News
PTC India, Ashmore end fund alliance
PTC India has ended its partnership with UK-based emerging markets investor Ashmore Investment Management in the $1 billion PTC Ashmore India Energy Infrastructure Fund.
India VC player Helion closes third fund at $255m
Helion Venture Partners has closed its third fund at just over $255 million, over $45 million more than for its previous vehicle, which closed in March 2008. The successful fundraise, which attracted commitments from pension funds, endowments, foundations,...
KNOC backs Apollo-led purchase of US oil assets
Korea National Oil Corp. (KNOC) will join a consortium led by Apollo Global Management that has agreed to buy US-based El Paso’s oil and gas exploration business for $7.15 billion. The assets are being sold by Kinder Morgan as part of its $21 billion...
Nominations are open for the 2012 AVCJ China Awards
As the industry's premier information source, AVCJ tasks itself with highlighting the firms, professionals and deals that are a cut above the rest. We do this on a weekly basis in print and on an annual basis through our awards. As such, we are proud...
MSPE Asia invests $300m in China’s Tianhe Chemicals
Morgan Stanley Private Equity Asia (MSPE Asia) has invested $300 million in China’s Tianhe Chemicals Group and created a strategic partnership with the specialty chemicals company in order to aid its expansion overseas. It is the largest single investment...
PE firms to invest in Super Religare Laboratories
Super Religare Laboratories (SRL), a pathology laboratory network in India, is likely to receive commitments from two private equity firms for its 15-20% stake sale.
PremjiInvest invests $24m in India’s Trent
PremjiInvest, the private equity vehicle backed by Wipro Group chairman Azim Premji, has channeled INR1.2 billion ($24 million) into Trent, the retail arm of Indian conglomerate Tata Group.
Helmsman Capital seeks $211m for third fund - update
Helmsman Capital is currently seeking A$200 million ($211 million) for its third vehicle, Helmsman Capital Fund III.
Fubon linked to buyout of Carlyle-backed Ta Chong
Fubon Financial, parent of Taiwan’s second largest life insurance firm, has announced plans to acquire a bank, prompting speculation that mid-sized Taiwanese lender Ta Chong Bank is the target.
Valar Ventures unveils $32m NZ fund
Valar Ventures, the venture capital firm run by PayPal co-founder Peter Thiel, has raised NZ$40 million ($32 million) for a vehicle launched in partnership with the New Zealand Venture Investment Fund (NZVIF).
Carlyle reinitiates AvanStrate IPO
The Carlyle Group has re-initiated proceedings to list Japanese LCD glass manufacturer AvanStrate, thanks to improved stock market conditions in Japan.
Lunar Capital gets 60% stake in Chinese beverage brand
Lunar Capital Management has acquired a majority interest in Sichuan Zhiqiang Group, an integrated food manufacturer located in western China, in a deal worth up to $50 million.
Baird: State rule changes fuel foreign PE interest
Government rule changes have increased the interest by foreign private equity firms in China, according to a report published this week by investment banking firm Robert W. Baird.
Dubow rejoins A&M as co-head of Asia
Alvarez & Marsal (A&M), an independent global services firm specializing in performance improvement, turnaround management and business advisory services, has appointed James Dubow as a managing director and co-head of Asia.
Nereus Capital raises $250m Indian clean energy fund
Nereus Capital, an alternative asset manager focused on renewable power generation and clean technologies, is raising a $250 million clean energy fund, of which $20 million will be contributed by the International Finance Corporation (IFC).
Helmsman Capital seeks $211m for third fund
Helmsman Capital is currently seeking A$200 million ($211 million) for its third vehicle, Helmsman Capital Fund III.
Templeton to roll out $300m emerging markets fund
Franklin Templeton is planning to raise $300 million for its fourth emerging markets private equity fund. The fund will provide growth capital to companies in global developing markets.
IFC invests $25m in Indian water treatment company
International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, will invest between $18 million and $25 million in Ahmedabad-based Doshion, a water treatment company.
Cowin Capital rolls out new VC Fund
Shenzhen-based Cowin Capital has announced the establishment of a new venture capital fund to target early- and medium-stage investments. The fund size will be no more than RMB300 million ($47 million).
Reliance Communications files for Singapore IPO
The undersea cable unit of Reliance Communications has applied to list in Singapore, in a move that could raise $1-1.5 billion to help its parent company to offload its heavy debt.
Blue Sky boosts Alcidion with $2.8m - report
Listed fund manager Blue Sky Alternative Investments has funneled A$2.6 million ($2.8 million) of capital into Australian health informatics firm Alcidion.
F&H invests in Wise Entertainment
F&H Fund Management has invested in Singapore's Wise Entertainment - a company named after the city state's twin composers and music producers Lee Wei Song and Lee Si Song (Wei) and (Si).
WestSummit backs China's Union Optech
China-based technology investor WestSummit Capital has led a funding round for Chinese optical lens provider Union Optech.
Fidelity to launch its biggest China VC fund
Fidelity Investments is planning to launch its biggest Chinese venture capital fund next year, worth at least $250 million.