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Alinta’s shareholders approve TPG consortium’s bid
The shareholders of distressed Australian power giant Alinta Energy have approved an acquisition offer by a TPG-led consortium to acquire the company and delist it from the ASX, despite many of these backers making a 90% loss on their original funding.
Qihoo 360 to list in the US
Venture-backed PRC internet site Qihoo 360 Technology Co Ltd, plans to be listed in the US and is aiming to raise up to $200 million in a debut on the NYSE. Established in 2005 in Beijing, the China-based company – which claims to be the third most...
Tan-Eu and SOCAM launch real estate JV
Asian real estate fund manager Tan-Eu Capital and PRC-based, HKSE-listed ShuiOn Construction and Materials (SOCAM), have jointly closed their SoTan China Real Estate I LP club vehicle at approximately $400 million.
A Capital launches first outbound RMB fund
Hong Kong-based PE firm A Capital has teamed with the Beijing Municipal Bureau of Financial Work to launch China’s first reminbi-denominated outbound private equity fund, with an RMB3 billion ($456 million) target.
KKR puts MMI listing on hold – reports
Less than one month after news surfaced of KKR’s ambition to offload Singaporean engineering firm MMI Holdings via an IPO onto the Singapore Exchange, the PE major has reportedly cancelled its plans for a listing.
Partner Group hires Sony Life’s Numata
Mamoru Numata of Sony Life has joined Partners Group’s Tokyo office as a senior manager. His responsibilities will include investment origination, client relationships and business development.
Advent to close Japan with no active investments
After much speculation among industry insiders and reported LP dissatisfaction with the situation, US private equity firm Advent International has finally made public a decision to close its Japan office by the end of this month. The firm came to the...
Kotak Mahindra seeks $300m for infrastructure
Kotak Mahindra Group is on the road to raise $300 million for an infrastructure-focused private equity fund in India, and has already received capital commitments from Brookfield Asset Management in Toronto, Sumitomo Mitsui in Tokyo, and Kotak itself.
Bright Food on Yoplait's shortlist - reports
The hard-fraught competition to acquire a 50% stake in PE-backed Yoplait is reportedly nearing a close, with Chinese food brand Bright Food Group Co. said to remain a contender for the acquisition, competing against the likes of global food giants Nestle...
IDC, DCM back e-commerce site
Venture capital firms IDG Capital Partners and DCM have reportedly injected $10 million for an undisclosed stake in Uya100.com, a China-based business-to-business e-commerce website the focuses on the sale of home textiles.
Canaan appoints MD in India
Global VC firm Canaan Partners has appointed Rahul Khanna as Managing Director of Canaan India, charged with overseeing early-stage investments spanning across India’s consumer internet, mobile, software and managed services sectors.
Japanese VC firm backs unique startup
Japanese venture capital firm Samurai Incubate Inc. has made a JPY50 million ($61 million) investment in startup Bukupe.com, a site which gives subscribers access to the summaries of books.
Distressed in Australia on the rise for 2012-2013
Often unrecognized next to its buyout counterparts, a panel of leading Australian distressed investors are bullish on the prospects for a broad range of debt opportunities coming up in the next few years.
AVCL "making progress" with Australia tax issues
In an interview with Katherine Woodthorpe at the 8th Annual Australia & New Zealand AVCJ Private Equity and Venture Forum, the Chief Executive of AVCAL told AVCJ that she had spent four hours with the tax department just yesterday, and that although the...
VCs sell drug maker for up to $935m
Walden International and a number of other VCs will exit from their nearly decade-long investment in cancer drug maker Plexxikon after Japan’s third largest drug maker, Daiichi Sankyo, announced its acquisition of the Berkeley, California-based company.
PE-backed Groupon launch in China
US-based Groupon, the group buying portal site, will be officially launched in China under the name GaoPeng.com.
Aetos takes remaining 50% in Simplex from Goldman Sachs
Aetos Capital, a US-based private equity and real estate investment firm, will turn its 50% owned Japanese real estate asset manager Simplex Investment Advisors into a wholly owned subsidiary by acquiring the other half owned by a Goldman Sachs. The US...
WI Harper appoints former Japanese Minister to board
Chinese venture capital firm WI Harper Group has appointed former Japanese Minister of State for Financial Services Heizo Takenaka to its advisory board.
Marunouchi Capital nears buyout of Seijo Ishii
Tokyo-based Marunouchi Capital, a joint venture equally owned by Japanese conglomerate Mitsubishi Corp and Mitsubishi UFJ Securities, is reportedly close to finalizing negotiations for a takeover of Seijo Ishii Co., a high-end supermarket operator in...
Alibaba Group's Taobao launches fund for developers
Days after Alibaba Group Holdings came under fire for uncovering fraudulent vendors on its B2B domain Alibaba.com, the holding company announced that its popular e-auction site, Taobao.com, would launch an RMB300 million ($45.6 million) fund to foster...
DCM, Sequoia and Legend link for education group
A consortium of venture capital firms comprising of DCM, Sequoia Capital China and Legend Capital, as well as Singapore’s Phoenix Fund, has invested $20 million into Beijing Man Xie Education Science and Technology, an education group established in...
Alibaba.com's top execs depart following scandal
Alibaba Group, China's e-commerce behemoth that last month announced a possible tie-up with PE investors, has come under scrutiny for its alleged role in allowing fraudulent vendors to set up storefronts on its B2B domain Alibaba.com, prompting the website’s...
CIC and Blackstone enter Japan’s distressed space
China Investment Corporation, China’s $300 billion sovereign wealth fund, has reportedly joined forces with US investment giant, the Blackstone Group, to purchase Morgan Stanley’s Japanese loan portfolio at a major discount, according to news reports.
Macquarie SBI nears Indian port investment - reports
Macquarie SBI Infrastructure Management is considering an INR1,000 ($220 million) investment into an unnamed Indian port manager, the Business Standard reported, which may be completed in the upcoming months from the group's nearly $1.5 billion Macquarie-SBI...