News
CPP Investment Board announces 0.9% gain in fiscal first quarter
Canadian pension fund CPP Investment Board announced a 0.9% quarter-on-quarter gain for the three months ended June 30, primarily thanks to a strong performance from private market investments, Dow Jones reported.
IFC seeks exit from Bank of Shanghai
The International Finance Corp. (IFC), the World Bank's investment arm, is seeking unload its 7% holding in Bank of Shanghai (BoS), according to Reuters.
Bank of America struggles to find buyers for CCB stake
Bank of America is struggling to find buyers for its 10% stake in China Construction Bank as investors are wary of forthcoming rights issues, share sales and new listings by Chinese lenders.
Saigon Asset Management to launch $300m Indochina energy fund
Saigon Asset Management plans to raise $300 million for an energy fund targeting thermal and hydro power projects in Vietnam, Cambodia and Laos. The company believes the energy sectors in these countries are open to foreign investment and plans to participate...
Goldman Sachs nears $555m investment into MBK for Woori bid
South Korean private equity fund MBK Partners is reportedly close to securing a KRW600 billion ($555 million) investment from Goldman Sachs that will support its bid for Woori Finance Holdings.
AXA Private Equity raises $3b for secondary fund
AXA Private Equity has raised $3 billion for its latest secondary fund. It is targeting a final close of $3.5 billion for AXA Secondary Fund V, having set the hard cap at $4 billion, the Wall Street Journal reported, citing a person familiar with the...
President of PE-backed Taishin Financial feared dead after fall
Taiwanese rescue teams are continuing their search for the president of Newbridge Capital-backed Taishin Financial Holdings, Keh Hsiao Lin, after the executive fell from a 100-meter-high cliff during a nighttime climb of Shusuei Mountain Wednesday.
CAS Capital to exits controlling stake in Japanese restaurant chain
CAS Capital will sell controlling stake in Japanese restaurant chain Kazokutei to H2O Retailing, a listed holding company of Hanshin and Hankyu Department Store Groups, through a tender offer buyout.
SEAF commits capital to Indian cotton seed processor
Small Enterprise Assistance Funds (SEAF), the Washington-based private equity firm, has made an investment in Abhay Cotex Private Limited (ACPL), an Indian firm that processes cotton seeds for use in animal feed.
CHAMP-backed Blue Star bail-out approved by bondholders
Bondholders in troubled New Zealand printing firm Blue Star have backed a $25 million restructuring package supported by CHAMP Private Equity. At a meeting of around 200 bondholders in Auckland, 76.9% voted in favor of the proposal, surpassing the 75%...
Carlyle, Unison sell nearly half of Covalent for $450m
The Carlyle Group and Unison Capital has sold part of Covalent Materials, a Japanese silicon wafer and ceramics manufacturer to Taiwanese solar wafer maker Sino-American Silicon Products (SAS). The deal size has not been disclosed, but it is thought to...
Kirkland & Ellis added new lawyers to strengthen Asia operation
Kirkland & Ellis has added several new senior lawyers to its Hong Kong office, including Nicholas Norris, John Otoshi, Benjamin Su, Dominic Tsun, Li-Chien Wong, Ashley Young and David Zhang.
India Equity Partners buys restaurant chain Sagar Ratna Hotels
India Equity Partners, a New York-based private equity fund, has purchased a majority stake in specialty restaurant chain Sagar Ratna Hotels for INR1.8 billion ($40.2 million). The capital will be used to refurbish its existing branches and aggressively...
Future Fund decreases Telstra stake, reports 12.4% return on portfolio
Australian pension vehicle Future Fund has decreased its stake in Telstra to 2.5%, five years after inheriting the telecommunications firm from the federal government.
SCPE, Providence bid for stake in Indian broadcast giant
Standard Chartered Private Equity and Providence Equity Partners are reportedly closing in on a joint 35% stake purchase in Indian broadcast giant Multi Screen Media (MSM) for approximately INR10 billion ($223.3 million).
SAIF, MakeMyTrip back Indian travel search engine
Indian travel search engine iXiGO.com has received $18.5 million in funding from SAIF Partners and online travel company MakeMyTrip. The two investors purchased stock in iXiGO’s parent, Le Travenues Technology, and also received new shares.
Matrix commits $9.9m to Kids Clinic India's Series A round
Matrix Partners India has committed INR450 million ($9.9 million) as the sole institutional investor in Kids Clinic India Private Limited, a Bangalore-based provider of maternity and infant care services. The immediate goal is to enlarge the company’s...
PE-owned Tasti D-Lite to serve yogurt in Australia
Private equity-owned frozen yogurt franchise Tasti D-Lite will open its first branch in Australia later this month.
Former Infosys CFO to launch India PE fund
T.V. Mohandas Pai, the former CFO of Infosys, is reportedly planning to raise a private equity fund worth $100 million and is already closing in on his first investment.
TPG eyes controlling stake in Indonesian tire manufacturer
US buyout firm TPG Capital has emerged as a potential bidder for Indonesian tire manufacturer Multistrada Arah Sarana, Reuters reported. It faces competition from South Korea's Hankook Tire and Japan’s Yokohama Rubber.
New China Life targets $4b IPO
New China Life Insurance, which is part-owned by several private equity interests, plans to raise up to $4 billion through a dual IPO in Hong Kong and Shanghai.
Rockefeller family's Rose Rock to launch $2b JV in Tianjin
A subsidiary of the Rockefeller family investment group, Rose Rock Capital, is looking to raise $2 billion for renminbi- and US dollar-denominated investments in commercial properties in Tianjin, Reuters reported, citing the China Securities Journal.
L Capital in JV with Indian fashion portfolio company
LVMH’s investment arm L Capital Asia looks to strengthen its commitment to portfolio firm Genesis Luxury Fashion through the launch of a 50-50 joint venture to exhibit the Indian firm's fashion pieces.
CVC-backed Nine Entertainment expects modest profit growth in coming year
CVC-owned Nine Entertainment posted EBITDA of A$414.9 million for the fiscal year ending June, up 16.4% year-on-year, but it forecasts modest growth this year – a reflection of the challenges facing most Western media companies that rely heavily on...