News
Goldman invests $110m in Indian cable distributor
Goldman Sachs has invested INR6 billion ($110 million) in DEN Networks, an Indian cable distribution company. According to AVCJ Research, it is the fifth-largest PE investment completed in India so far this year.
CLSA Capital Partners to invest $10m in Indian agri company
CLSA Capital Partners will acquire a 19.6% stake in Camson Bio Technologies, an agricultural biotechnology company, for INR539 million ($10 million).
Quadrant-backed Summerset eyes Australia listing
Summerset, a New Zealand care home operator backed by Quadrant Private Equity, is seeking to list on the Australian Securities Exchange in response to increased interest from local investors.
Sidley Austin adds PE lawyer to Singapore office
US law firm Sidley Austin has hired Gregory Salathé, a cross-border M&A specialist who represents PE and hedge funds, as a partner in its Singapore office. He will relocate from Tokyo, where he was previously co-managing partner of Morgan Lewis' office.
Carlyle launches Japan fund with $2b target - report
Carlyle is said to have launched its latest Japan-focused buyout fund with a target of $2 billion.
Qatar sovereign fund buys $1.2b stake in Bharti Airtel
The Qatar Foundation Endowment will buy a 5% stake in Bharti Airtel for INR67.9 billion ($1.26 billion). It will purchase 199.8 million new shares issued by the India-based telecommunications provider at INR340 apiece.
OCBC takes part in $116m debt financing for Indonesian toll road operator
Singapore's Oversea-Chinese Banking Corporation (OCBC) has completed IDR1.13 trillion (S116 million) in convertible debt financing for Indonesian toll road operator Baskhara Utama Sedaya (BUS).
Leopard exits Cambodia's Kulara Water
Leopard Capital has exited its entire investment in Cambodia's Kulara Water to the company's founding shareholder. Details of the transaction were not disclosed.
Carlyle-backed New Century refines Hong Kong plan - report
China’s New Century Hotel Group, a portfolio company of The Carlyle Group, plans to spin off its hotel business as a real estate investment trust (REIT) through a $300 million Hong Kong IPO. It earlier planned to list both the hotel and real estate...
Baring Asia-owned Nord Anglia completes WCL bolt-on
Nord Anglia Education, an international schools operator owned by Baring Private Equity Asia, has completed the bolt-on acquisition of WCL Group for $222 million. The deal strengthens Nord Anglia’s presence in North America and the Middle East, taking...
Infinity Group invests in China COFCO project
Infinity Group, the Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, plans to invest up to RMB10 billion ($1.62 billion) in the Beijing Eco-Valley project created by food industry giant COFCO Group.
Citi bags Australian PE banker from UBS
Citigroup has hired leading Australian private equity banker Aiden Allen from UBS.
Russia keen to double size of joint PE fund with China
China Investment Corporation (CIC) and Russian Direct Investment Fund (RDIF) could double their contribution to their joint fund to $2 billion apiece and expand its investment projects this year.
Voting for the AVCJ China Awards closes today
Voting for the 2012 AVCJ China Private Equity & Venture Capital Awards closes today. Members of the region’s private equity community have until 6 p.m. Hong Kong time to decide on the leading fundraising, investments, exits, individuals and firms in...
BootstrapLabs, MAD incubator launch SE Asia start-up accelerator
Malaysia-based MAD incubator has partnered with Silicon Valley-based BootstrapLabs to create a Southeast Asia-focused start-up accelerator.
OneVentures leads $1.1m round for Australia mobile video spin-out
Australian venture capital group One Ventures has led a A$1.1 million ($1.1 million) round of seed investment in Incoming, a mobile video start-up spun out of NICTA, a government-funded information and communications technology research company.
Creador sets $250m target for Fund II
Creador has launched its second fund, targeting $250 million, barely four months after closing its debut vehicle. The private equity firm, which focuses on India and Southeast Asia,expects to reach a first close in August.
Hopu’s Fang Fenglei to raise comeback fund
Fang Fenglei, a former Goldman Sachs banker and co-founder of China Hopu Investment Management, is looking to raise at least $2 billion for his new fund - three years after winding down the previous vehicle.
India’s NSL Renewable raises $30m from ADB
Renewable energy developer NSL Renewable Power Private (NRPPL) has raised $30 million from the Asian Development Bank (ADB) in another round of financing to fund the construction of two hydro-power and wind energy projects in India.
Tata Capital closes Opportunities Fund at $600m
Tata Capital has closed its Tata Opportunities Fund (TOF) with $600 million in commitments, short of its target of $1 billion. The fund was launched back in March 2011, with the mandate of investing within the Tata group of companies and also in Indian...
Hahn & Co. to buy stake in South Korea’s STX Energy - UPDATE
Hahn & Co. has agreed to buy a 43.15% stake in STX Energy, a subsidiary of beleaguered South Korean conglomerate STX Corp. AVCJ understands that the transaction a couple of months away from completion, and the terms could change pending the resolution...
Spice Global to co-invest with Silicon Valley’s Formation 8
Spice Global, the Indian conglomerate controlled by B.K. Modi, has committed an undisclosed amount to US-based venture capital firm Formation 8. The group will also be looking to co-invest with Formation 8 as it targets US start-ups with the potential...
Baring Asia in talks to buy stake in Lafarge India unit
Baring Private Equity Asia is in advanced talks with the Indian arm of French cement maker Lafarge for a minority stake in the unit.
Mercury takes 30% stake in Australia's Novotech
Mercury Capital has taken a 30% stake in Novotech, Australia's largest independent clinical trials provider, with a view to aiding its Asia-Pacific expansion. The amount invested was not disclosed.