News
Riverside invests in Australian military training company
Riverside has invested in Bohemia Interactive Simulation, an Australian company which provides military training simulation technology.
Attractive China secondary targets rising at 25% per year – study
At least 200 private equity portfolio companies in China are attractive targets for potential secondary buyers and the number is likely to grow 15-25% per year as funds come to the end of their lives and find that exit options are still limited.
KKR boosts Masan Consumer stake with $200m investment
KKR has more than doubled its investment in Vietnam’s Masan Consumer Corp. (Masan), committing $200 million on top of the $159 million it paid for a 10% stake in the company two years ago. It is the largest ever private equity investment in Vietnam,...
Private equity remains unregulated under China’s new fund law
Private equity and venture capital have been omitted from China's revised Securities Investment Funds Law, which comes into effect in June. This means the asset class will remain largely unregulated.
KKR to put another $40m into United Envirotech
KKR has agreed to invest $40 million in United Envirotech (UEL), a Chinese water treatment and recycling solution provider. The private equity firm previously subscribed to $113.8 million convertible bonds issued by UEL in October 2011.
Blackstone appoints ex-PwC executive as Singapore chairman
The Blackstone Group has named Gautam Banerjee as Singapore chairman and appointed him to its international advisory board. He was previously executive chairman of PricewaterhouseCoopers Singapore and also served as the accounting firm’s COO for China,...
Carlyle completes China Pacific exit, takes total sales value past $5b
The Carlyle Group has completed what is said to be its largest-ever cash exit globally, selling the last of its interest in China Pacific Insurance for $796 million. The private equity firm has accumulated more than $5 billion through a series of block...
Cerberus begins Aozora exit with $1.8b sell down
Cerberus is to sell the bulk of its 58% holding in Japan's Aozora Bank through a public market sale that could generate up to JPY158.1 billion ($1.8 billion). The US firm's stake would fall to 8%.
Chinese short-term rental sites secure $20m in VC backing
Xiaozhu.com and Mayi.con, two competing Chinese websites specializing in short-term room rentals, have each secured $10 million in VC funding.
ICICI, Apollo raise $500m distressed fund – report
ICICI Ventures and Apollo Global Management have reportedly raised $325 million to invest in distressed Indian companies. The joint fund, namely AION, will eventually increase its corpus to $500 million.
PE-backed Ramky Enviro plans $200m IPO
Ramky Enviro Engineers, an Indian waste management company backed by Standard Chartered Private Equity and IL&FS Investment Managers, is planning a $200 million IPO to support expansion plans.
Wanxiang-backed fund exits D&R to strategic buyer
Summit Strategic Investments, a private equity fund controlled by Chinese auto parts manufacturer Wanxiang Group, has exited US-based D&R Technology to CTS Corporation.
Navis acquires Vietnamese seafood processor
Navis Capital Partners has acquired a stake in Go Dang Joint Stock Company (Godaco), one of Vietnam’s fastest growing seafood processing companies, through its Singaporean subsidiary Panga Hold.
Warbug Pincus to exit India’s WNS Global – report
Warburg Pincus is reportedly in talks with The Carlyle Group, KKR and Baring Private Equity Partners India to sell its 29% stake in business process outsourcing (BPO) firm WNS Global.
Newgate Communications launches in Hong Kong
Newgate Communications has opened its first Asian office in Hong Kong, which is headed by Richard Barton, formerly Asia managing partner at Kreab Gavin Anderson (KGA). This is part of a broader strategic expansion initiative that will also see the firm...
China cleantech firm Nature Elements cuts fundraising target
Nature Elements Capital, a Tianjin-based Cleantech PE firm, has nearly halved its fundraising target for its debut US-dollar fund amid tough market conditions.
CanBank Venture backs India’s Vinyas Innovative Technology
Canbank Venture Capital Fund, the PE unit of Canara Bank, has invested INR100 million ($1.8 million) in Mysore-based electronic manufacturing services firm Vinyas Innovative Technologies.
Essex Woodlands promotes Barry, Yang in Shanghai
Silicon Valley-based healthcare investor Essex Woodlands has promoted David Yang and Scott Barry, who run its Shanghai office, to managing director. The promotions, two of five made by the company globally, came into effect on January 1.
Unitus raises $8m for India seed fund
Unitus Seed Fund (USF) has raised more than $8 million for its seed-stage venture capital fund focused on start-ups serving India's low-income consumers.
GIC appoints Lim Chow Kiat as CIO
Government of Singapore Investment Corporation (GIC) has named Lim Chow Kiat as its new group chief investment officer, effective February 1. Lim, currently the sovereign wealth fund’s deputy CIO, will replace Ng Kok Song, who is retiring after 42 years...
Hony Capital’s John Zhao becomes CVCA chairman
John Zhao, CEO of Hony Capital, has been elected to succeed Yichen Zhang, his counterpart at CITIC Capital, as chairman of the China Venture Capital and Private Equity Association (CVCA).
China's Mailman to set up early-stage Asia fund
Mailman, a social media and digital marketing company based in China, is a forming a start-up fund that will provide Series A funding rounds.
Mizuho, JBIC to set up $183m SME private equity fund
The Japan Bank for International Cooperation (JBIC), Mizuho Corporate Bank (Mizuho CB) and Mizuho Bank will form the Mizuho ASEAN PE Fund to support the overseas expansion of Japanese mid-tier and small- to medium-sized enterprises (SMEs).
Indonesia’s Berrybenka gets funding from Gree Ventures
Gree Ventures, the VC arm of social Japanese social networking giant Gree, has completed its third investment in Indonesia, providing a Series A round of funding to fashion-focused e-commerce start-up Berrybenka. The size of the investment was not disclosed.