News
CITIC holds $225m first close of fourth property fund
CITIC Capital has held a first close on its fourth Chinese real estate vehicle, CITIC Capital China Retail Properties Investment Fund, at $225 million.
MBK among bidders for GS Caltex stake - report
Approximately 10 companies, including trade players and Korean private equity firm MBK Partners, have reportedly submitted bids to acquire a 50% stake in South Korean oil refiner GS Caltex Corp. in a deal that could be worth KRW300 billion ($263.9 million).
Neuberger Berman raises $720m
Investment management firm Neuberger Berman Group has raised $720 million for its private equity fund-of-funds, NB Crossroads 2010.
Sino-Forest denies fraud claims
Private equity-backed Chinese forestry firm Sino-Forest has denied allegations by short-seller Muddy Waters that it engaged in fraudulent activity related to its assets and revenue reporting.
Aditya Birla injects $19m into Alphion India
Aditya Birla Capital Advisors Private (ABCAP), the private equity arm of the eponymous financial group, has given Alphion India an INR95 million ($19 million) cash injection.
Intel invests $40m in Asian tech companies
Intel Capital has committed $40 million to 10 Asian companies from China, India, Japan, South Korea and Taiwan. The technologies covered include semiconductors, green tech, software, security, social gaming and cloud-based services. Details of the size...
BofA sold CCB shares to Temasek, Chinese institutions
A group comprising of Singapore’s second-largest sovereign wealth fund Temasek and several Chinese institutions have materialized as the buyers of the 10.4 billion shares in China Construction Bank (CCB) sold by Bank of America (BofA) for nearly $6.6...
Norwest and Intel lead $40m Fashionandyou.com round
Norwest Venture Partners (NVP) and Intel Capital have led a $40 million funding round in Smile Group Venture and Goldsquare Sales India, the owners of Fashionandyou.com.
Beikai Capital launches $79m RMB fund
Private equity firm Beikai Capital, formerly a unit of Balloch Group, has established a RMB500 million ($78.7 million) fund in collaboration with a Nanjing-based venture capital firm.
Morgan Stanley in line for HCP Holdings acquisition
Morgan Stanley Private Equity (MSPE) is reportedly negotiating with Chinese packaging firm HCP Holdings to purchase an 80% stake. The deal is said to value the company at approximately $500 million.
Australian private equity continues to outperform public markets - AVCAL
Australian private equity continues to achieve better returns than the country’s stock markets, according to research cited by the Australian Venture Capital Association (AVCAL).
PEP eyes Spotless buyout - report
Pacific Equity Partners (PEP) is reportedly looking to acquire Australian cleaning services company Spotless Group for as much as A$700 million ($715 million), coming months after the ASX-listed company rejected Blackstone’s A$657 million bid.
BofA sells $6.6b of CCB shares
Bank of America (BofA) has jettisoned the majority of its remaining shares in China Construction Bank (CCB) for nearly $6.6 billion. The US bank now owns 1% of CCB, down from the 9.9% it once held.
Archer sues UK's Sage Group over MYOB deal
Archer Capital has filed an A$130 million ($133 million) suit against British software company Sage Group for damages related to its decision to end acquisition talks for Australian software maker MYOB.
TPG scales back buyouts in Europe as it ramps up in Asia - report
TPG Capital is said to be scaling back its European buyout operations amid a volatile investment environment, in a move that may result in a strengthening of TPG’s Asian focus.
TPG and Carlyle circle MCAG’s Regis
TPG Capital Partners and The Carlyle Group are said to be interested in buying Australia’s second-largest private care home operator, Regis Group.
Blackstone, Bain in bid for India's Future Capital Holdings
The Blackstone Group and Bain Capital have been identified as potential acquirers of a stake in India's Future Capital Holdings (FCH), the financial services unit of the Future Group.
ChrysCapital raises $225m for Fund VI
ChrysCapital has reportedly raised $225 million for its sixth fund, ChrysCapital VI, en route to its $500 million target.
Judge rules on VisionChina case
Venture investors in Shanghai-based subway mobile television advertiser Digital Media Group (DGM) have begun taking steps to attach $30 million of assets belonging to out-of-home digital advertising network VisionChina Media following a ruling by the...
SBI to manage Malaysia’s first Asian cleantech fund
SBI Investment, a subsidiary of SBI Holdings, has announced that it will manage Malaysia’s first cleantech venture fund to invest in Asia Pacific.
Blackstone, Carlyle near Reliance tower acquisition - report
A consortium comprised of The Blackstone Group and The Carlyle Group may purchase Reliance Group’s cellular towers by December, in a deal that will finally see the Indian communications major divest its ailing tower assets.
Goldman dilutes stake in ICBC for $1.1b
Goldman Sachs has divested $1.1 billion worth of shares in Industrial and Commercial Bank of China (ICBC), bringing the total capital it has raised across three sell-downs to $5.26 billion.
Ex-Och-Ziff exec sets up Clifton Real Estate
A former employee of Och-Ziff Capital Management Group has established a new Singapore-based firm which will invest in small and medium-sized properties.
Connaughton: Foreign GPs must differentiate to compete with locals in Asia
Foreign GPs seeking investment opportunities in Asia need to differentiate themselves in order to compete with local funds, according to John Connaughton, managing director of Bain Capital.