News
Warburg Pincus to buy $210m Haitong shares
Warburg Pincus Private Equity has agreed to buy $210 million worth of Haitong shares, thus becoming a cornerstone investor in the Chinese brokerage’s Hong Kong IPO.
Blackstone, Bain eye Yahoo bid
Blackstone and Bain Capital are reportedly nearing a bid to buy the whole of Yahoo that could value the company at more than $20 a share. Yahoo’s associates in China and Japan, Alibaba Group and Softbank Corp., may support the private equity consortium...
SAIF invests $30m in China Polymetallic Mining IPO
SAIF Partners has agreed to buy $30 million worth of shares in China Polymetallic Mining, moving the firm toward its goal to raise up to $163 million through an IPO.
Baring-backed Courts Asia seeks expansion
Baring-backed electronics and furniture retailer Courts Asia is looking to invest S$70 million ($54.1 million) to launch new Southeast Asian retail outlets, coming at a time when its private equity backer is considering its exit options.
IDFC teams with corporates to launch Indian infra JV
IDFC Project Equity Fund has teamed with Mumbai-based Ashok Piramal Group (APG) and Canadian engineering firm SNC-Lavalin Group to launch a joint venture to develop public-private roads and highway projects across India.
Lone Star may sell KEB for 7% less - report
Lone Star is reportedly nearing the sale of Korea Exchange Bank (KEB) to Hana Financial Group at a 7% discount to the KRW4.4 trillion ($3.8 billion) offer price. If agreed, the move would highlight the pressure that embattled Lone Star faces to offload...
Polaris buys Kanto-Unyu for $64m - report
Mid-market private equity house Polaris Capital Group has reportedly purchased Japanese trucking company Kanto-Unyu Co. for an estimated JPY5 billion yen ($64 million).
KKR, Sequoia, Everbright subscribe $110m to China Outfitters IPO
Private equity firms KKR, Sequoia Capital China and Everbright Private Equity have each become cornerstone investors in the Hong Kong IPO of China Outfitters. Between them the funds have committed $110 million, or three-quarters of the $145 million the...
CVC sells Minit to Unison Capital
CVC Capital Asia has succeeded in exiting shoe repair chain Minit Asia Pacific to Tokyo-based Unison Capital, reportedly after two failed attempts to sell the company.
CIC, Greentown partner for real estate JV
China Investment Corporation (CIC) has teamed with domestic property developer Greentown Group to launch an RMB2 billion ($313.3 million) real estate joint venture that will build office buildings for local government bodies.
New China Life seeks to raise $1.6b in Hong Kong
New China Life, the Chinese insurer that counts Temasek Holdings and Standard Chartered Private Equity among its investors, is expected to seek as much as $1.6 billion in the Hong Kong portion of its IPO.
Asian bidders compete for RBS’ aircraft leasing business
Sumitomo Mitsui Financial Group, China Development Bank and a consortium led by Australia’s Macquarie are among the final bidders for RBS Aviation Capital, the aircraft leasing business being divested by Royal Bank of Scotland. The only other potential...
CDB to launch overseas operation, partner with KKR, TPG
China Development Bank (CDB) will reportedly launch an overseas investment operation in Hong Kong and sign strategic partnerships with several global private equity players, including TPG, KKR and Permira.
WI Harper, Matrix back game developer SNS Plus
WI Harper and Matrix Partners have co-led a $4 million round of funding for SNS Plus, an Asia-focused gaming company. SNS Plus has published more than 60 games on Facebook and a further 15 on other social networking platforms.
Mizuho subsidiary exits Matsubo
A portfolio company owned by Mizuho Capital Partners has reportedly exited its stake in Matsubo, a machinery trading company, to Shinsho Corp.
Morgan Stanley names Godbole head of India real estate
Morgan Stanley has appointed investment banking veteran Shirish Godbole as its head of Morgan Stanley Real Estate Investing (MSREI) India, replacing Naresh Naik who left the firm earlier this month to spin off his own investment fund.
IFC highlights focus on India
The International Finance Corp. (IFC), the World Bank’s investment arm, has reported that 8.8% of its total portfolio in 2011 is focused on India, marking the largest commitment to any one region.
J.P. Morgan gets green light for $1b RMB fund
J.P. Morgan Asset Management has reportedly won approval from the Beijing government to launch a $1 billion renminbi-denominated fund.
Chinese regulators poised to clamp down on illegal fundraising
China’s National Development and Reform Commission is looking into domestic private equity firms’ fundraising operations with a view to tightening regulatory oversight on the sector.
India’s Maini Global Aerospace gets $10m in PE funding
Maini Global Aerospace (MGA) has received a $10 million investment from a foreign private equity fund. The Indian company will use the funding to build a new factory and is already looking for an additional $50 million to further expand its capacity.
CIC plans to invest in Western infrastructure projects
China Investment Corp. (CIC) will commit funds to improving infrastructure in developed countries, starting with the UK, where it plans to team up with fund managers or participate through public-private partnerships.
Primavera takes stake in Chinese fertilizer maker
A subsidiary of Primavera Capital, the private equity firm founded by Fred Hu, former Greater China chairman of Goldman Sachs, has invested $51 million in China XLX Fertilizer. Primavera has taken a 14.97% stake, becoming the firm’s third-largest shareholder...
Chinese investors ask Terra Firma to create sovereign fund pool
Terra Firma Capital Partners has been approached by several large investors from China and the Middle East to set up a sovereign fund pool.
Investors eye Tokyo properties - report
Tokyo properties are materializing as a key target for overseas investors in the coming year, pinpointed a growth area while other sectors struggle.