News
Chinese accessory chain Aiyaya obtains $16m from Fortune Capital
Chinese accessory chain Aiyaya has received RMB100 million ($16 million) from Fortune Venture Capital in what could be the largest investment in the domestic accessory industry.
SOEs drive China's overseas investments
China’s outbound investment jumped in the first quarter to $21.4 billion as state-owned enterprises (SOEs) leveled up their hunt for overseas resources and energy companies.
Nanostart ups stake in MINT
Nanostart Asia Pacific has increased its stake in Singaporean cleantech firm Membrane Instruments and Technologies (MINT) from 18% to 28%.
Blackstone gets co-investment rights in HK hedge fund
Private equity giant Blackstone Group has upped its exposure to Asia-focused hedge fund Senrigan Capital. By injecting a further $50 million into the vehicle, it will be able to co-invest with Senrigan on a number of projects.
Ontario Teachers win Kyobo Life stake - update
Canada's Ontario Teachers Pension Plan has become the preferred bidder for a stake in Kyobo Life Insurance edging out other interested party, Affinity Equity Partners. Contrary to earlier media reports, the pension fund did not team up with existing shareholder...
Morgan Stanley in talks to buy Lanco's road assets
Morgan Stanley Infrastructure Partners, a $4-billion global infrastructure fund, is in early discussions with Lanco Infratech to buy its 401km of highway projects.
AMP Capital makes clean energy investment in India
The AMP Capital Asian Giants Infrastructure Fund (AGIF) has bought a minority stake in Indian clean energy company Shalivahana Green Energy (SGEL) for almost $29 million.
PE-backed Chinese phone maker Xiaomi to get new funding
Chinese smartphone maker Xiaomi Technology is nearing the closing of a fundraising round that will value the company at $4 billion. The news comes after IDG Capital, Temasek Holdings and Qualcomm reportedly participated in a $90 million B-round of funding...
Partners Group invests in Thai wind energy project
Partners Group continues its foray into direct investment with an investment into Wind Energy, a Thai company that provides utility-scale wind farms. Other investors in the project are corporates including Chubu Electric Power Company, Ratchaburi Electric...
Russia-China fund to target $200m forestry deal
The $4 billion investment fund set up by Russia and China is going to make its maiden investment in a Russian forestry company. The transaction is likely to happen in the next month.
Cooley hires two in Shanghai office
US-based Cooley announced on Wednesday the additions to its Shanghai office of Christina Zhang and Benjamin Qiu as partner and associate respectively, in a move to expand the law firm’s footprint into China.
Hero MotoCorp to merge with Bain, GIC-backed investment arm
Hero MotoCorp, India's largest two-wheeled vehicle manufacturer, approved a proposal to merge the investment arm of its parent company - Hero Investments - into the automaker. Private-equity funds Bain Capital and the Government of Singapore Investment...
Insecticides India in talks with PE firms
Insecticides India is in talks with private equity investors to raise INR700 million ($12.6 million) to INR1 billion for its business expansion, which will dilute a part of its promoter’s equity.
Tiger Global and SAIF boost Zovi with $10m
Venture capital firms Tiger Global and SAIF Partners have invested $10 million as part of a Series B round of funding for Indian online private label retailer Zovi.com.
Carlyle, Apollo miss out as Brambles cancels $2b asset sale
ASX-listed Brambles has announced that it has canceled it plans to raise cash by selling Recall, its information management business. The 10-month process was called to a halt because of low offers from potential buyers, which included a number of private...
Orrick adds two partners to M&A and PE practice
Is the Chinese economy headed for a slowdown or will there be a quick recovery for the world’s second largest economy? Whatever the outcome, it seems like it is business as usual at legal adviser Orrick, Herrington & Sutcliffe, which recently hired...
Hawkesbridge backs Colemans
Australian private equity firm Hawkesbridge has acquired a stake in Australian fencing infrastructure firm the Colemans Group.
Blackstone, Morgan Stanley buy Lloyds Australia loans for $621m - report
Blackstone and Morgan Stanley have bought 34% of a A$1.9 billion portfolio of distressed property loans for A$640 million ($621 million), from a unit of Lloyds Banking Group in Australia.
Unison Capital seeks buyer for sushi chain - report
Japanese private equity firm Unison Capital is searching for a buyer for its sushi restaurant chain Akindo Sushiro. If the transaction goes through, it could be worth as much as JPY70 billion ($893 million) and represent one of the largest private equity...
GSR closes $133m later-stage fund
VC firm GSR Ventures has closed its GSR Opportunities IV fund on $133 million. The vehicle will give existing LPs in GSR’s first four funds the chance to invest in follow-on rounds with top-performing investee companies.
Navis puts Nirula’s on the block - report
Malaysia-based private equity firm Navis Capital Partners is said to be in discussions with an individual about a sale of its Indian restaurant chain, Nirula's Corner House, for INR1.5 billion ($27 million).
Warburg Pincus finalizes $125m Future Capital deal
Warburg Pincus has reportedly agreed to buy a majority stake in India's Future Capital Holdings (FCH), the financial services unit of the Future Group, for $100-125 million.
LPs raise concerns over GPs’ ability to bring good returns - AVCJ China Forum
One of the key issues in China’s private equity space is whether GPs can maintain the robust returns they made in their previous investments amid quieter IPO markets and tightening regulations. LPs who participated in AVCJ China Forum 2012 continue...
CIC loses two more executives
China Investment Corp. (CIC), the $400 billion sovereign wealth fund, continues to see team volatility with the resignation of two more executives in recent weeks.