energy
Ironbridge mulls IES SBO
Ironbridge Capital is reportedly among the private equity suitors looking to participate in the secondary buyout of CHAMP Private Equity’s International Energy Services (IES).
Kerogen backs sub-Saharan energy player
To the uninitiated, oil and gas assets in Congo-Brazzaville and Kurdistan might seem too risky for private equity. Energy-focused investor Kerogen Capital, however, takes a different view. The Hong Kong-based firm invested $125 million to become the largest...
PE-backed Sunshine Oilsands prepares for Hong Kong IPO
Sunshine Oilsands, a Canadian oil exploration company backed by Hong Kong private equity firm Cross-Strait Common Development Fund as well as several Chinese state-owned enterprises, could raise up to $700 million through an IPO in Hong Kong. This implies...
Asian investors back eco-fuels producer LanzaTech
The Malaysian Life Sciences Capital Fund led a $55 million Series C round of financing for low-carbon fuels producer LanzaTech. Petronas Technology Ventures and Dialog Group, also Malaysian firms, participated in the round, as did existing investors Khosla...
IL&FS signs off five real estate part-exits in 4Q
IL&FS Investment Managers (IIML) completed partial exits from five of its investments in Indian real estate in the fourth quarter of 2011. It also invested INR7.7 billion ($154 million) in the three months to December 2011.
Goldman Sachs to launch first energy-focused fund
Goldman Sachs plans to raise $2-3.5 billion for its first energy-focused private equity fund. The global vehicle, known as Broad Street Energy Partners, will target the oil, gas and power industries.
Kerogen Capital invests $125m in emerging markets oil firm
Hong Kong-based Kerogen Capital has committed $125 million to NewAge (African Global Energy), becoming the largest shareholder in the company. The investment will be made in three tranches, with Kerogen also having the right to co-investment alongside...
The changing face of Asia cleantech
New energy investment is becoming more specialized and service-oriented. Are venture capital firms moving fast enough, and far enough, to stay ahead of the game?
Mayban Ventures to invest $399m over next five years
Mayban Ventures, the private equity arm of Maybank, Malaysia’s largest financial group, has announced plans to channel up to RM250 million ($399 million) into Asian deals over the next five years.
ICICI Ventures exits Prize Petroleum stake to HPCL
ICICI Ventures has exited its stake in Prize Petroleum to Hindustan Petroleum Corporation (HPCL). The private equity firm owns 10% of Prize, with ICICI Bank and HDFC holding 35% and 5%, respectively. Each party is selling up, allowing HPCL, which already...
PTC India to set up PE vehicle with sovereign wealth fund
PTC India has agreed to set up a private equity fund with an unnamed sovereign wealth fund, according to the chairman of the state-run power trading company. It will have initial capital of $200 million and target stakes in power projects in India and...
CIC buys 25% stake in South Africa's Shanduka Group
China Investment Corp. (CIC) has paid ZAR2 billion ($245 million) for a 25% stake in South African company Shanduka Group. The sovereign wealth fund will acquire shares from exiting investors Old Mutual Private Equity and Investec.
Saratoga bets on Indonesian energy
Overseas private equity funds often attribute Indonesia’s rising-star status in Asia to its explosive consumer growth story. Many domestic players, however, have gravitated toward resource plays, and energy in particular.
Saratoga-led consortium buys top Indonesia power producer
A consortium led by Saratoga Capital is to purchase a 51% stake in the energy division of Indonesia’s largest publicly listed oil producer PT Medco Energi Internasional, reportedly for $112 million.
Blackstone plans up to $720m annual commitment to India
The Blackstone Group is considering a $500-720 million annual injection into India over the next few years, said Akhil Gupta, the firm's chairman and managing director for the country. He added that the firms has invested nearly $1.8 billion in the market...
Q&A: First Reserve Corp's Jamie Paton
Energy-focused private equity firm First Reserve Corporation set up its first office in Asia earlier this year. Jamie Paton, managing director of the company’s Asia operations, assesses the investment landscape
Blackstone targets $3b global energy fund
The Blackstone Group aims to raise up to $3 billion for its first energy fund, according to people familiar with the situation. Tony James, the private equity firm’s president, said in an earnings call that initial commitments stand at $1 billion.