Goldman Sachs
Goldman Sachs to exit Japanese golf operator
Goldman Sachs is set to sell its remaining 44.7% stake in Japan’s largest golf course operator Accordia Golf, coming nearly five years after the American investment bank offloaded 55.3% of the company at the time of Accordia’s IPO.
Hopu split reports denied
Reports and market talk of a split at the top of Hopu Investment Management, the $2.5 billion China-linked private equity and multi-strategy investment group, have been denied by sources close to the firm, which in fact appears to be nearing the threshold...
India's Tech Mahindra sees Providence, Apax private equity interest in BT stake
Leading private equity firms seem to be lining up for one of India’s larger assets, telecoms and IT outsourcing and services provider Tech Mahindra, in a deal that could be worth up to INR37 billion ($830 million).
Goldman Sachs sells down ICBC stake
Goldman Sachs, which originally purchased a 4.9% stake in Industrial and Commercial Bank of China, came back in the market after almost a year and a half to sell down a further 0.9% of its holding, raising an estimated $2.25 billion in the process.
Fortress moves Levinson to Singapore for Asia push
Fortress Investment Group is transferring co-CIO of its global macro funds Adam Levinson to Singapore to lead a new office of around 10 personnel, which will build out the firm’s Asia presence.
Goldman Sachs exits 22% stake in Cremica Foods to Motilal Oswal Private Equity
Motilal Oswal Private Equity Advisors has bought Goldman Sachs’ 22% stake in Indian investee Cremica Foods for $15 million – the same amount that Goldman spent for the investment in 2006, according to local reports citing figures close to the deal.
Goldman trying to exit holdings in Primo Japan
Goldman Sachs appears to be looking for buyers for its holdings in Primo Japan Inc., a Japanese retailer of diamond rings, in a prospective deal which could fetch as much as JPY10 billion ($118 million).
Banks far down the spinout trail?
HSBC Private Equity Asia's spinout comes as no surprise.
KKR India hires Goldman Sachs exec as Director
KKR India Advisors has appointed Goldman Sachs’ MD of Principal Investments in India Heramb Hajarnavis as its Director.
Wise paints the town with Teibow
Tokyo-based private equity firm Wise Partners has won the takeover contest for Teibow Co., a leading Japanese maker of felt pen nibs, from Goldman Sachs, in a deal estimated at around JPY12 billion ($141 million). The Development Bank of Japan (DBJ) was...
Goldman Sachs-led consortium injects another $70 million in PRC rent-a-car business
Goldman Sachs Group has reportedly led a consortium of growth-capital investors to inject $70 million in eHi Car Rental Co., a Shanghai-based car rental chain operator which recently raised around RMB1 billion ($147 million) from investor groups, including...
Wise Partners outbid PE rivals to take Goldman's Teibow
Wise Partners, a Japanese private equity firm, will buy Teibow Co., a local maker of felt pen tips, from US investment bank Goldman Sachs for between JPY10-15 billion ($117-176 million).
CICC recruits Barclays' Peng Wensheng
China International Capital Corp. has recruited a new chief economist, Peng Wensheng, the former head of China research with Barclays Capital and an alumnus of the Hong Kong Monetary Authority, according to reports.
Piper Jaffray hires Teo for Hong Kong
US specialist investment banking and securities firm Piper Jaffray has announced the hire of KB Teo, previously with Goldman Sachs, as its new head of technology, media & telecommunications (TMT) and cleantech for Asia, based in Hong Kong.
Carrefour to sell off SEA stores
French hypermarket chain Carrefour reportedly aims to put its subsidiaries in Malaysia, Singapore and Thailand up for sale in hopes of raising as much as $1 billion.
Goldman Sachs to sell its 86% stake in Teibow
Goldman Sachs is set to sell its 86% stake in Japanese manufacturer of pen nibs Teibow Co. for as much as JPY10 billion ($113 million), according to reports.
China stakes its claim
PRC dominates as fundraising and IPOs boom in 1H2010
Citi recruits Goldman's Osmond for ANZ
Citigroup in Australia has recruited Tony Osmond, formerly Goldman Sachs JBWere's local Head of M&A, Natural Resources and Industrials, as its new Head of Investment Banking for Australia and New Zealand, according to reports.
Blackstone takes EMOBILE stake in Japan
The Blackstone Group has purchased a stake of around 5.98% in EMOBILE Ltd., a Tokyo-based mobile broadband transmission provider, for JPY16 billion ($182 million) through a third-party allotment.
Khazanah may pick up Amanresorts
Malaysian SWF Khazanah Nasional, which has been more and more active in direct investments over the past 18 months, is now seeking to pick up a controlling stake in luxury resort chain Amanresorts from its current owner, Indian real estate developer DLF...
Financial investors in financial services
PE’s past and future in the sector in Asia
Khazanah may pick up Amanresorts
Malaysian SWF Khazanah Nasional is seeking to pick up a controlling stake in exclusive luxury resort chain Amanresorts from its current owner, Indian real estate developer DFL Group, for some $300-350 million, according to reports.
Goldman, GIC pick up Taikang stake
A consortium of Goldman Sachs and a unit of the Government of Singapore Investment Corporation (GIC) has fulfilled earlier predictions by winnng the auction of the 15.6% stake in the PRC's Taikang Life Insurance Corp. formerly owned by French insurance...
Taizinai ex-chairrman under arrest
Li Tuchun, former founding chairman of troubled Actis, Goldman Sachs and Morgan Stanley drinks manufacturer investee Hunan Taizinai Group, has been arrested by mainland authorities on suspicion of embezzling state funds, according to PRC media reports.