3i Asia Pacific
Profile: Anil Ahuja
After pioneering Indian private equity and helping launch some of the biggest movers and shakers in the region, Anil Ahuja called it quits. In some ways, the postscript has been more rewarding
Deal focus: CITIC Capital, 3i team up in auto services
CITIC Capital and 3i have together committed $265 million to Formel D with a view to helping the German auto testing and inspection business expand its footprint in Asia
CITIC Capital, 3i acquire German auto services provider
China-focused GP CITIC Capital has teamed up with 3i Group to acquire Formel D - a German provider of vehicle testing and other support services to the auto industry - from private equity firm Deutsche Beteiligungs AG (DBAG).
Temasek, 3i to exit ACR Capital to Chinese consortium
An investment vehicle controlled by China's Shenzhen Qianhai Financial Holdings (QFH) and Shenzhen Investment Holdings (SIHC) has agreed to buy Singapore-based reinsurer ACR Capital Holdings from its backers, which include Temasek Holdings, Khazanah Nasional...
Chinese chemicals maker buys Tommee Tippee owner from 3i
Shanghai Jahwa United, a Chinese chemical products maker wholly owned by Ping An Insurance Group, has agreed to buy Mayborn Group – the UK-based manufacturer of Tommee Tippee baby bottles – from 3i Group.
Infrastructure funds exit UK's Eversholt Rail to Cheung Kong
3i Infrastructure, Morgan Stanley Infrastructure Partners and Star Capital Partners have agreed to sell Eversholt Rail Group, one of the UK’s three major rolling stock operators, to a consortium led by Hong Kong-based Cheung Kong Infrastructure (CKI)...
PE firms set for part exits as India’s VRL Logistics, UFO Moviez file for IPOs
New Silk Route (NSR) will sell shares in VRL Logistics and Providence Equity Partners and 3i Group will make partial exits from UFO Moviez as both companies filed for IPOs in India.
3i completes med-tech upscale job
When John Thomson, head of 3i Group’s Southeast Asia business, met Singaporean entrepreneur Jay Pok in the mid-2000s, he was on the lookout for a medical technology investment. But Pok’s company, medical cable maker LHi Technology, though impressive,...
3i exits Asian medical device maker LHi to US trade buyer
3i Group has exited LHi Technology – a medical equipment manufacturer bought from Baring Private Equity Asia in 2008 – to US-based Carlisle Companies for an enterprise valuation of around $195 million, claiming a 2.9x money multiple.
CDH-backed Beijing Digital Telecom eyes $152m HK IPO
Beijing Digital Telecom (BDT), China’s largest mobile telecom retail chain, which is backed by 3i Group and CDH Investments, plans to raise up to HK$1.18 billion ($152 million) through an IPO in Hong Kong.
3i exits auto parts firm to Chinese buyer, nets 2x return
3i has sold Hilite International, a German suppler of auto engine and transmission parts, to China's AVIC Electromechanical Systems for EUR473 million ($643.8 million), generating a 2.1x return.
Singaporean investor Temasek opens London office
Temasek Holdings has established an office in London to support its investment interests in Europe, the Middle East and Africa. A New York base is expected to become operational later this year.
Arun Nanda appointed as 3i India chairman
The UK-based 3i Group has appointed Arun Nanda as non-executive chairman of its Indian operations.
Macquarie hires 3i’s Paul Su in China
Macquarie Capital has named Paul Su, former senior director at 3i Group, as senior managing director and chairman for Greater China.
Toshiba expands in India with 3i’s Vijai Electricals acquisition
Japan’s Toshiba Corporation will acquire the majority of Vijai Electricals’ electricity transmission and distribution (T&D) business for approximately $200 million. 3i bought a minority stake in Vijai for $25.8 million in 2006.
Southeast Asia oil and gas: Going solo
The relative scarcity of independent oil and gas exploration and production firms in Southeast Asia doesn’t reflect the region’s wealth of natural resources opportunities. Private equity firms are catching on
3i Debt hires Lisa Johnson as Asian investor relations director
3i Debt Management (3iDM) has appointed Lisa Johnson as director of investor relations in Asia. Based in Singapore, Johnson will help 3iDM expand its business in the region and develop its client relationships.
Anil Ahuja departs 3i
Anil Ahuja, managing partner and head of Asia for 3i, has quit the private equity firm. According to a statement, Ahuja is leaving to pursue other opportunities, although he will still operate as a part-time consultant to 3i.
Power play: India’s power sector
Private equity investors are less bullish on India’s power sector in the light of widespread negative investor sentiment, but lower valuations and long-term fundamentals still offer attractive entry points
3i’s Nikhil Gahrotra joins BanyanTree
Banyan Tree Finance has poached Nikhil Gahrotra from 3i Group, where he was working as associate director. He joins the mid-market PE firm as a director.
3i India completes investment in Supreme Infrastructure
3i India has completed its minority investment in a portfolio of four road companies held by Supreme Infrastructure India (SIIL), a Mumbai-based infrastructure company.
3i to close Hong Kong, Shanghai offices to reduce costs
3i has announced plans to axe more than 160 staff and close six offices, including those in Hong Kong and Shanghai, in a move to bring its capacity down to a more realistic level. The massive job cutting program is expected to reduce 3i’s annual operating...
Morgan Stanley in talks to buy Lanco's road assets
Morgan Stanley Infrastructure Partners, a $4-billion global infrastructure fund, is in early discussions with Lanco Infratech to buy its 401km of highway projects.
L&T Infra to raise $250-300m from PE investors
L&T Infrastructure Development Projects (L&T IDPL) is in talks with private equity investors to raise $250-300 million.