Sectors
CVC, MBK among final bidders for ING Korea unit - report
CVC Capital Partners and South Korean PE firm MBK are among the last five bidders to begin preliminary due diligence as they consider an offer for at least 51% stake in the Korean unit of Dutch insurance firm ING Groep.
CITIC-backed consortium sweetens deal for China 3SBio take-private
A consortium backed by CITIC Private Equity has raised its offer for the Chinese biotechnology company 3SBio to around $370 million.
SMC Capital closes $5m Series A round in Dalian Senyint
SMC Capital China, the early growth capital platform of veteran investor Simon Murray, has closed RMB30 million ($5 million) Series A investment in Dalian Senyint International Digital Medical System, a hospital IT solutions provider.
Lightspeed, Charles River invest in big data firm Qubole
Qubole, a Bangalore-based big data firm, has raised $7 million in series A funding from Lightspeed Ventures, Charles River Ventures and angel investors Anand Rajaram, the head of WalmartLabs, and Cambrian Ventures founding partner Venky Harinarayan.
Kae Capital leads investment in Indian app building startup ShepHertz
Kae Capital, Blume Ventures and Mumbai Angels have invested an undisclosed amount in ShepHertz Technologies.
SEAF, Sarona invest in India's Khyati Foods
Canada-based Sarona Asset Management has invested in India's Khyati Foods, alongside SEAF Agribusiness India Fund. The details of the transaction were not disclosed.
Quantum seeks to remove Intrepid directors after Indonesia debacle
Quantum Pacific Investment is looking to remove directors at Australia's Intrepid Mines after the company lost control of a key Indonesian asset.
CHAMP, Headland Capital up stake in Miclyn Express
CHAMP Private Equity and Headland Capital Partners have raised their stakes in Miclyn Express Offshore, a firm which provides vessels to support exploration and production of oil and natural gas.
PE-backed Fusion Retail hires PwC to explore brand sales
Australian fashion group Fusion Retail Brands, which is backed by Nomura Private Equity Capital, Anchorage Capital Partners, NAB and Ice Canyon, has appointed PricewaterhouseCoopers (PwC) to explore its sale options in the wake of weak consumer sentiment...
Somerset Indus invests in specialty hospital chain
Indian healthcare-focused PE firm Somerset Indus Capital Partners has invested in tertiary care hospital chain Cygnus Medicare. The investment will support the chain’s expansion across Haryana and the National Capital Region (NCR) surrounding Delhi.
IIFL Wealth raises $115m for maiden alternatives fund
IIFL Wealth Management, a division of financial company India Infoline, has received commitments of INR6.2 billion ($115 million) for its IIFL Income Opportunities Fund.
Profile: American Capital's Paul Hanrahan
After 20 years at energy and infrastructure specialist AES Corporation, Paul Hanrahan now covers a similar beat for PE firm American Capital. He reflects on what has changed and what hasn't
CX banks on India ATM opportunity
WITH MORE THAN 90% OF RETAIL transactions carried out in cash, India's growing consumer classes are in need of ATMs. However, there are only around 90,000 machines nationwide, which equates to just 59 per million people.
Lunar takes the bull by the horns
Nothing transforms the fortunes of a start-up quite like a celebrity endorsement. Twenty-five years ago, former Chinese President Hu Jintao, then still a rising star in the Communist Party, visited Yonghong, a family-owned beef jerky producer based in...
IDG-Accel China Capital II to acquire mobile tech firm MEMSIC
MEMSIC, a NASDAQ-listed micro electromechanical system (MEMS) solutions provider, has agreed to be acquired by IDG-Accel China Capital II and its affiliates for approximately $88.5 million. The vehicle, managed by IDG Capital Partners, invests in consumer...
Aquiline Capital completes acquisition of UK's Equity Insurance Group
Aquiline Capital Partners, a New York-based PE firm focusing on investments in the financial services space, has completed its GBP87 million ($140 million) acquisition of UK motor insurer Equity Insurance Group (EIG) from ASX-listed Insurance Australia...
TPG Capital hires Morgan Stanley, UBS for UniTrust sale - report
Global buyout firm TPG Capital is to sell Shanghai-based finance and leasing company UniTrust for $800 million.
CDIB Capital finalizes $25m investment in China's Meilele
Taiwan-based CDIB Capital, the PE unit of China Development Financial, has completed a $25 million investment in a Chinese online home furnishings retailer Meilele.
Vickers Venture exits Singapore's Asian Food Channel
Singaporean venture firm Vickers Venture Capital has exited its investment in the Asian Food Channel after it was acquired by USA’s Scripps Networks Interactive. The details of the transaction were not disclosed.
TPG, GIC backed Li Ning closes $238m convertible securities issue
Li Ning, the Chinese sports brand backed by the Government of Singapore Investment Corporation (GIC) and TPG Capital, had closed a convertible securities issue worth HK$1.85 billion ($238 million). The open offer was over-subscribed with the company receiving...
Saban Capital opens Singapore office
Saban Capital Group, a Los Angeles - based PE firm which invests in the media and communications sector, has opened a new office in Singapore.
Indonesia's Saratoga Capital in the lead for Bank Bukopin stake - report
Indonesian GP Saratoga Capital is said to be the leading candidate to buy a combined 41.4% stake in Bank Bukopin.
Silver Lake closes Fund IV at a record $10.3b
Tech-focused private equity firm Silver Lake has closed its latest global buyout technology fund at $10.3 billion. LPs made capital commitments of $10 billion, while $300 million was committed to the fund by Silver Lake fund managers and affiliated entities....
Fenox, IMJ to invest in SE Asian, Japanese start-ups
Silicon Valley's Fenox Venture Capital and Japanese mobile solution provider IMJ Corporation have jointly established IMJ Fenox Pte with a view to investing in mobile, Internet and software technologies in Southeast Asia, Japan and the US.