News
Palisade, Northleaf invest in Australian wind farm
Palisade Investment Partners and Northleaf Capital Partners have refinanced and bought a 75% interest in an Australian wind farm from EnergyAustralia, a subsidiary of Hong Kong-listed CLP Holdings. The seller will realize proceeds of A$228 million ($228...
SCPE invests $75m in Asian gas project developer
Standard Chartered Private Equity (SCPE) has invested $75 million in Asia Pacific gas specialist Energy World Corporation (EWC) through a corporate exchangeable bond issue. The capital will be used to support liquefied natural gas (LNG) projects in the...
Samsung Venture leads $15m round for Taiwan Ubitus
Samsung Ventures, the VC arm of Korea’s Samsung Group, has led a new round of funding worth $15 million for Taiwanese cloud gaming firm Ubitus.
IFC commits $20m to Armstrong's SE Asia cleantech fund
International Finance Corporation, the World Bank's investment arm, has committed $20 million to Singapore-based Armstrong Asset Management's Southeast Asia cleantech fund.
Baring Asia invests $256m in Lafarge India
Baring Private Equity Asia will acquire a 14% stake in the Indian subsidiary of French building materials maker Lafarge, for INR14 billion ($256 million).
Gresham-owned mining contractor refinances $485m in debt
Barminco Holdings, an Australian mining contractor owned by Gresham Private Equity, has refinanced its debt through a $485 million senior note offering. The offering was oversubscribed, allowing the company to upsize the Australian dollar value to take...
Four VCs invest in China Bama Tea Series A round
IDG Capital Partners, Tiantu Capital, Shenzhen-based Cowin Capital and Tianjixing Capital have jointly invested in a Series A round of funding for Anxi Bama Tea worth RMB150 million ($24 million).
UK drug developer Vectura partners PE on China JV
Vectura, a UK-based drug company, has teamed up with Hong Kong-based PE investor Zendex Bio Strategy and Tianjin KingYork Group to form a joint venture that will develop respiratory products in China and other Asian markets.
Goldman invests $20m in Indian medical device manufacturer
Goldman Sachs’ private equity unit has committed INR1.1 billion ($20 million) to BPL Medical Technologies, a subsidiary of listed Indian consumer products manufacturer BPL. This is Goldman's third investment in the Indian healthcare sector.
India’s Just Dial IPO to raise up to $174m
Indian search engine Just Dial is on course to raise INR9.5 billion ($173.7 million) through its IPO later this month, allowing VC backers Sequoia Capital, SAIF Partners, Tiger Global, ECGS and SAP Ventures to make a partial exit.
Navis commits up to $150m to SE Asia e-waste specialist
Navis Capital Partners has acquired a majority interest in TES-Envirocorp, a Singapore-headquartered electronic waste (e-waste) company. According to sources familiar with the transaction, the GP invested $100-150 million.
Adveq hires first China head
Swiss fund-of-funds Adveq has appointed Ron Li as head of China, in a bid to develop its private equity and real assets offering in the country.
Armstrong cleantech fund makes debut investment in Thailand
Armstrong Asset Management has agreed to invest in a Thai solar energy project, marking the first deal from its Southeast Asia cleantech fund, which is expected to reach a final close of $150 million in August. The private equity firm will take a 60%...
Bain-owned MYOB completes BankLink bolt-on
Bain Capital-owned accounting software firm MYOB has agreed to buy BankLink, an accounting services provider, from New Zealand-based Media Transfer Services. The private equity firm will contribute NZ$61 million ($50.6 million) in equity funding to support...
AsiaInfo-Linkage finally accepts CITIC-backed MBO offer
Chinese telecom software provider AsiaInfo-Linkage has accepted a take-private offer from CITIC Capital Partners that values the company at approximately $890 million. The initial offer was made last January but has taken the AsiaInfo board about 16 months...
TPG makes $301m partial exit from India’s Shriram Transport
TPG Capital has sold a 10% stake in Shriram Transport Finance (STF) to Piramal Enterprises for INR16.5 billion ($301.4 million). Piramal acquired 22.8 million shares for INR723 per share ($13.19) in an open market transaction.
3i to stop investing in Indian infrastructure
3i Infrastructure will make no further investments in India as the $1.2 billion India Infrastructure Fund has not delivered the capital growth expected. The firm said it faced more political, market and macroeconomic challenges than expected when the...
Alibaba invests $294m in Chinese digital mapping firm
Alibaba Group has agreed to pay $294 million for a 28% stake in AutoNavi Holdings, a Chinese digital mapping company listed in the US. The deal is further evidence of cash-rich Chinese internet companies’ increasing acquisitiveness as they seek to diversify...
Ares Management buys AREA Property Partners
Global alternative asset manager Ares Management has acquired AREA Property Partners, a New York-headquartered real estate management firm investing across North America, Europe and India.
Carlyle pursues Rio Tinto's Australia mining asset - report
The Carlyle Group is said to have made an initial bid for Rio Tinto's 80% stake in an Australian copper-gold mine. KKR previously showed an interest in the Northparkes mine in New South Wales but didn't follow up with a bid.
IFC commits $10m to Chinese LED manufacturer
International Finance Corporation (IFC), the investment arm of World Bank, plans to commit at least $10 million Chinese LED manufacturer Qingdao Jason Electric through a co-investment.
Warburg Pincus raises $11.2b for global fund
Warburg Pincus has reached a final close of $11.2 billion on its latest global fund, one of the largest private equity vehicles raised since the global financial crisis. The firm fell short of its $12 billion target – as well as the $15 billion amassed...
Hony-invested Biosensors completes bolt-on
Biosensors International, a Singapore-listed medical device company backed by Hony Capital, has acquired Spectrum Dynamics, an Israel-based medical imaging and clinical applications company, for $51.13 million.
IFC, Sabre to invest $40m in Everstone-backed Indian hospital chain
Ravindranath GE Medical Associates (RGE), which operates a chain of eight hospitals across India under the Global Hospitals brand, will receive $15 million from Sabre Partners and $25 million from the International Finance Corporation.