News
Alvarez & Marsal hires Harvey Packham as director
Advisory firm Alvarez & Marsal has taken on Harvey Packham as a director with its global forensic and dispute services (GFD) business in Beijing.
ChrysCapital reinvests $57m in Intas Pharmaceutical
ChrysCapital Partners is investing a further INR3 billion ($57 million) in Indian drugmaker Intas Pharmaceuticals ahead of the company’s upcoming initial public offering.
Navis takeover bid values SEGi at $360m
Navis Capital Partners has confirmed that it has made an unconditional takeover offer for Bursa Malaysia's main market-listed SEG International Berhad. The offer values the private tertiary education provider at MYR 1.1 billion ($360 million).
Mitsui & Co. Global Investment establishes Indian arm
Mitsui & Co. Global Investment, the private equity arm of Japanese conglomerate Mitsui & Co., has established an India operation in Mumbai.
Qiming invests $15 million in TutorGroup
Qiming Venture Partners has invested $15 million in Chinese online language tutoring company TutorGroup. The capital will be used to expand the company's service delivery capacity throughout the country.
India’s HomeShop18 targets $100m IPO in the US – report
HomeShop18, the online retail arm of Indian media group Network 18, is said to be readying a US IPO that could raise about $100 million. The company raised $26 million from SAIF Partners in two tranches between 2007 and 2008.
VC firms support Japan-US drug development alliance
Drais Pharmaceuticals, a US-based firm backed by InterWest Partners and Sutter Hill Ventures, will form a partnership with Japan’s Astellas Pharma to jointly develop a new line of drugs. Astellas has agreed to transfer assets to Drais-operated Telsar...
Advantage Partners has no plans for new fund – report
Advantage Partners told an investor meeting Wednesday that it has no immediate plans to launch a new fund even though the investment period for its existing vehicle is due to end in the summer.
ADIA hires Axa executive for emerging markets PE
Abu Dhabi Investment Authority (ADIA) has poached Axa Private Equity COO Christophe Florin to head up its emerging markets private equity team. He led Axa’s Asian operations between 2005 and 2008.
IVCA chief joins Avigo Capital - report
The president of the Indian Venture Capital Association (IVCA), Mahendra Swarup, has joined SME-focused mid-market firm Avigo Capital as a partner.
Sidbi raises $128m for India Opportunity Fund
Sidbi Venture Capital Fund is nearing the close of its India Opportunity Fund, having just received a commitment of INR6.7 billion ($128 million) from financial institutions.
UK’s Inflexion sets up portfolio teams in China, India
Inflexion Private Equity and MBO Partenaires have become the latest European PE players to set up teams in China and India to support the expansion of their portfolio companies.
Taiwan's GVT Fund leads Series E round in LED Engin
Taiwan-based GVT Fund, which is sponsored by Industrial Technology Investment Company, has led a Series E funding round in LED Engin, a California-based solid-state lighting company specializing in LED components and optics.
India’s VRL Logistics gets $33m from New Silk Route
VRL Logistics, a Karnataka-based logistics and transport company, has received an INR1.75 billion ($33 million) capital injection from New Silk Route (NSR). The investment comprises INR1.25 billion in new equity and INR500 million for a stake held by...
CIC gets a further $50b from Beijing
China Investment Corp. (CIC) has secured an additional $50 billion in capital from the government, having already received a $30 billion late last year.
Tan-EU Capital acquires Chinese retail site
SOTAN China Real Estate I, the $400 million fund co-managed by Hong Kong-based real estate private equity firm Tan-EU Capital, has made its first China investment.
China’s Bright Food denies Weetabix acquisition talks
China’s Bright Food Group has denied reports that it is in talks to buy Weetabix from private equity firm Lion Capital. Several media outlets have claimed that negotiations began several weeks ago over a deal that would value the UK-based cereal company...
New Silk Route invests in Vasudev Adiga’s Fast Food
New Silk Route (NSR) has made its second investment in India’s food and beverage sector, picking up a minority stake in Vasudev Adiga’s Fast Food, which runs a chain of south Indian restaurants. The capital comes from a $100 million allocation NSR...
PE-backed 1st Holdings sells stake to Salesforce.com
Advantage Partners-owned Japanese software maker 1st Holdings has received an investment from US-based enterprise cloud computing company Salesforce.com.
Spotless suspends shares ahead of news on PEP buyout bid
Spotless Group has suspended trading of its shares ahead of an announcement regarding Pacific Equity Partners’ (PEP) buyout offer for the cleaning services company. The private equity firm has reportedly improved its bid to A$745 million ($766.7 million)...
Global Environment Fund hires ex-IDFC PE chief Luis Miranda
Luis Miranda, founder of Infrastructure Development Finance Co’s (IDFC) private equity business, has joined Global Environment Fund (GEF) as a senior advisor. Based in Mumbai, Miranda will contribute to GEF’s private equity investments in India and...
Washington State Investment Board re-ups in FountainVest
Washington State Investment Board has committed $150 million to FountainVest China Growth Capital Fund II. FountainVest Partners, set up by former Temasek Holdings executives in 2007, raised $950 million for its first vehicle four years ago and is targeting...
HarbourVest to open Beijing office
HarbourVest Partners plans to open a Beijing office and has appointed Sally Shan to lead its operations in mainland China. Shan, who previously served as managing director and head of Asia technology investment banking at J.P. Morgan Securities Asia Pacific,...
CapVest exits United Coffee to Japan’s UCC
CapVest has sold United Coffee, one of Europe’s largest coffee companies, to Japanese trade buyer UCC Holdings for EUR500 million ($617 million).