News
Chinese regulator considers making brokerage PE pilot program full time
A pilot program under which Chinese securities companies participate in private equity investment may be approved for full implementation. Huang Wenyuan, director of the department of institutional investors at the China Securities Regulatory Commission...
Carlyle tipped to choose JPMorgan, Credit Suisse, Citi as IPO underwriters
The Carlyle Group is expected to name JPMorgan, Citigroup and Credit Suisse as the lead underwriters for its IPO, Reuters reported, citing sources familiar with the situation.
Hony Capital participates in Suning private placement
Hony Capital will invest RMB1.2 billion ($185 million) in Suning Appliance, a leading Chinese consumer electronics retailer, as part of a private placement worth up to RMB5.5 billion ($850 million). The private equity firm has agreed to subscribe to 97.56...
KITVEN invests in Indian mapping services provider
Bangalore-based Vidteq India has raised funding from Karnataka Information Technology Venture Capital Fund (KITVEN) for undisclosed amount.
Goldman Sachs takes minority stake in Max India
Goldman Sachs’s private equity unit will acquire a 9.4% stake in Max India, an insurer and hospital operator, for $115 million, according to reports.
Lone Star challenges stock manipulation charges in Korean court
Lone Star will file a petition to void stock manipulation charges leveled against it and Paul Yoo, the head of its South Korea unit, Reuters reported. The move is likely to prolong the private equity firm’s sale of a 51% stake in Korea Exchange Bank (KEB)...
IL&FS targets $300m for fourth India fund
IL&FS Investment Managers, the private equity arm of Infrastructure Leasing & Financial Services, has set a target of $300 million for its Tara India Fund IV. The fund will target growth capital investments primarily in the manufacturing, retail and logistics...
Propel exits Marstel to Norway's Stolt-Nielsen
Propel Investments has agreed to sell its 45% stake in Marstel Holdings, a bulk liquid terminal operator in Australia and New Zealand, to Norwegian firm Stolt-Nielsen for an undisclosed sum. Completion of the transaction is expected to take place in the...
Milestone Religare appoints new managing partners
Srinivas Baratam and Anant Kulkarni have been appointed joint managing partners at Milestone Religare Investment Advisors.
Hony Capital seeks to take foreign tech firms into China
Hony Capital wants to take US and European technology companies into China, exposing them to new markets and adding value to their business, according to John Zhao, the private equity firm’s CEO and managing partner
Unitas, PEP may sell Independent Liquor stake to Chinese firm
China Bright Foods Group is among the potential bidders for a stake in Independent Liquor, a New Zealand beverages group owned by private equity firms Unitas and Pacific Equity Partners (PEP). The Shanghai-based company is keen to expand overseas through...
CITIC Capital, Vector take RAE Systems private
CITIC Capital Partners and Vector Capital, a technology-focused global private equity firm, have completed the acquisition of RAE Systems in a take-private transaction worth approximately $138 million.
CVC completes partial exit from Malaysian gaming company
CVC has completed a partial exit from Magnum, Malaysia’s largest gaming business, receiving $410 million in cash plus an allotment of shares with an approximate current market value of $157 million.
Private equity-backed Apo Plus Station makes healthcare acquisition
Apo Plus Station, a portfolio company of Japanese private equity firm J-Star, has purchased a 40% stake in EBM, a clinical examinations specialist.
Ashmore poised to buy stake in Pakistani fertilizer firm
Private equity firm Ashmore has been granted 90 day extension by the Securities and Exchange Commission of Pakistan to purchase 80% stake in Agritech, formally known as Pak American Fertilizer.
Tokyo Edge Capital to exit Morpho via IPO
Morpho, an image processing services firm that received backing from the University of Tokyo Edge Capital(UTEC), has filed to list on the Tokyo Stock Exchange. The company expects to make its trading debut on July 23.
HarbourVest sees net asset value hit record high
HarbourVest Global Private Equity posted a net asset value of $10.92 per share on Wednesday, its highest ever level. The increase – up 6.6% from January and up 9% since the private equity firm listed in 2007 – was driven by rising portfolio asset value...
TPG, Affinity seek IPO exit from Singapore's UTAC
TPG Capital and Affinity Equity Partners are targeting a $400 million IPO for United Test Assembly Center (UTAC), a Singaporean firm that tests and assembles semiconductors. It is likely to be the largest listing in Singapore this year aside from business...
Banks pitch to underwrite Carlyle's $1b IPO
The Carlyle Group is interviewing banks seeking the mandate to manage its expected $1 billion IPO, Reuters reported, citing a person familiar with the situation. It is thought that the private equity firm will choose the main underwriters by the end of...
Pennsylvania pension fund commits $220m to private equity
Pennsylvania Public Schools Employees’ Retirement System has committed up to $220 million to private equity investments, including $50 million for Orchid Asia V, which focuses on growth capital investments in China.
Venture firms set for windfall from Xunlei IPO
Venture capital investors Morningside Technology Investments, IDG Technology Venture Investment and Ceyuan Funds are on course for profitable exits from Xunlei.com as the Chinese software company filed for a proposed IPO that could raise up to $200 million....
CDC to target Asia, Africa investments exclusively
CDC, a development finance institution that makes private equity investments in emerging markets on the behalf of the UK government, will focus exclusively on South Asia and sub-Saharan Africa, following a year-long review of its activities. These areas...
Carlyle invests in emerging markets hedge fund manager
The Carlyle Group will buy a 55% stake in Emerging Sovereign Group (ESG), a US-based hedge fund manager that focuses on emerging markets, including China, India, South Korea and Southeast Asia.
Private equity-backed Chinese menswear firm targets Hong Kong IPO
China Outfitters Holdings, a portfolio company of Orchid Asia Group Management, plans to raise $230-$300 million through an IPO in Hong Kong, Dow Jones reported, citing a person familiar with the situation.