Sectors

Kerogen enters PNG LNG space

Seven years after ExxonMobil began its feasibility study on commercializing gas resources in Papua New Guinea (PNG) through liquefied natural gas (LNG), the PNG LNG Project is poised to start delivering on its promise.

FidelisWorld takes the field with TechFront

The Indian Premier League (IPL) will literally enter new territory next month when the seventh season of the cricket tournament starts play in the United Arab Emirates – the first time the country has played host to such an event. The stadium chosen to...

PE goes to the movies: Part II

As the man who helped launch the careers of Bruce Lee and Jackie Chan, among others, film producer Raymond Chow can claim to have played a leading role in putting Hong Kong martial arts movies on the international map.

CVC completes China dumpling chain buyout

CVC Capital Partners has confirmed the acquisition of Da Niang Dumpling Holdings, a Chinese quick service restaurant operator. The investment – CVC’s third China control deal in recent months – was completed in December and was reported by local media...

Tencent leads round for Chinese rural e-commerce site

Tencent Holdings and Taiwan-based semiconductor manufacturer MediaTek have led a round of funding - reportedly worth more than $200 million - for Mmb.cn, a Chinese mobile e-commerce platform catering to rural consumers and urban migrants. Existing investor...

India Value Fund Advisors buys NBHC for $39m

India Value Fund Advisors (IVFA) has agreed to buy commodities and collateral management business National Bulk Handling Corporation (NBHC) from Financial Technologies India (FTIL) for INR2.42 billion ($39.5 million).

Baring Asia, Hony agree Giant Interactive take-private

Chinese online game developer Giant Interactive has accepted a buyout offer from a consortium including Baring Private Equity Asia, Hony Capital and company management. It values the New York Stock Exchange-listed business at approximately $2.9 billion....

PE-backed Manappuram acquires Jaypee Hotels NBFC

Manappuram Finance, a listed non-bank financial company (NBFC) backed by Baring Private Equity India and India Equity Partners (IEP) among others, is to acquire Milestone Home Finance Company - a unit of Jaypee Hotels - for an undisclosed amount.

Yunfeng seeks $1b for second China tech fund

Yunfeng Capital, a Chinese private equity firm established by Jack Ma and David Yu, founders of Alibaba Group and Target Media, respectively, is raising around $1 billion for its second fund. A first close of $600 million came last year and a final close...

Hao completes Pax Technology exit for 4.7x return

Hao Capital has fully exited Chinese electronic payment systems provider Pax Technology, selling its remaining 7.6% stake in the Hong Kong-listed company for $44 million through a block trade. The investment has generated a gross multiple of 4.7x.

Jafco-backed EnBio raises $7.2m in Toyko IPO

EnBio, a Japanese soil decontamination business backed by Jafco, saw its stock open at JPY1311 - a 126% premium on the offering price - on its first day of trading. The company, which listed the Mothers (market of the high-growth and emerging stocks)...

Kerogen makes Asia oil and gas play, eyes Fund II

Kerogen Capital has invested A$30 million ($27 million) in Twinza Oil, which has oil and gas interests in Australia, Papua New Guinea and Thailand. The energy-focused GP is also said to be preparing to launch its next fund later in the year.

Standard Chartered infra head Andrew Yee to leave Asia

Andrew Yee, global head of infrastructure for Standard Chartered Bank's principal finance division, is leaving the firm. The decision is said to be mutual and amicable, with Yee set to depart in July after which he will relocate to Europe with his family....