Leading Chinese lender Bank of Communications (Bocom) is reportedly rolling out a USD-denominated China-focused offshore private equity fund through its Bocom International Asset Management arm, targeting $250-500 million.
Axis Bank to cater to family offices
In an attempt to capture the growing family office market, Axis Bank is planning to offer an all-inclusive service for India’s ultra-high-net-worth individuals or families with assets exceeding Rs100 crore ($22.5 million).
Shinsei/Aozora merger progresses slowly
Shinsei Bank, 32.5% owned by J.C. Flowers & Co., and Aozora Bank, 55% owned by Cerberus Capital Management LP, are having headaches over delays to their merger plan, originally aimed to complete in October this year.
Citigroup sells Indian MCX commodities stake to Ashmore
Citigroup is reportedly fetching $40 million by selling its 5% stake in the Mumbai-based Multi Commodity Exchange of India Ltd (MCX), India's largest and most diverse commodities exchange, to Ashmore Group, the London-headquartered private equity firm....
Goldman Sachs eyes Taikang Life
The private equity arm of Goldman Sachs has emerged as one of the potential bidders to take either some or all of the 15.6% stake in China's Taikang Life Insurance Company owned by French insurer Axa Group.