Sectors
South Korea’s Hi-Mart attracts interest from Tesco – report
Hi-Mart, the South Korean electronics retailer that Affinity Equity Partners exited in 2008, is about to change hands once again, with UK retailer Tesco tipped to bid for the asset. Several South Korean retailers are also said to be interested, as are...
Oak Investment backs Chinese online shopping engine
B5M, a Chinese shopping online platform, has raised $7.1 milion through a Series A funding round led by Oak Investment Partners and e-commerce platform operator Giosis Holdings.
CITIC Capital rolls out new VC fund
CITIC Capital, partly-owned by Chinese Investment Corp. (CIC) and CITIC Group, has reached a first close of $60 million for its new venture capital fund. The vehicle represents the private equity firm's first foray into VC.
Red Fort boosts 3C Gurgaon project with $30m
Private equity firm Red Fort Capital Advisors has injected INR1.5 billion ($30 million) into a residential project designed by developer 3C Company in New Delhi, India.
MyFarm launches listed dairy fund
New Zealand dairy farm investor MyFarm Asset Management has launched a specialist investment fund which aims to raise NZ$75 million ($62 million), partly through an IPO on alternative securities exchange Unlisted.
Wen Jiabao's son appointed chairman of China Satellite
Winston Wen Yunsong, son of Chinese Premier Wen Jiabao and co-founder of New Horizon Capital, has been named chairman of state-owned China Satellite Communications Corp (SATCOM).
IncuCapital backs EFactor’s expansion in India
IncuCapital has reached an agreement to launch EFactor, a major global entrepreneurial community platform, in India, in a bid to generate business network opportunities for local entrepreneurs.
Quadrant, APN announce outdoor advertising JV
Quadrant Private Equity has agreed to form an outdoor advertising joint venture with APN News & Media worth A$272 million ($289 million). APN had decided further investment was required to support expansion and entered into exclusive negotiations with...
NSSF selects eFront to help improve asset management practices
EFront, a financial software provider to investors in the alternative assets space, has agreed to work with China's National Council for Social Security Fund (SSF).
Asia’s aspirational brands: It’s how you pick ‘em
Should we be surprised that L Capital, the private equity arm of luxury goods giant LVMH, thinks its Asia operations have the capacity to handle a $1 billion fund? Given the scale of consumer sector opportunities in the region, not really. But a more...
High India pharma valuations price PE firms out of the market
With strategic investors drawn to India’s rapidly growing pharma sector, private equity players must either go niche or get out
Q&A: Intel Capital's Keith Larson
Keith Larson, vice president and managing director for Intel Capital’s manufacturing sector investments, talks to AVCJ about how and where Asia is gaining an edge in the global technology space
KKR, TPG consider AsiaInfo bid – report
Several private equity firms – including KKR and TPG Capital – and strategic investors are reportedly considering bids for AsiaInfo-Linkage, the US-listed firm that is already subject to a buyout offer from CITIC Capital.
Narula to sell Lilliput, allowing Bain and TPG to exit
Lilliput, the kidswear brand that has been embroiled in bitter fight with shareholders Bain Capital and TPG Capital, plans to sell off its brands and retail business.
Noah sets up Hong Kong subsidiary
Noah Holdings, the Shanghai-headquartered third-party financial advisory company, is launching a Hong Kong subsidiary. It wants to provide investment products to international investors and mainland customers who already have assets overseas.
Catalyst backs Australian offshore oil services provider
Catalyst Investment Managers has acquired a minority stake in Bhagwan Marine, a logistics provider to the offshore oil and gas industry in Australia. The size of the transaction was not disclosed.
Paracor to launch $200m real estate fund
Mauritius private equity firm Paracor Capital Advisors plans to launch an INR9.87 billion ($200 million) fund, which will invest in real estate projects in the seven top cities in India.
Ojas Venture Partners backs Indian tech start-up BrizzTV
Indian technology start-up BrizzTV Media Lab has received Series A funding from Ojas Venture Partners, a VC firm that backs early stage technology-based businesses.
Banyan Tree invests $15m in Dilip Buildcon
Banyan Tree Growth Capital, a $100 million private equity fund that provides capital to middle-market Indian firms, has invested INR750 million ($15 million) in Bhopal-based infrastructure company Dilip Buildcon.
CyberAgent Ventures backs Vietnam game developer
CyberAgent Ventures has invested an undisclosed sum in Colorbox Software Corporation, a Vietnam company that develops smart phone games for the global market. This is the second investment made through CA Asia Internet Fund, which targets deals in Southeast...
CVC cuts price for Nine’s magazine division – report
CVC Asia Pacific is reportedly willing to listen to offers of as little as A$300 million ($323 million) – or 3x earnings – for Nine Entertainment’s magazine division after receiving little interest from prospective buyers. The sale of ACP Magazines...
TPG submits Billabong takeover bid despite initial rebuff
TPG Capital has made its A$765 million ($825 million) bid for Billabong regardless of the Australian surfwear company’s attempt to head off a takeover by announcing both the partial sale of one of its most profitable brands and plans to close 150 stores....
Blackstone, Carlyle agree $4b Reliance Infratel buyout
The Carlyle Group and The Blackstone Group have signed a term sheet to buy up to 95% of Reliance Communications’ telecoms tower unit, Reliance Infratel.
Westbridge, Intel in $15m July Systems round
Westbridge Capital, the Indian private equity firm spun out of Sequoia Capital, has participated in a $15 million round of funding for US mobile application platform provider July Systems. Technology-focused investor Updata Partners led the investment,...