News
Lazard seeks Asian partner for Australia's Unibic
Lazard is looking for Asian partners interested in buying a stake in Australian biscuit manufacturer Unibic. The private equity firm wants a strategic partner for its portfolio company who can help develop the business and increase exports to Asia.
CalPERS appoints new PE head
The California Public Employees' Retirement System (CalPERS), the largest US public pension fund, has appointed Real Desrochers to head its $49 billion private equity portfolio, the Los Angeles Times reported.
US PE firm invests in Hyderabad real estate project
US private equity firm Monsoon Capital has paid nearly $16 million for a 50% stake in a five-star hotel and residential complex in Hyderabad’s IT district, Business Standard reported.
Macquarie, China Everbright make first close on infrastructure fund
Macquarie Group and China Everbright have made the first close on their joint China infrastructure fund, securing total commitments of $479 million. They are targeting a final close in 2012.
Archer Capital buys fast-food chains from Quadrant
Australia’s Archer Capital has bought Quick Service Restaurant Holdings (QSRH) – the company behind local fast-food chains Red Rooster, Oporto and Chicken Treat – from Quadrant Private Equity for A$450 million ($474 million).
Indian affordable healthcare group secures $10m in venture funding
Singapore’s Aquarius India Fund and Seedfund have participated in a $10 million third round of funding for Vaatsalya Healthcare, which operates in semi-urban and rural India, Economic Times reported. Bangalore-based Vaatsalya will use the capital to expand...
Lazard PE unit to own up to 25% in Australia's Hastie Group
Lazard’s private equity unit will acquire between 16% and 25% of Hastie Group by participating in the struggling technical services firm’s A$170 million ($180 million) share offering. Lazard, which will be entitled to one board seat, has agreed to a 12-month...
Apax to bid for Indian transaction processing firm – report
Apax Partners is considering the purchase of a majority stake in Computer Age Management Services (CAMS), India’s leading mutual fund registry and transaction processing firm, the Times of India reported, citing people familiar with the situation.
CVCI to close Japan office
The Japan office of Citi Ventura Capital International (CVCI) is set to close, having failed to find any attractive investments, Reuters reported, citing people familiar with the situation.
China's Eshop receives series A financing from Sequoia
Sequoia Capital and Xianfeng Huaxing Venture Capital have participated in a round of series A financing for Beijing-based e-commerce management company Eshop.
China's Co-Win Venture closes fifth fund at $385.4m
Shenzhen-based Co-Win Venture Capital Investment has closed its fifth fund, raising a total of RMB2.5 billion ($385.4 million).
IFC invests $4m in Sapphire Industrial Infrustructure
The International Finance Corporation (IFC), the investment arm of the World Bank, has injected $4 million in India’s Sapphire Industrial Infrastructures, a tin film solar plant operator.
Morgan Stanley's China JV brokerage opens for business
Morgan Stanley's brokerage joint venture in China with Huaxin Securities has begun operations, having received a business license on May 30.
Carlyle nears first direct investment in Indonesia
US private equity firm The Carlyle Group is closing in on a 25% stake worth $200 million in GarudaFood, an Indonesian food and beverage company, Reuters reported.
Advantage Partners completes takeover of GTA TeleGuam
Japanese buyout firm Advantage Partners (AP) finally completed its takeover of GTA TeleGuam, Guam’s leading telecom operator.The selling party is Shamrock Capital Advisors, a California-based private equity firm that obtained GTA from the Guam government...
INCJ to hold majority stake in Toshiba, Sony LCD panel unit
The Innovative Network of Japan(INCJ), a government-run investment fund, will take a majority stake in Toshiba and Sony's consolidated LCD panels business.
MGPA Asia III takes 50% stake in Galleria Chengdu
MGPA, the private equity real estate investment advisory firm, has acquired a 50% interest in Galleria Chengdu, a newly completed commercial mall in the western China city of Chengdu.
CVC-backed Samsonite raises $1.25b in Hong Kong IPO
Private equity-backed luggage maker Samsonite raised $1.25 billion in its Hong Kong IPO after pricing shares at the bottom of a revised price range.
Baird buys into Chinese valve firm
Baird Capital Partners Asia (BCPA) has invested in Jiangsu Xinghe Valve, a Chinese company that produces instrumentation valves and fittings. The devices are used in the oil and gas, petrochemical, nuclear power and waste water industries among others....
Affinity Equity Partners, Unitas Capital exit Chinese drive manufacturer
Affinity Equity Partners and Unitas Capital have exited Leader & Harvest Technologies Holdings, a Chinese manufacturer of medium voltage drives, through a $650 million sale to Schneider Electric. The private equity firms are leaving with a 3x return on...
Composition Partners strengthens Hong Kong team
Amsterdam-based investment manager Composition Capital Partners has relocated Roderik Mulder, CFO and chief risk officer, to Hong Kong as part of wider efforts to expand its Asian operations.
LED developer gets first financing from GSR Ventures
Chinese LED manufacturer SunSun Lighting has received $10 million in Series A financing from GSR ventures, an early stage venture capital firm. The company will use the funding to improve its technology with a view to establishing itself as a major player...
Tokio Marine, GOL to launch Japanese SME fund
Tokio Marine Asset Management (TMAM) and Governance for Owners LLP (GOL) will launch the TMAM-GO Japan Engagement Fund (JEF) to invest in listed companies in Japan to help company to improve long term performance. The fund size was not specified, but...
Avenue Capital, Harmony seek exit from Indonesian bank
Avenue Capital Group and Harmony Capital Partners, along with other investors, plan to exit a 34.6% holding in Indonesian lender Bank Mayapada Internasional (BMI), Reuters reported, citing sources familiar with the situation. The shareholders are said...