Standard Chartered Private Equity
Standard Chartered backs South Korea’s Daelim Motor
Standard Chartered Private Equity (SCPE) has agreed to invest $61 million in Daelim Motor, South Korea’s leading motorcycle and auto parts manufacturer. The private equity firm will take a stake of unspecified size by subscribing to new shares in the...
Coffee Day subsidiary Way2Wealth gets $30m from KKR
Indian boutique financial services firm Way2Wealth will receive $30 million from KKR in what is expected to be a structured financing deal rather than a typical private equity placement.
Beacon, Mirah Hospitality back Indian fine dining chain
Beacon India Private Equity has invested INR80 million ($1.7 million) in Impresario Entertainment and Hospitality, which operates fine dining restaurants Mocha and Smoke House Deli. The firm’s contribution comes alongside a INR400 million commitment...
PE firms clean China’s water
Buoyed by strong government support for the industry, private equity players are looking for investments in Chinese water treatment and infrastructure businesses
SCPE, Providence bid for stake in Indian broadcast giant
Standard Chartered Private Equity and Providence Equity Partners are reportedly closing in on a joint 35% stake purchase in Indian broadcast giant Multi Screen Media (MSM) for approximately INR10 billion ($223.3 million).
New China Life targets $4b IPO
New China Life Insurance, which is part-owned by several private equity interests, plans to raise up to $4 billion through a dual IPO in Hong Kong and Shanghai.
LVMH’s private equity arm makes first investment in India
L Capital Asia, the private equity arm of LVMH Group, has made its first investment in India, picking up a 25.5% stake in Genesis Luxury Fashion for an undisclosed sum. The investment will be executed in two tranches.
SCPE names India MD Nainesh Jaisingh as co-global CEO
Standard Chartered Private Equity (SCPE) has named Nainesh Jaisingh, managing director in India, as co-global CEO. He is specifically charged with bolstering the outfit’s presence in emerging markets and West Asia.
SCPE takes minority stake in PepsiCo's top Indian bottler
Standard Chartered Private Equity (SCPE) is set to pay INR250 crore ($56 million) for a 5% stake in PepsiCo’s top bottler in South Asia, Varun Beverages International, The Economic Times reported. That commitment would value the company at more than...
SCPE seals Korean forklift partnership
Private equity opportunities in South Korea often come out of corporate restructurings by the country’s conglomerates. Samsung, Daewoo, Hyundai, SK and Lotte have in recent years all jettisoned non-core assets or problem units to lower their debt ratios,...
GMR Airports gets second round of PE investment this year
GMR Airports Holding has secured its second round of private equity investment this year, receiving $131 million through the issuance of compulsorily convertible preference shares.
SCPE takes stake in Redington India
Standard Chartered Private Equity (SCPE) has acquired a 10% stake in IT products distributor and supply chain manager Redington India for INR365 crore ($82 million), The Times of India reported. The stake was acquired from Redington’s promoters, Taiwanese...
SCPE takes 49% stake in Doosan Industrial Vehicle
Standard Chartered Private Equity (SCPE), has taken 49% stake in South Korea’s largest forklift manufacturer Doosan Industrial Vehicle (DIV) for undisclosed sum. Sources indicate the deal is worth about $230 million.
Blackstone, SCPE vie for stake in Indian IT product distributor
Blackstone and Standard Chartered Private Equity (SCPE) are reportedly in the final bidding stages to take a nearly 15% stake in Redington India, a telecoms and IT products distributor. An announcement on the INR500 crore ($111.65 million) deal is expected...
PE rides M&A wave in Indian security
Blackstone has been emerged as potential acquirer of Securitrans India, the cash management arm of security services provider APS group. According to local reports, a deal worth around INR150 crore ($33.6 million) has been put together for the Delhi-based...
Blackstone closes in on Securitrans India
Blackstone is close to acquiring Securitrans India, the cash management arm of security services provider APS group, for around INR150 crore ($33.6 million), the Economic Times reported, citing a person with direct knowledge of the deal. The private equity...
Huaneng Renewables in $800m Hong Kong IPO
Huaneng Renewables has raised HKD6.23 billion ($800 million) through its second attempt at an IPO in Hong Kong, supported by cornerstone investors including China Investment Corporation, Temasek Holdings and Standard Chartered Private Equity (SCPE).
Standard Chartered banks on China's auto industry - source
Standard Chartered Private Equity has invested approximately $35 million for an undisclosed stake in Xi’an-based luxury automobile dealership Sunfonda Automobile Group, a source close to the deal exclusively confirms to AVCJ.
Private equity in China’s insurance sector
The growth of the insurance sector in China has rocketed in recent years with the potential still remaining tremendous and private equity has been in the center of this rise. And it has been a profitable relationship for GPs that are able to take stakes...
New China Life plans IPO
Private equity-backed New China Life is the latest financial behemoth in the PRC to eye a public debut, targeting an up-to $4 billion raise via a duel listing on the Shanghai and Hong Kong exchanges by the end of the year.
LVMH's L Capital officially launches $650m Asia fund
LVMH Group's private equity investment arm L Capital has launched its $650 million L Capital Asia fund, which will target consumer investment opportunities in China, India and Southeast Asian markets such as Indonesia, Malaysia and Thailand.
Standard Chartered PE invests in basmati rice group
Indian basmati rice producer Bush Foods Overseas Private Ltd. has received a $25 million investment from Standard Chartered Private Equity, used for the company’s expansion.
CapAsia goes to Pakistan for wind energy
CapAsia, a joint venture private equity fund manager between CIMB Group and Standard Bank Group, has announced a $20.5 million investment into two wind parks in Pakistan. The capital will be deployed from its Islamic Infrastructure Fund (IIF). The assets...
Standard Chartered takes stake in Indian exchange
Standard Chartered has acquired a 3% stake in India’s youngest stock exchange, the United Stock Exchange (USE), coming as the first overseas banking holder in the outfit.