News
Aureos targets $200m fund for India, Sri Lanka, Bangladesh
Aureos Capital is targeting a year-end close for a $200 million fund that will invest in India, Sri Lanka and Bangladesh. Balaji Srinivas, managing partner at Aureos India Advisers, told Bloomberg that the Aureos India Fund II would deploy around 15%...
Affinity hires Singaporean banker to head up portfolio management
Affinity Equity Partners has hired the former head of investment banking at Singapore’s United Overseas Bank to lead its portfolio management division.
Baidu's Qiyi.com to get $300m from private equity
Baidu’s is reportedly seeking $300 million in private equity funding for its online video asset Qiyi.com in an effort to bolster the site’s positioning in China’s competitive online video segment.
Affinity makes final bid for Australian meats firm
Affinity Equity Partners has submitted a final bid for a controlling stake in Primo Smallgoods, a source close to the deal has told AVCJ. Earlier reports suggesting that the bid for the Australian meat products company amounts to A$580 million ($622 million)...
VantagePoint invests in MYFP Wealth Management
VantagePoint Capital Partners has invested an undisclosed sum in Beijing MYFP Wealth Management. This is MYFP's first institutional investment placement and VantagePoint’s first investment in China’s financial services sector.
Fairfax unit, headed by Raghavan, seeks Indian investments
Fairfax Financial Holdings is targeting minority or controlling stakes in listed and unlisted companies in India. Investments will be made through its subsidiary Fairbridge Capital, Mint reported.
Sun Art listing delayed due to prospectus oversight
The Hong Kong listing of China’s largest supermarket operator Sun Art Retail Group has been postponed nearly two weeks due to an error in its IPO prospectus. The company, which recently priced its offering at the top end of the range to raise $1.1 billion,...
India's Globals ITes receives first round of strategic funding
Globals ITeS, a Hyderabad based company that develops technology solutions for the education industry, has received funding from Mauritius-based Encore Operating Partners and 1886 Investments, an investment unit of the UK's Commonwealth Education Trust....
Tencent pays $115m for 15% stake in Chinese software company
Chinese software company Kingsoft has agreed to sell a 15.68% stake to leading internet platform Tencent for HK$892 million ($115 million). Tencent will also invest $20 million in Kingsoft’s internet security subsidiary, which counts Matrix Partners...
PEP-backed Collins Food raises $216m through IPO
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners, has raised A$201.8 million ($216.6 million) after pricing its IPO at the bottom of the indicative range, Reuters reported. It is still the largest domestic offering of the...
TLC Capital boosts stake in Uganda-based Indian pharma JV
TLG Capital has increased its stake in Quality Chemicals Industries(QCIL), the Uganda based pharmaceutical manufacturer owned by India’s leading pharmaceutical company CIPLA and Uganda-based Quality Chemicals.
Suntory to set up JV with Carlyle target GarudaFood
Indonesia’s GarudaFood plans to establish a soft drinks joint venture with Suntory, the Japanese corporate thought to have lost out to The Carlyle Group in the final round of bidding for a stake in the company. Suntory is looking to spend around $126...
CIC appoints new CIO
China Investment Corporation (CIC) has appointed Li Keping as its new chief investment officer. Li, who was formerly vice chairman of the $130 billion National Social Security Fund, replaces Gao Xiqing, according to Reuters.
Horsley Bridge appoints Du Chai as MD
Fund-of-funds Horsley Bridge Partners has appointed Du Chai, head of private investments and real assets at Illinois-based Northwestern University, as managing director of its investment team.
Karbonn seeks PE suitors for 15% stake
India's Karbonn Mobiles is looking to sell a 15% stake to private equity buyers for INR6 billion ($135.2 million) to fund expansion plans and consolidate its position as the country's top domestic handset maker, the Wall Street Journal reported.
PE-backed China Forestry expects 1H loss
China Forestry Holdings, which counts The Carlyle Group and Partners Group among its investors, has warned that it is expected to post a loss for the first half of 2011. The Hong Kong-listed company said earlier this year that an investigation into alleged...
CHAMP wants Bright Food to pay $638m for Manassen
CHAMP Private Equity is looking to sell Australia’s Manassen Foods to China Bright Food Group for around A$600 million ($638 million), Dow Jones reported, citing people familiar with the matter. An IPO remains a possibility if the trade sale doesn’t...
PE firms target Indian non-banking financial companies
Private equity firms have invested $200 million in six Indian non-banking financial companies (NBFCs) since the start of the year despite regulators saying they will tighten their grip on the sector, Live Mint reported.
Carlyle registers RMB fund with China's NDRC
A renminbi-denominated fund launched by The Carlyle Group has been registered with the National Development and Reform Commission (NDRC), becoming the first vehicle backed by a foreign firm to receive such approval. Beijing Carlyle Investment Center was...
Lone Star sells suburban Tokyo real estate asset for $381m
US buyout firm Lone Star has sold Yodobashi Multi Media Kichijoji, a commercial building in a west Tokyo suburb, to real estate investment firm Hulic for an estimated JPY30 billion($381 million).
Legend Fighting gets VC funding for martial arts events
Legend Fighting Championship, a producer of mixed martial arts (MMA) fighting shows in Hong Kong and Macau, has received an undisclosed capital commitment from investors CA Media, which is the Asian division of US-based The Chernin Group, and Diamond...
Japan's CyberAgent takes stake in smartphone game developer
CyberAgent Ventures, a Japanese venture capital firm based in Beijing, has taken 25% stake in a Hong Kong smart phone game developer Epicforce Entertainment. The investment - the size of which has not been disclosed - was made through a joint fund set...
Aberdeen launches real estate fund-of-funds in Asia
Singapore-based Aberdeen Asset Management Asia has launched a property fund-of-funds that is expected to raise up to $400million. It will help boost real estate exposure among institutional investors.
Accel targets $125m India venture fund
Accel Partners is targeting a $125 million fund that will be dedicated to India, The Business Standard reported. The California-based venture capital firm is understood to have sounded out various large fund-of-funds about its plans.