Goldman Sachs
Blackstone raises half its $781m RMB-denominated fund
Blackstone Group has reached the halfway point in fundraising for its RMB5 billion ($781.3 million) debut renminbi-denominated fund, said Michael Sotirhos, senior managing director at the buyout firm.
Goldman Sachs invests $202m in India's ReNew Wind Power
Goldman Sachs’ private equity arm has committed INR10 billion ($202 million) for a majority stake in Indian start-up ReNew Wind Power, marking one of the largest investments into the country’s clean energy sector.
Accel cancels plans for $400m India fund - report
Silicon Valley-based VC firm Accel Partners will not raise a $400 million India-focused fund as previously planned, The Times of India reported, citing unstable market conditions and increased competition as reasons for the decision.
India’s alternative lenders
Non-banking finance companies are becoming increasingly significant in India’s financial sector. Foreign private equity firms are keen to get involved, but how does this fit into their wider strategies?
PE partnerships – A route into Indonesia
The recently announced TPG-North Star Pacific share swap got me thinking about collaboration between private equity firms. Global PE players have been using local funds to gain access to new markets for some time now, and quite a few have committed capital...
US court widens collusion probe of 2005-2007 mega deals
The mega “club deals” between some of the big global buyout firms during the 2005-2007 boom period have been put under wider scrutiny in a US antitrust lawsuit. The four-year-old case accuses 11 firms, including Blackstone Group and KKR, of colluding...
Japan’s airlines explore budget options
Japan Airlines and All Nippon Airlines have joined First Eastern-backed Peach Aviation in the low-cost carrier space. Is there room for more private equity involvement?
PE-backed Taikang Life looks to IPO within three years
China’s fifth-largest insurance firm Taikang Life, which is 12%-owned by Goldman Sachs, is slated to list in Shanghai and Hong Kong within the next three years, Dongsheng Chen, the company’s chairman, told local media
PE-backed Muthoot Finance seeks to raise $218m
Muthoot Finance, India’s largest gold-loan non-banking finance company (NBFC) plans to raise INR10 billion ($218 million) through the issue of listed retail non-convertible debentures (NCDs). It would follow four rival NBFCs, including Mannapuram Finance...
Korean government suspends Woori sale process
The Korean government has suspended the auction of its 57% stake in Woori Finance Holdings after MBK Partners materialized as the sole bidder for the asset. This is the second time the government has tried and failed to exit its holding in Woori, which...
Woori sale up in the air as MBK emerges as sole bidder
The sale of the Korean government’s stake in Woori Finance Holdings has been called into question after a consortium led by MBK Partners emerged as the sole bidder for the asset.
China Life recieves PE investment license - report
Chinese insurance major China Life has been granted a license to raise a private equity fund, China’s 21st Century Business Herald first reported, and has targeted its first investment.
Goldman Sachs nears $555m investment into MBK for Woori bid
South Korean private equity fund MBK Partners is reportedly close to securing a KRW600 billion ($555 million) investment from Goldman Sachs that will support its bid for Woori Finance Holdings.
Matrix commits $9.9m to Kids Clinic India's Series A round
Matrix Partners India has committed INR450 million ($9.9 million) as the sole institutional investor in Kids Clinic India Private Limited, a Bangalore-based provider of maternity and infant care services. The immediate goal is to enlarge the company’s...
Punjab National Bank to take 30% stake in MetLife India
Punjab National Bank (PNB) will take a 30% stake in MetLife India, an insurer that counts M Pallonji Enterprises, Jammu Kashmir Bank, IGE and several private equity firms among its shareholders. M Pallonji is also believed to be part-owned by GS Strategic...
China funds: Cult of personality
Star dealmakers are busy setting up their own funds in China. LPs need to separate the hype from the investment reality
Vodafone wants PE partner for its India business
Vodafone is in talks with at least two private equity companies as it seeks a replacement for its Indian partner Essar, The Economic Times reported, citing a person involved in the discussions.
PE firms target Indian non-banking financial companies
Private equity firms have invested $200 million in six Indian non-banking financial companies (NBFCs) since the start of the year despite regulators saying they will tighten their grip on the sector, Live Mint reported.
Sun Art raises $1.1b in Hong Kong IPO
Sun Art Retail Group, China’s largest supermarket operator, raised $1.1 billion through its Hong Kong IPO after pricing shares at the top of the indicative range.
Lexington closes largest-ever secondaries fund at $7b
Lexington Partners has closed its latest secondary fund at $7 billion, making it the largest-ever secondaries offering, Dow Jones reported, citing people familiar with the situation. The fund includes separate accounts – including one held by China...
Management, private equity launch takeover bid for China Natural Gas
China Natural Gas, a NASDAQ-listed compressed natural gas provider, plans to go private, backed by a group comprising the company chairman and CEO and Themes Investment Partners. Ji Qinan, the chairman and CEO, has entered into an exclusivity agreement...
Warburg Pincus to sell Max Healthcare stake to Max India
Max India, an insurer and hospital operator, plans to buy a 16.37% stake in its subsidiary Max Healthcare from Warburg Pincus, Economic Times reported.
Goldman Sachs takes minority stake in Max India
Goldman Sachs’s private equity unit will acquire a 9.4% stake in Max India, an insurer and hospital operator, for $115 million, according to reports.
Hony Capital seeks to take foreign tech firms into China
Hony Capital wants to take US and European technology companies into China, exposing them to new markets and adding value to their business, according to John Zhao, the private equity firm’s CEO and managing partner