Sectors
Goldman Sachs buys minority stake in Mongolian bank
Goldman Sachs has purchased a 4.78% stake in Trade & Development Bank of Mongolia, the country’s oldest bank. The company has previously received investment from Asian Development Bank and International Finance Corp. (IFC).
Goldman Sachs exits Hana in $331m sell down
Goldman Sachs has exited the remainder of its stake in South Korea's Hana Financial Group through a public market sell down worth $331 million.
Temasek backs US online ad startup
Temasek Holdings has led a $30 million round of investment in Marin Software, a San Francisco-headquartered advertising management platform. The company has now attracted more than $80 million from VC and PE backers.
IDG, SAIF inject $14m into Firstcry.com
IDG Ventures India and SAIF Partners have led a $14 million Series B round for Indian e-commerce start-up Brainbees Solutions, which runs the First Cry and GoodLife websites. The deal is thought to be one of India’s biggest venture investments in a...
Unison nears $650m Showa Yakuhin Kako buyout - sources
Japanese private equity firm Unison Capital is reportedly in the final round of bidding for Showa Yakuhin Kako, a drug producer backed by Tokio Marine Capital.
Warburg Pincus poised to commit $50m to Indian NBFC
Warbug Pincus is closing in on a $50 million investment in Au Financiers, an Indian non-banking financial company. The deal provides a partial exit for existing investor Motilal Oswal Private Equity.
CapAsia acquired by US hedge fund
Singapore-based private equity infrastructure investor CapAsia has been acquired by The Rohatyn Group (TRG), a US-based hedge fund focused on emerging markets.
COLI, ICBC raise $230m for second China property fund
China Overseas Land & Investment (COLI) and ICBC International Investment Management have raised $230 million in initial capital for their Harmony China Real Estate Fund II. The vehicle's full target is $500 million.
L Capital invests in Chinese fashion company - updated
L Capital Asia, the private equity unit of multinational luxury giant LVMH, has invested $200 million in Trendy International Group, a Chinese casual-wear company, contrary to an earlier report in the South China Morning Post that put the price at $2...
L Capital expands China portfolio with $2b investment
L Capital Asia, the private equity unit of multinational luxury giant LVMH, has reportedly purchased a 10% stake in China fashion company Ochirly for US$2 billion. It is another indication of the brand’s ambition to expand its portfolio in the world's...
Chinese government backs Sino-Hollywood movie fund
The Chinese government will support a new private equity fund set up to finance movie co-productions with foreign players in China. It is the first-ever state-backed film investment fund.
VC-backed Flipkart buys rival Indian e-commerce site
Indian online retailer Flipkart has purchased rival e-commerce platform Letsbuy.com for an estimated $25 million. Both companies are backed by Tiger Global Management and Accel Partners, but no details were disclosed on the structure or value of the transaction.
Longreach considers En Tie Bank sale - sources
Japan-focused private equity firm Longreach Group is said to be weighing up the prospect of selling its majority stake in Taiwanese lender En Tie Commercial Bank.
Kotak PE invests $25m in Minda Corporation
Kotak Private Equity Group (KPEG), part of Kotak Mahindra Group, has reportedly invested INR1.25 billion ($25 million) for a minority stake in automotive component firm Minda Corporation.
Catalyst buys Australian resources industry service provider
Australian private equity firm Catalyst Investment Managers has purchased a 49% stake in Morris Corporation, a provider of facilities management and accommodation services to the mining and oil and gas industries. The value of the transaction was not...
Touchmedia secures new round of VC financing
Chinese marketing platform Touchmedia has completed its latest round of financing, led by affiliates of the company's CEO along with new and existing VC backers. Qiming Venture Partners, TLC Capital and Mustang Ventures are among the existing investors...
Thomas Cook plans to sell its Indian arm
Thomas Cook has initiated a process to sell its 77% stake in Thomas Cook India, a transaction intended to bring down its debt up to GBP890 million ($1.4 billion). Several Private equity investors are said to be potential suitors.
Masdar to invest in Chinese fuel cells and water treatment
Masdar Capital, the private equity arm of renewable energy firm Masdar, is said to be looking for opportunities to invest in the fuel cells and water treatment spaces in China.
Temasek sells $300m ICICI Bank stake
Temasek Holdings, Singapore’s second-largest sovereign wealth fund has sold a 1.4% stake in ICICI Bank for INR14.7 billion ($299 million), reducing its shareholding in India’s biggest private bank to 2%.
CIC, Sinopec commit $300m to Sunshine Oilsands IPO
China Investment Corp (CIC) and China Petrochemical Corp. (Sinopec) are among three cornerstone investors to pledge $350 million to Sunshine Oilsands' Hong Kong listing. The news comes a few days after the company said it would postpone its IPO to allow...
TPG, Bain in talks to invest $50m in Parag Milk - sources
TPG Capital India and Bain Capital are said to be in advanced talks with India’s Parag Milk Foods about purchasing $50 million worth of shares in the dairy products manufacturer.
Verlinvest acquires 20% of Everstone’s restaurant business
Family office Verlinvest, has acquired a 20% stake in Cuisine Asia, a Mauritius-based holding company set up by Everstone Capital to manage its food and beverage assets.
PE financing: Lagging leverage
Spooked by wider economic issues, European banks are pulling back from the leveraged buyout market. This presents a further challenge to private equity firms already adjusting to tighter financing conditions
Elara Capital to launch India-focused healthcare fund
Elara Capital, a UK-based financial services company, is in talks with a counterpart in Dubai with a view to launching a private equity fund that will target healthcare investments in Asia and Africa. India will be a particular area of focus given Elara’s...