|
|
|
NEWS
AFFIN May Join the Race for EON Capital Ashmore Investment to Partner with China Everbright INSTITUTIONAL INVESTORS
Khazanah to Raise Its Stake in Parkway FUNDS
Livelihood Industrial Fund Launched in Shandong INVESTMENTS
Healthscope Draws Keen Interest from Investors Carlyle Inks Contract Aviation Archer Capital to Bid for BOOM Logistics Blackstone to Fertilise Its Portfolio SAIF Partners Interested in Catmoss Retail Kotak PE May Invest in Manipal Education and Medical Group Sequoia Buys a Stake in Glass Company HSBC Ventures Directs Avitel Post Studioz Carlyle Backs Dairy Company IDFC Group Leads GMR Energy Riverside Commits to Crystal Oscillator Maker Navis Bids for Container Services Operator Nokia and BlueRun Buys Online Advertising DIVESTMENTS
Affinity May Sell Loscam to CIMC Greater Pacific Capital Sells Stake in Drug Maker Mekong Disrobes from Fashion Retailer Shenzhen Das Intellitech Listed on SZSE PEOPLE ON THE MOVE
Luis Miranda Randall Lee Shan Weijian
News Flash |
|
|
NEWS
Malaysian bank AFFIN Holdings Bhd ('Affin') is the latest to express interest in acquiring EON Capital Bhd. ('EON Capital'), which had earlier enlisted Primus Pacific Partners as its investor. According to local reports, Affin could undertake a general offer to acquire EON Capital for a total consideration of around 5.2 billion ringgits (US$1.6 billion). (Malaysia) Ashmore Investment Management Ltd. will take up a substantial minority stake in Everbright ALAM which is an investment manager specialising in China real estate. (People's Republic of China) INSTITUTIONAL INVESTORS
Khazanah Nasional Bhd. ('Khazanah') has made a conditional cash partial offer to acquire a 27.7% stake in Parkway Holdings Ltd. ('Parkway') that will represent a deployment of S$1.18 billion (US$839 million). This offer, if successful, will raise Khazanah's stake in Parkway to 51.5%. (Singapore) FUNDS
CNStone, a China-focused financial investment company, has entered into an agreement with Bank of Communications and Qingdao National High-tech Industrial Development Zone to set up an industrial fund that has a target size of Rmb2 billion (US$292.8 million). (People's Republic of China) INVESTMENTS
The U.S.-based Tenet Healthcare Corp. is the latest that has expressed interest to acquire Healthscope Ltd. ('Healthscope') which had earlier garnered interest from a long list of private equity investors. Healthscope did not disclose the names of the financial sponsors. According to local reports, they include Bain Capital LLC, CVC Asia Pacific, Kohlberg Kravis Roberts & Co., TPG, and Pacific Equity Partners. The takeover of Healthscope will represent a capital deployment of an approximate A$1.8 billion (US$1.5 billion). (Australia) The Carlyle Group has signed an agreement to purchase Contract Aviation Industries Ltd. that values the company at A$350 million (US$296 million), according to Dow Jones Newswire. (Australia) Archer Capital, joined by mining company McAleese Group Pty Ltd., has submitted a proposal to acquire Australia-listed BOOM Logistics Ltd. ('BOOM'). This would value the crane hire company at A$240 million (US$203 million), representing A$0.52 for each of BOOM's shares. (Australia) The Blackstone Group is reportedly in talks with Burrup Holdings Ltd. ('Burrup') to acquire a stake in the fertiliser company. Burrup is known to be preparing for an initial public offering at the Australian Stock Exchange. (Australia) SAIF Partners is reportedly negotiating to buy a stake in Catmoss Retail Ltd. for around 700 million rupees (US$15.1 million), according to local reports. The target company is a kidswear retail chain operator. (India) Kotak Private Equity Group reportedly could invest around 1.5 billion rupees (US$31.8 million) in Manipal Education and Medical Group International India Pvt. Ltd., which offers education and healthcare services. (India)
Sequoia Capital India has taken a stake in Hindusthan National Glass & Industries Ltd., a glass container manufacturer, for approximately 1.3 million rupees (US$27.4 million). (India) HSBC Private Equity (Asia) Ltd. is said to have invested around US$10.6 million in Mumbai-based Avitel Post Studioz Ltd., which provides end-to-end post production and visual effects services to the media and entertainment industries. (India) The Carlyle Group could invest approximately 1.1 billion rupees (US$23.4 million) in Tirumala Milk Products Pvt. Ltd. ('Tirumala'), according to local reports. Tirumala manufactures dairy products including milk, butter and ghee. (India) A consortium of investors, led by Infrastructure Development Finance Company Ltd., including Argonaut Ventures LLC, Ascent Capital Advisors India Private Ltd. and IDFC Private Equity has invested 4.7 billion rupees (US$99.0 million) in GMR Energy Ltd., which had earlier received capital from Temasek Holdings. (India) The Riverside Company has completed its investment in NAKA & Co., Ltd. for an undisclosed sum. The latter develops and manufactures crystal oscillators. (Japan) Navis Capital Partners Ltd. has made a voluntary conditional cash offer to acquire Eng Kong Holdings Ltd., a warehouse and container services operator. The takeover values the target company at S$77.4 million (US$54.9 million). (Singapore) Nokia Growth Partners and BlueRun Ventures have reportedly invested an aggregate US$20 million in ganji.com, a Chinese classified advertising website, in the latter's second round of financing. (People's Republic of China) DIVESTMENTS
Affinity Equity Partners could be disposing of its Australian pallet maker, Loscam Ltd., to China International Marine Containers (Group) Co., Ltd. The latter has reportedly won the bid to acquire Loscam. The size of the deal is estimated to be close to A$600 million (US$507.4 million). (Australia) Greater Pacific Capital LLP has sold the majority of its holding in the drug manufacturer Torrent Pharmaceuticals Ltd. on the Bombay Stock Exchange, and returned 2.2 billion rupees (US$47.2 million) to its coffers. (India) Mekong Capital has fully divested its stake in Mai Son Joint Stock Company, a luxury fashion retailer in Vietnam, for an undisclosed sum. (Vietnam) Shenzhen Das Intellitech Co., Ltd. ('Das Intellitech'), which counts Shenzhen Capital Group Co., Ltd. as its investor, was listed on the Shenzhen Stock Exchange. Das Intellitech is a building intelligence and energy efficiency service provider. (People's Republic of China) PEOPLE ON THE MOVE
Mr Luis Miranda, president and chief executive officer of IDFC Private Equity, is planning to step down later this year. (India) CVC Capital Partners has appointed Mr Randall Lee as a managing director to its Korea team based in Seoul. (South Korea) Mr Shan Weijian, partner of TPG, will be leaving the U.S. private equity group, concluding a tenure that spanned over 12 years with his existing private equity firm. (Hong Kong) |
|
Stay tuned for APER's forthcoming
issue for full coverage of the above!
To stop receiving this News Flash in future, click here or reply to unsubscribe@asiape.com with "Unsubscribe" in the subject header.
|
|