Commodities
IDFC Alternatives buys stake in India commodities exchange
IDFC Alternatives has acquired a 5% stake in National Commodity and Derivatives Exchange (NCDEX), India’s largest agricultural commodity derivatives exchange, from Jaypee Financial Services for INR456 million ($7.3 million).
KKR targets $474m Bis Industries IPO – report
KKR is reportedly planning a December IPO for Australian mining logistics company Bis Industries, with marketing to institutional investors to begin this week.
Central Asia oil producer sells Kazakh assets to China PE fund
Tethys Petroleum, a Central Asia and Caspian region-focused oil and gas producer, has agreed to sell half of its Kazakhstan oil and gas assets to Sino Oil and Gas Investment (SinoHan), a subsidiary owned by Beijing-based HanHong Private Equity Group.
Blumont receives $200m injection to support Discovery Metals investment
Blumont Group has received $200 million in new funding from New York-based investment firm Platinum Partners, half of which will be used to buy convertible bonds in Australian copper miner Discovery Metals, previously a target of Chinese private equity...
South Korea's Troika Resources, Canada's Bellatrix form oil JV
Bellatrix Exploration, a small Canadian oil and gas explorer, has formed a C$240 million ($231 million) joint venture with the South Korea's Troika Resources Private Equity Fund (TRPEF) - which is managed by KDB Bank, SK Energy and Samchully Asset Management...
CIC agrees $1.3b debt-for-equity swap with Bumi Resources
China Investment Corporation (CIC) has agreed a debt-for-equity swap worth $1.3 billion with embattled Indonesian miner Bumi Resources.
KKR invests $200m in Malaysia’s Weststar Aviation
KKR has completed its first investment in Malaysia, paying approximately MYR642 million ($200 million) for a substantial minority stake in Weststar Aviation Services (WAS). It is also the first investment from KKR Asian Fund II, a $6 billion vehicle that...
CIC takes 12% stake in Russian potash producer
China Investment Corp. (CIC) is now the second largest shareholder in Russia's Uralkali - the world's biggest potash producer - after it converted bond holdings into equity equivalent to a 12.5% stake.
The Asia real assets story
It is difficult to tell whether Asia is at the beginning of a real assets story or negotiating a transition phase somewhere around the middle. "Real assets" is such an all-encompassing term, taking in everything from forestry to energy to real estate,...
CHAMP, Headland seek full acquisition of Miclyn Express Offshore
CHAMP Private Equity and Hong Kong's Headland Capital Partners have offered to buy the 24.8% of oil and gas services group Miclyn Express Offshore (MEO) they do not own for around A$150 million ($137 million).
Singapore’s Temasek exits Cheniere Energy
Temasek Holdings has halved its stake in Cheniere Energy, taking advantage of a spike in the US liquefied natural gas (LNG) company’s shares. The Singapore fund sold 9.2 million shares in the second quarter of 2013 at a valuation of $257 million.
Quantum-backed Intrepid Mines loses CEO
Brad Gordon, the chief executive of Intrepid Mines - the embattled Australia-listed resources company backed by Hong Kong private equity firm Quantum Pacific - has resigned.
Australia mining: Swings and roundabouts
The end of the commodities super-cycle in Australia has impacted both mining companies and the businesses that serves them. Private equity can benefit, but only if it digs deep
China Molybdenum beats strategics, PE to Rio Tinto copper mine stake
China Molybdenum (CMOC) has fought off competition from PE and strategic investors to acquire an 80% stake in Rio Tinto's Northparkes copper mine in Australia for $820 million.
Asia Pacific Capital completes $25m Series C round for Ciris Energy
Hong Kong-based Asia Pacific Capital (APC) has invested $15 million in Ciris Energy, a US company that converts coal to natural gas, concluding a $25 million Series C round of investment.
First Reserve-backed KrisEnergy jumps 5% on Singapore debut
KrisEnergy, the Southeast Asia-focused oil and gas exploration and production (E&P) company which counts First Reserve among its investors, rose 5% on its trading debut in Singapore on Friday. The stock closed at S$1.155 after reaching an intra-day high...
First Reserve-backed KrisEnergy to raise $213m in IPO
Southeast Asia oil and gas exploration and production (E&P) company KrisEnergy, which counts First Reserve among its investors, is expected to raise S$270.8 million ($213 million) through its Singapore IPO.
Indonesia mining: Swimming with sharks
Indonesia is resource rich and its mining sector is coveted by many foreign investors. But regulatory and legal uncertainty, plus concerns about local partners, is compelling them to sit on the sidelines
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
Southeast Asia’s unloved
Southeast Asia is in vogue, seen by many as an increasingly credible alternative to China and India. Indonesia, as the region’s only market of scale, has naturally attracted the most interest. Virtually every regional and global private equity firm...
Japan's Chiyoda acquires PE-backed energy consultancy
Chiyoda Corp, a Japanese engineering contractor, has acquired a majority stake in Scottish energy consultancy business Xodus Group from UK private equity backer Simmons Parallel Private and Dutch investor Sunrise Xodus. Financial details were not disclosed.
Temasek’s portfolio expands to $169b with greater focus on energy
Temasek Holdings saw its portfolio grow to S$215 billion ($169 billion) for the year ended March 2013, up 8.6% from the preceding 12 months.
Warburg Pincus-backed India coal washery firm re-files for IPO
Warburg Pincus is set for a partial exit from ACB, a provider of coal beneficiation services, after the company re-filed a draft red herring prospectus (DRHP) for an IPO. It hopes to raise INR4.15 billion ($69.4 million).
PE investor fails to oust Intrepid board over Indonesia mining dispute
Hong Kong-based PE firm Quantum Pacific Investment has failed in its attempt to remove the directors at Australia's Intrepid Mines after the company lost control of a key Indonesia mining asset.