News
Sutherland Global Services to acquire Apollo's PE-backed BPO arm
Sutherland Global Services, a US-based business process and technology management services, has signed a definitive agreement to acquire Apollo Health Street (AHS), Apollo Hospitals’ healthcare business process outsourcing (BPO) arm. The company is...
PE-backed Chinese consortium to buy AIG’s aircraft leasing business
A Chinese consortium including a fund run by Wing-fai Ng, one of the co-founders of now-defunct Primus Financial Holdings, has agreed to buy up to 90% of International Lease Finance Corporation (ILFC) from American International Group (AIG). It is the...
Norwest Venture Partners invests $6m in Indian IT firm Attune
Norwest Venture Partners has invested INR326 million ($6 million) in cloud-based IT product company Attune.
General Atlantic appoints Apax's Sandeep Naik as India head
General Atlantic (GA) has appointed Sandeep Naik as managing director and head of its India office in Mumbai. Naik will lead GA’s investment advisory activity in the country, focusing on growth companies.
Renesas sells $1.8b in shares to INCJ-led consortium
Ailing Japanese chip-maker Renesas will sell JPY150 billion ($1.8 billion) of new shares to a consortium led by government-backed Innovation Network Corporation of Japan (INCJ).
CNEI leads $20m Series B for Juxin International Leasing
China New Enterprise Investment (CNEI) has led a Series B round of financing for Chinese specialty leasing company Juxin International Leasing. The investors acquired a 12.1% interest in Juxin for $20 million.
Singapore travel website gets seed funding from TNF, SingTel Innov8
Singapore-based online travel booking site Flocations has raised $570,000 seed funding round led by TNF Ventures and including SingTel Innov8, the corporate venture arm of SingTel – and angel investor Ben Ball.
Partners Group raises $2.6b for global secondaries fund
Partners Group has closed its latest secondary fund at the hard cap of EUR2 billion ($2.6 billion) and expects to deploy a higher proportion of the corpus in Asia than for previous vehicles as the region’s private equity market matures. The vehicle...
Piramal’s IndiaVenture Adviors to raise $185m fund
IndiaVenture Advisors, the PE arm of Indian pharmaceuticals company Piramal Enterprises, plans to raise a fund of up to INR10 billion ($185 million) that will target healthcare and education.
Composition Capital invests in four Asian projects
Composition Capital Partners has invested in four projects in Macau, Taiwan and Malaysia through its local joint venture partners. The property-focused investor has also exited a Tokyo office development within a year of acquisition.
US, India-focused Naya reaches first close on VC fund
Naya Ventures, a US-based VC firm that also invests in India, has reached a first close of $50 million on a fund targeting the mobile and cloud markets. Its approach involves providing capital and industry expertise to early-stage companies with a view...
Blume, First Light invest $500k in India's MadRat Games
Blume Ventures and First Light Ventures have invested $500,000 in Bangalore-based gaming start-up MadRat Games.
CNEI leads $23m investment in China Dadi Chemical
China New Enterprise Investment (CNEI) has led a $23 million round of funding for China Dadi Chemical, a leading industrial salt and salt chemicals producer. Korea Development Bank was a co-investor in the deal.
Fenox VC invests in Japan's Dream Link Entertainment
Silicon Valley-based Fenox VC has invested in Japanese flash animation studio Dream Link Entertainment (DLE).
Headland completes $55m buyout of South Korea’s YoungToys
Headland Capital Partners has a acquired a 96.5% stake in South Korean toy manufacturer YoungToys for KRW60 billion ($55 million). It is the 10th investment from Headland Private Equity Fund 6.
Primus Financial shuts down fund
Primus Financial Holdings, the private equity firm set up by three former Citigroup bankers to invest in financial services assets across Asia, has closed its fund. The firm profited from an investment in New China Life Insurance but is best known for...
General Atlantic's Nash promoted in Singapore
General Atlantic (GA) has promoted Nick Nash, who co-launched the firm's Singapore office, to principal.
Standard Chartered PE commits $37m to India's Sparkle Ocean
Standard Cartered Private Equity (SCPE) has purchased a minority stake in Hyderabad-based port and operations and management company Ocean Sparkle for INR2 billion ($37 million).
Sinagpore’s Ventrillion invests $15m in Clean Coal
Singapore’s Ventrillion Management has agreed to invest up to $15 million in US-listed Clean Coal Technologies. The company, which holds patents for technology that converts raw coal into a cleaner burning fuel, will use the proceeds to complete its...
Australia’s Harbart Private Equity buys Cardioscan
Harbert Australia Private Equity has bought an 85% stake in Melbourne-based cardiac testing service provider Cardioscan.
Northstar buys 49% stake in Trimegah Securities
Northstar Pacific Partners has acquired a 49% stake in Indonesian brokerage Trimegah Securities for IDR200 billion ($20.8 million). The investment was channeled through Northstar Equity Partners III, which closed last year at $820 million.
ChrysCapital wins major trophies at 2012 AVCJ India Awards
ChrysCapital Partners led the way at the 2012 AVCJ Private Equity & Venture Capital Awards India, claiming Firm of the Year as well as the prize for best fundraising. Meanwhile, Sanjay Nayar, CEO of KKR India, was named Private Equity Professional of...
GPs see more secondary deals, stress entrepreneur alignment – AVCJ India Forum
The Indian private equity industry is now diversifying its exit channels in the light of a conspicuous lack of public market deals, GPs told the AVCJ India Forum. Secondary transactions could be an alternative, but alignments with entrepreneurs is the...
PE-backed AAG Energy pulls Hong Kong IPO
Asian American Gas (AAG) Energy, a Chinese natural gas producer backed by Warburg Pincus and Baring Private Equity Asia (BPEA), has postponed its Hong Kong IPO due to challenging market conditions. The company started pre-marketing for the up to $200...