News
Hony Capital buys $36m stake in Chinasoft International
Hony Capital has agreed to purchase a $36 million stake in Chinasoft International, an IT application developer. The deal will see Hony recommend Chinasoft as an IT services provider to its portfolio companies.
Blackstone closes in on Securitrans India
Blackstone is close to acquiring Securitrans India, the cash management arm of security services provider APS group, for around INR150 crore ($33.6 million), the Economic Times reported, citing a person with direct knowledge of the deal. The private equity...
Ho Ching tipped to leave Temasek in summer
The CEO of Temasek, Ho Ching, is likely to leave her position in August, the Financial Times reported, citing people familiar with the situation. Ho has been married to Lee Hsien Loong, Singapore’s prime minister, since 1985. Lee recently became chairman...
TPG buys stake in Indian ATM services provider
TPG will pay around INR150 crore ($33.6 million) for a 20% stake in AGS Transact Technologies, which provides ATM services to banks. Ravi Goyal, managing director of AGS, confirmed that the US private equity firm has purchased a “substantial stake,” the...
PE-backed Royal Adelaide Hospital set for construction
The private equity backers of the SA Health Partnership have finalized the A$1.85 billion ($1.9 billion) construction of the new Royal Adelaide Hospital, touted as one of the market’s largest public-private partnerships (PPP) to date.
GIC names new private equity chief
Government of Singapore Investment Corp. (GIC), Singapore’s leading sovereign wealth fund, has appointed a new private equity head as part of a significant personnel shift that sees younger people move into senior roles.
Pacific Road seeks $500m for new mining buyout fund
Pacific Road Capital Management, which targets buyouts in the mining sector, is planning to raise $500 million for its second fund. The Australian firm, which has invested in approximately 11 mining companies through its $320 million Resources Fund I,...
Samena Capital launches $700m special situations fund
Samena Capital has launched its second special situations fund with a target of $700 million. The company – whose name derives from the regions in which it invests: subcontinent, Asia, Middle East and North Africa – has already received commitments in...
Lazard PE arm invests in Australian oil and gas consultancy
The private equity arm of Lazard has become an investor in RISC, taking a 41% stake in the Australian oil and gas consultancy for an undisclosed sum. Under the deal, RISC will also form a strategic alliance with Lazard, giving the consultancy wider exposure...
Archer Capital wins race for Australian hospital group
Archer Capital has bought Healthe Care, Australia’s third-largest hospital group, from CHAMP Ventures for $240 million. Pacific Equity Partners was the only other serious bidder, with Quadrant Private Equity pulling out, the Australian reported.
TPG pays $100m for 15% stake in Shriram Properties
TPG has bought a 15% holding in Shriram Properties, the real estate arm of Indian financial services player Shirarm Group, for INR450 crore ($100 million).
Huaneng Renewables in $800m Hong Kong IPO
Huaneng Renewables has raised HKD6.23 billion ($800 million) through its second attempt at an IPO in Hong Kong, supported by cornerstone investors including China Investment Corporation, Temasek Holdings and Standard Chartered Private Equity (SCPE).
AMP names Davies global head of infrastructure
Australia-based AMP Capital Investors has appointed former Macquarie Capital executive Scott Davies as its global head of infrastructure, replacing Phil Garling who is set to retire.
Auction for 25% RBH stake to move forward - report
Abu Dhabi Commercial Bank (ADCB) is reportedly set to move forward with its 25% stake sale in RHB Bank, despite news that two rival banks would launch acquisition bids for Malaysia’s fifth-largest lender. ADCB’s auction process is expected to attract...
KPCB takes on life sciences expert in Shanghai
KPCB have taken on life sciences expert James Huang as a partner in its Shanghai office. Huang was previously managing partner at Vivo Ventures, a venture capital firm specializing in life science investments.
KKR in talks to raise stake in Indian power company
KKR is to purchase an 11% stake in Avantha Power & Infrastructure for $75 million, taking its total holding in the Indian company to just over 20%. A senior official with the company told the Economic Times that the two parties were in advanced discussions...
Baring makes Singaporean education acquisition
Baring Private Equity Partners Asia has acquired the tertiary education business of Singaporean education and training institution PSB Academy for an undisclosed amount.
Mongolian PE fund targets South Korean investors
Seoul-based private equity firm Doran Capital Partners and Eurasia Capital, the Asia-focused investment bank, are raising a $100 million PE fund targeting Mongolia. The two companies have approached LPs in Korea to fund the vehicle.
Affinity, Unitas launch second round of Beijing Leader auction
Affinity Equity Partners and Unitas Capital have advanced ABB and Schneider Electric to the second round of the auction process for portfolio firm Beijing Leader & Harvest Technologies. The PE firms are aiming to raise as much as $700 million, Reuters...
KEB sale delayed again
Lone Star’s protracted effort to offload its 51% stake in Korea Exchange Bank (KEB) to Hana Financial Group has been delayed once gain, this time by six months, amid lingering regulatory questions.
Origo buys stake in Chinese molybdenum miner
China-focused Origo Partners has purchased a 20% stake in Moly World, a molybdenum miner based in Inner Mongolia, for $10 million. As part of the deal, Origo Resources International, a commodities trading firm owned by the private equity firm, will receive...
Highland Capital's China team plans for spin out
Highland Capital Partners’ Shanghai-based investment team is reportedly set to raise a fund independently, though it will retain ties to the US-based venture capital investor.
New reliance fund to seek overseas LPs
Reliance Equity Advisors (India) is looking to start a $250-$300 million fund by the end of the year, relying on overseas investors for capital, the Wall Street Journal reports.
Relauched WestBridge raises $200m - report
Three months after Sequoia Capital India’s founding partners departed to relaunch WestBridge Capital Partners, their new fund has reportedly raised approximately $200 million for domestic investments, en route to a $500 million target.