The Carlyle Group
Unitas backs Chinese casual dining chain Babela’s
Unitas Capital has invested $40 million in Chinese restaurant chain Babela’s Group, best known for operating an Italian-themed casual dining chain that has over 120 outlets in Shanghai and Beijing, as well as in tier-two and tier-three cities. The company...
India Infoline raises a $100m real estate fund
India Infoline Venture Capital Fund, the venture capital arm of the India Infoline group(IIFL), has raised a INR5 billion ($100 million) real estate fund. It is the brokerage's first foray into the private equity business.
Carlyle completes another China Pacific Insurance sell-down
The Carlyle Group has completed another sell-down of China Pacific Insurance Group, offloading 18 million shares and reducing its stake in the company to 4.94% from 5.15%. The private equity has now generated nearly $3.7 billion through four sales since...
Carlyle promotes three Asia professionals to MD level
The Carlyle Group has named 13 new managing directors, including Hiroyuki Otsuka in Tokyo, Matthew Hunter in Sydney and Wayne Bannon in Hong Kong, as part of a raft of promotions that saw 41 professionals elevated to senior positions.
Japan’s Unison Capital cuts fund due to limited deals - report
Japan’s Unison Capital has reportedly cut the size of its third fund by one quarter to JPY107 billion ($1.4 billion) due to limited deal flow.
Apollo joins Carlyle in $2b race for Brambles Recall unit
Three buyout firms, including Apollo Global Management, have joined The Carlyle Group in making bids worth more than $2 billion for Recall, the document management business of Australian firm Brambles.
Reliance seeks loan from CDB
India’s second-largest mobile operator Reliance Communication, which has been struggling to sell its telecom tower arm, is in talks with China Development Bank (CDB) for a loan to restructure its debt.
India's LIC Housing Finance to raise $96m fund
LIC Housing Finance, the mortgage lender owned by Life Insurance Corp. of India, plans to enter the private equity market with an INR5 billion ($96.5 million) urban development fund. Half of its corpus will go toward equity and equity-related investments...
Carlyle founders share $400m in 2011 earnings
The Carlyle Group’s three founders together earned more than $400 million in 2011 after the private equity firm returned a record $15 billion to LPs in the first nine months of the year.
KPMG resigns as China Forestry auditor
KPMG has resigned as auditor of China Forestry Holdings, a portfolio company of The Carlyle Group and Partners Group, which became embroiled in an accounting scandal early last year. The accounting firm will not stand for reappointment.
Carlyle shortlisted for Brambles Recall unit - report
The Carlyle Group has reportedly been shortlisted as a potential suitor for Recall, the document management business put on the block by Australia’s Brambles last spring.
Yamada replaces Hirano as co-head of Carlyle Japan
Kazuhiro Yamada has been named co-head of The Carlyle Group’s Japanese operations, replacing Masao Hirano who is leaving the private equity firm. Yamada began his duties on January 1, working in collaboration with current co-head Tamotsu Adachi.
Carlyle, Blackstone in separate talks over Reliance Infratel
The Carlyle Group and The Blackstone Group are in separate talks with Reliance Communications concerning an investment in its telecom tower unit. A deal for Reliance Infratel could come in February or March, subject to agreements on its valuation.
Sino-Forest bondholders may face 100% write-down
Sino-Forest bondholders could face a near-100% write-down on their investment as the company received a default notice on two of its bonds after failing to file third-quarter results on time.
CVC, Johor win board backing for Malaysian fast-food buyout
A takeover offer from CVC Capital Partners and Malaysian state investment arm Johor Corp. for fast-food chains QSR Brands and KFC Holdings has won approval from the companies’ respective boards. The consortium must now put their bid before shareholders,...
J.P. Morgan gets green light for $1b RMB fund
J.P. Morgan Asset Management has reportedly won approval from the Beijing government to launch a $1 billion renminbi-denominated fund.
Carlyle and New York Life in talks for $100m Everonn PIPE
The Carlyle Group and New York Life Capital Partners are in talks to buy a stake in India's largest technology-enabled education firm, Everonn Education, for $100 million.
Rules and standards: A new era of investor reporting
A combination of limited partner pressure and government regulation is setting the stage for standardization and regulation to replace private equity’s traditional free-wheeling ways
AVCJ Forum Keynotes: Asia becomes even more important
As most of you know, our annual AVCJ Asian Private Equity & Venture Forum took place successfully in Hong Kong last week. The sold-out crowd was treated to, amongst other things, insights from some of the most successful dealmakers in the world and plenty...
TPG and Carlyle circle MCAG’s Regis
TPG Capital Partners and The Carlyle Group are said to be interested in buying Australia’s second-largest private care home operator, Regis Group.
Blackstone, Carlyle near Reliance tower acquisition - report
A consortium comprised of The Blackstone Group and The Carlyle Group may purchase Reliance Group’s cellular towers by December, in a deal that will finally see the Indian communications major divest its ailing tower assets.
Coulter, Rubenstein look at PE of the future – AVCJ Forum
Diversification and standardization were the watchwords as James Coulter, founding partner of TPG Capital, and David Rubenstein, co-founder and managing partner of The Carlyle Group, addressed the future of the global private equity industry at the AVCJ...
Private equity ‘should be renamed growth capital’
PE investment should be renamed ‘growth capital’ due to the negative connotations surrounding the term ‘private equity’, Providence Equity Partners’ Jonathan Nelson said at the AVCJ Investment Summit yesterday.
Carlyle’s David Rubenstein: PE fundraisers will turn to Skype
GPs looking to raise funds will turn increasingly to online mediums such as Skype and video conferences, said David Rubenstein at the AVCJ Investment Summit in Hong Kong on Wednesday.