News
TA-owned SpeedCast buys Australian Satellite Communications
TA Associate Partners-backed SpeedCast has completed a buyout of Australian Satellite Communications (ASC). The company provides satellite-based communications solutions throughout Australia and surrounding regions.
Premji buys stake in Heritage Foods, Kotak India exits
Kotak India Value Fund has exited the remainder of its stake in Indian retailer Heritage foods to Azim Premji, chairman of Indian IT multinational Wipro, who has bought a 4.7% stake in the company.
Khazanah in $356m exit from AIA
Khazanah Nasional, the Malaysian sovereign wealth fund, has exited its entire holding in Hong Kong-listed AIA Group, raising HK$2.76 billion ($356 million). The sale comes as the lockup on American International Group’s stake in the Asia-focused insurance...
Blackstone to launch Asia real estate fund
The Blackstone Group is launching an Asia real estate fund to capitalize on what Tony James, the firm’s president, described as a “golden moment” to engage in property market investment.
CX Partners invests in TSI’s India ATM business
CX Partners has invested INR1.2 billion ($23 million) in India ATM business of Transaction Solutions International (TSN), an electronic transactions specialist listed in Australia.
BlackRock hires head of Australia alternatives
BlackRock has hired Andrew Landman as its new head of alternatives in Australia.
Indiareit completes property exits, targets new fund
Indiareit Fund Advisors, the real estate PE arm of Piramal Enterprises, has raised INR4.4 billion ($80 million) on exiting three of its investments and is now preparing to raise another offshore fund worth up to $350 million.
GCS Capital in talks to buy Dexia asset management unit
GCS Capital, a Hong Kong-based private equity firm, is in exclusive talks to buy Dexia’s asset management arm. It is estimated that the deal could be worth EUR500 million, lower than the EUR750 million Dexia was reportedly seeking when it put the asset...
Golden Gate, JFDI form Asian start-up alliance
Golden Gate Ventures and JFDI.Asia will form a strategic alliance to support early-stage digital start-ups in Asia as they move from concept to pre-Series A funding.
Boyu invests in Hong Kong retailer Stelux
Boyu Capital has invested in Stelux Holdings through a subscription for HK$371 million ($47.8 million) of convertible bonds issued by the Hong Kong retailer. As part of the deal, CEO Joseph Wong said he planned to nominate Boyu’s Mary Ma and Alex Wong...
New York Life Capital is renamed GoldPoint
New York Life Capital Partners, the boutique investment arm of New York Life, has renamed itself GoldPoint Partners. The exercise is intended to create a distinct identity for the firm; it doesn’t involve any change in ownership, management personnel...
Goldman Sachs in partial exit from Geely
Goldman Sachs has sold 600 million shares of Hong Kong-listed Geely Automobile Holdings in a deal worth $254 million. The shares were divested after the private equity investor exercised a combination of convertible bonds and warrants.
CHAMP-backed Shelf Drilling completes $1b acquisition
Shelf Drilling, the Dubai-based shallow water drilling services company backed by Australia’s CHAMP Private Equity, its US affiliate Castle Harlan, and Lime Rock Partners, has completed the acquisition of assets worth $1.05 billion. The PE investment,...
IDFC PE’s Parag Milk Foods seeks to double capacity
Parag Milk Foods, the Indian dairy company that received a INR1.55 billion ($28.7 million) investment from IDFC Private Equity in September, plans to double its capacity by expanding existing production plants and setting up new facilities. It currently...
Samara Capital acquires NewsWire18 for $16.5m
Samara Capital has entered an agreement to purchase a majority stake in Indian news terminal business NewsWire18 for INR900 million ($16.5 million).
Helion, Footprint invest $6m in restaurant chain Mast Kalandar
Helion Venture Partners is leading a third round of investment in quick service restaurant (QSR) chain Mast Kalandar, which is run by Bangalore-based Spring Leaf Retail.
China Merchants launches alternative investment subsidiary
China Merchants Group, a leading Chinese state-owned conglomerate, has launched a subsidiary to focus on alternative investments. The new entity - China Merchants Capital – currently manages RMB20 billion ($3.21 billion) in assets. This is expected...
Goldman invests in PE-backed Fresh Water Group
Goldman Sachs has led a new round of funding for Fresh Water Group, a Chinese purified water service provider already backed by SAIF Partners and Ares Management.
AVCJ to host India webinar on December 12
AVCJ is hosting a webinar on December 12 focusing on the opportunities and challenges facing Indian private equity. The free online event is being run in partnership with KPMG.
Chinese pork producer Zhongpin agrees PE-backed take-private
NASDAQ-listed Chinese pork producer Zhongpin has agreed to a private equity-backed management buyout by its chairman and CEO, Xianfu Zhu. The deal values the company at $502 million.
Hamilton Lane targets $400m FOF, 15% for emerging markets
Hamilton Lane is targeting $400 million for its latest fund-of-funds vehicle, with 15% of the capital earmarked for emerging markets. According to a document sent to prospective investors, Fund VIII promises a fairly even distribution between US and European...
Chrysalix network targets global cleantech investments
A new cleantech venture investor alliance, the Chrysalix Global Network (CGN), has been formed to target investment opportunities throughout the world.
Tata Capital acquires stake in Pluss Polymers
Tata Capital has acquired a stake in Pluss Polymers for INR150 million ($2.7 million). The investment was made through the Tata Capital Innovations Fund and is intended to help the company, a specialized polymer maker, to further its R&D and manufacturing...
Lombard sells 10% stake in Thai department store chain
Lombard Investments has exited its 10% holding in Robinson Department Store, a mid-market retailer in Thailand, for approximately $219 million.