News
Unilazer Ventures invests in Valyoo Technologies
Unilazer Ventures has joined IDG Ventures in investing INR530 million ($10 million) in Delhi-based Valyoo Technologies, which owns e-commerce sites LensKart, BagsKart, WatchKart and JewelKart.
Creador backs Indian home loans provider
Creador has acquired a 9.9% stake in Repco Home Finance (RHF), an Indian housing finance provider owned by Repco Bank, for INR724 million ($13.7 million). It is the India- and Southeast Asia-focused GP’s second deal in a fortnight and leaves the firm’s...
Zephyr Peacock, Credence back 20Cube Logistics
Zephyr Peacock India and Singapore-based Credence Partners are to invest $17 million in 20Cube Logistics for a significant minority stake.
Macquarie targets $1b fund for South, Southeast Asia - report
Macquarie Capital is said to be targeting $1.1 billion for its new fund focusing on South and Southeast Asia.
CITIC Capital Japan-backed Tri-Wall acquires DS Smith unit
Tri-Wall, a Hong Kong-headquartered heavy-duty cardboard manufacturer backed by CITIC Capital Partners, has acquired the UK Tri-Wall unit of British packaging firm D.S. Smith.
PAG in partial exit from Haitong Securities
PAG has made a partial exit from Haitong Securities, 10 months after participating in the Chinese brokerage’s IPO as a cornerstone investor.
KPMG India appoints new PE head, Utamsingh leaves firm
KPMG India has appointed Vikram Hosangady, its head of transaction services, as its new private equity leader. His predecessor, Vikram Utamsingh, has left the company.
Tata Opportunities Fund names new managing partner
Tata Capital has shuffled personnel at Tata Opportunities Fund following Mukund Rajan’s appointment as chief ethics officer and brand custodian of Tata Group. Padmanabh Sinha, chief investment officer at the fund, will assume Rajan’s responsibilities...
Vogo, KTB-backed LG Siltron withdraws IPO
LG Siltron, a silicon wafer manufacturer owned by LG Group, Vogo Investment and KTB Private Equity, has abandoned plans to raise at least $275 million through an IPO. The company won listing approval on October 31 but decided not to proceed because domestic...
China Resources Capital raises $153m for debut RMB fund
China Resources Capital (CRC) has raised RMB956 million ($153 million) for its debut local currency fund. The vehicle has also announced its first deal – a co-investment with mainland property developer China Vanke in a Shanghai residential project.
AVCJ Australia webinar takes place Thursday
The opportunities and challenges facing Australian private equity will be discussed by a panel of industry experts at an AVCJ webinar on February 21. It begins at 11 a.m. (2 p.m. AEST) and will last for approximately 45 minutes. Audience members will...
Vietnam's VinaCapital appoints new real estate head
VinaCapital has appointed David Blackhall as managing director with responsibility for the Vietnam-focused GP’s real estate portfolio. He takes over from David Henry, who is leaving the company to pursue opportunities in Australia.
Emerging markets share of PE fundraising reaches record high - EMPEA
Emerging markets-focused private equity funds received their largest ever share of global commitments to the asset class last year, according to the Emerging Markets Private Equity Association (EMPEA).
AGCA teams up with HarbourVest, Axiom to buy Credit Suisse PE assets
Asia Growth Capital Advisors (AGCA), which spun out from Credit Suisse’s private equity division in 2010, has acquired a portfolio of PE investments from its former parent, supported by HarbourVest Partners and Axiom Asia. Prior to the transaction, AGCA...
RREEF names Maruf head of Asia Pacific alternatives
Nadir Maruf has been appointed head of Asia Pacific alternative investments at RREEF Alternatives, a unit of Deutsch Asset Management.
Headland invests in Malaysian snack foods brand
Headland Capital Partners has invested in Mamee-Double Decker Barhad, one of Malaysia's largest food and beverage firms. The details of the transaction were not disclosed.
New York State Teachers shuffles PE, real estate heads
New York State Teachers’ Retirement System (NYSTRS) has appointed John Virtanen as managing director for private equity. He moves over from the system’s property portfolio, which will now be overseen by David Gillan.
Australia's Advent sees 2.5x return on Locker investment
Advent Private Capital has sold metal products manufacturer Locker Group Holdings to US-based Valmont Industries, generating a 2.5x money multiple on its investment. According to AVCJ Research, the Australian GP acquired an 80% stake in Locker just over...
RRJ Capital acquires kidswear brand Kingkow
RRJ Capital has acquired a 75% stake in Hong Kong-based children's wear retailer Kingkow.
IDG Ventures targets $175m for second India fund
IDG Ventures India is targeting $175 million for its second India-focused fund. The predecessor vehicle raised $150 million in 2007.
Japan's Orix signs up as LP for Mongolia Opportunities Fund
Japan's Orix Corporation will invest in Mongolia Opportunities Fund I, reputedly the country's first ever private equity vehicle. Orix aims to use the fund, established by Mongolia Opportunities Partners, to make its own first investments in country....
CVC in largest-ever Philippines buyout - update
CVC Capital Partners has agreed to buy an 80% stake in SPi Global Holdings, a business process outsourcing (BPO) unit of Philippine Long Distance Telephone Company (PLDT), in what is the Philippines' largest-ever buyout deal. The transaction values SPi...
Baring PE Asia exits Taiwan-listed Airtac
Baring Private Equity Asia (BPEA) has completed its exit from Airtac International Group, a Taiwan-founded but now mainland China-headquartered manufacturer of pneumatic components.
Australia's Telstra loses VC unit founder
Deena Shiff, managing director of Telstra’s captive VC unit, has resigned her post to focus on a non-executive career and directorships. She remains as an advisor to the firm and as a board director for investee companies.