News
IDFC makes second mezzanine commitment to Caparo Energy
Infrastructure Development Finance Company (IDFC) has provided $33.5 million in mezzanine funding, subject to a four-year term, to Caparo Energy. This is IDFC's second mezzanine deal with the energy firm, following an earlier $78.5 million six-year commitment.
China Life recieves PE investment license - report
Chinese insurance major China Life has been granted a license to raise a private equity fund, China’s 21st Century Business Herald first reported, and has targeted its first investment.
Actis considers revised bid from AMRI for Sterling Hospitals
Actis is negotiating the sale of its Indian portfolio company Sterling Hospitals, AMRI, a hospital chain backed by local conglomerate Emami and real estate developer Shrachi Group. AMRI is said to have bid INR6 billion ($133 million) for an 80% stake,...
TStone may not bid for Woori - report
Uncertainty surrounds South Korean private equity firm TStone's participation in the auction for Woori Finance Holdings after executives alluded that the firm may drop out of the first round of bidding, which is slated to start today.
Blackstone hunts for financing for Valad acquisition
Blackstone is reportedly seeking A$431 million ($452 million) in financing to complete its purchase of distressed Australian property group Valad, and will tap investors in Australia and Greater China for the money.
Sage joins MYOB auction
UK software maker Sage has submitted a bid to acquire Australian accounting software rival MYOB from private equity owners Archer Capital and HarbourVest Partners, joining Bain Capital and KKR in the auction, according to domestic reports.
Indian media group assumes control of BBC’s local magazine business
Bennet, Coleman & Co. (BCCL), owner of the Times of India, has bought out joint venture partner BBC Worldwide to take full control of Worldwide Media, an Indian magazine publisher. The sale is part of a wider effort by the commercial arm of the UK public...
Italian motorcycle maker Ducati considers Hong Kong listing
Italy-headquartered private equity firm Investindustrial is considering listing its portfolio motorcycle company Ducati in Hong Kong in 2012.
Morgan Stanley invests in Chinese plastics firm
Morgan Stanley Private Equity Asia (MSPEA) has agreed to make a $100 million equity investment in China XD Plastics for a significant minority stake.
Cargill beats off Chinese competition to land Provimi
Cargill, the world’s largest agricultural commodities trader, will acquire Netherlands-based animal feed company Provimi from private equity firm Permira for an enterprise value of EUR1.5 billion ($2.1 billion). China’s New Hope Group was among the...
Fortune Brands raises tender offer to $1.05b
Consumer goods holding company Fortune Brands has raised a $1 billion debt tender offer to $1.05 billion due to oversubscription, The Wall Street Journal reported. The proceeds from the company's sale of golf equipment and apparel business Acushnet to...
Bain, KKR submit finalized bids for MYOB - report
Bain Capital and KKR have submitted their final bids for Australian accounting software provider MYOB, which is currently owned by Archer Capital and HarbourVest Partners. The deal could be worth more than A$1 billion ($1.05 billion), Reuters reported.
INCJ to promote Japanese media content overseas
Innovation Network Corp. of Japan (INCJ), a public-private investment fund, has committed JPY6 billion ($80 million) to form a new media company called All Nippon Entertainment Works, which will promote Japanese content overseas.
Unified Partners agrees to exit SXL to Yamada Denki
Unified Partners, a Tokyo-based private equity firm, has agreed to sell its entire 40% stake in custom home builder SXL to Yamada Denki, an appliance retail chain operator.
Infinity invests $7m in Chinese mobile SNS provider
Israel-based private equity firm Infinity Group has committed $7 million to the Series C round of financing for Haolianluo (HLL), a Chinese mobile social networking services provider. The company is seeking to raise $12 million in total.
Warburg Pincus exits Indian publishing conglomerate
Warburg Pincus has reportedly sold its remaining 3.6% stake in Indian media company DB Corp. - the owner of India’s second-largest Hindi daily Dainik Bhaskar - for INR1.57billion ($34.6million) on the National Stock Exchange. Shares in the company reportedly...
Lone Star exits Meguro Gajyoen ahead of loan maturation
US private equity firm Lone Star is planning to sell its Japanese real estate portfolio company Meguro Gajoen for as much as JPY100 billion ( $1.3 billion), according to Reuters.
India's TVS raises $110m for growth fund
TVS Capital Funds, an India-based private equity firm, is reportedly planning to raise up to INR5billion ($110.3 million) for an add-on fund.
iLabs looks to exit 35% stake in Indian broadcasting network
Indian VC firm iLabs Venture Capital Fund, sponsored by businessman Srini Raju, is negotiating with private equity firms to offload a 35% stake in its television network Associated Broadcasting Company (ABCL), which runs the TV9 regional channels, according...
SAIF, IDG team with Hollywood producer to release Chinese films globally
Hollywood entertainment company Relativity Media has teamed with SAIF Partners and IDG China Media to launch a $100 million fund that will produce and distribute China-focused film content and release it to global moviegoers.
GMR Energy takes 30% stake in Indonesian coal mine
GMR Energy, a subsidiary of GMR Infrastructure, will buy a 30% stake in Indonesia’s T Golden Energy Mines for $450-550 million. The agreement includes an off-take clause that guarantees the Indian firm coal supplies rising to 10 million metric tons...
Indonesia bans banking sector takeovers
Indonesia’s central bank has temporarily barred takeovers in the banking sector – where there is considerable interest from foreign private equity investors – as it considers a review of ownership rules. The central bank is still drafting the policy...
Bright Food nears Manassen Foods purchase
China’s Bright Food Group is set to acquire Australian food producer Manassen Foods from CHAMP Private Equity for a price that gives the company an enterprise value, including debt, of more than A$500 million ($516 million).
L Capital takes stake in Ming Fung Jewellery
LVMH group’s private equity investment arm L Capital has expanded its Asia portfolio to include jeweler Ming Fung Jewellery Group, purchasing an 8.61% stake in the company for an undisclosed sum.