News
Australia's ASX may join bid for PEP’s Link - report
Australia's bourse operator ASX may join the auction for Link Market services, the share registry owned by Pacific Equity Partners (PEP), in a deal that could be worth as much as $1.36 billion. If the transaction goes through, it would be Asia’s biggest...
KKR receives $225m from Oregon Investment Council
KKR has won a $225 million commitment from the Oregon Investment Council for its second Asia buyout fund. The buyout firm is currently raising around $6 billion for its KKR Asian Fund II, which will invest across the region.
CVC-owned Formula One delays Singapore IPO
CVC Capital Partners' portfolio company Formula One Group has delayed its $3 billion Singapore IPO due to choppy market conditions. It is the fifth major listing to be pulled or delayed in Asia over the past week alone.
SBI, FMO to launch $80m emerging Asia financial fund
Japan’s SBI Holdings and Netherlands Development Finance Company (FMO) will jointly roll out a new fund to invest in financial services across emerging Asia. The fund will have a target size of up to $80 million and is seeking a first close of $60 million....
International PE players say time is right for PIPE deals – AVCJ China Forum
International private equity players KKR and CVC believe that the current market has opened the doors for more PIPE deals in China.
Hony, KKR scoop major prizes at AVCJ China Awards
Hony Capital led the way at the 2012 AVCJ Private Equity & Venture Capital Awards China, retaining its title as Firm of the Year and claiming the prize for US dollar fundraising. David Liu, China head of KKR, was named Private Equity Professional of the...
CVCI boosts Wuttisak with $100m
Emerging markets fund manager Citi Venture Capital International (CVCI) Private Equity and Thai-focused private equity firm Thai Strategic Capital have acquired around 30% of Wuttisak Clinic Inter Group for almost $100 million.
Intel Capital injects $17m in Southeast Asian firms
Early-stage technology investor Intel Capital has invested a total of $17 million in Singapore-based Reebonz.com and Hanoi-based Vietnam Communications Corporation (VC Corp).
Unitas mulls buyout of PE-backed Infastech - report
Pan-Asia buyout fund Unitas Capital has expressed interest in bidding for Singapore-based Infastech, which has been put on the block by CVC Capital Partners and Standard Chartered Private Equity (SCPE).
Bain to target $6b for global fund
Bain Capital has set a target of $6 billion for its new global buyout vehicle, for which it plans to offer three fee options in a bid to attract a more diverse range of LPs.
Lone Star to pursue arbitration over KEB exit
Lone Star Funds plans to initiate arbitration proceedings against the South Korean government regarding its $3.5 billion exit of Korea Exchange Bank (KEB) to Hana Financial. The US private equity firm claims the government interfered with its rights as...
Actis loses Southeast Asia head
Gary Addison, head of Actis’ Singapore office, has reportedly resigned after four-and-a-half years with the firm. Formerly a partner with 3i Group in London, he moved to Singapore in 2009 to lead Actis’ Southeast Asia operations, replacing Alun Branigan.
Sequoia Capital raising $1b for funds – report
Sequoia Capital has reportedly hit the fundraising trail again, and plans to raise at least $1 billion for a series of funds, including a China-focused vehicle.
Apax, Darby in talks to invest in Kurlon
Buyout out house Apax Partners and Darby Overseas Investments are said to be in advanced talks to acquire a minority stake in Indian mattress manufacturer Kurlon.
GA sells Gavilon stake to Japan’s Marubeni
General Atlantic (GA) has sold its stake in US grain trader Gavilon to Japanese trading house Marubeni Corp, in a deal that values the company at an enterprise value of around $5.3 billion.
Australia offers residency for VC investors
The Australian government has announced plans to offer permanent residency to those who invest $5 million in domestic venture capital funds. It is expecting the most interest in the incentive to come from Asia – or more specifically, China.
Reliance Capital backs kitchen appliance manufacturer
Reliance Capital has acquired a 13.71% stake in Butterfly Gandhimathi Appliances for INR1 billion ($18 million) via its Reliance Alternative Investments Fund.
Goldman Sachs invests in Alok Industries, CORE Education
Goldman Sachs has invested in Indian real estate asset Alok Industries and education solutions provider CORE Education & Technologies through two PIPE transactions.
Australia’s NAB pulls out of private equity
National Australia Bank (NAB) is winding down its private equity unit a matter of months after the division suffered an A$25 million write-down on its investment in electronics retailer WOW Sight & Sound.
Reliance Infratel buyout on the rocks
The Carlyle Group and The Blackstone Group’s proposed buyout of Reliance Communications’ telecoms tower unit looks to be in a state of limbo as the Indian firm said the sale can only proceed following clarification from the regulatory authorities.
India's Voicetap to raise capital from venture capital
Voicetap, a technology startup focused on mobile-education, has received $1 million from private investors. It is also in talks with other venture capital funds in the US, Singapore and India to raise $7 million over the next few months.
Baring-backed Yongda abandons Hong Kong IPO
China Yongda Automobile Services, the leading BMW dealership in China, has shelved its $433 million Hong Kong IPO due to weak equities markets. It is the biggest listing to be withdrawn in Asia this year.
Apollo, ICICI Venture near $350m first close on distressed fund
Apollo Global Management and ICICI Venture are close to raising $350 million to invest in Indian distressed assets. The size of vehicle is expected to reach $750 million eventually.
China encourages private investment in banking sector
China will allow private capital to invest in banks on an equal footing to other forms of capital. The move, which in theory will see substantial barriers to PE involvement in the industry, comes as the government opens up certain state-controlled and...