3i Asia Pacific
3i takes stake in Indian energy firm
3i has invested $45 million for a minority stake in Ind-Barath Energy Limited (Utkal), from its $1.2 billion 3i India Infrastructure Fund.
3i plans China fund
London-based private equity firm 3i is reportedly engaged in negotiations with the Chinese government to form a local fund, Cinco Dias reported.
3i acquires Mizuho’s debt management unit
London-based private equity firm 3i has completed its acquisition of Mizuho Bank’s debt management business unit, Mizuho Investment Management (MIM). Deal size was not disclosed but UK-based MIM manages £3.7 billion of assets.
Actis, GIC invest $77 million in GVK Energy
One month after Indian power giant GVK Energy received a $182 million investment from 3i India, Actis and SWF the Government of Singapore Investment Corporation (GIC) have also pledged $77 million in the company.
Unitas picks up 3i portfolio company, Hyva
Hong-Kong headquartered Unitas Capital has led a consortium in the purchase of leading Netherlands-based hydraulic solutions provider to the commercial vehicle sector, Hyva Investments BV (Hyva), for EUR 525 million ($696 million). 3i purchased the group...
3i CEO Michael Queen talks infrastructure in India
Off the back of 3i Group’s announced $1.5 billion Indian infrastructure fund, CEO Michael Queen speaks candidly with AVCJ about the firm’s ramped-up allocation in India and why placing bets on infrastructure is the right move.
Queen confirms new 3i infrastructure fund at AVCJ India Forum
3i Group CEO Michael Queen has confirmed the formation of the group's second Indian infrastructure fund, expected since March this year, while speaking at the AVCJ India Forum 2010 in Mumbai.
3i's Queen says India "most attractive market in the world" at AVCJ India Forum 2010
Hailing "breathtaking" opportunities in India at the 11th Annual AVCJ Private Equity & Venture Forum India 2010 in Mumbai, Michael Queen, Chief Executive of the UK's 3i Group Plc, remarked that, "when I look around the world, it’s absolutely critical...
Indian private equity’s characteristics
Even though the Indian economy is booming as never before, the private equity market is facing several barriers to entry.
Insights from the India Web Seminar 2010
An online panel aired ahead of the 11th annual AVCJ India Forum explored the economic outlook for India, the abundance of uninvested capital in the market and difficulties for foreign firms in highly regulated sectors.
AVCJ Forum India panel highlights growth, early days
The India panel at this year’s AVCJ Forum in Hong Kong highlighted both the Indian private equity market’s potential and its nascent status, in a debate conducted by Anil Ahuja, Head of Asia for 3i, Harjit Bhatia, Chairman and CEO of Asia Growth Capital...
3i Hyva talks with Chongqing Machinery confirmed, Unitas probable
Sources close to the process have confirmed to AVCJ that 3i Group is in discussion with PRC strategic player Chongqing Machinery & Electric Company regarding the potential purchase of its portfolio asset Hyva, a Dutch hydraulic cylinder maker, which could...
3i half-year results highlight Asia macro strength, but see little investment, divestment
3i Group's half-year results to Sept 30th 2010, just released, highlighted the contribution of Asian markets and companies to the UK listed private equity leader's gross portfolio return of 8.7% and a 3.8% return on opening shareholders' equity, but showed...
3i announces $182 million GVK Energy investment
3i Group has announced a $182 million investment from its 3i India Infrastructure Fund as leader in a total RS1200 crore ($260 million) funding round for GVK Energy Ltd., a subsidiary of leading Indian infrastructure developer GVK Power and Infrastructure...
India's GVK Power said still in talks with SCPEL, TPG
GVK Power and Infrastructure Ltd., an arm of Indian conglomerate GVK, is continuing talks with TPG Capital, Standard Chartered Private Equity Ltd. (SCPEL) and Morgan Stanley's infrastructure fund to invest some $250-300 million for up to 30% of its Mumbai...
SVCA Awards, Hall of Fame showcase Singapore's private equity and VC brightest
The Singapore Venture Capital and Private Equity Association (SVCA) has released the results of its inaugural SVCA Annual Awards, with winners recognized in four categories, as well as inducting five local VC and private equity pioneers into its Hall...
3i looks to expand debt to India after Mizuho purchase
UK private equity leader 3i Group is seeking to expand its new debt offering to India, with a planned launch of an India-dedicated debt fund, following its purchase of $5.9 billion European debt specialist Mizuho Investment Management last month, according...
3i picks up Mizuho Investment for Europe debt
3i Group has acquired a unit of Japan's Mizuho Corporate Bank, Mizuho Investment Management (UK), which specializes in European debt, for some GBP18.3 million ($28.68 million).
3i plans RMB fund under Queen's blueprint
UK private equity major 3i Group is planning to launch a renminbi-denominated fund as part of an overall two-year plan, announced 3i CEO Michael Queen, coming alongside the second Indian infrastructure fund expected since March this year.
3i India exits 6.6% stake in steel pipe maker Welspun Corp.
UK private equity firm 3i Group has exited its 6.6% stake in Indian steel pipe producer Welspun Corp. Ltd. for an undisclosed amount, coming three years after it first invested INR350 crore ($76.8 million) in the company.
3i to invest $86 million in Indian infrastructure firm KMC Constructions
3i Group is set to invest INR400 crore ($86.6 million) in Indian highway-infrastructure firm KMC Constructions from its $1.2 billion infrastructure fund, according to reports.
3i may invest $200 million in India's GVK
3i may invest up to $200 million into Indian infrastructure giant GVK Group as part of the company’s efforts to raise $250 million, with Actis potentially fronting the remaining capital to fulfill GVK’s target, local media reports.
Anil Ahuja of 3i Asia Pacific
Anil Ahuja, head of 3i Asia Pacific, explains at length the investment opportunities within India’s infrastructure industry – noting that power, especially, offers investment options – and further discusses why entering infrastructure deals with...
Nimbus revives IPO exit plan
3i Group and Oman International Fund investee Nimbus Communications, an Indian broadcaster which operates the Neo Sports and Neo Cricket channels, has revived an IPO plan originally mooted in 2008, and may seek to raise up to INR750 crore ($160 million).