News
Bain, CVC lead nominations for 2012 AVCJ Awards
Bain Capital leads the way with four nominations in the 2012 AVCJ Asian Private Equity & Venture Capital Award, including the Firm of the Year category where it will compete for the honor against Archer Capital, Hony Capital, KKR and Navis Capital Partners....
Motilal Oswal PE plans $59m impact investment fund
Motilal Oswal Private Equity plans to raise an impact investment fund with a corpus of INR2.5-3 billion ($47-59 million) that will target socially relevant businesses.
Aditya Birla PE invests $10m in Olive Bar & Kitchen
Aditya Birla Private Equity has invested $10 million in Olive Bar & Kitchen, a Mumbai-based hospitality firm that runs a chain of fine-dining restaurants across India.
Italian PE fund backs Indian Hotels in $1.9b Orient-Express bid
Montezemolo & Partners, an Italian family-owned private equity firm, and Indian Hotels (IH), India’s biggest accommodation provider, have launched a $1.86 billion takeover bid for Orient-Express Hotels (OEH), a Bermuda-based hotel chain.
Hamilton Lane to ramp up Asia allocation to 15%
US-based gatekeeper Hamilton Lane is planning to allocate around 15% of its global portfolio to Asia, as investors look to capitalize on higher growth in the region.
Ex-China AMC fund manager registers PE vehicle in Qianhai
A former leading manager at China Asset Management (CAMC), one of the country’s largest domestic mutual fund providers, has registered a private equity firm in Qianhai, the development zone in Shenzhen through which renminbi-denominated funds will be...
AVCJ Asia Awards 2012: Voting opens Monday
Voting opens on Monday for the 2012 AVCJ Asian Private Equity & Venture Capital Awards. The AVCJ Editorial Board, in consultation with a judging panel of industry experts, has put together shortlists of nominees. We now invite Asia's private equity community...
Tech-focused US M&A advisor sets up in Seoul
J. Moore Partners, a technology-focused investment bank based in San Francisco, has opened an office in Seoul as part of plans to expand into Asia. It claims to be the first US technology M&A advisory firm to establish a presence in the city.
CVC backs Australia's Mantra in Asia expansion
CVC Capital Partners will back Australian hotel group Mantra as it expands into Indonesia, Thailand and Papua New Guinea.
CHAMP PE-backed oOh!media walks away from Eye Corp buyout
CHAMP Private Equity’s oOh!media portfolio company has decided not to proceed with its buyout of Eye Corp, Ten Network Holdings’ outdoor advertising business. This comes despite Ten’s denial earlier this week that the acquisition price would be...
Blackstone seals India’s largest commercial real estate deal – report
The Blackstone Group has reportedly secured the biggest commercial real estate deal in India to date, acquiring a 50% stake in a portfolio of three business parks for $200 million.
Standard Chartered’s financial sponsors head gets Indonesia role - report
The head of Standard Chartered’s financial sponsors group in Hong Kong, Sarab Bhutani, has reportedly been appointed co-head of wholesale banking for Indonesia. He will be responsible for deal origination and client coverage.
China Renaissance targets $750m for fund III
China Renaissance Capital Investment (CRCI) is targeting $750 million for its third fund. China Harvest Fund III will make growth capital investments in Chinese companies, taking equity stakes of up to $75 million.
Li Ning founder sells 25% in TPG-backed sportswear retailer
Chinese former Olympic gymnast Li Ning has agreed to sell a 25% stake in the sportswear company that bears his name – and counts TPG Capital among its investors – to Viva China, a Hong Kong-listed talent management agency. A company wholly owned by...
Jungle Ventures launches $10m 'super angel' fund
Jungle Ventures, a Singapore-based investment firm, has launched a new "super angel” fund, which has raised an initial $10 million to be invested in start-ups across Asia.
VCs invest $1.2m in Japanese website Retty
GREE ventures, NTT investment Partners and Mitsubishi UFJ Capital have jointly invested JPY100 million ($1.2 million) into Retty, a Japanese social restaurant guide.
New Zealand, Taiwan ink $200m co-investment pact
New Zealand Venture Investment Fund (NZVIF) and Taiwan’s National Development Fund (NDF) have formed a co-investment partnership which aims to commit up to $200 million into venture capital funds in the two nations.
Singapore PE fund in $600m deal to buy Next Media assets
A Singaporean private equity fund is part of a consortium looking to pay NT$17.5 billion ($600 million) for various Taiwanese media assets owned by Hong Kong-listed Next Media.
CVC-backed Nine avoids receivership as lenders reach agreement
Lenders to CVC Capital Partners-backed Nine Entertainment, the beleaguered Australian TV network, have reached an agreement to save the company from being put into administration.
IFC to anchor Fosun Pharma’s Hong Kong IPO
International Finance Corporation (IFC), the investment arm of the World Bank, is expected to anchor Shanghai Fosun Pharmaceutical’s Hong Kong IPO alongside Prudential Financial. The total cornerstone commitment is $75 million out of a targeted $600...
Australia’s Kaz Capital to launch venture fund
Australian boutique financial advisor Kaz Capital is planning a venture fund that will support small- and medium-sized enterprises (SMEs) in need of expansion capital. The company claims to have received conditional regulatory approval to establish an...
PE-backed Samhi invests in Accor-owned Indian hotel chain
Samhi Investments has acquired a 60% stake in Barque Hotels, the company that owns 15 Formule 1 hotels in India, from French hospitality group Accor.
China Private Equity restructures Australia securities platform investment
China Private Equity Investment Holdings (CPE), an AIM-listed vehicle that claims to offer European investors exposure to Chinese private equity without the limitations imposed by closed-end funds, has restructured its investment in Australian online...
TPG, Affinity-backed UTAC seeks to refinance debt – report
United Test & Assembly Center (UTAC), the Singapore precision engineering firm owned by TPG Capital and Affinity Equity Partners, is said to be seeking to refinance a portion of its debt through a $600 million bond issue.