Warburg Pincus Asia
Asia LPs are raising PE allocations, says Warburg Pincus' Landy
Joseph Landy, co-president of Warburg Pincus, said that limited partners in Asia are maintaining or increasing their allocations to private equity on a percentage basis, despite the global economic downturn.
CIC, KIC chairmen named to high-profile RDIF advisory board
The chairman of China Investment Corp. (CIC), Lou Jiwei, has been named to the international advisory board of the Russia Direct Investment Fund (RDIF). Choi Chong Suk, chairman of Korea Investment Corp. (KIC), will also serve on the board alongside Bader...
US court widens collusion probe of 2005-2007 mega deals
The mega “club deals” between some of the big global buyout firms during the 2005-2007 boom period have been put under wider scrutiny in a US antitrust lawsuit. The four-year-old case accuses 11 firms, including Blackstone Group and KKR, of colluding...
AXA, LGT buy $901m in secondary assets from German bank
AXA Private Equity and LGT Capital Partners have acquired a EUR620 million ($901 million) private equity portfolio from Germany’s HSH Nordbank. The portfolio is said to include stakes in about 47 private equity funds, including European vehicles managed...
CNOOC anchors PE fund targeting Asian energy assets
China National Offshore Oil Corp. (CNOOC) has formed a strategic partnership with Kerogen Capital, which is raising a $1.5 billion private equity fund that will target energy investments in Asia.
Warburg Pincus, KPCB inject $100m in Chinese fashion retail site
Warburg Pincus and Kleiner Perkins Caufield & Byers (KPCB) will jointly invest $100 million in Xiu.com, a Chinese e-commerce fashion site, Bloomberg reported, citing an emailed statement sent by the company.
PE and the debt crisis: Coping with chaos
Private equity investors, accustomed to 5-7 year horizons, shouldn’t be overly concerned by short-term fluctuations in the public markets. It is a reassuring boilerplate statement, but given the volatility of the last fortnight, perhaps it is easier said...
Warburg Pincus exits Indian publishing conglomerate
Warburg Pincus has reportedly sold its remaining 3.6% stake in Indian media company DB Corp. - the owner of India’s second-largest Hindi daily Dainik Bhaskar - for INR1.57billion ($34.6million) on the National Stock Exchange. Shares in the company reportedly...
Matrix commits $9.9m to Kids Clinic India's Series A round
Matrix Partners India has committed INR450 million ($9.9 million) as the sole institutional investor in Kids Clinic India Private Limited, a Bangalore-based provider of maternity and infant care services. The immediate goal is to enlarge the company’s...
Former Actis partner in latest India fund spinout
Subba Rao Telidevara, formerly a partner at Actis, has launched an independent fund worth $250 million targeting buyouts, PIPE deals and growth capital investments. The fund, known as LotusPool Capital, is expected to make its first close in 8-12 months,...
Warbug Pincus begins Kotak Mahindra divestment
Warburg Pincus has begun the divestment process of its more than 9% stake in Kotak Mahindra Bank, selling a nearly 2% stake in the open market in recent months with more to come, local media reports.
Indian budget hotel chains court private equity
A number of Indian budget and mid-range hotel chains are seeking private equity investment to support their expansion plans, Mint reported.
Blackstone exited Chinese agricultural firm due to PR concerns
Blackstone Group earlier this year exited its investment in Dili Group, the parent company of a Chinese vegetable trading firm, after being warned that its involvement would complicate moves to raise prices, the Financial Times reported, citing people...
Blackstone's new fund tipped to reach $16b
Blackstone Group is set to raise a higher-than-expected $16 billion for its latest fund due to strong investor interest, primarily from sovereign wealth funds, Reuters reported, citing a source familiar with the matter. Last year, Blackstone COO Tony...
North American property funds dominate 2Q fundraising
North America property funds accounted for most of the $11.2 billion raised by private equity funds with a final close in the second quarter of 2011, according to research firm Preqin. Total commitments were up on the $8.9 billion raised in the first...
China's rainmakers go solo
There have been many articles, books, discussions and conferences on Chinese entrepreneurism. This has come under the spotlight again with the recent wave of IPOs by mainland businesses in various bourses around the world. While many of these activities...
Illinois pension fund earmarks $7b for private equity
The Teachers’ Retirement Board of the State of Illinois has won approval from its board of trustees for a plan that could see it invest up to $7 billion in private equity by 2016. The $37 billion fund wants to commit $900 million to $1.4 billion to the...
Warburg Pincus considers new fund
Warburg Pincus is preparing to raise a new buyout fund that could be worth $12 billion, Bloomberg reported, citing two people familiar with the situation. The New York-based private equity firm, which has invested more than 80% of its current $15 billion...
Warburg Pincus extends stake in Continental Warehousing
Warburg Pincus has made its second investment in Indian warehouse manager Continental Warehousing (Nhava Seva) in as many months, purchasing an unspecified stake from Aureos Capital.
Warburg Pincus to sell Max Healthcare stake to Max India
Max India, an insurer and hospital operator, plans to buy a 16.37% stake in its subsidiary Max Healthcare from Warburg Pincus, Economic Times reported.
TPG buys stake in Indian ATM services provider
TPG will pay around INR150 crore ($33.6 million) for a 20% stake in AGS Transact Technologies, which provides ATM services to banks. Ravi Goyal, managing director of AGS, confirmed that the US private equity firm has purchased a “substantial stake,” the...
TPG, Warburg Pincus consider $100m investment in Vasan
TPG and Warburg Pincus are in talks with India’s Vasan Healthcare over a potential $100 million investment that would be structured as a combination of primary and secondary transactions, the Business Standard reported. A spokesperson for Vasan Group...
Warburg Pincus takes stake in Indian power company
Global private equity firm Warburg Pincus has invested an undisclosed amount into India’s Diligent Power, an emerging power company that develops coal-based thermal energy projects.
Warburg Pincus forms JV with portfolio company
New Delhi based hospitality firm, Lemon Tree Hotels, has formed INR1,400 crore ($315.4 million) joint venture, Oceanus Real Estate Pvt Ltd , with Warburg Pincus that will focus on housing project in India. Lemon Tree will own 51% of the JV with the private...