News
Allegro acquires Australian mining business
Allegro Funds Group has acquired Australian mine production and specialist drilling operator JSW Australia.
IFC to work with Vietnam's SCIC on divestments, co-financing
The International Finance Corporation (IFC), the investment arm of the World Bank, will partner with Vietnam's State Capital Investment Corporation (SCIC) to help execute its divestment plan and explore co-financing opportunities.
Macquarie, CIC join consortium to buy control of UK gas distributor
China’s CIC Capital and Australia’s Macquarie Infrastructure and Real Assets (MIRA) have joined a consortium agreeing to take control of the UK’s largest gas distribution business for GBP5.4 billion ($6.8 billion).
2016 AVCJ Awards supplement available for download
The supplement featuring winners of the 2016 AVCJ Private Equity & Venture Capital Awards that appeared with the December 6 issue of the magazine is now available for download.
Japan's Polaris agrees sale of SWP to Isetan Mitsukoshi
Polaris Capital has agreed to sell SWP Holdings, a Japanese salon and sports club operator it acquired in 2013, to department store group Isetan Mitsukoshi Holdings (IMH) for an undisclosed sum.
KDDI to buy Biglobe from Japan Industrial Partners
Japan Industrial Partners (JIP) has agreed to sell Japanese internet service provider Biglobe to KDDI Group for approximately JPY80 billion ($699 million), nearly three years after it carved out the asset from NEC.
IVFA makes partial exit from India's Syngene
India Value Fund Advisors (IVFA) has made a partial exit from India-listed pharmaceuticals company Syngene International, selling an approximately 1.6% holding for INR1.9 billion ($27.7 million).
Edelweiss leads $9m round for India's Revv
Edelweiss Private Equity has led a $9 million Series A round of funding for Indian car rental start-up Revv.
Baring PE Asia MD Bala Naidu departs firm
Bala Naidu, an India-based managing director at Baring Private Equity Asia, has left the GP to start his own PE firm.
Taiwan regulators stress openness to private equity - AVCJ Forum
Taiwan’s government has reiterated its openness to foreign investment, despite several notable private equity and M&A deals getting rejected by the regulators.
India GPs must back up value-add claims with returns - AVCJ Forum
Indian GPs are keen to highlight their proprietary deal-sourcing capabilities and operational credentials, but these claims are only meaningful if they have a demonstrative impact on performance, LPs told the AVCJ India Forum.
Cocoon Capital launches in Singapore with $7m seed fund
William Klippgen, founder of Singapore’s InseadAlum Ventures, and Michael Blakey, director of UK-based Avonmore Developments have set up Cocoon Capital, a Singapore firm with a S$10 million ($7.1 million) debut seed fund targeting Southeast Asia and...
Mandarin acquires Italian pharmaceuticals maker
Europe-Asia cross-border focused PE firm Mandarin Capital Partners has committed EUR16.4 million ($17.7 million) for a majority stake in Italian pharmaceutical manufacturer Mipharm.
MBK closes fourth North Asia fund at $4.1b
MBK Partners has reached a first and final close on its fourth North Asia-focused buyout fund at $4.1 billion, a significant step up from the $2.7 billion it raised for Fund III.
Anchor-led group invests $107m in Korean mobile content platform
A consortium led by Anchor Equity Partners has committed KRW125 billion ($107 million) to Podotree, the mobile content platform of Korean internet giant Kakao.
Gaw Capital leads Australian student accommodation acquisition
Hong Kong private equity firm Gaw Capital Partners has led the purchase of an office building in Australia for conversion into student accommodation.
General Atlantic promotes two Asia PE professionals
General Atlantic has promoted Mumbai-based Shantanu Rastogi and Hong Kong-based Erin Chang.
Taiwan's Wistron, Fenox launch $20m VC fund
Taiwan-based IT hardware manufacturer Wistron has partnered with US investor Fenox Venture Capital to launch a $20 million fund to help international technology start-ups access Asian markets.
Demonetization only a short-term negative for India PE - AVCJ Forum
India’s demonetization policy, which has seen the most commonly used banknotes removed from circulation as part of efforts to combat counterfeiting and black money, will hurt private equity in the short term, but the longer-term outlook for the industry...
GIC to invest $261m in Indonesian cinema operator
GIC, Singapore’s sovereign wealth fund, has committed to invest up to IDR3.5 trillion ($261 million) in Indonesian cinema operator Nusantara Sejahtera Raya (NSR).
CHAMP PE buys New Zealand freight businesses
CHAMP Private Equity has agreed to buy three New Zealand-based shipping businesses.
China's Huiyin Group launches $20m blockchain fund
Chinese investment firm Huiyin Group has launched a $20 million fund to invest in blockchain technologies.
Taiwan’s KKday receives $7m bridge round
Taiwan-based travel website operator KKday has extended its Series A round of funding with a $7 million investment co-led by domestic accelerator AppWorks and Singapore’s Monk’s Hill Ventures.
India's Amicus reaches $90m first close on debut fund
Amicus Capital Partners, an India-focused PE firm founded last year by former executives from the Carlyle Group and India Value Fund Advisors (IVFA), has reached a first close of $90 million on its debut fund.