May 11, 2009

News Flash

NEWS

IFC to Invest in China Micro-finance Bank

The International Finance Corp. ('IFC') is considering an investment of up to US$10 million in a network of five to ten Village and Township Banks in China. The VTBs, which are sponsored by Harbin Bank, will be primarily located in areas of Northern China.
       The IFC may also allocate up to US$50 million to Qasim International Container Terminal Ltd to develop a new container terminal adjacent to its existing facility at Port Qasim, Pakistan. (People’s Republic of China)




KDB May Buy KEB

Korea Development Bank, which will be privatised, may buy Korea Exchange Bank ('KEB'), according to Reuters. The purchase, if successful, is seen as a strategic move by the policy financing institution to bolster its customer base. Lone Star currently owns 51% of KEB. (South Korea)



INSTITUTIONAL INVESTORS

Daiwa SMBC Capital to Go Private

The shareholders of the publicly-listed Daiwa SMBC Capital ('Daiwa SMBC') announced their proposal to privatise the venture capital company. Daiwa SMBC is currently majority-owned by Daiwa Securities Group Inc. and Sumitomo Mitsui Banking Corporation. (Japan)




NZ Superannuation Fund Anchors Direct Capital IV

The New Zealand Superannuation Fund ('NZ Super Fund') has pledged up to NZ$50 million (US$28.4 million) to Direct Capital IV Fund. (New Zealand)





Suzhou Government VC to Park Capital in Zotye Auto

SND Ventures Group is to lead a consortium of investors to commit an estimated 720 million yuan (US$106 million) to Zotye Auto Co., Ltd., according to Reuters. (People's Republic of China)



FUNDS

Zhejiang Daily Unveils Media/Culture Fund

Zhejiang Daily has teamed up with China National Tobacco Corporation and the People's Government of Zhejiang Province to set up the 250 million yuan (US$36.7 million) Dongfang Xingkong Cultural Fund. The fund will invest in media and cultural sectors in Zhejiang province. (People’s Republic of China)



INVESTMENTS

Clean Energy Co. Attracts Funds

Deeya Energy, Inc. ('Deeya Energy') has raised US$30 million from a host of investors including Draper Fisher Jurveston, DFJ Element, BlueRun Ventures and New Enterprise Associates ('consortium'). Deeya Energy manufactures systems to store wind, solar and other renewable energy. (India)




Train Operator Receives Injection from India Value Fund

India Value Fund Advisors Private Limited has reportedly made a 2 billion rupee (US$40.2 million) investment for a majority stake in Innovative B2B Logistic Solutions Pvt. Ltd. ('Inlogistics'), according to domestic reports. Inlogistics claims to be India's first private container train operator. (India)




Sequoia Makes Follow-On Investment in Ideacts

Sequoia Capital India Advisors Pvt Ltd. and SVB India Capital Partners ('SVB') have made an investment in Ideacts Innovations Pvt. Ltd. ('Ideacts'), an internet media company. SVB confirmed that it invested US$2.5 million in Ideacts. (India)




Micro-Finance Garners Investment

Bhartiya Samruddhi Finance Limited ('BSFL') has attracted an investment totalling 500 million rupees (US$9.9 million) from a consortium of investors including Lok Capital LLC, Aavishkaar Goodwell India Microfinance Development Company ('Aavishkaaar Goodwell') and Small Industries Development Bank of India. BSFL provides integrated micro-financing to rural communities. (India)




Investors Gush Over MBA Programme for Tots

A consortium of venture investors, including iD TechVentures Inc. ('iD Tech'), DT Capital Partners, and The CID Group has recently invested a total of US$8 million into Everlearn Group. Shanghai-based Everlearn has 31 China centres that provide an early MBA programme to children. (People's Republic of China)




Oceanus Reels-in Investment from AIF Capital

Oceanus Group Ltd. ('Oceanus') has approved an investment of US$25 million from AIF Capital. Listed on the Singapore Exchange Ltd., Oceanus is a China-based company principally engaged in abalone processing and distribution. (People's Republic of China)




KKR Toasts Buyout of Korean Brewery

Kohlberg Kravis Roberts & Co. ('KKR') has entered into an agreement to buy Oriental Brewery Co., Ltd. ('Oriental Brewery') from Anheuser-Busch InBev NV for 2.3 trillion won (US$1.8 billion). Oriental Brewery is South Korea's second largest brewery. (South Korea)


DIVESTMENTS


Chipmaker UMC to Acquire China Rival

United Microelectronics Corporation is to qcquire He Jian Technology (Suzhou) Co., Ltd. ('He Jian') for US$285 million. He Jian was founded in 2001 by a consortium of investors, including Softbank, American International Group, Singapore Economic Development Board, and Daiwa SMBC Capital. (People's Republic of China)




Investors Ponder Buyout of Landwind

Bain Capital and The Goldman Sachs Group, Inc. are reportedly in talks with Citi Venture Capital International ('CVCI') to buy CVCI's Landwind Medical Holdings, a Shanghai-based diagnostic imaging equipment distributor and manufacturer. (People's Republic of China)



Stay tuned for APER's forthcoming issue for full coverage of the above!

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