News
Burger King teams up with Cartesian to expand in China
Burger King is teaming up with New York-based Cartesian Capital and members of Turkey's Kurdoglu family to form a China joint venture that will open 1,000 restaurants nationwide in the next 5-7 years.
Hopu sells 6% stake in Chinese dairy firm Mengniu
Hopu Investment Management has sold its 6% stake in Hong Kong-listed Chinese daiy company China Mengniu Dairy for DKK1.7 billion ($289 million) to Denmark's Arla Foods.
OneVentures backs Paloma Mobile with $1.5m
Australia-focused venture capital firm OneVentures has led a $1.5 million Series A round of funding for Paloma Mobile, a developer of smartphone services for emerging markets.
PE firms plan AsiaInfo bids – report
Silver Lake, TPG Capital and Primavera Capital are said to be among the PE firms that have expressed an interest in AsiaInfo-Linkage, the US-listed telecoms software manufacturer that is subject to a buyout offer from CITIC Capital.
Indonesian pay-TV operator targets $260m IPO
PT MNC Skyvision has reduced the fundraising expectations for its IPO this summer from $400 million to $260 million. Saban Capital Group was previously reported to have expressed interest in becoming an anchor investor.
Cathay Life Insurance invests $30m in KKR’s Asian fund
Cathay Life Insurance has committed $30 million to KKR’s second pan-Asian fund, which has a target of $6 billion. Cathay Financial Holding, the Taiwan insurer’s parent company, announced the investment in a stock exchange filing dated June 11.
Serasi’s Veronica John joins Mekong Capital
Veronica John, founder of Serasi Capital and formerly CEO of IDFC Capital, has joined Mekong Capital as a senior advisor. She is responsible for various aspects of the Vietnam-focused GP’s operations, including investments, fundraising and private equity...
Boris Bong leaves Squadron Capital for J.P. Morgan
Boris Bong, a managing director at Hong Kong-based fund-of-funds Squadron Capital, has left the company. He is joining J.P. Morgan Asset Management’s private equity group, also as a managing director.
SpiceJet in talks with private equity giants - report
Budget airline SpiceJet is planning to raise capital from private equity investors including KKR, The Blackstone Group and Bain Capital, as well as other foreign airlines.
Fosun forms strategic collaboration with Denmark's Axcel
Fosun International, the investment arm of Chinese conglomerate Fosun Group, has announced a strategic collaboration with Danish private equity fund Axcel, in a move to identify business opportunities in both China and Europe. The agreement is expected...
Accion, Pragati India boost Saija Finance with $4m
Accion and Pragati India Fund have invested $4.5 million in Indian microfinance company Saija Finance. The funding will enable the firm to make acquisitions.
PE firms consider bid for Australian packaging firm – report
The Blackstone Group, KKR and The Carlyle Group are said to be in talks with banks over a bid for Australian packaging company Pact. The deal could value the firm at as much as $1.4 billion.
Kaizen injects $4m in Indian childcare provider
Education-focused PE firm Kaizen Management Advisors has invested INR200 million ($4 million) in Indian childcare services provider Your Kids ‘R’ Our Kids (YKROK).
Sony increases take in PE-backed India subsidiary
Sony Pictures Television, the international television production and distribution arm of Sony, has increased its stake in Indian subsidiary Multi Screen Media (MSM), which is also backed by private equity investor Capital International. Sony has agreed...
LaSalle Investment to raise $700m Asia property fund
LaSalle Investment Management, a unit of Chicago-based Jones Lang LaSalle, is seeking to raise $700 million for an Asia Pacific property fund.
Fortis raises $66m from Jacob Ballas, IFC for Super Religare
Bangalore-based Fortis Healthcare has reached agreements with Jacob Ballas Capital and the International Finance Corporation (IFC) to raise INR3.7 billion ($66.4 million) for its diagnostics unit Super Religare Laboratories (SRL).
Lilly ups stake in Chinese pharma firm
Lilly Asian Ventures, the venture capital arm of pharmaceutical giant Eli Lilly & Co., has injected an additional $20 million of capital into existing portfolio company Novast.
Blackrock hires Asia Pacific vice-chair
BlackRock has hired Philipp Hildebrand as vice chairman for Asia Pacific and EMEA. He will oversee the firm’s largest institutional client relationships in these regions.
SK Group raises fund to support struggling firms
Korea’s SK Group has created a KRW100 billion ($85 million) private equity fund intended to promote shared growth with smaller partner companies. Rather than offer loans to suppliers, the fund will invest directly in competitive firms that are struggling...
Temasek buys stake in Asia-focused Ivanhoe Mines
Temasek Holdings has purchased a 5.5% stake in Canada’s Ivanhoe Mines, a move seen as part of ongoing efforts to increase the natural resources share of its portfolio. The transaction was channeled through Tembusu Capital, a private equity firm affiliated...
Palatine-backed Air Energi bolts on Indonesia’s Satoil
Air Energi, a portfolio company of Palatine Private Equity, has purchased the technical consulting and professional manpower division of Indonesian oil services company Satoil.
Unitas invests $164m in Korean outdoor brand
Unitas Capital has injected KRW190 billion ($162.4 million) into NEPA, a Korean outdoor apparel and equipment manufacturer and retailer, through a capital increase.
Schwartz rejoins Goldman Sachs to head Asia Pacific
Mark Schwartz, co-founder of Asia-focused New Silk Route and chairman of investment firm MissionPoint Capital Partners, has been appointed head of Goldman Sachs' Asia Pacific. He is returning to the bank after a hiatus of 11 years.
Lefei Liu resigns as chairman of CITIC Private Equity
Lefei Liu has resigned as chairman of CITIC Private Equity, although he will remain as CEO of the company, a person familiar with the development told AVCJ. The change is expected to have minimal impact on the day-to-day operations of the PE firm.