News
KKR Scoops three prizes at AVCJ Awards
KKR was named Firm of the Year and also took the prizes for fundraising and deal of the year at the 2013 AVCJ Private Equity & Venture Capital Awards, while MBK Partners’ Michael B. Kim picked up the Private Equity Professional of the Year honor and...
2013 AVCJ India Awards - last chance to vote
Voting for the 2013 AVCJ India Private Equity & Venture Capital Awards closes today - November 22.
Armstrong reaches $164m final close on SE Asia cleantech fund
Armstrong Asset Management has reached a final close of $164 million on its Southeast Asia Clean Energy Fund. With additional commitments coming from French development finance institution (DFI) Proparco and Geneva-based Unigestion, the fund was able...
Carlyle set for another partial exit from Japan's Chimney
The Carlyle Group is set to reap up to JPY14.3 billion ($145 million) through another partial exit from Japanese casual restaurant chain Chimney Corp, after agreeing to subscribe to a tender offer by liquor retailer Yamaya Corp. to acquire a 48.66% stake.
CIC to buy London business park from Blackstone - report
China Investment Corporation is in exclusive talks to acquire Chiswick Park - a 32-acre UK business park - from The Blackstone Group.
OTPP increases investment in Macau casino developer
Ontario Teachers’ Pension Plan (OTPP) has invested HK$299.9 million ($38.7 million) in Macau casino and hotel developer Louis XIII Holdings through a zero-coupon convertible bond issue. This is the Canadian pension plan’s second commitment to the...
Temasek, Hopu participate in $213m China dairy investment
Temasek Holdings, Hopu Investment Management and three other investors will buy a 13.24% stake in Yashili International from China Mengniu Dairy for HK$1.6 billion ($213 million). Mengniu – which bought a controlling stake in Yashili earlier this year...
Kedaara closes debut India fund at $540m, rupee vehicle to follow
Kedaara Capital, a private equity firm led by former Temasek India head Manish Kejriwal, has reached a final close on its debut fund at $540 million. A rupee-denominated fund, which will co-invest alongside the US dollar fund on a pro rata basis, is in...
Jiuding Capital reaches first close on latest RMB fund
China’s Jiuding Capital has reached a first close of RMB1 billion ($164 million) on its latest renminbi-denominated vehicle, which has a full target of up to RMB3 billion.
Xander-backed KidZania to invest $75m in India theme parks
An Indian franchisee of KidZania, a kids indoor theme park chain backed by Xander Group, is looking to open as many a five theme parks in the country, investing up to $75 million.
Blackpeak adds to Japan team
Blackpeak Group, an Asia-focused strategic advisor to corporate and investment clients, has appointed Kohtaro Miyagi as a senior consultant, based in Tokyo.
H&Q invests $90m Monster-owned JobKorea
H&Q Korea has agreed to buy a 49.9% interest in JobKorea, the South Korean operation of Monster Worldwide, for an aggregate purchase price of $90 million. Monster will retain management control of the business, with H&Q supporting regional expansion efforts.
KPMG's Australia PE head switches to Singapore role
Andrew Thompson, head of private equity at KPMG Australia, is relocating to Singapore where he will take up a Southeast Asia-focused position with the firm.
IDFC Alternatives buys stake in India commodities exchange
IDFC Alternatives has acquired a 5% stake in National Commodity and Derivatives Exchange (NCDEX), India’s largest agricultural commodity derivatives exchange, from Jaypee Financial Services for INR456 million ($7.3 million).
Exhilway to invest $1b in India via Global Opportunities Fund
Exhilway Global, a US-based hedge fund and emerging markets private equity GP, is looking to invest $1 billion in India as it prepares to launch its Exhilway Global Opportunities Fund (EGO) next month - targeting $2 billion.
Elephant Capital in Mahindra Forgings partial exit
Elephant Capital has sold nearly two-thirds of its 2.45% stake in Mahindra Forgings, an Indian forging manufacturer, to Spain's auto parts supplier CIE Automotive for INR141 million ($2.3 million).
Japan's Polaris exits Nippon Oil Pump to Wendel
Japanese buyout firm Polaris Capital Group has agreed to exit its entire share in Nippon Oil Pump Group (NOP) - a maker of hydraulic pumps and motors - to French listed investment group Wendel.
KIC president resigns
Korea Investment Corp’s (KIC) president and CEO, Chong-Suk Choi, has resigned for personal reasons.
CHAMP-owned Accolade to acquire NZ wine brands
Accolade Wines, a winemaker owned by Australia's CHAMP Private Equity, has agreed to acquire a portfolio of wine brands from New Zealand counterpart Mud House Wine Group.
Alvarez & Marsal opens Korea office
Turnaround management and business advisory specialist Alvarez & Marsal (A&M) has opened an office in Seoul and appointed Jay Kim as managing director to lead its business activities in South Korea.
Baidu to invest in VC-backed handset manufacturer Digione
Chinese search engine giant Baidu has invested in Digione, a Shenzhen-based handset manufacturer. Financial terms were not disclosed.
Innovation Works backs Chinese IT job website
Innovation Works has committed RMB2.5 million ($410,000) to IT job listing website Neitui.
Velti sells mobile marketing businesses to GSO Capital Partners
Mobile marketing and advertising technology provider Velti is to sell its Air2Web India, UK-based Mobile Interactive Group and Velti DR and US-based businesses to GSO Capital Partners, the credit division of Blackstone.
Google launches incubation program in Hong Kong
Google has partnered with The Chinese University of Hong Kong (CUHK) to launch a one-year incubation program to help students and young entrepreneurs in Hong Kong build their own businesses.