26 April 2010

News Flash

NEWS

Former Manager Sues JP Morgan

Mr Varun Bery, former Managing Director of JP Morgan Private Capital Asia Advisors Ltd., has filed his complaints at the Court of First Instance of Hong Kong against his former employer, seeking compensation of US$30.8 million. Mr Bery left the firm in November last year. (Pan-Asia)




Hopu Reportedly in China Yurun's Placement

A group of investors led by Hopu Investment Management Co. are reportedly participating in the share placement of the Hong Kong-listed China Yurun Food Group Ltd. Local reports revealed that Temasek Holdings will also subscribe to the meat product manufacturer’s shares. (People's Republic of China)




INSTITUTIONAL INVESTORS

CIC to Invest in L'Occitane

China Investment Corporation will invest US$50 million at the initial public offering of L'Occitane International S.A., which is scheduled to be listed on The Stock Exchange of Hong Kong in the coming weeks. (France)




IFC Could Consider Solar Company

International Finance Corporation is planning to commit US$21 million to Applied Solar Technologies (India) Pvt. Ltd. ('AST'), a solar PV based off-grid power solution company in India. (India)




IFC May Invest in Clean Resources Fund

International Finance Corporation is considering investing in a clean technology fund managed by CLSA Capital Partners Ltd. Clean Resources Asia Growth Fund, LP has a target fund size of US$200 million. (Pan-Asia)




FUNDS

Former Milestone Director Forms New PE Fund

Beijing-based Junion Capital Management has achieved the first closing of its Rmb1 billion (US$146.5 million) maiden fund. The fund is initiated by Mr Juyuan Liang, a former director of Milestone Capital Management Ltd. (People's Republic of China)




Liaoning Province Launches an Industrial Fund

The People's Government of Liaoning province has established the Liaoning Coastal Economic Development Fund, which will be managed by China Sciences & Merchants Investment (Fund) Management Co., Ltd.. The fund has a target size of Rmb20 billion (US$2.9 billion). (People's Republic of China)



INVESTMENTS

AIF in Contraceptives

AIF Capital Ltd. has invested 1.75 billion rupees (US$40 million) in Famy Care Ltd. ('Famy'), one of the largest female oral contraceptives manufacturers on the globe. (India)





Helion Venture Leads Funding in PubMatic

Helion Venture Partners has led the third round of financing of US$7.5 million in PubMatic, which provides ad monetisation and management solutions to online publishers. (India)




PE Heavyweights Pour Capital into Coffee Day Resorts

Kohlberg Kravis Roberts & Co., together with Standard Chartered Private Equity and New Silk Route Partners have committed an aggregate 9.6 billion rupees (US$210 million) in Coffee Day Resorts. (India)




Hopu Could Take Coal Train Rides in Indonesia

Hopu Investment Management and a private equity unit of China Development Bank are reportedly in talks to finance a US$1.3 billion new railway for the coal miner PT Tambang Batubara Bukit Asam Tbk in Sumatra, Indonesia. No transaction sum is known. (Indonesia)




KKR and Bayer to Invest in Hospital Chain

Kohlberg Kravis Roberts & Co. and Bayer AG reportedly have invested in United Family Hospitals and Clinics ('UFH'), a subsidiary of Chindex International, Inc. UFH is a healthcare organisation which provides integrated healthcare services. (People's Republic of China)





Walden and CDH Support Logistics Provider

Walden International has teamed up with CDH Investments in the Series B round of financing in Best Logistics Technologies Ltd., a logistics management system provider in China. (People's Republic of China)





Tiantu Capital Says Yes to BLOVES

BLOVES Inc. has received Rmb30 million (US$4.4 million) of capital from Tiantu Capital, according to local news. BLOVES Inc. is an online shopping website for wedding rings and accessories. (People's Republic of China)





Shenzhen Fortune in Construction

Shenzhen Fortune Venture Capital Co., Ltd. has invested Rmb70 million (US$10.3 million) in Changsha Ju Xing Light Construction Materials Co., Ltd., which engages in the construction of new structures. (People's Republic of China)





JAFCO Asia, PAC-LINK in Synerchip

A consortium of investors led by JAFCO Asia and PAC-LINK Management Corp. has invested an aggregate US$10.5 million in a Series C financing of Synerchip Co., Ltd., a fabless semiconductor company with operations in Silicon Valley and Asia. (People's Republic of China)




DIVESTMENTS

CVCI Pares Down Jubilant Organosys Stake

Citi Venture Capital International ('CVCI') has pared down its holdings in Jubilant Organosys Ltd., a life sciences and pharmaceutical company, through the open markets. In this latest round of realisation, CVCI clocked a return of 599.1 million rupees (US$13.5 million). (India)





Trikona Exits from Fortis Healthcare

Trikona Trinity Capital plc has completed its exit from Fortis Healthcare Ltd. and recorded a returned capital that aggregated to 1.3 billion rupees (US$28.8 million). (India)





Origin Water Technology Listed on SZSE

Beijing Origin Water Technology Co., Ltd. ('Origin Water'), backed by Tripod Capital, was listed on the Shenzhen Stock Exchange. Origin Water provides filtration systems for municipal and industrial sewage treatment. (People's Republic of China)




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

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