News
Thailand state pension fund may start investing overseas
Thailand Government Pension Fund (GPF), the sovereign wealth fund with assets totaling THB400 billion($13.2 billion), plans to invest overseas later this year. It is likely to target real estate funds, according to reports.
GMR Airports gets second round of PE investment this year
GMR Airports Holding has secured its second round of private equity investment this year, receiving $131 million through the issuance of compulsorily convertible preference shares.
Pegatron, Mitsui invest in Israel's Valens Semiconductor
Taiwan-based Pegatron and Japan's Mitsui & Co. Global Investment have participated in a $14 million Series B financing round for Israeli firm Valens Semiconductor.
SingTel's Innov8 leads Series A investment in Dealised
Singapore-based group buying start-up Dealised has received $5.35 million in a Series A funding round led by SingTel Group’s corporate venture fund SingTel Innov8. The financing tranche also includes Australian-based venture investor Yuuwa Capital.
Simon Borrows named CIO of 3i
UK-based 3i Group has appointed Simon Borrows, chairman of Greenhill & Co. International, to the post of chief investment officer, effective this fall. Borrows, who will take a seat on 3i’s board of directors, has a longstanding relationship with the...
IDG invests in Hong Kong's App Annie
IDG Capital Partners has participated in the first round of private equity financing round for App Annie, a Hong Kong-based analytics and marketing intelligence provider. The size of the investment has not been revealed.
Archer's fifth fund could reach $1.5b
Archer Capital’s much talked-of fifth fund could reach A$1.4 billion ($1.5 billion), with Future Fund expected to sign up as an investor, The Australian reported. The fundraising target was previously said to be A$ 1.2 billion ($1.27 billion).
Century Bridge exits from China real estate project
Century Bridge Capital has cashed out of its $125 million joint venture with Jia Heng Real Estate. It is the Dallas-based private equity firm’s first exit from an investment in China. Terms of the exit were not released.
Blackstone-backed Bluestar relaunches IPO efforts
Bluestar Adisseo Nutrition Group, which is part-owned by Blackstone Group, is targeting a $1.5 billion dual listing in Hong Kong and Paris, the Wall Street Journal reported, citing people familiar with the situation.
Blackstone's new fund tipped to reach $16b
Blackstone Group is set to raise a higher-than-expected $16 billion for its latest fund due to strong investor interest, primarily from sovereign wealth funds, Reuters reported, citing a source familiar with the matter. Last year, Blackstone COO Tony...
Blackstone, GIC unit look at LaSalle Japanese realty assets
Blackstone Group and Global Logistic Properties, which is majority-owned by the Government of Singapore Investment Corp. (GIC), are involved in separate talks to buy 20 industrial properties in Japan, the Wall Street Journal reported. The assets, thought...
IL&FS invests $22.5m in Jyothy Fabricare
IL&FS Investment Managers has invested INR1 billion ($22.5 million) in Jyothy Fabricare Services (JFS), a washing and dry cleaning manager that services both retail and institutional clients.
TPG hires Bain Capital's MD for its China team
TPG Capital has recruited Jingsheng Huang, a Shanghai-based managing director at Bain Capital, as it looks to boost its China expertise. He is expected to start his new role in late August, Reuters reported.
GSR Ventures closes fourth fund at $350m
GSR Ventures has closed its fourth fund at $350 million after it was substantially oversubscribed. The firm, which focuses on early-stage technology deals in China, said that existing investors contributed over 80% of the capital.
Temasek reduces holdings in Bank of China, China Construction Bank
Temasek Holdings, Singapore’s second-largest sovereign wealth fund, has reduced its holdings in Bank of China and China Construction Bank in order to scale back on its financial sector exposure, raising around $3.6 billion in the process.
Shareholders may vote to outst 3i CEO Michael Queen
The future of 3i Group CEO Michael Queen has been called into question after reports that the firm’s top investors may vote against his reappointment at a board meeting Wednesday. Investors are unhappy with Queen’s plan to reinvest capital that would...
PAI sells Kwik Fit to Japanese conglomerate Itochu
French private equity firm PAI Partners has completed the sale of UK auto parts dealer Kwik Fit to Japanese trading conglomerate Itochu for £637million ($1 billion), which includes the acquisition of £457 million ($733 million) in debt.
Lone Star, Hana extend KEB talks to December
Lone Star will have to wait until December to sell its controlling stake in Korea Exchange Bank to South Korean financial conglomerate Hana Financial for $4.3 billion.
North American property funds dominate 2Q fundraising
North America property funds accounted for most of the $11.2 billion raised by private equity funds with a final close in the second quarter of 2011, according to research firm Preqin. Total commitments were up on the $8.9 billion raised in the first...
Carlyle sells majority stake in Newgen to PE consortium
The Carlyle Group has sold its majority stake in Chennai-based publishing and data services firm Newgen to a private equity consortium comprising Franklin Templeton Private Equity Strategy, Aureos South Asia Fund and ePlanet Capital. Financial details...
SCPE takes stake in Redington India
Standard Chartered Private Equity (SCPE) has acquired a 10% stake in IT products distributor and supply chain manager Redington India for INR365 crore ($82 million), The Times of India reported. The stake was acquired from Redington’s promoters, Taiwanese...
Nestle in talks with Baring-backed Chinese confectionary company
Nestle is negotiating a potential investment in Hsu Fu Chi, a Chinese confectionary company in which Baring Private Equity Asia is a minority shareholder. Singapore-listed Hsu Fu China is China’s largest publicly held confectionary company. It is worth...
CDB to invest in MP Pacific Harbor Capital
China Development Bank (CDB) is poised to become a cornerstone investor in MP Pacific Harbor Capital, an Asian credit fund, as part of a wider initiative to take stakes in private equity and hedge funds.
PEP-backed Collins Foods seeks to raise $255m through IPO
Collins Foods, the Australian fast-food group owned by Pacific Equity Partners, plans to raise up to A$238 million ($255 million) through an IPO. The firm will offer 81.6 million shares priced at A$2.50-2.92 apiece in what is potentially Australia’s largest...