News
IFC exits India's Kanoria Chemicals
International Finance Corporation (IFC), the World Bank's private investment arm, has sold its 10.88% stake in India’s Kanoria Chemicals, exiting at a small profit.
KKR, Providence battle for Australia’s NextGen – report
KKR is said to have joined Providence Equity Partners and TPG Telecom in the bidding for NextGen, the fibre-optics business being sold by Australian contractor Leighton Holdings.
Healthcare-focused Essex Woodlands opens Shanghai office
Essex Woodlands, the Silicon Valley-based healthcare investor, has opened an office in Shanghai as it looks to deepen its exposure to one of China’s fastest-growing sectors. David Yang and Scott Barry, both managing directors with the firm, will run...
Billabong receives $555m buyout offer - UPDATE
Billabong International has received a A$527 million ($555 million) buyout offer from Paul Naude, a director at the firm, with US-based Sycamore Partners participating as a cornerstone equity investor.
TPG-backed Li Ning warns of loss for 2012
Li Ning, the Chinese sportswear retail group backed by Government of Singapore Investment Corporation (GIC) and TPG Capital, will record a substantial net loss for the year based on its preliminary review for the 11 months ended November.
China removes QFII cap on sovereigns, central banks
China's State Administration of Foreign Exchange (SAFE) has removed the $1 billion limit on quotas for sovereign wealth funds, central banks and monetary authorities under the Qualified Institutional Investor (QFII) program.
Ascalon's Chuak Chan promoted from Asia head to CEO
Ascalon Capital Managers has appointed Chuak Chan as CEO. He joined the Australia-headquartered firm last year as head of Asia, having previously worked at Hong Kong hedge fund Segantii Capital Management, ING Investment Management and Bankers Trust in...
Anchorage approaches $263m close on Fund II – report
Anchorage Capital Partners will reportedly reach a final close on its latest fund at A$250 million ($263 million) as early as next month. The Australian private equity firm began fundraising in November.
Ticketgoose plans second round funding from VCs
One of India's leading online bus tickets firms, Ticketgoose.com, is looking to raise INR250 million ($4.6 million) in a second round of VC funding, CEO Arun Athiappan said.
Singapore named most attractive market for infrastructure investment
Singapore is the world’s most attractive market for infrastructure investment, according to a new report.
Hony invests in China International Marine Containers
Hony Capital has secured a 5.16% stake in China International Marine Containers (CIMC), the state-owned container producer that intends to shift its listing from China's B-share market to the Hong Kong Stock Exchange.
Insurance Australia sells UK business to Aquiline Capital
Insurance Australia Group has agreed to sell its UK business – Equity Red Star – to Aquiline Capital Partners for GBP87 million ($140 million). The transaction is scheduled for completion before June 2013.
PE-backed Bharti Infratel IPO oversubscribed
The $830 million IPO of Bharti Infratel, the Indian telecoms infrastructure subsidiary of Bharti Airtel, was oversubscribed by investors on Thursday. The intended flotation – which has been mooted for more than a year – will be the country’s largest...
Advantage Partners in possible Sanyo acquisition - report
Panasonic may sell its Sanyo digital camera unit to Advantage Partners by the end of March.
Sequoia leads $9.2m Series B in iCreate
Sequoia Capital is leading a INR500 milion ($9.2 million) round of investment in data analytics start-up iCreate Software. Sequoia’s Gautam Mago will join the board.
Carlyle plans partial exit from Kaisa – report
The Carlyle Group is reportedly selling part of its holding in Hong Kong-listed Chinese real estate developer Kaisa Group for up to $67 million.
GCS Capital finalizes Dexia asset management deal
GCS Capital has agreed to buy Dexia asset management (DAM) business shortly after entering into exclusive negotiations with the Belgo-French financial group. The Hong Kong-based private equity firm has also signed a strategic partnership agreement with...
Hong Kong tightens rule for IPO sponsors
The Securities and Futures Commission (SFC), Hong Kong’s stock market regulator, is looking to strengthen investor protection by tightening regulations on IPO sponsors. Under the new regulation, sponsors will be made liable for civil and criminal action...
Actis exits hotpot chain Xiabu Xiabu to General Atlantic
Actis has exited Chinese hotpot chain Xiabu Xiabu to General Atlantic after an investment period of four years.
Standard Chartered-backed Malakoff to list in 2013
Malakoff, the Standard Chartered Private Equity-backed power unit of Malayasian building firm MMC Corporation, has outlined plans for an IPO in 2013.
Korean PE fundraising to surpass $7b in 2012
The aggregate amount of private equity funds raised in South Korea this year is set to surpass KRW8 trillion ($7 billion), a record high for the country.
Olympus-backed DM Healthcare targets IPO by 2015
Olympus Capital-backed DM Healthcare, a Dubai-based healthcare services provider which gets a majority of its business in the Middle East, aims to go public by 2015.
PE-backed Xiaomi gets 10% of Kingsoft’s cloud computing unit
Chinese smart phone maker Xiaomi has agreed to purchase a 10% stake in Kingsoft Cloud Group, a unit of Chinese software maker Kingsoft, for $1.82 million in total.
Illinois Teachers commits up to $125m to MBK’s third fund
Illinois Teachers' Retirement System has committed up to $125 million to MBK Partners III. The pension plan previously committed $25 million to the North Asia-focused private equity firm’s second vehicle in 2008.