News
CHAMP buys oOh!media for $163m
CHAMP Private Equity has acquired Australian outdoor advertising firm oOh!media for A$163 million ($163 million), receiving unanimous approval from the company’s directors after failing to receive a higher bid.
Global PE firms make Asian appointments
The Asian arms of General Atlantic, Partners Group and Aureos Capital have announced a number of appointments ahead of the 2012 fiscal year.
KDB investment unit takes stake in US gas company
A private equity investment fund owned by Korea Development Bank (KDB) has paid $200 million for the gas business of US-based Apache Corp., an oil and gas specialist.
Haitong delays Hong Kong IPO - report
Chinese brokerage Haitong Securities has reportedly postponed its $1.7 billion Hong Kong IPO possibly until the first quarter of 2012, citing market volatility for the delay.
Australian lender sells debt in New Zealand media owner at a discount
A lender of Ironbridge Capital-owned MediaWorks, the New Zealand-based owner of TV and radio channels, is selling its NZ$70 million ($54.1 million) of senior debt in the asset for NZ$0.50 on the dollar.
Sequoia, Zhenfund team up to launch $30m VC fund
Sequoia Capital China and angel investor Zhenfund have teamed up to launch a RMB200 million ($30 million) venture fund, aimed at providing seed funding to start ups.
AMP Capital Investors divests 15% stake to Mitsubishi UFJ
AMP Capital Investors has divested a 15% stake in itself to Japan’s Mitsubishi UFJ for A$425 million ($433.5 million), coming as the Australian fund manager looks to break into Japan.
OneGate, Catalyst set up Sino-Israeli fund manager - report
Shanghai-based private equity fund OneGate Capital and Israel's Catalyst Investments have set up a fund manager called China Israel Technology Fund Management Company.
Greylock, Battery-backed Taggle closes down
Taggle, the Indian online retailer backed by Greylock Partners and Battery Ventures, closed its doors last week, reportedly squeezed out of the market due to competition.
CVC said to offer Nine's creditors second refinancing plan
CVC Asia Pacific has reportedly offered creditors another refinancing plan for the A$2.6 billion ($2.7 billion) of debt held by its Australian portfolio company, Nine Entertainment, coming after lenders rejected CVC’s proposal of granting the firm a...
New China Life places at bottom of pricing range in dual listing
New China Life Insurance, which is part-owned by several private equity firms, has priced at the bottom of its range to raise $1.9 billion in its dual Hong Kong and Shanghai listing, becoming the latest player to see disappointing results in Greater China.
Prudential, Woori in mix for Tong Yang stake - report
Trade players including US-based insurance major Prudential Financial and Korean financing services firm Woori Finance Holdings are reportedly considering bids for South Korea's Tong Yang Life Insurance, which is 60.7%-owned by Vogo Fund.
New Chinese rules clamp down on illegal fundraising
Illegal fundraising in China could soon be a thing of the past, as the country has issued its first national regulations for private equity and venture capital investment.
Pencarrow fund holds first close on $59m
New Zealand-based Pencarrow Private Equity has held a first close of its fourth private equity fund on NZ$77 million ($59 million).
KKR ups stake in Far East Horizon
KKR has upped its stake in Far East Horizon, a division of Chinese trading conglomerate Sinochem Group.
Shanghai announces initiatives to foster VC tech investment
Shanghai’s local government has unveiled a multi-tiered plan aimed at encouraging venture capital investment into early stage, locally based technology companies.
Bravia Capital eyes Kingfisher Airlines deal
Hong Kong-based private equity firm Bravia Capital is reportedly considering investing in debt-ridden Indian airline Kingfisher.
Oaktree, SVP consider Ferretti exit to Chinese trade buyer
Private equity groups Oaktree Capital and Strategic Value Partners (SVP) are considering exiting their shareholdings in Italian luxury yacht maker Ferretti to a Chinese trade buyer.
Hanhong PE buys Stonewall stake for $13m
China’s Hanhong Private Equity Investment Company has invested $13 million in Stonewall Mining, buying it a 19% stake in the South African gold miner.
Jacob Ballas plans to invest $150m into India next year
Managing director of India-focused Jacob Ballas Capital, Srinivas Chidambaram, confirmed to media that the firm plans to invest $150 million into the Indian market within the next year.
Nine's creditors reject debt restructure plan
The creditors of Australian media group Nine Entertainment have rejected a proposal to restructure the company’s A$2.6 billion ($2.59 billion) of senior debt, potentially jamming Nine’s private equity owner, CVC Asia Pacific, with nearly $2 billion...
Michael Chae: Blackstone to focus on China, Southeast Asia in 2012
Senior Managing Director and Head of Private Equity of Blackstone in Asia Pacific Michael Chae said that China and Southeast Asia will be the firm’s investment focus in 2012, referencing the consumer growth that the geographies are expected to see next...
Standard Chartered injects $30m in Ecoplast - report
Standard Chartered Private Equity (SCPE) has boosted Ecoplast Technologies, the world’s second largest manufacturer of starch-based bioplastics, with a $30 million cash injection.
IIF program to invest $102m in Australian venture
The Australian government has announced plans to provide venture capital funds with up to A$100 million ($102 million) of capital via its Innovation Investment Fund (IIF) program.