News
Oz law firm appoints PE expert
Australian law firm Corrs Chambers Westgarth has hired private equity lawyer Philip Kapp to be a senior partner. Kapp claims to have been involved in almost every major Australian PE deal since 2000.
IndoUS Ventures backs online furniture retailer
IndoUS Venture Partners has invested $1 million in UrbanLadder.com, an Indian online furniture store run by Bangalore-based Descasa Decor Online. The company will use the capital to enhance its technology and customer service infrastructure.
Tata Capital in talks with PFC to launch $1b PE fund
Tata Capital is reportedly in talks with India’s Power Finance Corporation (PFC) to launch a $1 billion private equity energy fund. The private equity player will own 49% of the joint venture, with the remainder held by PFC. Around $300 million is expected...
India Innovation Fund invests in India’s iKen Solutions
India Innovation Fund (IIF) has invested in iKen Solutions, a research spin-off of The Indian Institute of Technology in Bombay. The investment will be used to scale up the company’s execution and commercialization capabilities.
Shareholder revolt at Actis-backed Halonix - report
Shareholders at halogen bulb and lamp manufacturer Halonix have reportedly complained to India’s market regulators that the company has violated the country’s Foreign Exchange Management Act.
Armstrong announces first close of cleantech fund on $65m
Singapore-based clean energy investor Armstrong Asset Management has announced a first close on $65 million for its maiden fund, which will focus on clean energy projects across Southeast Asia.
PE-backed hiSoft merges with VanceInfo
hiSoft Technology International, a major China-based company backed by investors including Wellington Management, Crosslink Capital and HarbourVest Partners has merged with VanceInfo Technologies.
Warburg forms JV to restructure Titan subsidiary
Warburg Pincus has formed a joint venture with SouthernPec Corporation as part of a restructuring proposal to the liquidators of Titan Group Investment Limited (TGIL), a business jointly owned by Warburg Pincus’ affiliate Saturn Storage and Hong Kong-listed...
Yimou Zhang sets up $315m personal film fund - report
Leading Chinese filmmaker Yimou Zhang has reportedly been raising a private equity fund with Kunhong Media, a private investment manager focusing on the entertainment industry, in the last six months. The target size of the fund is RMB2 billion ($315...
StanChart PE invests $15m in IFC-backed Craftsman Auto
Standard Chartered Private Equity (SCPE) has invested INR850 million ($15.4 million) for a minority stake in Craftsman Automation, a Coimbatore-based multi-product engineering company. Craftsman Automation will use the money to expand its manufacturing...
Equis invests $200m in Thai solar assets
Singapore-based infrastructure GP Equis Funds Group has reportedly channeled $200 million into acquiring 100% of a portfolio of solar energy assets in Thailand.
GLOBIS establishes Singapore subsidiary
GLOBIS, the Japanese venture capital firm, has established Globis Singapore, a subsidiary that will provide companies with management training and organizational development solutions.
Chinese investors sign DreamWorks JV
Media fund China Media Capital, investment company Shanghai Alliance Investment Co and media conglomerate Shanghai Media Group have established a joint venture with American film studio DreamWorks.
Mercatus invests in India’s PurpleStream Convergence
PurpleStream Convergence, a Chennai-based video streaming services provider, has raised funding from Mercatus Capital and content producer Hub Media.
China oil trader agrees to buy control of Warburg-sued Titan
China's Guangdong Zhenrong Energy, an oil and commodity trader partly owned by state-run Zhuhai Zhenrong Corp, has agreed to pay HK$175 million ($22.57 million) for a controlling stake in Hong Kong-listed Titan Petrochemicals, a debt-laden shipping and...
Daewoo to sell $1.1b Kyobo Life stake to Affinity-led PE group
A group of investors led by Affinity Equity is buying a KRW1.2 trillion ($1.1 billion) stake in unlisted Kyobo Life Insurance, the smallest of South Korea’s Big Three life insurers, from Posco-owned Daewoo International.
Asia’s first secondary real estate trading platform launches
Asia Pacific’s first trading platform for buyers and sellers of secondary interests in real estate funds was launched this week by Jones Lang LaSalle.
Taiwan’s PharmaEngine signs Asia deal with VC-backed Nanobiotix
Taiwanese biopharmaceutical company PharmaEngine has agreed to form a strategic partnership with VC-backed Nanobiotix, to hasten the development of one of the French nanomedicine firm’s products.
PE a key focus for institutions investing in Asia – survey
Institutions investing in Asia plan to make private equity and other alternative assets a key focus, according to a new survey.
Accura Infotech in talks to raise $36m from PE firms
Mumbai-based Accura Infotech, which installs automated teller machines (ATMs), is in advanced talks with private equity investors to raise up to INR2 billion ($36 million) to set up and operate ATMs for public sector banks in Uttar Pradesh. The company...
Asia Alternatives raises $1.5b, closes third fund
Asia Alternatives has raised $1.5 billion to invest in private equity and venture capital across Asia. The corpus is divided between $908 million for its Asia Alternatives Capital Partners III vehicle and another $600 million in separate accounts. This...
Daewoo to set up $1b fund with US partner
South Korean brokerage Daewoo Securities’ Hong Kong unit has reportedly teamed up with a US-based private equity firm to set up a $1 billion fund to invest in social infrastructure projects.
Dechert nabs PE lawyer David Cho from Orrick
A lawyer specializing in private equity and M&A has been poached from Orrick, Herrington & Sutcliffe by rival law firm Dechert. Formerly a partner at Orrick, David K Cho will now be a partner in Dechert’s Corporate and Securities practice at its Hong...
VC fund to help restore Australia’s Olympic dominance
The chairman of a body that introduces sports technology businesses to the commercial market is reportedly attempting to raise A$60 million ($63 million) for a venture capital fund designed to help restore Australia’s dominance in the Olympic Games.