M&A

Sony, Toshiba get state funding for outbound investment

Sony Corp. and Toshiba Corp. will be the first companies to receive capital from a $100 billion government fund set up last year to finance overseas acquisitions and minimize the impact of a rising yen. The strength of Japan’s currency has hurt export...

Abraaj Capital buys Aureos to boost emerging markets exposure

Abraaj Capital has acquired Aureos Capital, creating an entity with approximately $7.5 billion in assets under management and 150 investment professionals across 30 countries. The purchase enables Dubai-headquartered Abraaj, which focuses on the Middle...

  • GPs
VC-backed Flipkart buys rival Indian e-commerce site

Indian online retailer Flipkart has purchased rival e-commerce platform Letsbuy.com for an estimated $25 million. Both companies are backed by Tiger Global Management and Accel Partners, but no details were disclosed on the structure or value of the transaction....

Saab ends investment agreement with Chinese firms

Swedish Automobile has terminated an agreement to sell a majority stake in Saab to two Chinese companies, leaving the carmaker reliant on a $70 million commitment from US private equity firm North Street Capital to cover its immediate expenses.

Milestone Capital approached with merger, buyout offers

Milestone Capital Advisors is considering a merger or buyout that has the potential to be the largest transaction ever seen in India’s private equity industry. It comes two months after Ved Prakash Arya, Milestone’s founder and CEO, died in a freak accident....

Corporate Japan looks for growth overseas

Japanese companies need to take on the world. Local private equity professionals at the 2011 AVCJ Private Equity & Venture Forum Japan conference in Tokyo, which I am chairing, see globalization as the major current theme for corporate Japan. Indeed,...