Sectors

Vogo, KTB-backed LG Siltron withdraws IPO

LG Siltron, a silicon wafer manufacturer owned by LG Group, Vogo Investment and KTB Private Equity, has abandoned plans to raise at least $275 million through an IPO. The company won listing approval on October 31 but decided not to proceed because domestic...

China Resources Capital raises $153m for debut RMB fund

China Resources Capital (CRC) has raised RMB956 million ($153 million) for its debut local currency fund. The vehicle has also announced its first deal – a co-investment with mainland property developer China Vanke in a Shanghai residential project.

Everstone bets on India's logistics space

The fact that Dehli-based Transpole is regarded one of India's largest shipping logistics firms yet still accounts for around 3% of its market speaks volumes for the level of fragmentation in the sector. Everstone Capital is betting on Transpole's potential...

Lightspeed nets $168m for China fund

Lightspeed Venture Partners' China fund has been more than seven years in the making, having been under consideration ever since the GP included an international allocation – Asia and Israel, in addition to the US – in its seventh global vehicle....

Hahn & Co. in $130m bankruptcy buyout

Sourcing deals through South Korea's bankruptcy courts is notoriously complicated, but even by these standards Korea Line presented a challenge. The sale process was officially launched late afternoon on December 21, the Friday before what most people...

CVC agrees Philippines' BPO carve-out

The Philippines has supplanted India in recent years to become the call center capital of the world as its business process outsourcing (BPO) sector recorded massive growth. Revenues are expected to more than double in the next five years, reaching $25...

bridge-the-gap
Tech crunch: Bridging the Series A gap

On both sides of the Pacific, the venture capital industry is suffering from a dearth in Series A funding. How widespread is the problem and who is most affected?

Australia’s Advent sees 2.5x return on Locker investment

Advent Private Capital has sold metal products manufacturer Locker Group Holdings to US-based Valmont Industries, generating a 2.5x money multiple on its investment. According to AVCJ Research, the Australian GP acquired an 80% stake in Locker just over...

CVC in largest-ever Philippines buyout - update

CVC Capital Partners has agreed to buy an 80% stake in SPi Global Holdings, a business process outsourcing (BPO) unit of Philippine Long Distance Telephone Company (PLDT), in what is the Philippines' largest-ever buyout deal. The transaction values SPi...

Baring PE Asia exits Taiwan-listed Airtac

Baring Private Equity Asia (BPEA) has completed its exit from Airtac International Group, a Taiwan-founded but now mainland China-headquartered manufacturer of pneumatic components.

Australia’s Adventure Capital targets $100m VC fund

Australian VC firm Adventure Capital is targeting around $100 million for its debut vehicle. It has already received $20 million in commitments from high net worth individuals – having signed up its first cornerstone investor in late 2010 – and is...

NSR targets exit as India’s Ortel files for IPO

New Silk Route (NSR) is set to exit Indian cable TV provider Ortel Communications with the company planning to raise as much as INR1 billion ($18.7 million) through an IPO. This is the second time Ortel has tried to go public, having pulled out of an...

Baring increases stake in HK-listed Magic Holdings

Baring Private Equity Asia (BPEA) has increased its stake in Hong Kong-listed beauty products retailer Magic Holdings, purchasing 7.34 million shares on the open market for HK$22.26 million ($2.9 million). It remains the largest individual investor in...