News
Korean regulators to investigate KEB
South Korean regulators have launched a probe into the inside operations of Korea Exchange Bank (KEB) to ensure that the lender complied with court orders to fire members of its board related to embattled owner Lone Star.
Aloe ‘to count IFC among LPs’ in third fund
International Finance Corp. (IFC), the investment arm of the World Bank, is reportedly poised to join the LP roster for Aloe Private Equity's its third fund, Aloe Environment Fund III.
India alters rules on anchor investors, PE disclose for IPOs
Anchor investors in IPOs by Indian companies must put in at least INR50 million under new rules introduced by the Securities and Exchange Board of India (SEBI). The threshold, designed to ensure that only serious players enter the fray, comes alongside...
Actis gets $250m from Washington State Investment Board
Washington State Investment Board has committed $250 million to Actis’ latest emerging markets vehicle as part of a more than $550 million allocation to global private equity managers made earlier this month. The other beneficiary was Apax Partners’...
Blackstone plans up to $720m annual commitment to India
The Blackstone Group is considering a $500-720 million annual injection into India over the next few years, said Akhil Gupta, the firm's chairman and managing director for the country. He added that the firms has invested nearly $1.8 billion in the market...
SKS Microfinance Chairman Vikram Akula resigns
The founder and chairman of embattled microlender SKS Finance, Vikram Akula, has resigned his post after 14 years at the firm. It comes as the publicly listed lender looks to recoup costs amid an increasingly difficult business environment.
Dreamworks plans PE-backed JV in China - report
Dreamworks Animation – the studio responsible for movies including “Shrek” and “Kung Fu Panda” – is reportedly nearing the launch of a JV production and design studio in Shanghai. The deal is being brokered through a partnership with a consortium...
KKR, TPG in talks for Nomura’s real estate arm
KKR and TPG are among the PE firms said to be engaged in preliminary talks with Japan’s Nomura over a possible buyout of the investment bank’s real estate arm.
Shenzhen PE firm reaches first close on debut property fund
PTiFund, a Shenzhen-based private equity firm backed by Hong Kong-listed property developer Top Spring International Holdings, has announced a first close of RMB125 million ($19.6 million) on its debut fund. The full target is RMB500 million.
KKR-led consortium bags Samson for $7.2b
A KKR-led consortium, which includes Japan's Itochu Corp, has agreed to buy Samson Investment Co. for $7.2bn in the second largest private equity deal globally this year.
JPMorgan to back Bangalore residential property projects
A JPMorgan proprietary fund will invest INR2 billion ($40 million) in five Bangalore-based residential projects being developed by Nitesh Estates. With the US investment bank’s backing, the Indian real estate firm is expected to raise debt to fund the...
Indian emu processing unit tipped for VC backing
India’s first-ever emu processing unit may receive backing from the Ministry of Agriculture through the Poultry Venture Capital Fund.
Abax, chairman lower MBO offer for Fushi Copperweld
Abax Global Capital and the chairman of Fushi Copperweld have lowered their buyout offer for the Chinese company. They are proposing to pay $9.25 per share, down from $11.50 announced in November of last year, which values the deal at about $353.4 million.
KKR offer spurned by Transpacific
Private equity giant KKR has been rejected in its eleventh-hour attempt to subscribe to Australian waste manager Transpacific Industries Group's capital-raising initiative.
GE boosts CHAMP-backed Accolade with $234m loan
European lender GE Capital has provided Australia’s Accolade Wines, owned by CHAMP Private Equity, with a GBP150 million ($234 million) cross-border financing facility.
Centro to launch trust to avoid collapse
The financial backers of distressed Australian real estate owner Centro Properties Group have agreed to create an A$4.4 billion ($4.3 billion) listed property trust called Centro Retail Australia in order to keep the company afloat.
Advantage takes stake in Japanese eyewear chain - report
Japanese private equity firm Advantage Partners has reportedly acquired a stake in Tokyo-listed eyewear retail chain Meganesuper.
VC firms file claim against VisionChina for at least $60m
Oak Investment Partners and Gobi Partners have filed a motion with a US court seeking at least $60 million from VisionChina over its failure to make payments relating to the acquisition of Digital Media Group (DMG) last year.
Temasek confirms increase in CCB holding
Temasek Holdings announced Monday that it has increased its holding in China Construction Bank (CCB) to 9.42% from 8.10%. The transaction, disclosed in a filing with the Hong Kong Stock Exchange, took place on November 11, around the time that Bank of...
Hony plans $2.4b USD fund - report
Hony Capital has reportedly targeted up to $2.6 billion for its latest private equity fund, touted as the biggest US dollar fund raised by a China-based fund.
PE, Itochu-led consortium near $7b Samson acquisition
A KKR-led consortium, that is said to include Japan's Itochu Corp., is nearing the acquisition of Oklahoma-based oil- and natural-gas producer Samson Investment for $7 billion. It will mark one of the world’s most expensive PE buyouts this year if the...
Archer, Ironbridge exit iNova Pharmaceuticals for $690m
Archer Capital and Ironbridge Capital have exited iNova Pharmaceuticals to Canada’s Valeant Pharmaceuticals in a deal worth up to A$700 million ($690 million). Valeant will pay A$625 million up front plus a further A$75 million based on the success...
Place your vote in the 2011 AVCJ Indian Awards
We are happy to announce the nominee shortlist for 2011 AVCJ Indian Private Equity and Venture Capital Awards. Relying on submissions from across the PE community and the expertise of our select panel of industry judges, five nominees have been chosen...
Apax-backed iGate plans to take Patni private
Apax Partners-owned iGate plans to buyout Patni Computer Systems’ minority shareholders and delist the company from the Bombay Stock Exchange, National Stock Exchange of India and the New York Stock Exchange. The purchase will be funded through a debt...