News
Touchmedia secures new round of VC financing
Chinese marketing platform Touchmedia has completed its latest round of financing, led by affiliates of the company's CEO along with new and existing VC backers. Qiming Venture Partners, TLC Capital and Mustang Ventures are among the existing investors...
Thomas Cook plans to sell its Indian arm
Thomas Cook has initiated a process to sell its 77% stake in Thomas Cook India, a transaction intended to bring down its debt up to GBP890 million ($1.4 billion). Several Private equity investors are said to be potential suitors.
Masdar to invest in Chinese fuel cells and water treatment
Masdar Capital, the private equity arm of renewable energy firm Masdar, is said to be looking for opportunities to invest in the fuel cells and water treatment spaces in China.
Temasek sells $300m ICICI Bank stake
Temasek Holdings, Singapore’s second-largest sovereign wealth fund has sold a 1.4% stake in ICICI Bank for INR14.7 billion ($299 million), reducing its shareholding in India’s biggest private bank to 2%.
CIC, Sinopec commit $300m to Sunshine Oilsands IPO
China Investment Corp (CIC) and China Petrochemical Corp. (Sinopec) are among three cornerstone investors to pledge $350 million to Sunshine Oilsands' Hong Kong listing. The news comes a few days after the company said it would postpone its IPO to allow...
Australian private equity continues to outperform stocks
Australian private equity continues to outperform the country’s stock markets, according to a research demonstrated by the Australian Venture Capital Association (AVCAL).
Actis launches tool to assess impact of energy investments
Emerging markets private equity firm Actis has unveiled a tool for assessing the sustainability of its energy investments. It aims to capture the key drivers that build value and pinpoint where improvements could be made.
TPG, Bain in talks to invest $50m in Parag Milk - sources
TPG Capital India and Bain Capital are said to be in advanced talks with India’s Parag Milk Foods about purchasing $50 million worth of shares in the dairy products manufacturer.
Verlinvest acquires 20% of Everstone’s restaurant business
Family office Verlinvest, has acquired a 20% stake in Cuisine Asia, a Mauritius-based holding company set up by Everstone Capital to manage its food and beverage assets.
Elara Capital to launch India-focused healthcare fund
Elara Capital, a UK-based financial services company, is in talks with a counterpart in Dubai with a view to launching a private equity fund that will target healthcare investments in Asia and Africa. India will be a particular area of focus given Elara’s...
CIC-backed EIG shuns US to pursue Hong Kong listing
EIG Global Energy Partners, the US-based energy sector specialist, will delist its investment vehicle from Goldman Sachs’ electronic platform and list in Hong Kong.
Yahoo chairman to step down, future of Asian assets unresolved
Yahoo is replacing its chairman and three other directors as it continues to restructure its business, a process that includes the potential spin-out of its Asia-based assets to a consortium comprising Alibaba Group, Softbank and some private equity players.
Beacon India acquires 1.3% stake in PE-backed construction firm
Beacon India Private Equity Fund, a $200 Million Indian growth capital vehicle, has acquired a 1.3% stake in NCC, a listed construction and infrastructure enterprise backed by The Blackstone Group and ChrysCapital Advisors. The transaction is worth INR216.4...
Sun Media, Harvest Fund to create $800m media fund
Chinese television production firm Sun Media Group has teamed up with Harvest Fund Management to create an $800 million private equity fund that will back local movies.
MCap, IDFC invest $20m in ReGen Powertech
Subbu Subramaniam, who spun out from Baring Private Equity Partners India three years ago to form MCap Fund Advisors, has backed ReGen Powertech in his first pure private equity deal. MCap’s previous investments were PIPE deals for companies including...
Yawadwipa targets $750m buyout of Indonesia’s Bank Mutiara
Yawadwipa, the startup Indonesia-focused merchant banking operation that recently unveiled plans for a $1 billion private equity fund, has express an interest in acquiring state-owned PT Bank Mutiara for around $750 million. The price is based on the...
CalSTRS commits $500m to IFM’s infrastructure fund
California State Teachers’ Retirement System (CalSTRS) has committed $500 million to Australia-based fund-of-funds Industry Funds Management (IFM). The capital will be placed in the firm’s Global Infrastructure Fund, which principally targets assets...
Sun-Apollo invests $15m in Indian housing project
Sun-Apollo India Real Estate Fund has invested INR750 million ($15 million) for a 49% stake in a housing project run by real estate developer Assotech in Gurgaon, India.
PEP conducts due diligence on Spotless
Australia’s Spotless Group has done an about-turn and allowed Pacific Equity Partners (PEP) to conduct due diligence into the cleaning services company. This comes despite the firm previously saying it would only open its books to PEP if it increased...
Sunshine Oilsands postpones Hong Kong IPO roadshow
Sunshine Oilsands, a Canadian oil exploration company backed by Hong Kong private equity firm Cross-Strait Common Development Fund as well as several Chinese state-owned enterprises (SOEs), is postponing its IPO roadshow to sometime next week.
IndiaHomes secures $4 million from existing VC backers
IndiaHomes, a Delhi-based property services company, has received $4 million from existing venture capital backers. The firm is seeking to raise another $6 million in the coming fiscal year.
PICC rolls out $158m industrial fund
The People's Insurance Company of China is reportedly setting up an industrial fund - the name of which suggests it will focus on the defense sector - worth RMB1 billion ($158 million) under its affiliate PICC Capital Investment Management.
BC Partners replaces Fitness First management team
BC Partners has axed the core management team of Fitness First in a bid to prevent its portfolio company sinking under the weight of its high-interest loans.
Lightspeed nears close of $200m China fund
Lightspeed Venture Partners is reportedly nearing a final close of a $200 million China fund, coming after it recently said it was seeking $675million for its new global vehicle.