News
No timetable for re-opening China IPOs – regulator
The China Securities Regulatory Council (CSRC) said it doesn’t have a timetable for resuming IPOs, in response to media reports on last Tuesday that new shares could be listed in July.
SEAVI Advent reaches $125m first close on Fund VI
SEAVI Advent Private Equity, the Asian arm of Advent International, has reached a first close of $125 million on its six fund - SEAVI Advent Equity Fund VI. Commitments came from high net worth individuals, corporate institutions and family offices, while...
J-Star promotes Satoru Arakawa to partner
Japanese mid-cap buyout firm J-Star has promoted Satoru Arakawa to the position of partner.
PE investor fails to oust Intrepid board over Indonesia mining dispute
Hong Kong-based PE firm Quantum Pacific Investment has failed in its attempt to remove the directors at Australia's Intrepid Mines after the company lost control of a key Indonesia mining asset.
TPG eyes $2b second close on Asia fund, reduces final target – report
TPG Capital is said to be approaching a second close of $2 billion on its sixth Asian fund. The private equity firm has reduced the final target to $3.5 billion from $4 billion - it was originally said to be seeking $5 billion - and expects to reach a...
Carlyle, Seven to retain ownership of Australia's Coates Hire
The Carlyle Group and Seven Group Holdings have decided against pursuing an exit from Australian equipment-leasing business Coates Hire following a strategic review. The co-owners said they remain fully committed to growing the business.
Korea’s Castling gets first LP commitment, targets fund-of-funds
Castling Investment Group, a start-up alternatives investment advisory firm based in South Korea, has received its first external LP commitment – totaling $80 million – from a local museum foundation. The capital will be placed into a separate account...
Japanese, Chinese VCs provide $4.4m round for social site Muzy
The Silicon Valley-based venture capital arm of Japanese telecoms giant NTT Docomo, Docomo Capital, and Recruit Strategic Partners - the corporate VC arm of Japanese internet company Recruit Holdings - have teamed up with Chinese entrepreneurs to invest...
Indian pharma firm Cipla launches VC unit
Cipla, an India-based generic drug maker, has set up a VC arm – Cipla Ventures – to invest in biotechnology, medical devices and new chemical entities.
AID Partners-backed Prime Focus to open in China
Prime Focus, a global movie effects and entertainment company headquartered in India and backed by Hong Kong PE firm AID Partners Capital, is to open an office in Beijing.
Japan divestments still strong despite 'double-edged sword' of Abenomics
Corporate divestments continue to be a strong source of buyout deal flow in Japan, regardless of the impact of recently introduced economic reforms, according to Richard Folsom, co-founder and CEO of domestic GP Advantage Partners.
Carlyle-backed New Century REIT targets $254m HK IPO – report
China’s New Century Group, a portfolio company of the Carlyle Group, is seeking to raise as much as $254 million through an IPO offering by a real estate investment trust (REIT) in Hong Kong.
China’s Dalian Wanda buys PE-backed yachtmaker Sunseeker
Dalian Wanda Group has sealed a deal to acquire a 91.81% stake in Britain’s largest luxury yachtmaker Sunseeker – backed by Irish private equity firm FL partners - for GBP320 million ($495 million). The deal is expected to close by mid-August.
Hawkesbridge seeks Australian bottled water company exit
Hawkesbridge Capital is seeking a potential buyer for Noble Beverages, the Australian company behind the bottled water brand Pureau.The Sydney-based private equity firm made a succession play for the family-owned company back in 2004, acquiring a majority...
GIC to sell Springer Science+Business
GIC Special Investments, the PE arm of the Government of Singapore Investment Corporation, and EQT will sell global publisher Springer Science+Business Media to London-based BC Partners for a total enterprise value of around EUR 3.3 billion ($4.4 billion),...
Omnivore invests in Indian agri-tech startup Barrix
VC investors Omnivore Partners has made a seed stage investment into Bangalore-based Barrix Agro Sciences, which develops pest control products that can reduce the use of chemical insecticides. Financial details of the transaction were not disclosed.
Tencent leads $150m financing round for Fab.com
Chinese internet group Tencent has led a $150m round of investment for US online design store Fab.com, in a fourth round of financing which is yet to close. The deal values the company at $1 billion, not including new capital raised.
Carlyle to exit Yashili stake to China Mengniu Dairy
The Carlyle Group has agreed to sell its 24% stake in Yashili International to domestic rival China Mengniu Dairy for about HK$3 billion ($387 million). This is part of a Mengniu bid for a majority interest in Yashili - its second lateral investment...
Yageo shareholders block private equity deal
Shareholders of Taiwanese electronic components manufacturer Yageo Corporation have blocked a $1.65 billion private equity deal put forward by company management.
AlpInvest's Hong Kong secondaries head steps down
AlpInvest has confirmed that the head of its secondaries team in Hong Kong, Neal Costello, has left the company after less than a year in the role.
Fidelity leads Series B round for India's Cloudbyte
Fidelity Growth Partners India has led a $4 million Series B round of investment in Cloudbyte, a company which provides cloud-storage solutions for online applications. Existing investors Nexus Venture Partners and Kae Capital also participated.
Asian Healthcare Fund invests in Wellspring clinic chain
Delhi-based Asian Healthcare Fund (AHF) has invested in Wellspring Healthcare, which runs eight primary care clinics in Mumbai under the Healthspring Community Medical Centres brand. Financial details of the deal were not disclosed.
Singapore’s Temasek establishes UK presence
Temasek Holdings has set up a unit in the UK that will focus on investments in Europe. It is the Singaporean sovereign wealth fund’s 10th overseas office or affiliate.
JLL reaches first close on debut India real estate fund
Jones Lang LaSalle’s (JLL) Segregated Funds Group has reached a first close of INR1 billion ($17.2 million) on its Residential Opportunities Fund I. The vehicle launched last year and has a final target of INR3 billion ($51.2 million)