News
Bondholders threaten takeover of failed Japanese consumer lender
A&P Financial’s court-mandated takeover of Japan’s Takefuji Corp. could be derailed after bondholders in Takefuji sought to force the consumer lender into liquidation with a view to seeing a better recovery from their investment, Reuters reported.
Bright Food considers Treasury Wine bid - report
Shanghai-based food producer Bright Food Group is considering buying Australia’s Treasury Wine Estates, the brand that was spun off by beer maker Foster’s Group last month, Bloomberg reported.
Lexington closes largest-ever secondaries fund at $7b
Lexington Partners has closed its latest secondary fund at $7 billion, making it the largest-ever secondaries offering, Dow Jones reported, citing people familiar with the situation. The fund includes separate accounts – including one held by China Investment...
Nomura to launch India infrastructure fund in September
Nomura Holdings plans to launch its $500 million India-focused $500 infrastructure fund in September, according to Vikas Sharma, the Japanese asset manager's country head for India. The launch date is a couple of months later than originally expected....
SCPE takes 49% stake in Doosan Industrial Vehicle
Standard Chartered Private Equity (SCPE), has taken 49% stake in South Korea’s largest forklift manufacturer Doosan Industrial Vehicle (DIV) for undisclosed sum. Sources indicate the deal is worth about $230 million.
3i Southeast Asia head Mark Thornton to exit firm
Mark Thornton, a founding member of 3i Group’s Southeast Asia team, is to depart the private equity firm for undisclosed reasons. 3i’s head of Asia Anil Ahuja will inherit Thornton’s duties and lead the firm's Singaporean and Indian businesses, according...
Management, private equity launch takeover bid for China Natural Gas
China Natural Gas, a NASDAQ-listed compressed natural gas provider, plans to go private, backed by a group comprising the company chairman and CEO and Themes Investment Partners. Ji Qinan, the chairman and CEO, has entered into an exclusivity agreement...
CMIA's $200m fund to focus on China agribusiness, healthcare
CMIA Capital Partners has launched its fourth growth capital fund, worth $200 million, which will primarily seek out opportunities in China, notably in the agricultural sector.
OPIC to support Asia's energy spaces
OPIC, a US government-backed development finance institution, has approved a $62 million capital injection into the Renewable Energy Asia Fund, which has so far raised $125 million.
IPO exits twice as popular in China as in India – study
Private equity investments in China are twice as likely to result in an IPO exit as investments in India, where M&A remains the preferred route, according to new research published by LGT Capital Partners and INSEAD’s global private equity initiative....
Malaysia, Singapore SWFs jointly develop realty projects
Sovereign wealth funds Khazanah Nasional Berhad of Malaysia and Temasek Holdings of Singapore have established a 60/40 real estate joint venture, respectively, called M+S Pte. Ltd. to develop four land parcels in Singapore's Marina South and Ophir-Rochor...
Australia's PE-backed Barminco pulls IPO
Mining contractor Barminco, which is majority-owned by Gresham Private Equity, has pulled out of its $580 million IPO. It is the latest in a string of Australian companies to stall listing plans amid market volatility.
Vogo, Tstobe, MBK participate in South Korea's Woori auction
Three South Korean private equity funds, Vogo Fund, Tstone and MBK Partners, have emerged as potential bidders to purchase the government's 57% controlling stake in Woori Financial Holdings, worth an estimated $6 billion .
AgBank launches $2.3b private equity fund in Wuxi
Agricultural Bank of China and the Wuxi city government have launched a RMB15 billion ($2.3 billion) private equity fund. The AgBank (Wuxi) Private Equity Fund will receive an initial capital injection of RMB5 billion ($773 million).
Apollo to invest $500 million in Welspun and its subsidiaries
Apollo Global Management is to invest up to INR2,250 crore ($502.9 million) in India-based pipe manufacturer Welspun Corp. (WCL). It is one of the largest private equity transactions in India this year and the largest that Apollo has made in the market...
CLSA Capital Partners appoints new fundraising head
CLSA Capital Partners has appointed Juliana Wood to lead its marketing and fundraising operations from Singapore. In this capacity, she will report to COO Randy Wilbert.
KKR gets green light for Saudi Arabia operation
KKR has been awarded a license to operate in Saudi Arabia. The private equity firm sees considerable fundraising potential in the country in addition to investment opportunities across the region.
NSSF reaches out to private equity firms
The National Council for Social Security Fund (NSSF), China’s state pension fund and best-known LP, is reaching out to private equity firms as it seeks to ramp up investments. It recently signed an agreement with one PE firm, is conducting due diligence...
JAIC to set up fund joint venture in Tianjian
Japan Asia Investment (JAIC) has set up a joint venture investment management company in Tianjin, according to one of its partners. A spokesman for the Tianjin Eco-City Management Committee said it was participating in the company alongside China Binhai...
DLA Holdings participates in TravelShark fundraising
DLA Holdings, the Singapore-based private equity firm, has invested $5 million in leading online travel network TravelShark. This latest round of financing takes the company’s total fundraising activity to $8 million.
Chinese fast food chain gets first institutional investment
MUS Roosevelt Capital Partners has committed an undisclosed sum to Chinese fast-food restaurant chain Origus, marking the asset’s first institutional investment.
Castle Minerals issues shares for Ghana gold exploration
Castle Minerals has raised $4.8 million through an equity issue to Resource Capital Funds, a Denver-based PE fund focusing on the mining industry, as well as to existing shareholders.
VC firms, Mayo Clinic lead investment in Wuhan Kindstar
WI Harper Group, Baird Capital Partners, Morningside Ventures and the Mayo Clinic have committed $11 million in a Series B funding to Wuhan Kindstar Diagnostics, a clinical testing service provider in China.
GIC among cornerstone investors in Sun Art Retail IPO
The Government of Singapore Investment Corp. (GIC) is one of nine cornerstone investors that have committed $420 million for up to 40% of Chinese supermarket operator Sun Art Retail Group's Hong Kong IPO.