News
Australia's QIC reveals stake in US retailer
Australian investment manager QIC has disclosed its ownership of a stake in online plus-size retailer OneStopPlus through its private equity unit.
ACO Investment to bet $700m on Myanmar
New York-based ACO Investment Group, a firm founded by former United Airlines president Rononjoy Dutta and former Credit Suisse banker Hari Achuthan, says it will invest $700 million in Myanmar.
KKR eyes Panasonic healthcare unit - report
KKR is said to be among several investors showing interest as Panasonic looks to offload its healthcare unit.
Siemens sets up RMB venture fund
The venture capital arm of Siemens Financial Services (SFS VC), has set up a dedicated renminbi-denominated investment vehicle. The size of the fund has not been disclosed
Arch Capital exits India real estate project to Mahindra Lifespaces
Mahindra Lifespaces has bought back Arch Capital's 49% stake in a real-estate joint venture based in the Indian city of Chennai.
Competition for large-cap Indonesia deals to intensify – AVCJ Forum
Indonesian private equity will remain intensely competitive at the larger end of the market as regional and global buyout firms compete for a limited number of deals, industry participants told the AVCJ Indonesia Forum in Jakarta today.
Quadrant trims stake in New Zealand retirement village chain
Quadrant Private Equity is to reduce its stake in New Zealand retirement village operator Summerset. The Australian firm plans to divest around a third of its 56% holding in the NZX-listed company, equivalent to around 400 million shares.
Strong demand for Carlyle-backed Repco Home Finance IPO - update
The public issue of Repco Home Finance (RHF), which is backed by The Carlyle Group, Wolfensohn Capital Partners and Creador, was over-subscribed on its final day on Friday.
Standard Chartered invests in China's Aiyingdao department store
Standard Chartered Private Equity (SCPE) has invested in China's Aiyingdao Children's Department Store. Details of the transaction were not disclosed.
Indian Angel Network invests in RankJunction.com
Indian Angel Network (IAN) has invested in RankJunction.com, a ranking platform for competitive exams. Details of the transaction were not disclosed.
Archer’s Brownes buys Ravenhill Dairy assets
Archer Capital-owned Brownes has agreed to buy Ravenhill Dairy’s brand, processing assets and milk supply as it bids to double turnover to A$400 million over the next five years and steal a march on Western Australia rivals Harvey Fresh and Lion.
Baring PE Asia tables buyout offer for China’s Ambow Education
Baring Private Equity Asia (BPEA) has offered to buy New York-listed Ambow Education Holding in a deal that values the Chinese tutoring and training services provider at about $108 million. It is the 14th PE-backed take-private transaction involving a...
New Zealand's Pencarrow reaches final close of $101m on Fund IV
New Zealand-based GP Pencarrow Private Equity has reached a final close on its latest fund at NZ$124 million ($101 million).
Carlyle-backed Repco Home Finance launches IPO
Repco Home Finance (RHF), which is backed by The Carlyle Group, Wolfensohn Capital Partners and Creador, launched its IPO on Wednesday, seeking to raise INR2.7 billion ($49 million).
NEA, Headland-backed ValueFirst acquires mobile video service
ValueFirst Digital Media, a digital media company backed by Headland Capital Partners and New Enterprise Associates, has acquired clk2c.com, a unit of Samadhan Systems.
Helion, Nexus commit $10m to Indian e-commerce player ShopClues
Helion Venture Partners and Nexus Venture Partners have invested INR540 million ($10 million) in e-commerce firm Shopclue.com. Netprice.com CEO Teruhide Sato also participated in the funding round.
Australia's Blackbird Ventures reaches first close on VC fund
Sydney-based VC firm Blackbird Ventures has reached a first close of A$20 million on its A$30 million ($31 million) internet-focused venture capital fund.
Unitas to complete $800m Exego exit to Genuine Parts
Unitas Capital will complete its exit from Australian car parts supplier Exego in April through an $800 million sale, including debt, to Genuine Parts.
Morgan Creek to deploy over half of Fund II in China – report
Morgan Creek Capital reportedly plans to deploy at least 60% of its next Asian fund-of-funds in China. The vehicle, the firm’s second dedicated to the region, has a target of $300 million.
Temasek’s Vertex leads Series B round for Clearbridge BioMedics
Vertex Ventures, a VC unit of Temasek Holdings, has led a Series B round of financing for Singapore-based Clearbridge BioMedics worth S$9 million ($7.2 million). Other participants include existing investor BioVeda, Spring Seeds Capital, Biosensors International...
Asia PE firms lead world in female representation – study
Asia-based private equity firms have a higher proportion of women in high-level roles than their North American and European counterparts, according to a new study.
CX Partners targets May first close for India mezz fund
India’s CX Partners is aiming to raise the first round of capital for its new mezzanine fund by May.
Capital International primed for exit from India's MSM
Capital International is expected to exit its minority stake in India's Multi Screen Media (MSM) to Sony as the Japanese conglomerate's TV production subsidiary assumes full ownership of the business.
Life sciences VC investor Domain creates China partnership
US-based venture capital firm Domain Associates has teamed up with Chinese financial advisor Elite Consulting to support Western healthcare companies entering China. Several global VC investors and related service providers have been bulking up their...