Growth capital
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...
China webinar: Still a safe bet?
Exits have been preying on the minds of China-focused private equity investors as the IPO market so little signs of revival. It means GPs must think more broadly and more globally
Goldman invests $110m in Indian cable distributor
Goldman Sachs has invested INR6 billion ($110 million) in DEN Networks, an Indian cable distribution company. According to AVCJ Research, it is the fifth-largest PE investment completed in India so far this year.
Qatar sovereign fund buys $1.2b stake in Bharti Airtel
The Qatar Foundation Endowment will buy a 5% stake in Bharti Airtel for INR67.9 billion ($1.26 billion). It will purchase 199.8 million new shares issued by the India-based telecommunications provider at INR340 apiece.
Infinity Group invests in China COFCO project
Infinity Group, the Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, plans to invest up to RMB10 billion ($1.62 billion) in the Beijing Eco-Valley project created by food industry giant COFCO Group....
India's NSL Renewable raises $30m from ADB
Renewable energy developer NSL Renewable Power Private (NRPPL) has raised $30 million from the Asian Development Bank (ADB) in another round of financing to fund the construction of two hydro-power and wind energy projects in India.
Spice Global to co-invest with Silicon Valley's Formation 8
Spice Global, the Indian conglomerate controlled by B.K. Modi, has committed an undisclosed amount to US-based venture capital firm Formation 8. The group will also be looking to co-invest with Formation 8 as it targets US start-ups with the potential...
Mercury takes 30% stake in Australia's Novotech
Mercury Capital has taken a 30% stake in Novotech, Australia's largest independent clinical trials provider, with a view to aiding its Asia-Pacific expansion. The amount invested was not disclosed.
Creador brews 2x return on OldTown
Malaysia's OldTown White Coffee has unusual origins. The brand came into existence in 1999 as a range of pre-mix instant beverages, offering creamer, coffee and sugar in a single sachet. It was only in 2005 that the company decided to venture into the...
India's NSL Renewable Energy raises $60m round
A group of investors, including International Finance Corporation (IFC) and FE Clean Energy, has committed $60 million to the NSL Renewable Power Private, a subsidiary of NSL Group.
TPG increases stake in Indian bulk container manufacturer
TPG Capital has invested INR1.35 billion ($25 million) in Flexituff International through a subscription to foreign currency convertible bonds (FCCB), one month after buying a 5.34% stake in the company for INR270 million ($5 million)
Abraaj exits Thailand's Unitrio to Japan's NTT
The Abraaj Group has exited Thailand-based data center provider Unitrio Technology to NTT Facilities (NTTF), a unit of Japan's Nippon Telegraph and Telephone Corporation (NTT).
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.
Intel Capital backs South Korean mobile tech maker
Intel Capital, the US chipmaker's corporate VC arm, has invested an undisclosed amount in Zinitix, a South Korean developer of touchscreen controller technology for mobile devices. The funding will help the company expand into other rapidly growing markets...
SMC Capital closes $5m Series A round in Dalian Senyint
SMC Capital China, the early growth capital platform of veteran investor Simon Murray, has closed RMB30 million ($5 million) Series A investment in Dalian Senyint International Digital Medical System, a hospital IT solutions provider.
CDIB Capital finalizes $25m investment in China's Meilele
Taiwan-based CDIB Capital, the PE unit of China Development Financial, has completed a $25 million investment in a Chinese online home furnishings retailer Meilele.
Hertz buys 20% stake in Warburg Pincus-backed China Auto Rental
Hertz Global Holdings has agreed to buy 20% of Warburg Pincus- backed China Auto Rental (CAR). The financial details of the deal were not disclosed.
IFC considers $25m commitment to Motilal Oswal PE fund
The International Finance Corporation (IFC) is considering an equity investment of up to $25 million in Motilal Oswal’s India Business Excellence Fund IIA, which offers growth equity capital to small- and medium-sized enterprises (SMEs) in India.
CalSTRS commits to FountainVest, Bain Asia funds
The California State Teachers’ Retirement System (CalSTRS) committed $120 million to Asia-focused GPs during the final three quarters of 2012, according to a recent disclosure. The pension system also revealed that its private equity portfolio delivered...
Unitas patches up Australian auto parts firm
It seems counter-intuitive for a private equity firm to invest in inventory - if anything, they are known in the West for cutting working capital post-buyout - but this is what Unitas Capital did on acquiring Exego, a car parts supplier that operates...
CDH invests $90m in HK furniture maker Man Wah Holdings
CDH Investments has acquired a 8.54% stake in Hong Kong's Man Wah Holdings for HK$700 million ($90 million) through a convertible bonds subscription. Another investor, Huaxia, also bought a 1.83% stake in the firm for HK$150 million.
L Capital buys 50% stake in Australian boot maker
L Capital Asia, the regional investment arm of luxury group LVMH, has acquired a 49.9% stake in Australian boot maker R.M. Williams for around A$52 million ($55 million).
Tano India backs Shree Shubnam Logistics
Tano Capital is set to invest INR800 million ($15 million) in Mumbai-based Shree Shubham Logistics (SSL) for an undisclosed stake, supporting the company's domestic expansion.
Goldman, GIC invest $100m in China healthcare play iKang
Goldman Sachs and Government of Singapore Investment Corporation (GIC) have committed $100 million to Chinese private health management company iKang.