News
Walkers hires Thomas Granger to Singapore team
Offshore law firm Walkers is relocating Hong Kong-based partner Thomas Granger to its Singapore office. Granger has more than 10 years’ experience in corporate work, particularly investment funds and private equity.
Goldman, KKR in talks with Chinese firm over Kion stake sale
Goldman Sachs and KKR are said to be in talks with Shandong Heavy Industry about selling a 25% stake in German forklift truck manufacturer Kion Group.
KKR says it has no plans for India credit fund
KKR has talked down reports that it is preparing to raise an India-focused debt fund. While interested in pursuing India credit opportunities, the private equity firm currently has no plans to launch a specific vehicle in this space.
Mandarin Capital nears $627m first close for second fund
Sino-European private equity firm Mandarin Capital Partners is nearing a EUR500 million ($627 million) first close for its second fund. The vehicle is expected to reach a final close of EUR1 billion in the second half of 2013.
Qatar buys 22% stake in CITIC Capital
CITIC Capital said on Wednesday that a unit of Qatar's sovereign wealth fund - Qatar Holding - has subscribed for new shares in CITIC Capital, equivalent to a 22.22% stake in the company.
Carlyle sees rare scale opportunity in Meinian Onehealth
The Carlyle Group was drawn to China’s Meinian Onehealth because it represented one of few true nationwide healthcare services providers in a fragmented market.
India eases rules on entrepreneurs' post-IPO lock-up
India has altered rules concerning the lock-up on entrepreneurs’ shares post-IPO in order to make it easier for companies to list. This is expected to support companies that go through several stages of private equity funding.
SCPE pumps $45m into Indian cryogenics firm
Standard Chartered Private Equity (SCPE) has paid INR2.5 billion ($45 million) for a minority stake in Inox India, a major global manufacturer of cryogenic storage and transportation equipment.
Actis invests $40m in AGS Transact Technologies
Actis has invested $40 million in TPG-backed AGS Transact Technologies (AGS), one of the leading automatic teller machine (ATM) outsourcing and payments company in India.
SAIF-backed NVC Lighting hit by internal strife
NVC Lighting Technology Corp, a Hong Kong-listed lighting company backed by SAIF Partners, has been hit by a series of senior executives’ departures and employee strikes. The moves are part of an ongoing conflict between company management and the board...
Mekong exits toy maker Nam Hoa
Mekong Capital has completed the sale of its holding in Nam Hoa Production & Trading Corporation, a Vietnamese manufacturer of wooden toys for preschool children.
CIC, GIC boost RRJ-backed Cheniere's LNG plant with $1b
China Investment Corporation (CIC) and Government of Singapore Investment Corp (GIC) are each said to have invested around $500 million in the liquefied natural gas (LNG) plant of US-based Cheniere Energy. This comes after Asia-focused private equity...
GGV reaches final close at $625m on fourth fund
GGV has reached a final close on its fourth fund at $625 million. The US- and China-focused venture capital firm, formerly known as Granite Global Ventures, has added RMB650 million ($105 million) to the $520 million already raised from US investors....
Freemont backs Indian eco-products start-up
Freemont Partners has invested in Natural Mantra, an Indian online start-up that sells eco-conscious products. The size of the transaction was not disclosed.
SBI teams up with China's Yidian to launch PE Fund
SBI Holdings has partnered with China’s Yidian Holdings to launch a private equity fund that will invest in the technology, media and telecom (TMT) sector. The initial fundraising target is RMB400 million ($62.9 million).
GE, VC firms to back Australasia cleantech start-ups
General Electric (GE) has teamed up with five venture capital firms in Australia and New Zealand on a $10 million fund that will support the development of clean technology. It is the company’s first ever local “ecoimagination” challenge and entries are...
Actis invests in Sri Lanka's Asiri Central Hospitals
Actis has purchased a 10.8% stake in Sri Lanka’s Asiri Central Hospitals for LKR604 million ($4.5 million). The emerging markets-focused private equity firm acquired 2.4 million shares in the Colombo-listed company from Softlogic Holdings, Commercial...
NBA star Yao Ming steps into private equity - report
Yao Ming, China's former NBA star, has reportedly invested in two private equity funds since 2011. The funds are between them targeting about RMB6.6 billion ($1.1 billion).
KKR invests $30m in China apparel retailer Novo
KKR has invested $30 million in Novo, a fashion apparel retailer focused on the urban youth demographic in China.
Mercury Capital poaches Crescent investment director
Australian mid-market private equity firm Mercury Capital has reportedly hired Christopher Criddle, partner and investment director at rival firm Crescent Capital Partners.
Actis exits Dalmia Bharat Sugar & Industries - report
Actis is said to have exited its 5.5% stake in Dalmia Bharat Sugar & Industries - formerly Dalmia Cement Bharat - for INR82.7 million ($1.5 million).
PE exits in India down by 90% in second quarter - PwC
India private equity exits fell 89% year-on-year to just $108 million in the second quarter. This came from 12 transactions, down 33%, according to a report published by PricewaterhouseCoopers (PwC).
Australia's QIC to pick up Swedish PE interests - report
Queensland Investment Corporation (QIC) is reportedly set to buy almost 10% of a EUR1.5 billion ($1.9 billion) portfolio of private equity interests being sold by Swedish insurance group Länsförsäkringar.
KKR fund among AIFs to operate in India under new route
KKR’s India Alternate Credit Opportunities Fund is among seven alternative investment funds (AIFs) that have been approved by the Securities and Exchange Board of India (SEBI).