News
IDFC PE invests $28.7m in Indian dairy firm
IDFC Private Equity has invested INR1.55 billion ($28.7 million) in Parag Milk Foods in what could be one of the largest PE transactions in the Indian dairy sector. The proceeds will facilitate a partial exit to Motilal Oswal Private Equity, which invested...
MGPA acquires Australian property for $110m
MGPA, a private equity real estate investment firm, has acquired a property of retail and office spaces located in Sydney, Australia, for A$105.1 million ($110 million).
Blackpeak adds PE guru to board
Risk advisory firm Blackpeak Group has appointed private equity investor and advisor Göran L. Seifert to its board. Seifert previously served as a member of British PE firm 3i Group's non-executive director program in Asia.
Warburg Pincus sells extra 4.2% of Moser Baer
Warburg Pincus has offloaded almost half of its remaining shares in listed optical media products maker Moser Baer India through open market transactions, reportedly at a substantial loss.
Tsinghua’s TEEC raises $1.4m for US-China angel fund
Tsinghua Entrepreneurs & Executive Club (TEEC), a group set up by VC-oriented alumni of China’s Tsinghua University, has raised $1.4 million for its second angel investment fund. The vehicle launched in June and has a final target of $8 million.
VC specialist Wilson Sonsini expands Hong Kong presence
Wilson Sonsini, a Silicon Valley-based law firm with strong ties to the venture capital industry, has added a Hong Kong law capability to its China offering and hired a new partner to build out its operations in the territory. Khoon Jin Tan will work...
Asia, Middle East investor group buys 10% stake in CVC
A group of investors has purchased a 10% stake in CVC Capital Partners as the private equity firm seeks to deepen ties with existing LPs, potentially making it easier to raise capital for future funds. It follows moves by TPG Capital and Apax Partners...
L Capital Asia in talks to back India’s Kingdom of Dreams – report
LVMH Group's private equity investment arm L Capital is reportedly investing around INR2 billion ($37 million) in The Great India Nautanki Company (GINC), which runs the Gurgaon-based Kingdom of Dreams, an entertainment destination designed to play host...
Blue Sky makes new executive appointment
Blue Sky Alternative Investments has hired Lachlan McMurdo from Bain & Company as investment manager of the private equity division. He will be responsible for the company’s existing portfolio, as well as covering rapidly growing SMEs across sectors...
CVC, RBS raise $286m in Samsonite sell-down - report
CVC and Royal Bank of Scotland (RBS) have reportedly sold a combined 153.6 million shares in Hong Kong-listed Samsonite International, the world’s biggest travel luggage company, for HK$2.22 billion ($286 million). The deal accounted for roughly 10%...
Affinity launches $3.5b pan-Asia fund - report
Affinity Equity Partners is reportedly looking to raise up to $3.5 million for a new pan-regional vehicle. The firm – which was founded by former UBS Asia chairman KY Tang – has given MVision the mandate as placement agent.
Motilal Oswal PE invests in Indian realty project
Motilal Oswal Private Equity Advisors has teamed up with two real estate firms - Supreme Universal and the Mirchandani Group – to invest INR600 million ($11 million) in an Indian realty project.
Blackstone ups Financial Technologies stake to 6%
The Blackstone Group has increased its stake in financial services company Financial Technologies India to more than 6% through open market transactions.
Quay poaches Reed from Pantheon for US
Australian private equity fund-of-funds and advisory firm Quay Partners has hired Jeffrey Reed from Pantheon Ventures, the UK fund-of-funds, to help manage its US operations in San Francisco.
NBC Capital sells Fenix Fitness Clubs for $64m
NBC Capital has sold its Australian health club chain Fenix Fitness Clubs to Ardent Leisure Group for A$60.9 million ($64 million).
Goldman, Temasek to part-exit Bharti Infratel via $1b IPO
Goldman Sachs, Temasek and Nomura are among the investors planning to offload part of their shareholdings in the mobile phone tower unit of Bharti Infratel, the Indian telecoms infrastructure subsidiary of Bharti Airtel, which has filed for an IPO.
CVCI achieves 2x return on Chinfon Vietnam exit
Citi Venture Capital International (CVCI) has achieved a return of 2x on its exit from Chinfon Vietnam, after holding the company for four years.
Capstone Partners opens office in Asia
Placement agent Capstone Partners has opened its maiden Asia office in Singapore. Two senior executives - Alexandre Schmitz and Teena Jilka – were hired to lead the firm’s operations.
Creation Investments leads $6.4m Sonata Finance round
Sonata Finance, an Indian microfinance institution (MFI), has raised INR350 million ($6.4 million) in a Series D financing round led by Chicago-based Creation Investments. Promoter Anup Kumar Singh and two existing investors in the company - family office...
MBK targets $2.25b for fund III
MBK Partners has launched its third buyout fund with a target of $2.25 billion, AVCJ has been told. It is the latest in a string of large-cap pan-regional funds to enter the market, joining the likes of KKR, TPG Capital, The Carlyle Group and RRJ Capital.
Yahoo Japan launches VC fund - report
Yahoo Japan has joined the corporate venture capital club by launching a JPY1 billion ($12.8 million) fund. It will principally target start-ups in the smart phone, internet advertising and cloud computing spaces.
India’s DesiCrew raises $1.3m from VC players
DesiCrew Solution, a rural business process outsourcing (BPO) service provider, has raised INR70 million ($1.3 million) in a Series B round from social investment manager responsAbility and Ventureast Fund Advisors India. The capital was channeled through...
Carlyle offers LPs quick exit route from Asia fund
The Carlyle Group has introduced a liquidity mechanism for its latest Asia buyout fund that facilitates the exit of LPs that want to sell their positions in the vehicle, industry participants tell AVCJ. The private equity firm has used a similar mechanism...
Goldman rejects hedge funds’ Nine restructuring plan
Goldman Sachs has rejected a counter-proposal from hedge funds Oaktree Capital and Apollo Global Management for restructuring Nine Entertainment, the Australian media company owned by CVC Capital Partners.