News
CDIB Capital backs duty-free operator Flemingo International
CDIB Capital has invested $19.9 million in Dubai-based travel retail operator Flemingo International.
Carlyle passes $1b mark on fourth Asia buyout fund
The Carlyle Group has raised more than $1 billion for its fourth Asia buyout fund, having reached a first close of $700 million last December, according to sources familiar with the situation. The private equity firm is targeting a final close of $3.5...
India’s Satin Creditcare raises new VC funding, Lok Capital exits
Satin Creditcare Network, a New Delhi-based microfinance institution (MFI) has raised INR410 million ($7.49 million) from three venture capital firms’ three funds. The transaction facilitates the exit of Lok Capital, an early investor in the company.
NEPC forms alliance with Singapore’s GFIA to boost Asia advisory business
NEPC has entered into a research agreement with a Singapore-based investment consultant GFIA to bolster its coverage of Asia-based managers and investment strategies.
Saratoga-owned Mandala Air eyes expansion
Saratoga Capital-owned Mandala Airlines plans to quadruple the size of its fleet by 2014 in order to boost its share of a rapidly expanding Indonesian aviation market, driven by the country’s emerging middle class.
Temasek sets up dedicated LNG investment unit
Temasek Holdings has set up an investment unit dedicated to liquefied natural gas (LNG) assets. The move comes as the Singaporean sovereign wealth fund seeks to increase its energy exposure – as also evidenced through recent PE investments – in recognition...
China’s NSSF assets top $178b in 2012
China’s National Council for Social Security Fund (NSSF) reported a 7% investment return in 2012, its best performance in three years, as total assets under management topped RMB1 trillion ($178 billion) for the first time.
Indix raises $4.5m from Nexus, Avalon
Nexus Venture Partners and Avalon Ventures have jointly committed $4.5 million to Indian data and analytics start-up Indix.
MGPA buys two Tokyo office buildings
MGPA has acquired two office buildings in Tokyo – South Shin Otsuka building in Otsuka and Shinjuku TX building in Shinjuku - through its Asia–focused German fund MGPA Asien Speziafonds.
Malaysia plans $500m global halal fund
Malaysia-based specialist private equity firm Azka Capital will manage a MYR1.55 billion ($503 million) fund focused on global opportunities in the halal industry. It is expected to acquire companies in the food and agri-business sector and reorient them...
Indiareit makes two investments, plans new fund
Indiareit Fund Advisors, the real estate PE arm backed by Indian entrepreneur Ajay Piramal, has invested INR2 billion ($37 million) in real estate projects and is reportedly set to launch a $300 million offshore fund next month.
Hassad backs India's Bush Foods, Standard Chartered exits
Hassad Food, a unit of Qatar Investment Authority (QIA), has acquired a majority interest in India-based basmati rice producer Bush Foods Overseas. The transaction facilitates the exit of Standard Chartered Private Equity (SCPE), which invested INR1.1...
Cerberus boosts Seibu tender offer, intensifies row with management
Cerberus Capital Management wants to increase its stake in Seibu Holdings by as much as 12% to 44.7% and nominate nine members of the Japanese rail and hotel operator’s 18-strong board. The move has escalated a row between the private equity firm and...
Australia’s Anchorage closes Fund II at $260m hard cap
Australia-based special situations and turnaround specialist Anchorage Capital Partners has reached a first and final close on its second fund at the hard cap of A$250 million ($260 million). The vehicle, which came in oversubscribed, spent less than...
OTPP private capital unit realizes $5b, reinvests $3b in 2012
Teachers’ Private Capital (TPC), the private equity fund and direct investment arm of Ontario Teachers’ Pension Plan (OTPP), saw $5 billion in gross realizations and $3 billion in reinvestments in 2012, with 13 new direct deals and 12 commitments...
AVCJ daily bulletin returns April 5
AVCJ's daily bulletin will take a one-day break for the Ching Ming Festival. Publication will resume on April 5.
India’s Just Dial wins IPO approval
Indian search engine Just Dial has won approval for its IPO, putting VC backers Sequoia Capital, SAIF Partners and Tiger Global on course for a partial exit.
PAG special sits fund invests $125m in China property developer
PAG will invest in real estate developer China South City Holdings through the purchase of HK$975 million ($125.6 million) in convertible notes. The proceeds will be used to support properties under development and refinance a portion of existing debt.
Polaris acquires Japanese salon operator
Polaris Capital has acquired a majority stake in Japanese salon and sports club operator Socie World for a reported JPY3 billion ($32 million). The capital came from the private equity firm’s third vehicle, which has so far raised JPY36 billion, just...
NVP pumps another $8m into Pepperfry
Norwest Venture Partners (NVP) has led a second round of funding for Mumbai-based online lifestyle store Pepperfry.com, putting in $8 million.
India’s Zephyr Peacock buys 25% of pre-fab buildings maker
Zephyr Peacock India has bought a 25% stake in Pennar Engineered Building Systems (PEBS) for INR500 million ($9.19 million).
eBay leads $50m round in India’s Snapdeal - report
Online e-commerce giant eBay has led a Series C round of funding worth a reported $50 million for New Dehi-based online marketplace Snapdeal.
Phoenix Capital exits Japan’s TEAC to Gibson Guitar
Phoenix Capital has agreed to sell its entire holding in Japanese-listed audio equipment manufacturer TEAC to Gibson Guitar for 4.88 billion yen ($51.9 million).
Billabong halts trading, PE firms said to cut buyout offer
Billabong International halted trading Tuesday amid reports that the two private equity consortiums bidding for the embattled Australian surfwear company would lower their bids.