News
PEP, Unitas tipped to sell Independent Liquor to Asahi
Asahi Group Holdings has emerged as the leading candidate to purchase New Zealand drinks maker Independent Liquor, which is currently owned by Pacific Equity Partners and Unitas Capital. The deal could be worth up to NZ$1.4 billion ($1.2 billion), Dow...
Former Actis partner in latest India fund spinout
Subba Rao Telidevara, formerly a partner at Actis, has launched an independent fund worth $250 million targeting buyouts, PIPE deals and growth capital investments. The fund, known as LotusPool Capital, is expected to make its first close in 8-12 months,...
Terra Firma to open Beijing office
European private equity firm Terra Firma has received the regulatory green light to open a representative office in Beijing, marking its foray into Asia.
Hony invests $100m in Chinese glass maker
Hony Capital has agreed to pay $100 million for a 60% stake in China Yaohua Glass Group, as part of its ongoing role in consolidating the glass-making industry.
China considers more tax breaks for VC firms that back SMEs
China’s State Administration of Taxation may offer more tax incentives to venture capital firms that invest in small- and medium-sized enterprises (SMEs), China Securities Journal reported, citing unnamed sources.
Private equtiy reengages with Indian MFIs
The World Bank’s International Finance Corp. (IFC) is reportedly finalizing an INR1.3 billion ($29.2 million) investment in Indian microfinance institution (MFI) Bandhan. This comes as other PE players also reconsider investments into MFIs following...
Blackstone invests in leading Indian IT park
The Blackstone Group will acquire a 37% stake in Manyata Promoters, which operates high technology park in Bangalore, India, for around $200 million. The investment is said to value the entire development at $550 million.
KKR hires former Nomura India executive director
KKR has appointed Dhiren Mehta, formerly of Nomura, as a director of its Indian operation. Mehta will work out of KKR’s Mumbai office, which is led by the Sanjay Nayar, CEO of KKR India and B.V. Krishnan, head of the private equity firm's non-banking...
Apollo eyes $100m investment in Indian delivery firm
Apollo Global Management is reportedly considering a $100 million investment in Indian shipping firm Gati Group for a significant minority stake.
IL&FS appoints banks for RMB bond issuance
Indian infrastructure investor IL&FS has selected Deutsche Bank, RBS and UBS to handle its renminbi-denominated “dim sum” bond issue in Hong Kong. The private equity firm aims to raise the equivalent of $200 million, Reuters reported.
Bondholders in CHAMP-backed Blue Star offered new deal
Blue Star bondholders have been offered the chance to participate in the printing firm’s restructuring on the same terms as major shareholder CHAMP Private Equity, The National Business Review reported. Should the latest proposal fail to win approval,...
Carlyle to invest up to $194m in Haier Electronics Group
The Carlyle Group will invest up to $194 million in Haier Electronics Group (HEG), a Chinese white goods manufacturer, potentially taking a 9% stake in the company.
IBK Capital Q to invest in Hankook Silicon
IBK Capital-Q Capital Partners, which is backed by The Korea Finance Corp. (KoFC), will invest KRW40 billion($38 million) in Hankook Silicon(HKS), the third-largest polysilicon manufacturer in South Korea, according to local media reports. The size of...
Singapore's Mapletree acquires Hong Kong shopping mall
Singapore-based real estate investment firm Mapletree Investments will acquire Hong Kong’s popular shopping mall Festival Walk in Kowloon Tong for around HK$18.8 billion ($2.4 billion) from Swire Properties.
DFJ's Tim Draper invests in Singaporean VC incubator
Draper Fisher Jurvetson (DFJ) founding partner Tim Draper has invested an undisclosed sum in Singaporean tech incubation firm Clearbridge Accelerator.
Indian regulator proposes new measures for funds oversight
The Securities and Exchange Board of India (SEBI) has published draft regulations that would tighten its control over alternative investment funds (AIFs). Vehicles specializing in private equity, venture capital, PIPE, infrastructure, real estate and...
Blackstone approved for Valad takeover
Shareholders in debt-burdened Australian real estate firm Valad Property Group have overwhelmingly approved Blackstone affiliates for an A$806 million ($883 million) takeover of the company.
HNA Group, Bravia Capital to acquire GE SeaCo
Chinese conglomerate HNA Group, with its Hong Kong-based private equity partner Bravia Capital, will acquire container leasing business GE SeaCo from General Electric for $1.05 billion.
CIC participates in $600m commitment to Diamond S Shipping
China Investment Corp. (CIC) is part of a group that has agreed to invest more than $600 million in Diamond S Shipping, enabling the energy-focused transportation company to buy 30 medium-range vessels and related charters. Diamond S already has a fleet...
Ex-AIA boss seeks PE backing to buy Aviva’s non-core businesses
Former AIA CEO Mark Wilson is trying to raise private equity funding to bid for Aviva’s non-core emerging markets business, The Financial Times, reported, citing people familiar with the situation. The UK firm is considering a sell-off of its smaller...
HNA Group, Bravia Capital buy stake in Turkey's ACT Airlines
Chinese conglomerate HNA Group, with Bravia Capital, are to jointly acquire a significant minority stake in ACT Airlines, an air cargo operator based in Istanbul, for an undisclosed sum.
CLSA makes $15m investment in Indonesian tea company
CLSA Capital Partners (CLSACP) has invested $15 million in PT Sari Wangi AEA, which claims to be the largest privately held tea company in Indonesia.
SBI launches $24m fund with Greater China corporates
Japanese financial group SBI Holdings will jointly launch a $24 million venture fund with Taiwanese financial corporation Shin Kong Group and Hong Kong-based real estate firm Nang Fung Group.
Phoenix Capital to sponsor failed Japanese department store
Phoenix Capital, a private equity firm specializing in turnaround investments, has brokered a sponsorship agreement with bankrupt Japanese department store Nakasan Co., which claims debt of JPY11.4 billion ($1.43 million).