Citigroup Venture Capital International Asia
India PE spin-outs: Standing tall
India provides fertile ground for spin-outs by increasingly confident PE veterans, but LP skepticism remains a major hurdle. Managers must demonstrate their investment skills quickly or risk being left behind
VPCP and Citi back InvestLab with $10m
VantagePoint Capital Partners (VPCP) and Citigroup subsidiary Citi Ventures have led a $10 million Series A funding round for Hong Kong-based financial technology company InvestLab.
Private equity goes to the movies
The economic argument for co-producing films with Chinese partners is compelling, but does the private equity industry have enough local and Hollywood savvy to take advantage of it?
Indian micro-lender gets $14.4m in third-round funding
Bangalore-based micro-lending company Janalakshmi Financial Services has secured INR650 million ($14.4 million) in third-round funding, taking the total raised from private equity to just over INR1 billion ($22 million).
CVCI to close Japan office
The Japan office of Citi Ventura Capital International (CVCI) is set to close, having failed to find any attractive investments, Reuters reported, citing people familiar with the situation.
Breaking out of the shell
Captive funds have becoming active in Asia but are they here for the long term?
CVCI to privatize SGX-listed firm
Citigroup Venture Capital International’s (CVCI) asset Decorative Arts Holdings has taken Singapore-listed Passion Holdings Ltd. private, for a 23.8% premium on Passion’s last trading price of S$.21.
Citi’s Yuan moves to Asia
Citi has transferred Victor Yuan from New York to Hong Kong to join the financial group’s private equity team under Chris Laskowski, Head of Citi’s Financial Entrepreneurs Group Asia Pacific and COO for Global Banking in the region.
Citi VC exits Camelot
Citigroup Venture Capital International Growth Partnership and Citigroup Venture Capital International Co-Investment have officially exited their stakes in Camelot Information Systems, a provider of business solutions and IT services in China, as part...
NYSE-listed Camelot makes secondary offering
Private equity-backed New York Stock Exchange-listed Camelot Information Systems Inc., a Beijing-based provider of enterprise application services and financial industry IT services in China, has filed for a secondary offering of 7.16 million American...
Permira completes ABS deal
Permira has announced the successful completion of its acquisition of the holding company for Asia Broadcast Satellite, along with the ABS management team, giving existing PE investors CVC International, CVC International Co-Investment, and ADM Capital...
Permira’s third Asian deal a satellite play
Permira, one of Europe's largest private equity players, has purchased a controlling stake in Asia Broadcast Satellite Ltd. (ABS) from Citi Venture Capital International and ADM Capital for around $200 million.
CVCI sells stake in Emaar MGF to company's promoters
Citi Venture Capital International (CVCI) has exited its 1% investment in Emaar MGF Land Ltd, the Indian branch of Dubai realtor Emaar Properties PJSC, for a reported $60 million – up from the $50.98 million it paid in 2006.
CVCI makes 90% exit from India's KS Oils
Citigroup Venture Capital International (CVCI) has reportedly exited 90% of its 4.95% stake in cooking oil company KS Oils for INR93 crore ($19.9 million).
CVCI offloads 14.3% stake in India's JBF Industries
Citigroup Venture Capital International (CVCI) has sold a 14.3% stake in India’s JBF Industries for INR120 crore ($25.4 million) on the Bombay Stock Exchange, with Reliance Capital Trustee Co. in turn picking up 2.55 million shares for a 4.1% stake...
Citi-backed Camelot prepares for IPO
Camelot Information Systems Inc., a Citigroup Venture Capital-backed provider of business solutions and IT services in China, looks to raise $159.6 million in its NYSE IPO via the sale of at least 13.3. million American depositary shares (ADS).
Former CVCI MD Srinivasan seeks $400 million for India fund
Former MD of Citigroup Venture Capital International’s (CVCI) India operations, PR Srinivasan – who departed the company earlier this year - is set to raise between $350 million and $400 million for a domestic market-focused fund.
MagnaChip to debut on NYSE
South Korea’s MagnaChip Semiconductor, currently invested by distressed investment firm Avenue Capital Group and previously backed by a number of private equity firms prior to earlier bankruptcy, is poised for its IPO on the NYSE, in a listing which...
CX closes on $515 million
CX Partners, the Indian private equity firm headed by former CVC International India head Ajay Relan, has closed its debut fund at $515 million.
CVCI part exits JBF to parent
CVC International has reportedly sold roughly two thirds of its remaining stake in JBF Global Singapore, a polyester chip maker, to its Indian parent, JBF Industries, for some $60 million.
CVCI names Nair for India
CVC International has announced that Sunil Nair, MD, Partner and Regional Head for CEEMEA (CEE, Middle East and North Africa), will be expanding his remit to cover India.
CX debuts with Monnet Ispat investment
CX Partners has reportedly acquired an 8% stake in Indian steel and power group Monnet Ispat and Energy for some $34 million in a secondary market trade, in its first investment since its formation in 2008.
Merrill's Boston joins CP Eaton to lead private equity
Loren Boston, formerly Managing Director and Global Head of Origination for Merrill Lynch’s Private Equity Funds Group, comments to AVCJ following the news that he has joined leading placement agent CP Eaton Partners as an MD and member of the management...
Leverage India Fund got 2.1x from JBF
Leverage India Fund (LIF), a $153.5 million private equity fund managed by IL&FS Investment Managers Limited, has fully exited its holdings in JBF Industries Ltd, which claims to be India’s leading manufacture of polyester-based yarns and related materials.