News
CIC’s Central Huijin boosts China bank stakes
Central Huijin Investment, the unit of China Investment Corp. (CIC) responsible for holdings in the country’s major state-owned banks, has been buying shares in these lenders to boost valuations. It took similar action in September 2008 as credit markets...
TPG’s Greenko to build Indian wind farms with GE
TPG portfolio company Greenko Group will build $115 million of wind farms in India alongside General Electric (GE). This represents GE’s first investment in India’s renewable energy sector.
India’s Just Dial plans NASDAQ listing
Private equity-backed Indian search engine Just Dial is looking to list its international unit on NASDAQ, barely two months after filing for a domestic IPO worth up to INR3.6 billion ($79 million).
SAP Ventures backs Indian internet services firm One97
SAP Ventures has committed $10 million to One97 Communications, a mobile internet services firm that delivers content and advertising services to customers including Airtel, Vodafone, Coca-Cola, Nestle and Samsung.
Partners Group launches global fund in Sydney
Partners Group has set up a new global private equity fund based in Sydney, offering smaller institutional and retail investors access to deals normally only available to large institutions.
Alibaba, Temasek in talks over Yahoo deal – report
Alibaba Group has held discussions with Temasek Holdings about supporting the purchase of Yahoo’s 40% stake in the Chinese company.
Coffee Day subsidiary Way2Wealth gets $30m from KKR
Indian boutique financial services firm Way2Wealth will receive $30 million from KKR in what is expected to be a structured financing deal rather than a typical private equity placement.
KKR appoints former Singaporean minister as adviser
Former Singaporean politician and minister to the prime minister’s office Lim Hwee Hua has been appointed senior adviser to KKR.
Revised India FDI regulations threaten PE exits
Private equity activity in India is expected to take a hit following the introduction of new rules that clamp down on foreign direct investment (FDI) into the country.
Bain gets $1.1b recapitalization loan for Japan's Bellsystem24
Bain Capital has completed a JPY87.5 billion ($1.1 billion) recapitalization for portfolio company Bellsystem24, a telemarketing firm specializing in call centers, according to Basis Point.
Advantage, KKR, Olympus line up for MBK-owned Yayoi
Advantage Partners, KKR and Olympus Capital are reportedly among the potential bidders for Japanese accounting software developer Yayoi from MBK Partners.
India PE deals reach $8.57b in first three quarters of 2011
Private equity firms invested approximately $2.25 billion in 98 deals in India in the third quarter of 2011, bringing the industry’s total to $8.57 billion in 317 transactions for January-September. This marks a significant increase on the $6.4 billion...
General Atlantic plans four India deals worth up to $200m each
General Atlantic is considering four acquisitions in India worth $100-200 million each, according to Ranjit Pandit, the private equity firm’s head of investments in the country. The planned deals were in the internet, logistics, financial services and...
Lone Star found guilty of manipulating KEB's stocks
A Seoul court has found US buyout fund Lone Star guilty of manipulating the stock prices of Korea Exchange Bank (KEB) in 2003, and has ordered the fund to pay KRW25 billion ($21 million) in damages.
Contour Energy gets Asia PE backing for battery development
California-based next-generation battery developer Contour Energy Systems has closed a more than $20 million Series C round of financing led Singapore-based EDBI. CMEA Capital, Harris & Harris, Schlumberger and US Venture Partners, along with new investor...
CDIB hires Justin Busarakamwong as SVP in Hong Kong
CDIB Capital, the overseas investment arm of China Development Financial Holding Corporation, has appointed former executive director at StormHarbour Securities Justin Busarakamwong as a senior vice president based in Hong Kong.
Yahoo examines options for exiting Japanese business – report
Yahoo is close to unloading its 35% stake in Yahoo Japan and it is thought that a sale could happen relatively quickly, potentially simplifying decisions about the US firm’s wider prospects.
Citic Securities disappoints on Hong Kong trading debut
Citic Securities, which raised $1.7 billion through an IPO backed by investors including Temasek Holdings and Kuwait Investment Authority (KIA), performed poorly on its Hong Kong market debut Thursday, dropping 10.5% before closing unchanged.
Australian Tax Office sees TPG-Myer court ruling overturned
An Australian Federal Court has overturned an earlier ruling that allowed the Australian Tax Office (ATO) to serve legal documents to TPG Capital’s country head as part of its efforts to settle a A$739 million ($784 million) tax bill arising from the...
CLSA commits $22m to India’s Resonance Eduventures
CLSA Capital Partners has invested $21.8 million for a minority stake in Resonance Eduventures, an Indian education specialist. It marks the fifth investment in India by the $333 million ARIA Investment Partners III and the 10th by the ARIA group of funds...
Helix-backed Hi-Rel Electronics sold to Hitachi
India’s Hi-Rel Electronics, backed by Helix Investor Advisors, has been acquired by Japan’s Hitachi for an undisclosed price.
Tata Opportunities Fund makes second close at $550m
Tata Capital has completed the second close of its latest private equity vehicle, the Tata Opportunities Fund LP, at $550 million.
PE-backed Affle gets $10m from Japan's D2 Communications
Japanese mobile advertising company D2 Communications (D2C) has invested more than $10 million in Singapore-headquartered Asian mobile media firm Affle. It joins existing backers Microsoft, Itochu Corp., Bennett Coleman & Company and Centurion Private...
Accel nears close of $150m early-stage India fund
Accel Partners is reportedly on track to raise its first India-dedicated fund - a $150 million early-stage investment vehicle – and is expected to announce a close in the coming weeks.