Europe
Asian GPs and AIFMD: Shades of gray
Many Asian managers are coming to terms with how the EU’s Alternative Investment Fund Managers’ Directive might impact their fundraising plans. Unfortunately the legislation remains difficult to fathom
ClearVue’s cross-border cosmetic play
Beauty is a big business for ClearVue Partners. Sales of cosmetic products in China grew 10% year-on-year between 2008 and 2013. The market is thought to be worth $80 billion with plenty of room for further growth.
India's Suzlon sells German unit to Centerbridge
Suzlon Energy, an India-headquartered wind-turbine manufacturer, has sold its German subsidiary - Senvion - to Centerbridge Partners in EUR1 billion ($1.16 billion) deal.
Infrastructure funds exit UK's Eversholt Rail to Cheung Kong
3i Infrastructure, Morgan Stanley Infrastructure Partners and Star Capital Partners have agreed to sell Eversholt Rail Group, one of the UK’s three major rolling stock operators, to a consortium led by Hong Kong-based Cheung Kong Infrastructure (CKI)...
China’s ClearVue in cross-border cosmetics investment
Chinese GP ClearVue Partners has teamed up with US-based Catterton to provide a round of funding for Intercos, a European manufacturer of cosmetics and skincare products that wants to expand in China.
Japan’s NTT Docomo Ventures backs France-based Sunpartner
NTT Docomo Ventures, the corporate VC arm of the eponymous Japanese telecom giant, has taken part in a EUR4 million ($4.7 million) round for Sunpartner Technologies, a French solar panel manufacturer.
Fosun consortium set to win battle for Club Med
A consortium led by Fosun International looks set to emerge victorious from the long-running battle for Club Méditerranée (Club Med) after rival bidder Global Resorts withdrew from the process.
VIDEO: Terra Firma's Guy Hands
European businesses are selling for higher multiples because financing has come back, but they are still quite reasonably priced compared to pre-global financial crisis levels, says Guy Hands, chairman and CIO of Terra Firma. The question for buyers is...
Fosun consortium raises offer for Club Med yet again
A consortium led by Fosun International has submitted another improved offer for Club Méditerranée (Club Med) – extending a process that has already more than 18 months and during which the bidding price has risen nearly 45%.
Cathay reaches final close on Sino-French fund
Cathay Capital has reached a final close on its latest Sino-French fund at the hard cap of EUR500 million ($624 million) after less than a year in the market.
Mandarin Capital exits Dagong Europe to Chinese JV partner
Mandarin Capital Partners has sold its 40% stake in a European credit ratings agency to joint venture partner Dagong Global Credit Rating. China-based Dagong is now the sole owner of the asset.
Italy’s Bonomi raises offer for Fosun target Club Med
Andrea Bonomi has raised the stakes in the battle for Club Méditerranée (Club Med), increasing his offer for the vacation resort operator just days after a consortium led by China’s Fosun International submitted an improved bid.
China’s Fosun sweetens Club Med bid
A consortium led by China Fosun International has improved its offer for France-based Club Méditerranée (Club Med), valuing the vacation resort operator at EUR879 million ($1.12 billion).
Financial technology accelerator launches in Singapore
Startupbootcamp FinTech, a Europe-based accelerator that focuses on financial technology, has launched an Asian program in Singapore.
China's Ally Bridge ventures into German healthcare
Ally Bridge Group, a healthcare-focused PE firm based in Hong Kong and the US, has made its first investment in Europe, participating in a EUR6.6 million ($8 million) round of funding for Pieris, a Munich-based clinical-stage biotechnology firm.
Pantheon gets emerging markets mandate from Finland's VER
Pantheon has won a EUR100 million ($124 million) mandate from Valtion Eläkerahasto (VER), the Finnish state pension fund, for investments across Asia and emerging markets.
Singapore’s Infocomm Investments extends reach to Europe
Infocomm Investments, a VC arm of the Singapore government-backed Infocomm Development Authority (IDA), has opened an office in London, its second overseas base after Silicon Valley.
GIC bags minority stake in Jimmy Choo at IPO
Singapore sovereign wealth fund GIC Private has taken a 4.6% stake in Jimmy Choo as the luxury shoemaker went public on the London Stock Exchange at a valuation of GBP546 million ($879 million).
Shaw Kwei to support German manufacturer in China expansion
Shaw Kwei & Partners has invested $40 million in German equipment manufacturer Schmid Group to support the company’s expansion domestically and in China.
India solar developer gets $33m from Kotak Mahindra, EIB funds
Kotak Mahindra Group and European Investment Bank Group (EIB) have together committed INR2 billion ($32.7 million) to India Solar Energy Firm SolarArise India Projects.
Club Med board endorses improved Fosun buyout offer
The board of directors of Club Méditerranée (Club Med), the France-based vacation resorts operator, unanimously recommended that shareholders should accept an improved takeover bid from Chinese conglomerate Fosun International and its partners.
Rocket Internet shares close down 13% on Frankfurt debut
German internet incubator and investor Rocket Internet saw its shares close down 13% on the first day of trading on the Frankfurt Stock Exchange following a EUR1.6 billion ($2 billion) IPO.
Fosun, Ardian bring in Jiuding for improved Club Med offer
Fosun International and Ardian Private Equity have reactivated their interest in French-based vacation resorts operator Club Méditerranée (Club Med), forming a new consortium that includes Chinese GP Jiuding Capital and Hong Kong Utour International...
China Exim Bank fund agrees $406m Poland wind farm JV
The China-CEE Fund, a $500 million vehicle backed by China Exim Bank that invests in Central and Eastern Europe, will partner Israel’s Enlight Renewable Energy to buy a controlling interest in two Polish wind projects for up to PLN1.3 billion ($406...