The Carlyle Group has sold shares of China Pacific Insurance Company (CPIC), equivalent to a 9.6 percent stake, for HKD5.64 billion (approximately US$727.9 million) through an open market transaction on the Hong Kong Stock Exchange. The shares were owned by Carlyle Asia Partners (CAP), The Carlyle Group’s… Read More
Asia-focused credit and special situations investment firm Clearwater Capital has announced the final close of Clearwater Capital Partners IV with US$575 million in total commitments. Clearwater raised capital from a variety of investors including corporate and state pension plans, fund of funds, endowments, foundations and family offices in the… Read More
Legend Capital, the venture capital arm of China-based investment group Legend Holdings, has invested RMB100 million (approximately US$15.8 million) in cosmetic retailer Yesa Cosmetic Group. Yesa, which carries five in-house cosmetic lines, as well as global brands, currently has 70 stores across China with plans to reach 300 by… Read More
Malaysia-based private equity firm Navis Capital Partners has sold its 100 percent stake in Indian restaurant chain Nirula’s Corner House through a strategic sale to A2Z Excursions, an India-based hotel, travel and real estate group, for an undisclosed amount. Navis Capital Partners purchased a controlling stake in… Read More
Despite the shadows cast by Europe’s economic troubles and concerns of slowing economic growth in many emerging markets, most of the 875 participants attending the 14th Annual Global Private Equity Conference, co-hosted by EMPEA and IFC, were upbeat as they shared strategies and ideas on how to prevail as… Read More
South and Southeast Asia-focused private equity firm Creador Capital has invested US$28 million in Indonesian pay TV operator MNC Skyvision’s IPO. Creador’s investment, which includes US$13 million from a co-investor, was equal to approximately 13 percent of the US$228 million on offer. Skyvision is Creador’s second deal in Southeast… Read More
Zhou Hei Ya, a Chinese food company specializing in the processing and sale of ducks and geese, has completed an RMB150 million (approximately US$24 million) Series B financing round led by China-focused venture capital firms Tiantu Capital and IDG Capital Partners. Tiantu Capital led Zhou Hei Ya’s RMB60 million… Read More
Global private equity fund of funds manager Pantheon has reportedly secured more than US$700 million in total commitments for its sixth Asia-focused fund. Pantheon Asia Fund VI will seek to invest in 25 to 30 venture capital, buyout and sector-focused funds across the region. Read More
South and Southeast Asia-focused private equity firm Navis Capital Partners has sold its majority stake in Indian financial products distributor Andromeda Sales and Distribution (Andromeda DSD) to Casa Capital Management, a financial services holding company. Navis acquired Andromeda DSD through Navis Asia Fund V in December 2007. Financial terms… Read More
Malaysia-based hospital operator IHH Healthcare has raised over MYR6.3 billion (approximately US$2 billion) from its IPO after pricing the offering at MYR2.80 per share. IHH sold 2.23 billion shares, of which 1.8 billion were new and approximately 430 million were secondary shares held by Dubai-headquartered private equity fund manager… Read More
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