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Goodwin Procter adds partner to Asia PE practice
Goodwin Procter has recruited Gloria Liu as a partner in its private equity and M&A practices, based in Hong Kong. She joins from Paul Weiss, where she was a senior associate.
India Awards: Exit of the Year – Genpact
Genpact has a strong claim as the pioneer of business process outsourcing (BPO) in India, an industry that employs 700,000 people is now worth nearly $11 billion. According to a report by Nasscom and Everest Group, India accounts for more than 35% of...
CHAMP Ventures exits Australian Portable Buildings
CHAMP Ventures has agreed to sell Australian Portable Buildings (APB) to two Canadian companies, Black Diamond Group and Britco, for A$72.5 million ($75.2 million). The Australian private equity firm acquired a near 80% stake in the company in February...
Australia's RMB invests in card producer Placard
RMB Capital Partners, an Australian mid-market private equity firm backed by South Africa's FirstRand, has led an investment in Placard, a Melbourne-based producer of secure transaction cards. It is partnering with the existing owner and management team,...
Mayfield backs Indian Incubator AngelPrime
Mayfield Fund will take a majority interest in AngelPrime, a Bangalore-based incubator. The investment will be used to support operations as well as seed capital for companies that AngelPrime plans to incubate over the next three years.
Japan's DRC nets 1.5x return on Yumeshin exit
Mid-market Japanese GP DRC Capital has exited from its investment in Yumeshin Holdings, an outsourcing service provider in the construction industry, generating a 1.5x return and a gross IRR of 8.3%.
Blue Sky PE injects $3 million into Australian caterer
Blue Sky Private Equity has funneled A$3 million ($3.1 million) into Oil Industry Catering & Services, a provider of catering and support services to the Australian mining industry.
Wolseley's Guardian Childcare bolts on early learning center operator
Guardian Childcare Alliance, the Australian childcare center operator owned by Wolseley Private Equity, has acquired Jigsaw Corporate Childcare, which operates early learning centers for employees of blue chip corporate clients.
Bain in bumper $1b deal for India's Genpact
Indian business process outsourcing (BPO) firms, once a prime target for private equity investment several years ago, have inevitably become a hive of exit activity. The Blackstone Group last year sold its 66.25% stake in Intelenet Global Services to...
Bain Capital to buy 30% stake in Genpact for $1b
Bain Capital has agreed to buy 30% of Indian business process outsourcing (BPO) company Genpact from Oak Hill Capital and General Atlantic (GA) for $1 billion. The sellers will still own 10% of the firm when the deal closes.
Bain, GIC in $2b joint bid for Genpact stake - report
Bain Capital has reportedly teamed up with the Government of Singapore Investment Corp. (GIC) to formulate a joint bid for a 41% stake in Indian business process outsourcing (BPO) company Genpact.
HAPE clinches $12m FastTrack buyout
Harbert Australia Private Equity (HAPE), a unit of America’s Harbert Management Corp (HMC), has acquired a majority stake in recruitment and payroll software provider FastTrack.
CX Partners nears SIS India investment – report
CX Partners is closing in on a INR5 billion ($89.5) investment in private security firm Security and Intelligent Services India (SIS India), one of the pioneers of the country's private security industry. The deal, which will facilitate the exit of New...
VIDEO: Sterling Partners' Eric Becker
Some private equity firms in emerging Asian markets still shirk at being labeled specialist, arguing that a narrow focus risks missing out on a wealth of growth opportunities. The US, several decades down the line in terms of the private equity development...
ICICI Venture in second attempt to offload Updater Services
Indian investor ICICI Venture is attempting to exit its stake in Indian facilities management company Updater Services for the second time.
Palatine-backed Air Energi bolts on Indonesia's Satoil
Air Energi, a portfolio company of Palatine Private Equity, has purchased the technical consulting and professional manpower division of Indonesian oil services company Satoil.
Apax, Bain in race for $1.4b Genpact stake
Apax Partners and Bain Capital are reportedly competing for the 41% stake in Indian business process outsourcing (BPO) company Genpact being sold by Oak Hill Capital and General Atlantic (GA). The stake is valued at $1.4 billion, which could make this...
Nippon Mirai Capital in ALC buyout
ALC Press, a listed language-focused educational service provider, has approved a tender offer from Nippon Mirai Capital and plans to go private.
PEP seeks buyers for Link Group – report
Pacific Equity Partners (PEP) has reportedly begun the auction process for Link Group, which could sell for as much as A$1.4 billion ($1.4 billion), including debt. It is poised to be Asia’s biggest private equity exit of the year.
Ekuinas completes buyout of Tanjung's marine vessel assets
Ekuinas, the Malaysian sovereign wealth fund, will buy the 76% of Tanjung Offshore’s marine vessel services arm it doesn’t already own for MYR220 million ($72.5 million) in cash. The asset, Tanjung Kapal Services (TKS), operates 16 offshore vessels and...
India's VRL Logistics gets $33m from New Silk Route
VRL Logistics, a Karnataka-based logistics and transport company, has received an INR1.75 billion ($33 million) capital injection from New Silk Route (NSR). The investment comprises INR1.25 billion in new equity and INR500 million for a stake held by...
Spotless suspends shares ahead of news on PEP buyout bid
Spotless Group has suspended trading of its shares ahead of an announcement regarding Pacific Equity Partners’ (PEP) buyout offer for the cleaning services company. The private equity firm has reportedly improved its bid to A$745 million ($766.7 million)...
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...
Business aviation: Come fly with PE
Foreign investors and private equity funds are keen to leverage the growing appetite for private aviation services in China, but the operational and regulatory hurdles remain