Sectors
Alibaba seeks $4b loan to support Yahoo buyback
Alibaba Group has approached lenders about financing part of the company’s buyback of a 40% stake currently held by Yahoo. The Chinese e-commerce firm is seeking a $4 billion loan to support the purchase.
CVC's second Asia fund sees value drop by 10%
CVC Asia Pacific’s second regional fund, which closed in 2005 at $1.975 billion, has reportedly lost 10% of its investment value due to failing portfolio companies such as Australian television network Nine Entertainment.
Hodes Weill makes foray into Asia
Real estate advisory firm Hodes Weill & Associates has expanded into Asia, opening an office in Hong Kong and appointing former managing director of LXL Capital Partners Alfredo Lobo as partner for the region.
TPG acquires 20% of MediaWorks' senior debt for $54m
TPG has acquired NZ$70 million ($54.1 million) worth of debt in New Zealand-based MediaWorks from lender Commonwealth Bank of Australia (CBA), accounting for approximately 20% of the company’s full debt load.
Tata, Aavishkaar subscribe to $6.9m Vortex round
Venture capital investors Tata Capital and Aavishkaar have participated in a INR370 million ($6.9 million) funding round for Indian ATM manufacturer Vortex Engineering.
CHAMP secures $130m debt for oOh!media deal
CHAMP Private Equity has reportedly secured a senior debt package worth A$130 million ($130 million) to support its take-private of Australian out-of-home advertising firm oOh!media.
NSR nears VRL investment
New Silk Route (NSR) is reportedly in discussion with Indian transport and logistics firm VRL Logistics for an INR1.5 billion ($26 million) investment.
CVC, state-owned fund make $1.65b bid for QSR in Malaysia
CVC Capital Partners and Johor Corp., the investment unit of the Malaysian state of Johor, have placed an RM5.24 billion ($1.65 billion) bid for QSR, the holder of fast food chains KFC, Pizza Hut and QSR Brands.
Southern Cross to run Australian state-backed VC fund
VC firm Southern Cross Venture Partners has secured the mandate to run the Australian government’s first renewable energy venture fund, the REVCF.
Warburg Pincus ups stake in China Biologic Products
Warburg Pincus Private Equity has upped its stake in human plasma collection company China Biologic Products (CBPO), in its tenth purchase of shares in the company this year.
Investcorp sells stake in Redington unit to Indian parent
Gulf-based alternative asset manager Investcorp has sold its 26% stake in Redington International to the subsidiary’s private equity-backed parent company, Redington India.
CHAMP PE approved for oOh!media buyout
CHAMP Private Equity has received unanimous approval by the board of directors of Australian out-of-home advertising firm oOh!media to purchase the company for A$163 million ($163 million), capping off the firm’s 2011 on a high and marking its first buyout...
BVP India invests in Indian dialysis clinics
Many entrepreneurs within growth-stage firms claim to live and breathe their business propositions. One company founder, Kamah Shah, takes this adage to the next level, however, as his reliance on kidney dialysis machines sees him undergoing the treatment...
Ind-Barath seeks funding from TPG, Apollo - report
Ind-Barath Power Infra, an Indian power and infrastructure developer, is reportedly negotiating with TPG Capital and Apollo Global Management to raise $150 million, coming after the company cancelled its plans to launch an IPO amid market volatility....
Matrix and Greylock boost Chinese app developer with $15m
Matrix Partners China and Greylock Partners have subscribed to a $15 million Series B round of funding for the company behind Chinese mobile application Flights Manager.
Quadrant-backed Media Monitors bolts on China Clipping
Media Monitors, the media intelligence company owned by Quadrant Private Equity, has secured a bolt-on acquisition in the form of media monitoring firm China Clipping.
Matrix injects $4m in Waterlife India
Matrix Partners India has invested INR220 million ($4.2 million) in drinking water supplier Waterlife India.
IEP acquires TNT's Indian road business
India Equity Partners (IEP), through its logistics subsidiary, has acquired the Indian road operations division of Netherlands-based delivery services company TNT Express.
Sportswear Holdings to exit Michael Kors via IPO
Sportswear Holdings, the Hong Kong-based private equity firm owned by Silas Chou and Lawrence Stroll, plans to exit its stake in Michael Kors via the company’s imminent IPO.
CHAMP buys oOh!media for $163m
CHAMP Private Equity has acquired Australian outdoor advertising firm oOh!media for A$163 million ($163 million), receiving unanimous approval from the company’s directors after failing to receive a higher bid.
Australian lender sells debt in New Zealand media owner at a discount
A lender of Ironbridge Capital-owned MediaWorks, the New Zealand-based owner of TV and radio channels, is selling its NZ$70 million ($54.1 million) of senior debt in the asset for NZ$0.50 on the dollar.
OneGate, Catalyst set up Sino-Israeli fund manager - report
Shanghai-based private equity fund OneGate Capital and Israel's Catalyst Investments have set up a fund manager called China Israel Technology Fund Management Company.
Greylock, Battery-backed Taggle closes down
Taggle, the Indian online retailer backed by Greylock Partners and Battery Ventures, closed its doors last week, reportedly squeezed out of the market due to competition.
CVC said to offer Nine's creditors second refinancing plan
CVC Asia Pacific has reportedly offered creditors another refinancing plan for the A$2.6 billion ($2.7 billion) of debt held by its Australian portfolio company, Nine Entertainment, coming after lenders rejected CVC’s proposal of granting the firm a two-and-a-half-year...