Sectors
NSR-backed Augere Wireless to exit India
Augere Wireless, a portfolio company of Asia-focused New Silk Route, is reportedly selling its 4G broadband spectrum in two Indian states, as part of a move to leave the country.
Carlyle to sell Ta Chong for $1.25b - report
The Carlyle Group looks set to sell its 40% stake in mid-sized Taiwanese lender Ta Chong Bank to Yuanta Financial in a deal which could value the bank at up to T$37 billion ($1.25 billion).
PEP seeks buyers for Link Group – report
Pacific Equity Partners (PEP) has reportedly begun the auction process for Link Group, which could sell for as much as A$1.4 billion ($1.4 billion), including debt. It is poised to be Asia’s biggest private equity exit of the year.
Alibaba to buy back 20% of Yahoo’s stake for $7.1b
Alibaba Group has agreed to repurchase about a 20% stake in itself from Yahoo for $7.1 billion ahead of an initial public offering. The US internet company bought 40% of Alibaba - founded by Jack Ma (pictured) - in 2005, paying $1 billion plus ownership...
Accel, Tiger-backed Freshdesk sets up $10m future fund
Indian technology product start-up Freshdesk, which is backed by international funds Tiger Global Management and Accel Partners, has announced phase one of its $10 million Freshdesk Future Fund, which will provide cloud-based support solutions to new...
LVMH to invest in Chinese wedding photo firm
L Capital, the private equity arm of French luxury goods conglomerate LVMH, is targeting a Chinese wedding photography company as its next investment to tap the emerging consumer market.
ICICI Venture in talks to buy Maja Health Care
ICICI Venture is in talks to pick up a stake in Maja Health Care, a division of Vi-John Group that manufactures shaving cream and other personal care products.
Longreach seeks to sell Taiwan bank stake for $1.2b
Japan-focused private equity firm Longreach Group is planning to sell its stake in Taiwanese lender EnTie Commercial Bank at TW$30 or more per share, which would value the deal at about $1.2 billion.
Ironbridge targets $1b for Fund III, invests $95m in dental business
Australian private equity house Ironbridge Capital has said it will target up to A$1 billion ($1 billion) for its third fund, for which it will begin fundraising in the second half of this year.
AMP Capital acquires Australian schools project for $232m
Asset manager AMP Capital has received approval to acquire the South Australian Schools Public Private Partnership (PPP) project for an enterprise value of $232 million.
Lightspeed leads Series A round for Tujia.com
Early stage investor Lightspeed China Partners and CDH Investments have participated in a Series A round of funding for Tujia.com, the first online vacation rental services provider in China.
Armstrong launches SE Asia cleantech fund
Southeast Asia has abundant solar radiation, agricultural resources and biomass when compared to North Asian and European countries. However, the use of clean energy in the region is still somewhat limited. Singapore-based clean energy asset manager Armstrong...
Nomura plans Ashikaga IPO
Nomura is planning to sell shares of regional bank Ashikaga in an initial public offering (IPO) on the Tokyo Stock Exchange as early as December. The bank may trade at a market value of JPY200 billion ($2.5 billion) to JPY300 billion.
IIFL real estate fund makes first investment
IIFL Alternate Asset Advisors, the venture capital arm of the India Infoline Group (IIFL), has made the first investment from its venture capital fund, backing a slum redevelopment project.
SAIF Partners to stay invested in Just Dial after listing
SAIF Partners will stay invested in Indian search engine Just Dial after its INR3.6 billion ($66 million) public issue, which is expected to hit the market this June.
TPG, Carlyle sell Healthscope pathology assets for $100m
TPG Capital and the Carlyle Group have sold the New South Wales, Queensland and Western Australian pathology businesses of their portfolio company, Healthscope, for A$100 million ($100 million). The buyer was pathology and radiology group Sonic Healthcare.
KKR ends takeover talks with Pacific Brands
Melbourne-based underwear manufacturer Pacific Brands said on Tuesday that a takeover from parties including KKR is unlikely in the near term.
Baring backs Yongda Auto IPO
Baring Private Equity has become a cornerstone investor in the IPO of China Yongda Automobile Services, the number-one BMW dealer in China. The company could raise up to $435 million through a listing in Hong Kong.
Warburg Pincus joins race for India's Future Capital
US buyout firm Warburg Pincus is thought to have joined the race to acquire a stake in India's Future Capital Holdings (FCH), the financial services unit of the Future Group.
Mandarin Capital agrees JV with China’s Dagong - report
Sino-Italian private equity group Mandarin Capital Partners has reportedly agreed to establish a joint venture with Chinese ratings agency Dagong.
Creador invests $15m in OldTown
India- and Southeast Asia-focused investor Creador has injected RM45.7 million ($15 million) in OldTown White Coffee, the number-one Asian restaurant chain in Malaysia.
Inventus, Ojas lead $3.5m Cbazaar round
US-India venture capital firm Inventus Capital Partners early-stage technology investor Ojas Venture Partners have led a $3.5 million Series A round of funding for Indian fashion portal Cbazaar.
Thailand’s CPF prepares bid for Permira-backed Birds Eye
Thai food manufacturer Charoen Pokphand Foods (CPF) looks set to join the various private equity houses that have submitted bids for Permira-backed Birds Eye Iglo.
Armstrong to launch a $150m clean energy fund in SE Asia
Armstrong Asset Management, a newly-established Singapore-based clean energy asset manager, is set to launch its maiden fund, which will focus on clean energy projects across Southeast Asia.