energy
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.
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 has...
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.
Northern Lights, Nereus Capital bolster India clean energy
Nereus Capital has received $100 million in commitments from Northern Lights Capital Group and the US Agency for International Development (USAID) for its $250 million India Alternative Energy Fund (IAEF).
PE-owned Dutch waste company sells subsidiary to Cheung Kong Infrastructure
A Dutch waste management provider owned by CVC Capital Partners and KKR has exited its energy-from-waste (EfW) subsidiary to a consortium led by Cheung Kong Infrastructure (CKI) for EUR940 million ($1.27 billion). It is the Hong Kong-based company’s second...
CHAMP, Headland seek to oust Miclyn directors
Headland Capital Partners and CHAMP Private Equity, majority shareholders of Miclyn Express Offshore, are looking to jettison two of the company's independent directors, saying the move would be in the interests of shareholders.
Navis plugs into Southeast Asia energy demand
Southeast Asia's hunger for energy cannot be overstated. Of the region’s 600 million inhabitants, a staggering 160 million live without electricity. According to a report published last year by the National University of Singapore’s Energy Studies Institute,...
Goldman invests $135m in ReNew Wind Power
Goldman Sachs is investing another $135 million in Indian energy producer ReNew Wind Power, adding to its initial investment of around $250 million made in 2011. The firm has set a $40 billion target for financing and investing in clean technology companies...
CITIC PE to launch offshore energy fund with Canadian asset manager
CITIC Private Equity has entered into a joint venture with Canadian asset manager Sprott to set up an offshore global resources fund. The vehicle fits in with China’s strategic interest in acquiring overseas energy assets required to sustain economic...
IFC invests $5m in India's NSL Renewables
The International Finance Corporation (IFC) has invested $5 million in Indian energy developer NSL Renewables Power Private Limited (NRPPL) to finance its wind and hydropower projects. NSL has raised a total of $120 million for the current phase of its...
SCPE invests $75m in Asian gas project developer
Standard Chartered Private Equity (SCPE) has invested $75 million in Asia Pacific gas specialist Energy World Corporation (EWC) through a corporate exchangeable bond issue. The capital will be used to support liquefied natural gas (LNG) projects in the...
Denham Capital invests $75m to join Australian wind power JV
US private equity firm Denham Capital will invest $75 million in a 1 gigawatt portfolio of Australian wind power projects. The projects are currently being developed by Enersis Australia, National Power and Kato Capital. Denham will join them to create...
Hahn & Co. to buy stake in South Korea's STX Energy - UPDATE
Hahn & Co. has agreed to buy a 43.15% stake in STX Energy, a subsidiary of beleaguered South Korean conglomerate STX Corp. AVCJ understands that the transaction a couple of months away from completion, and the terms could change pending the resolution...
Hong Kong's Hanhong to invest in Sprint Siberia energy project
Hong Kong-based Hanhong has agreed to invest $11 million in Australia’s Sprint Energy to support development of a project located in the Tomsk region of the prolific West Siberian Basin.
Fosun Pharma, Pramerica-Fosun buy Israel's Alma Lasers
Shanghai Fosun Pharmaaceutical, a subsidiary of China’s Fosun International, and the Pramerica-Fosun China Opportunity Fund, will be around $240 million to acquire up to 95.6% of Israel-based Alma Lasers.
Profile: American Capital's Paul Hanrahan
After 20 years at energy and infrastructure specialist AES Corporation, Paul Hanrahan now covers a similar beat for PE firm American Capital. He reflects on what has changed and what hasn't
Temasek sets up dedicated LNG investment unit
Temasek Holdings has set up an investment unit dedicated to liquefied natural gas (LNG) assets. The move comes as the Singaporean sovereign wealth fund seeks to increase its energy exposure – as also evidenced through recent PE investments – in recognition...
On rocky ground: PE's Mongolia risk factor
Rich in mining resources, Mongolia has a bright economic future, but vulnerability to commodity price shocks and an uncertain political climate have made many investors wary of taking the risk
Siemens sets up RMB venture fund
The venture capital arm of Siemens Financial Services (SFS VC), has set up a dedicated renminbi-denominated investment vehicle. The size of the fund has not been disclosed
RRJ, Blackstone boost holding in Cheniere Energy
RRJ Capital and GSO Capital, The Blackstone Group’s credit arm, have bought the bulk of $372 million in shares issued by Cheniere Energy Partners, a limited partnership that controls America’s fire liquefied natural gas (LNG) export plant.
Trafigura subsidiary buys Ausfuel from Archer Capital
Archer Capital has exited Ausfuel to Puma Energy, a subsidiary of Trafigura, for a reported cash sum of $650 million. The Australian GP acquired a majority stake in the company from CHAMP Ventures in 2010, paying around A$120 million ($125 million).