Sectors
India VC player Helion closes third fund at $255m
Helion Venture Partners has closed its third fund at just over $255 million, over $45 million more than for its previous vehicle, which closed in March 2008. The successful fundraise, which attracted commitments from pension funds, endowments, foundations,...
KNOC backs Apollo-led purchase of US oil assets
Korea National Oil Corp. (KNOC) will join a consortium led by Apollo Global Management that has agreed to buy US-based El Paso’s oil and gas exploration business for $7.15 billion. The assets are being sold by Kinder Morgan as part of its $21 billion...
MSPE Asia invests $300m in China’s Tianhe Chemicals
Morgan Stanley Private Equity Asia (MSPE Asia) has invested $300 million in China’s Tianhe Chemicals Group and created a strategic partnership with the specialty chemicals company in order to aid its expansion overseas. It is the largest single investment...
PE firms to invest in Super Religare Laboratories
Super Religare Laboratories (SRL), a pathology laboratory network in India, is likely to receive commitments from two private equity firms for its 15-20% stake sale.
PremjiInvest invests $24m in India’s Trent
PremjiInvest, the private equity vehicle backed by Wipro Group chairman Azim Premji, has channeled INR1.2 billion ($24 million) into Trent, the retail arm of Indian conglomerate Tata Group.
Fubon linked to buyout of Carlyle-backed Ta Chong
Fubon Financial, parent of Taiwan’s second largest life insurance firm, has announced plans to acquire a bank, prompting speculation that mid-sized Taiwanese lender Ta Chong Bank is the target.
Valar Ventures unveils $32m NZ fund
Valar Ventures, the venture capital firm run by PayPal co-founder Peter Thiel, has raised NZ$40 million ($32 million) for a vehicle launched in partnership with the New Zealand Venture Investment Fund (NZVIF).
Carlyle reinitiates AvanStrate IPO
The Carlyle Group has re-initiated proceedings to list Japanese LCD glass manufacturer AvanStrate, thanks to improved stock market conditions in Japan.
Gobi makes lucrative early exit from CIB
Gobi Partners had big plans for CIB Development. The venture firm received the green light to invest in the Malaysia-based online games operator in 2010 and put together a strategy that would boost exposure in Indonesia, the region’s largest gaming...
GIC commits $100m to Indian eye-care chain
Already worth $40 billion and expected to double in size with compound annual growth of 21%, India’s healthcare market is certainly on the radar of private equity investors. Hospitals and treatment centers – a play on rising domestic consumption and...
Lunar Capital gets 60% stake in Chinese beverage brand
Lunar Capital Management has acquired a majority interest in Sichuan Zhiqiang Group, an integrated food manufacturer located in western China, in a deal worth up to $50 million.
Nereus Capital raises $250m Indian clean energy fund
Nereus Capital, an alternative asset manager focused on renewable power generation and clean technologies, is raising a $250 million clean energy fund, of which $20 million will be contributed by the International Finance Corporation (IFC).
IFC invests $25m in Indian water treatment company
International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, will invest between $18 million and $25 million in Ahmedabad-based Doshion, a water treatment company.
Reliance Communications files for Singapore IPO
The undersea cable unit of Reliance Communications has applied to list in Singapore, in a move that could raise $1-1.5 billion to help its parent company to offload its heavy debt.
Blue Sky boosts Alcidion with $2.8m - report
Listed fund manager Blue Sky Alternative Investments has funneled A$2.6 million ($2.8 million) of capital into Australian health informatics firm Alcidion.
F&H invests in Wise Entertainment
F&H Fund Management has invested in Singapore's Wise Entertainment - a company named after the city state's twin composers and music producers Lee Wei Song and Lee Si Song (Wei) and (Si).
WestSummit backs China's Union Optech
China-based technology investor WestSummit Capital has led a funding round for Chinese optical lens provider Union Optech.
Indonesian Pay-TV operator revives $400m IPO plan
PT MNC Skyvision, a unit of media group PT Global Mediacom and the largest pay TV company in Indonesia, will once again seek to raise up to $400 million via an initial public offering in June, in a bid to tap opportunities brought about by a rise in consumer...
ChrysCapital invests $31m in Karur Vysya Bank
Private equity firm ChrysCapital has invested INR1.6 billion ($31 million) for a 3.92% stake in India's Karur Vysya Bank as part of a PIPE transaction.
INCJ to buy UK wind power firm for $850m
Japanese state-sponsored fund Innovation Network Corp of Japan (INCJ) is tipped to buy a 50% stake in British wind power engineering firm Seajacks International for around $850 million.
Japan's KDDI, Global Brain to launch $66m VC fund
KDDI Corporation, a Japanese telecommunications company, has teamed up with Brian Corporation to establish a $66 million fund that will invest in start-ups in the US, Japan and other Asia Pacific regions. The fund, which focuses on the mobile space, is...
India's Wadhawan Group to set up PE funds
Wadhawan Group, a conglomerate controlled by the Wadhawan family which also runs housing finance company DHFL, plans to launch multiple private equity funds to expand its financial services operations.
Carlyle, Everstone join race for Thomas Cook India - report
The Carlyle Group, Everstone Capital, TA Associates and Bravia Capital have joined the likes of KKR and Actis in competing for Thomas Cook India.
Spreadtrum commits $10m to India’s PE-backed Micromax
Chinese semiconductor manufacturer Spreadtrum Communications has invested $10 million in PE-backed Micromax Informatics, one of India’s largest mobile phone brands. As part of the deal, the companies have established a partnership that will see Spreadtrum...