Joint Venture
Phillip PE sees 7x return on biotech start-up
Inviragen had inauspicious beginnings. The firm came about through a marriage of convenience between two biotech start-ups that couldn't get funding: US-based Inviragen was working on dengue fever vaccine but had no capital for clinical trials; over in...
UK drug developer Vectura partners PE on China JV
Vectura, a UK-based drug company, has teamed up with Hong Kong-based PE investor Zendex Bio Strategy and Tianjin KingYork Group to form a joint venture that will develop respiratory products in China and other Asian markets.
Fung Capital to invest in JV with India’s Future Group
Fung Capital, the private equity arm of the family owners of Li & Fung Group, will invest in a wholesale joint venture with India’s Future Group. Fung Capital is expected to hold at least a 26% stake in the venture with Kishore Biyani and his family,...
Reserve Bank of Australia sells subsidiary to PE-backed Innovia
The Reserve Bank of Australia (RBA) is to sell its 50% stake in Securency International, a company which produces polymer-based print material for banknotes, to Innovia Films, a UK packaging manufacturer backed by Arle Capital Partners. Innovia already...
China Media Capital forms partnership with The Raine Group
China Media Capital (CMC) has formed a strategic partnership with The Raine Group, a global merchant bank focused on entertainment, digital media and sports.
Yishan creates JVs to tap Indonesia real estate market
Yishan Capital Partners, a Southeast Asia-focused real estate investment and asset management firm, has formed two strategic joint ventures to improve its penetration of the Indonesia market. The Yishan team, which spent more than a decade investing in...
Goodman, CPPIB boost China joint venture with $500m
Australian property and logistics firm Goodman Group and Canada Pension Plan Investment Board (CPPIB) have injected a further $500 million into their joint venture, Goodman China Logistics Holding (GCLH), increasing its capacity to a total of $1 billion....
Chinese investors sign DreamWorks JV
Media fund China Media Capital, investment company Shanghai Alliance Investment Co and media conglomerate Shanghai Media Group have established a joint venture with American film studio DreamWorks.
Korea’s Tstone agrees partnership with Newsweek
South Korea’s Tstone Corp. has entered into a partnership with Newsweek to develop the magazine’s business in Asia. This will involve expanding the existing Asian edition of Newsweek across the digital, broadcast and events space.
Business aviation: Come fly with PE
Foreign investors and private equity funds are keen to leverage the growing appetite for private aviation services in China, but the operational and regulatory hurdles remain
Buffett-backed NetJets forms China JV with local PE players
NetJets, a private aviation company owned by Warren Buffett’s Berkshire Hathaway, will form a China joint venture with local private equity players Hony Capital and Fung Investments. It is seen as a move to tap the growing demand for private jet management...
CHAMP gets court approval for oOh!media takeover
CHAMP Private Equity has won approval from the Federal Court of Australia for its A$163 million ($176 million) acquisition of outdoor advertising company oOh!media. The firm consequently ceased trading on the Australian Stock Exchange on March 1.
Quadrant, APN announce outdoor advertising JV
Quadrant Private Equity has agreed to form an outdoor advertising joint venture with APN News & Media worth A$272 million ($289 million). APN had decided further investment was required to support expansion and entered into exclusive negotiations with...
SBI teams up with Mahindra Satyam to roll out $50m fund
India-based IT consulting and business service provider Mahindra Satyam has partnered with Japanese venture capital firm SBI Holdings to roll out a $50 joint fund to invest in ICT companies globally.
First Eastern backs Sustainable Development Capital
First Eastern Investment Group, a Hong Kong-based investor with interests in private equity and venture capital, has acquired a minority stake in Sustainable Development Capital (SDCL). The two firms have also set up an Asia-focused joint venture.
APN in exclusive negotiations with Quadrant Private Equity
APN News & Media has entered into exclusive negotiations with Quadrant Private Equity concerning its outdoor advertising business. It comes after a strategic review concluded that the asset shouldn’t be sold but that further investment was required...
Mandala Capital in JV with Australia’s Water Resources Group
Mandala Capital, a South Asia private equity firm that invests in the agricultural sector, has entered into a joint venture with Australia’s Water Resources Group that will target the desalination opportunities in India, Pakistan, Sri Lanka and Bangladesh.
Australia's Goodman, Canada Pension recapitalize China JV
Australian property and logistics firm Goodman Group and Canada Pension Plan Investment Board have infused their joint venture, Goodman China Logistics Holding (GCLH), with an additional $250 million, doubling the JV’s capacity to a total of $500 million.
Permira named CDB's European PE partner
UK-based private equity firm Permira has entered into an agreement with CDB Capital, the investment arm of government-owned China Development Bank, to become the bank’s exclusive European private equity partner.
PAG unit links with Aviva for Japanese real estate fund - report
Global insurance firm Aviva is reportedly set to launch a Japanese real estate investment fund with Secured Capital, the properties unit of PAG.
IDFC teams with corporates to launch Indian infra JV
IDFC Project Equity Fund has teamed with Mumbai-based Ashok Piramal Group (APG) and Canadian engineering firm SNC-Lavalin Group to launch a joint venture to develop public-private roads and highway projects across India.
Dreamworks plans PE-backed JV in China - report
Dreamworks Animation – the studio responsible for movies including “Shrek” and “Kung Fu Panda” – is reportedly nearing the launch of a JV production and design studio in Shanghai. The deal is being brokered through a partnership with a consortium...
Tata Capital, IFC form cleantech investment JV
Tata Capital and the International Finance Corporation (IFC) have established Tata Cleantech Capital Ltd (TCCL), which will provide capital to Indian small- and medium-sized enterprises (SMEs).
Origo sets up Mongolia JV with Trafigura
Origo Partners will form a 50-50 joint venture with leading global commodity trader Trafigura to develop iron ore and coking coal projects in Mongolia. The companies want to export several million tonnes a year of coking coal and iron ore to China by...