Sectors
India's NSE considers stock exchange listing
General Atlantic-backed National Stock Exchange of India (NSE) is considering a listing on the public markets, but first need to consider the impact of upcoming rules.
KKR in new push for MMI IPO – report
KKR has reportedly revived plans to exit MMI International, the precision-engineering company it took private in 2007, through a Singapore IPO. The offering could generate $400-500 million, but it is unclear how much of its holding the private equity...
VC-backed DangDang's CFO resigns
Dangdang, the New York-listed Chinese e-commerce company, announced that its CFO Conor Chia-huang Yang is leaving the company for personal reasons.
Wolseley-backed Nextmedia acquires magazines from CVC's ACP
Nextmedia, the Australian magazine publisher owned by Wolseley Private Equity, has acquired two publications from ACP Magazines, the magazine division of CVC Asia Pacific-backed Nine Entertainment.
PAG backs Haitong's $1.8b Hong Kong offering
PAG has become a cornerstone investor in the Shanghai-listed brokerage Haitong Securities' Hong Kong IPO, buying $300 million worth of shares as part of a potential $1.8 billion offering.
Blackstone pays $770m for Dexus Property assets
The Blackstone Group has paid $770 million for 65 US industrial assets owned by Australia’s Dexus Property Group. Investing via affiliates of Blackstone Real Estate Partners VII, the firm will acquire properties including three warehouses leased to Whirlpool...
China's Chengwei, Tsing back US materials company
Polyera, a US-based supplier of functional materials for the electronics and opto-electronics industries, has secured $24.5 million in Series C funding from investors including Chengwei Capital and Tsing Capital.
PE-backed Coffee Day plans $78m India expansion
Coffee Day Group, a diversified Indian business backed by Standard Chartered Private Equity (SCPE), KKR and New Silk Route, plans to spend INR4 billion ($77.9 million) on expanding its operations this year. The firm has indicated it might then look at...
Goldman completes third partial exit from ICBC
Goldman Sachs has completed another partial exit from its holding in Industrial and Commercial Bank of China (ICBC), selling $2.5 billion worth of H-shares. Temasek Holdings said it picked up $2.3 billion of the block sale, which amounts to a 1.3% stake...
Investors inject $45.5b in China clean energy
Investment in China’s clean energy sector stood at $45.5 billion last year, which saw China lose its number-one status to the US for the first time since 2009.
KKR invests $65m in Chinese cord blood bank operator
KKR has agreed to invest $65 million into China Cord Blood Corporation (CCBC), the largest umbilical cord blood banking operator in China. It is the private equity firm’s first foray into the country’s fast-growing healthcare services industry. CCBC will...
Carlyle, Sequoia in talks to invest up to $50m in JSM - report
The Carlyle Group and Sequoia Capital are in separate talks to invest $40-50 million in JSM Corp, which operates the Indian franchises of Hard Rock Café and California Pizza Kitchen.
IFC lends $6.5m to Indian food logistics company
International Finance Corp. (IFC), the World Bank's investment arm, will lend $6.5 million to food supply chain Snowman Logistics, in a move to foster efficiency and organization in India’s logistics sector.
Manipal Hospitals to raise $29m from private equity
Manipal Hospitals, India’s third largest healthcare group, is seeking as much as INR1.5 billion ($29 million) from private equity firms for a minority stake in order to fund expansion.
India's IHG buys UK food producer from Duke Street
India Hospitality Group (IHC) has acquired UK-based ready-made food producer Adelie Food Holding from Duke Street Capital for $350 million. The deal – the largest overseas acquisition by an India-focused food and beverage company in six years – is said...
Frontline Strategy backs India railways supplier
Frontline Strategy’s India Industrial Growth Fund (IIGF) has committed $9 million to DTL Ancillaries, a Pune-based company that manufactures components used in the rail and automotive industries. The investment is structured in two tranches, the first...
CVC plans $2b Formula One IPO in Singapore - report
CVC Capital Partners is heading towards a $2 billion initial public offering (IPO) for Formula One Group in Singapore. The private equity firm may sell a 20% stake in the motor racing series and complete the sale as early as June.
CVC, RBS raise $216m through Samsonite sale
CVC Capital Partners and Royal Bank of Scotland (RBS) have exited close to 8% of their combined holding in Hong Kong-listed luggage maker Samsonite International for HK$1.68 billion ($216.3 million). The sale comes after the firms’ IPO lock-up expired...
CVC in $644m City Telecom carve out
CVC Capital Partners has agreed to purchase City Telecom’s telecom business for HK$5 billion ($644 million). City Telecom is the second-largest broadband provider in Hong Kong but wants to offload its Hong Kong Broadband Network (HKBN) and IDD assets...
GIC, Baring invest $97m in India's Marico
Government of Singapore Investment Corp. (GIC) and Baring India Private Equity will purchase a 4.8% stake in Marico, the leading Indian manufacturer of personal care products, for INR5 billion ($97.7 million). The proceeds will partly be used to finance...
CHAMP Private Equity exits IES to McAleese Group
CHAMP Private Equity has sold International Energy Services (IES), a logistics firm that specializes in the transportation of fuel products and hazardous chemicals, to McAleese Group. It is further confirmation of trade sales as the preferred exit channel...
Hony, TPG consider bid for Japan's Elpida Memory
Hony Capital and TPG Capital are preparing a bid for Elpida Memory, the Japanese chipmaker that filed for bankruptcy protection in February. The private equity firms are expected to face significant competition from strategic investors, with South Korea’s...
TA Associates backs Indian online payment provider
TA Associates has acquired a minority stake in BillDesk, India’s leading online payment services provider. The investment, terms of which were not disclosed, is seen as a means of leveraging both increasing internet penetration in the country and growing...
Vision Knight's value-add proposition
Much is expected of China's online advertising industry. Worth RMB51 billion ($8.1 billion) in 2011, up 57% year-on-year, the market is tipped to top RMB187 billion by 2015. As former CEO of Alibaba.com, the country’s leading B2B marketing portal, David...