News
Tata Capital to set up $1b fund with Power Finance
Tata Capital has teamed up with Power Finance Corp (PFC), an Indian power sector financing specialist, to set up a $1 billion private equity fund to invest in domestic power projects.
MBK’s Coway deal revived after court approval
MBK Partners’s acquisition of a significant minority stake in water purifier manufacturer Woongjin Coway appears to be back on track after a South Korean court approved the KRW1.2 trillion ($1.1 billion) deal. The deal was put on hold last month after...
Fosun bids for Greek gambling monopoly OPAP
Fosun has expressed interest in buying a 33% stake in Greek gambling monopoly Hellenic Football Prognostics Organization (OPAP), the country's privatization agency Hellenic Republic Asset Development Fund (HRADF) said on Saturday.
SEBI settles charges against power sector VC fund
The Securities and Exchange Board of India (SEBI) has agreed to a INR3.7 million ($69,000) settlement against power sector venture capital fund Small is Beautiful for its alleged violation of venture capital investment regulations.
ChrysCapital, CX Partners buy minority stake in KPIT Cummins
ChrysCapital and CX Partners have purchased a stake in Indian IT firm KPIT Cummins Infosystems by investing INR1.6 billion ($30 million) in a preferential allotment of 12.9 million shares.
India mobile payment firm raises Series A round
Mobile payments company Ezetap Mobile Solution has raised a Series A round of funding from Silicon Valley-based venture capital firm Social+Capital Partnership, PayPal’s Peter Thiel and David Sacks of Microsoft, among others. Existing investor AngelPrime...
Phoenix Media to launch $300m fund
Phoenix Media is in the process of raising a $300 million private equity vehicle to invest in growth capital in Chinese media and culture companies. Hong Kong-listed broadcaster Phoenix TV is said to be one of the co-general partners of the fund.
Peepul Capital backs Indian lingerie brand
Peepul Capital has committed INR700 million ($12.8 million) to lingerie and sportswear start-up Brandis Manufacturing and Marketing. The Bangalore-based company will use the funds to expand production facilities and build out its brand.
KKR, Allegro pick up Australasian loan portfolio from BOS
KKR’s special situations business has teamed up with Australia’s Allegro Funds to acquire a portfolio of commercial loans from BOS International. The sale came after Lloyds International, BOS’ parent, conducted a review of its Australia and New...
CHAMP-backed oOh!Media targets more acquisitions
Australia’s outdoor advertising industry looks set for further consolidation as CHAMP Private Equity said portfolio company oOh!media is still on the acquisition trail after agreeing to buy Ten Network’s Eye Corp.
Riverside acquires Australian e-learning provider
The Riverside Company has bought Australian e-learning firm Learning Seat, its 300th acquisition. The transaction is the first investment of the firm’s affiliated Riverside Asia-Pacific Fund II.
Warburg Pincus increases stake in Future Capital to 68.4%
Warburg Pincus has increased its stake in India financial services firm Future Capital Holdings to 68.4% after acquiring an additional 24.43% stake for INR2.7billion.
Permira exits Galaxy Entertainment for 2.8x return - update
Permira exited its remaining 5.9% stake in Hong Kong-listed Galaxy Entertainment Group for around $875 million on Wednesday. The series of divestments imply the private equity player generated a return of 2.8x on its initial investment five years ago,...
Warburg exits Greentown for $54m
Warburg Pincus has reportedly raised HK$421.2 million ($54 million) by exiting Chinese property developer Greentown China after a six-year investment period.
Hina launches $100m wine fund
Hina Group, one of the leading Chinese private equity and M&A corporate finance boutiques, has teamed up with Richard Wollack, the founder of Premier Pacific Vineyards, to create the $100 million Hina Vineyard Fund. Capital will be raised from high net...
Baring, Carlyle eye Warburg Pincus stake in WNS - report
Warburg Pincus is reportedly in talks with The Carlyle Group and Baring Asia over the sale of its 29% stake in Indian business process outsourcing (BPO) firm WNS Holdings.
Denham Capital to open office in Perth
Energy-focused PE firm Denham Capital is to open an office in Perth, Australia, in February. Based in one of the world’s main hubs for mining activity, the new office will be led by Bert Koth, director of Denham’s metals and minerals team.
SE Asian private equity deals to rebound in 2013 - Bain & Co
Southeast Asia’s private-equity investments are expected to pick up next year as the region’s improving economic outlook attract new funds, said Sebastien Lamy, a partner at Bain & Co. He projects transactions across the region in 2012 to match last...
Ontario Teachers to open Hong Kong office in 2013
Ontario Teachers’ Pension Plan (OTPP), Canada’s third-largest pension fund, is planning to open a Hong Kong office next year as part of efforts to diversify its investments. Its domestic counterpart, Canada Pension Plan Investment Board, has already...
CHAMP PE sells off Blue Star’s Australian operation
CHAMP Private Equity is said to have exited the Australian arm of printing and communications company Blue Star Group to a consortium including Wolseley Private Equity and CaxtonWeb. Blue Star’s New Zealand operations area also expected to be sold off.
Alvarez & Marsal MD relocates to Hong Kong
Alvarez & Marsal (A&M) has relocated Managing Director Jacques Roizen from New York to Hong Kong to support the development of the firm’s Asia team. He has been with A&M for 10 years and was responsible for setting up the revenue enhancement practice...
Australian's Verde targets $52m VC fund
Australian venture capital firm Verde is seeking to raise A$50 million ($52 million) for a fund that will focus on bringing technology to market. It will concentrate on innovations in the medical, defense and technology sectors.
CVC consortium wins first approval for Malaysia KFC bid
A $1.7 billion take-private bid by a CVC Capital Partners-led consortium for Malaysia's two main KFC fast food franchisees won its first approval from shareholders yesterday.
Carlyle in talks with Prizm for controlling stake – report
The Carlyle Group is reportedly in advanced talks with Sequoia-backed Prizm Payments, India's leading electronic payments service providers, for a controlling stake in the company. The deal is said to value Prizm at $225-250 million, which is equivalent...