WL Ross & Co.
CITIC Capital leads Series D for Organica Water
CITIC Capital has led a $21 million Series D investment in Organica Water, a US-based environmental infrastructure company with extensive operations in Asia.
WL Ross backs joint venture to acquire China steel assets
WL Ross & Co, the private equity firm founded by recently appointed US Commerce Secretary Wilbur Ross, has announced its first China investment in over five years, backing a joint venture to acquire steel industry assets in the country.
Tsing Capital, WLR China fund join $44.5m round for Phononic
Tsing Capital and WLR China Energy Infrastructure Fund have participated in a Series D round of funding worth $44.5 million for Phononic, a US-based manufacturer of solid-state cooling and refrigeration devices.
WL Ross settles with SEBI over SpiceJet case
WL Ross has paid INR11 million ($177,000) in a settlement with the Securities and Exchange Board of India (SEBI), ending a long-running case over its investment in low-cost Indian airline SpiceJet.
WL Ross-backed Ohizumi to go public
Ohizumi, a temperature sensors electrical parts manufacturer backed WL Ross, will list on the Tokyo Stock Exchange on June 22.
PE succession planning: Continuity issues
Asia’s private equity industry may not be old, but it is still volatile. Firms that fail to address succession planning – due to staff turnover if not staff ages – risk losing the confidence of LPs.
WL Ross struggles to raise new fund
WL Ross & Co. has cut its target for its latest fund to $2-2.5 billion, having raised little more than one tenth of the $4 billion it set out to attract last year, The Wall Street Journal reported, citing people familiar with the situation.
CIC participates in $600m commitment to Diamond S Shipping
China Investment Corp. (CIC) is part of a group that has agreed to invest more than $600 million in Diamond S Shipping, enabling the energy-focused transportation company to buy 30 medium-range vessels and related charters. Diamond S already has a fleet...
WL Ross confirms resignation of MD Ranjeet Nabha
WL Ross & Co. has confirmed to AVCJ that Managing Director and CEO Ranjeet Nabha, who headed the firm's Indian operations, has resigned, with no successor yet chosen.
WL Ross may catch Kingfisher after SpiceJet airline success
WL Ross India, the local platform of leading US turnaround investor Wilbur Ross, may be looking to repeat the success of its SpiceJet investment by taking a stake in the debt-burdened industry peer, Kingfisher Airlines.
After SpiceJet, Ross may invest India's Kingfisher Airlines
Leading US investor Wilbur Ross may be seeking to follow his successful investment in, and exit from, Indian budget carrier SpiceJet by investing some $100-150 million into debt-saddled peer Kingfisher Airlines, according to Indian media.
Huaneng plans HK wind power listing
Huaneng New Energy Industrial Co., the wind power unit of China Huaneng Group Co. the largest energy company in China and a partner of WL Ross & Co., is reportedly looking at an IPO in Hong Kong by the end of this year.
Istithmar exits SpiceJet for $25.3 million
Dubai-headquartered investment firm Istithmar has made its expected exit from Indian budget carrier SpiceJet, obtaining $25.3 million from a number of institutional investors for its 6.9% stake in the business.
WL Ross exits SpiceJet at a premium
Leading US investor Wilbur Ross and his flagship investment group WL Ross & Co. have exited from the 30% stake held since 2008 in Indian budget airline SpiceJet. The exit price was $127 million, yielding a 58% profit after just two years.
Ross flies out of SpiceJet
Leading US investor Wilbur Ross has exited from the 30% stake his WL Ross & Co. investment group held in Indian budget airline SpiceJet for $127 million, yielding a substantial profit after just under two years in the asset.
Istithmar exits SpiceJet at loss
Dubai investment group Istithmar has sold all of its 13.4% stake in Indian budget carrier SpiceJet, reportedly at a loss of $7.2 million on the final sale price of $37 million.
Daiwa, Wilbur Ross to exit Nikko Electric to PRC
Daiwa Securities SMBC Principal Investment Co. and an investment fund run by American investor Wilbur Ross are reportedly planning to sell their 79.1% stake in unlisted Nikko Electric Industry Co., a Japanese manufacturer of auto parts and accessories,...