Actis Capital
PE-backed Ambow files for NYSE IPO
Ambow Education Holding Ltd. - a PRC education and career development service provider backed by Actis, CStar Investment, EdVenture, JAFCO Asia Technology Fund and Macquarie - has filed for an IPO on the New York Stock Exchange, planning to raise nearly...
Actis to buy Halonix's general lighting unit
Emerging markets-focused PE firm Actis Capital is to fully acquire the loss-making general lighting business of Indian halogen bulb and lamp manufacturer Halonix, a company in which it currently holds a 66% controlling stake.
IDFC collects from Khazanah, Actis
Indian infrastructure finance leader Infrastructure Development Finance Co. (IDFC) is to raise INR840 crore ($179 million) through an institutional placement of convertible preference shares to current investor Malaysian SWF Khazanah Nasional and UK private...
Blackstone completes Monnet deal
The Blackstone Group has executed its plans, first publicized in March this year, to invest around $60 million for 12.5% of Monnet Power Co. Ltd., an Indian independent power producer currently developing at 1050MW coal-fired power plant in Orissa state....
3i winds down Asia buyout practice
The UK's 3i Group has wound down its buyout arm in Asia, after merging its Singapore-led buyout team into its growth capital platform in the region, and transferring responsibility for Asian buyouts to its global buyout team.
Actis settles differences over Nilgiri Dairy
Actis Capital has resolved its long-running dispute with the promoters of Nilgiri Dairy Farm, the Indian milk products group it took an ostensible control stake in for $65 million in 2006.
Who's got talent?
Along with the rest of the world, private equity firms – and their investee companies – put the brakes on hiring through the financial crisis.
Taizinai ex-chairrman under arrest
Li Tuchun, former founding chairman of troubled Actis, Goldman Sachs and Morgan Stanley drinks manufacturer investee Hunan Taizinai Group, has been arrested by mainland authorities on suspicion of embezzling state funds, according to PRC media reports....
CapAsia recruits 3i's Osborne, Pru's Martin
Fresh from its rebranding, infrastructure investor CapAsia, previously CIMB Standard Strategic Asset Advisors, has recruited two senior professionals, David Osborne, formerly Partner and head of the Asia buyout team at 3i Group, and Craig Martin, previously...
Temasek discusses Indian roads fund
Singapore SWF Temasek Holdings is in talks with Indian authorities to create a fund of up to $2 billion to finance opportunities in the Subcontinent's roads and transport sector, according to Kamal Nath, the country's Minister for Road Transport and Highways....
Actis plans GVK power deal for India
Actis is planning to invest up to $215 million in GVK Power and Infrastructure Ltd., the coal, gas and hydropower arm of Indian conglomerate GVK, according to Indian reports.
Actis KS Distribution deal approved
Emerging markets private equity firm Actis, has formed KS Distribution Pte. Ltd., an oil, gas and marine products distribution company, in partnership with Singapore-based KS Energy Services Ltd.
Patient capital?
Going by some informal feedback to AVCJ, one could be forgiven for thinking that many LPs have learned nothing from the GFC.
Actis JV with Tata targets up to $2b
Another indicator of the potential for infrastructure investment in India – and the importance of a local corporate partner in the Subcontinent – surfaced recently with Actis Capital’s announcement of a JV with Indian conglomerate Tata Group to invest...
KKR solidifies India cement with Dalmia
Kohlberg Kravis Roberts & Co. has agreed an investment of around INR750 crore ($164 million) into Dalmia Cement (Bharat), for a c.20% stake in unlisted subsidiary Avnija, which will house the group's cement manufacturing capacity to create India's largest...
Actis announces KS Distribution deal
Actis has partnered with SGX-listed energy services company KS Energy in a $230 million deal to create Asia's largest oil, gas and marine products distribution business, KS Distribution.
Actis said launching $2 billion roads JV with Tata
UK emerging markets investor Actis Capital is launching a JV with Indian conglomerate Tata Group to invest up to $2 billion over five years in India's roads.
Taizinai liquidiation challenged
In the latest, not unexpected, complication in the attempts by private equity investors and debt-holders to recover money from struggling PRC milk drinks producer Hunan Taizinai Group, the company's chairman, Li Tuchun, is said to be resisting efforts...
Taizinai puts China risk on show
The deteriorating situation around Hunan Taizinai Group, a PRC dairy company now in provisional liquidation with RMB3 billion ($440 million) in debt, is turning into quite a lesson on the risks of emerging markets investing, particularly in China.
Actis, Goldman, Morgan Stanley's Taizinai collapses with $440 million debts
Actis Capital, Goldman Sachs, and Morgan Stanley investee Hunan Taizinai Group, a PRC dairy company, has gone into provisional liquidation with RMB3 billion ($440 million) in debt.
Blackstone targets India power stake with Monnet
The Blackstone Group is reportedly targeting 12% of an Indian power project in Orissa state backed by metals and power conglomerate Monnet Ispat, in a deal that could be worth up to $58 million.
Actis said nearing compromise with Nilgiri promoters
Emerging markets investor Actis Capital is reportedly nearing agreement with the promoter family behind Indian investee Nilgiri Dairy Farm, after legal and other disputes apparently brought Actis close to exiting its $65 million stake.
Actis recruits Soh from Temasek
Leading London-headquartered emerging markets investor Actis has recruited Lionel Soh, a former associate director of investments at Temasek Holdings, as a director for its Singapore office.
Actis makes Philippines investment in Ayala's Integreon
Emerging markets specialist firm Actis has invested $50 million in Integreon, the BPO company owned by Ayala holding company Livelt Investments Ltd.