26 Jul 2010

NEWS
Hong Leong Gives EON More Time

KIC Confers Real Estate Mandate to Partners Group

Ruinian Quells Market Rumours

INSTITUTIONAL INVESTORS
OPIC to Invest in Pakistan Fund

FUNDS
Blackstone's Latest Buyout Fund Closes at US$13.5 Billion

Avendus Private Equity Launches Its 2nd PIPE Fund

Evolvence Capital Launches Its 3rd India-focused Fund

Emerald Hill Seals off 2nd Fund

Chip Investor in Wuxi Fund

Hainan Greets Its 2nd PE Fund

Orchid Asia Announces Launch of Its 5th Fund

KT Corp. to Find Its Smartphones Via PE Fund

INVESTMENTS
India Venture Advisors Invests in C & C Constructions

India Value Fund May Find Value in UEM

Rabo Equity Adds Vacmet India in Its Deal Package

Global Consortium of Investors Backs Rei Agro

Actis to Buy Halonix's Non-automotive Lighting Business

White Cloud Moves into Kiwi Healthcare

Buyers Said to Woo Pure Foods Co.

Bain to Acquire ASIMCO

Capital Today Makes an Investment Trip with Uzai.com

CCB Healthcare Fund's Non-stop Action

Starr International's PE Deal

JAFCO Funds Consilium

DIVESTMENTS
CVCI Pares Down Its Holdings in JBF Industries

Suzhou Tianma Lists on SZSE

Sequoia Returns to Online Shopping Portal

Camelot Information Systems Lists on NYSE

PEOPLE ON THE MOVE
Gul Mukhey

John Mack and Joseph Yam








Please click the above for excerpts from the latest edition of APER Greater China Edition









News Flash

NEWS

Hong Leong Gives EON More Time

Hong Leong Bank Bhd., which is bidding to acquire EON Capital Bhd. ('EON'), is ready to extend its timeline in this 5.1 billion ringgit takeover to a later date in August. Currently, Primus Pacific Partners is a shareholder in EON. (Malaysia)




KIC Confers Real Estate Mandate to Partners Group

Korea Investment Corporation has awarded the Swiss-based Partners Group the mandate to invest in a broad range of opportunities in the private real estate market. This is the second mandate given to Partners Group by the sovereign wealth fund. (Offshore)




Ruinian Quells Market Rumours

Ruinian International Ltd. ('Ruinian'), backed by GIC Special Investments Pte Ltd., has attempted to address market reports that alleged its products have not been consistent with specifications shown on its packaging. Ruinian makes oral-liquid amino acid products. (People's Republic of China)



INSTITUTIONAL INVESTORS

OPIC to Invest in Pakistan Fund

Overseas Private Investment Corporation will provide US$50 million towards the JS Private Equity Fund II LLC, which has a target capitalisation of US$150 million. (Pakistan)



FUNDS

Blackstone's Latest Buyout Fund Closes at US$13.5 Billion

The Blackstone Group has announced the closing of its sixth global buyout fund, Blackstone Capital Partners VI ('Fund VI') at US$13.5 billion. Fund VI was launched in early 2008 with a target size of US$20 billion. (Global)




Avendus Private Equity Launches Its 2nd PIPE Fund

Avendus PE Investment Advisors Pvt. Ltd. is reportedly establishing its second PIPE fund, Avendus Special Situation Fund II, with a proposed target of US$100 million. (India)




Evolvence Capital Launches Its 3rd India-focused Fund

Dubai-based Evolvence Capital has launched its third India-dedicated fund, according to local reports. Evolvence India Fund II has a target size of US$400 million. (India)




Emerald Hill Seals off 2nd Fund

The Hong Kong-based fund of funds house, Emerald Hill Capital Partners, Ltd, announced the final closing of its Emerald Hill Capital Partners II, L.P., at US$300 million. (Pan-Asia)




Chip Investor in Wuxi Fund

Tallwood Venture Capital, a California-based semiconductor investment company, and the Wuxi New District have established an investment fund that targets integrated circuit-related projects in China, with Wuxi district being the main focus. (People's Republic of China)




Hainan Greets Its 2nd PE Fund

ICBC International Holdings Ltd. has launched the Hainan International Tourism Industrial Fund, which is the second fund that focuses exclusively on Hainan. It is said to have an initial target size of Rmb5 billion (US$738 million). (People's Republic of China)




Orchid Asia Announces Launch of Its 5th Fund

Orchid Asia Group Management Ltd. has announced the launch of its fifth fund with a target size of US$600 million. Orchid Asia V, L.P. will invest in high-growth companies in China. (People's Republic of China)




KT Corp. to Find Its Smartphones Via PE Fund

Korea Telecom Corp., South Korea's leading telecommunication conglomerate, has teamed up with Woongjin Capital to launch a 1 trillion won (US$830 million) Mobile Korea Renaissance Fund. (South Korea)



INVESTMENTS

India Venture Advisors Invests in C & C Constructions

India Venture Advisors, the private equity arm of the Piramal Group, has invested around 500 million rupees (US$10.5 million) in C & C Constructions Ltd. (India)




India Value Fund May Find Value in UEM

India Value Fund Advisors could enlist a water-treatment company in its portfolio, according to market reports. The private equity firm could invest around 900 million rupees (US$19.3 million) in New Delhi-based UEM Group. (India)




Rabo Equity Adds Vacmet India in Its Deal Package

Rabo Equity Advisors will invest around US$11 million in Vacmet India Ltd., which is engaged in the production of packaging materials used in various food and non-food sectors. (India)





Global Consortium of Investors Backs Rei Agro

A consortium of global investors led by The Blackstone Group, has invested around 3 billion rupees (US$60 million) in Rei Agro Ltd., according to local reports. (India)




Actis to Buy Halonix's Non-automotive Lighting Business

Actis will buy out the non-automotive lighting business from Halonix Ltd., formerly known as Phoenix Lamps Ltd. Since 2006, the private equity firm has invested around US$70 million in Halonix Ltd. (India)





White Cloud Moves into Kiwi Healthcare

UK-based angel investor White Cloud Capital has invested in New Zealand health company Atlantis Healthcare. The British firm invested NZ$20 million (US$14.2 million), taking a 50% stake in Atlantis Healthcare. (New Zealand)




Buyers Said to Woo Pure Foods Co.

The Carlyle Group ('Carlyle') reportedly has offered to purchase a substantial interest in San Miguel Pure Foods Co., Inc., a subsidiary of San Miguel Corporation. However, there are also reports that suggested Carlyle has withdrawn its bid. (Philippines)





Bain to Acquire ASIMCO

Bain Capital has reportedly acquired ASIMCO Technologies Ltd., an automobile components manufacturer in China, for US$150 million, in addition to assuming the company's US$10 million debt. (People's Republic of China)




Capital Today Makes an Investment Trip with Uzai.com

Capital Today has invested in Uzai.com, an online travelling service platform in China. According to market reports, Capital Today has deployed around US$5 million. (People's Republic of China)





CCB Healthcare Fund's Non-stop Action

CCB Healthcare Fund Management Co. has reportedly invested an undisclosed amount in Shanghai Kindly Enterprise Development Group, which specialises in the production and distribution of disposable medical devices. (People's Republic of China)





Starr International's PE Deal

Starr International Company, Inc. has invested US$40 million in Top Grade Healthcare Ltd. The latter is engaged in the manufacture and sale of diagnostic imaging equipment and hospital management services in China. (People's Republic of China)





JAFCO Funds Consilium

Singapore-based Consilium Software Inc. has raised an undisclosed amount in a Series A financing from JAFCO Investment (Asia Pacific) Ltd. (Singapore)




DIVESTMENTS

CVCI Pares Down Its Holdings in JBF Industries

Citigroup Venture Capital International has sold its small parcel of shares in JBF Industries Ltd. in the open market, and is estimated to have returned around US$4 million. (India)





Suzhou Tianma Lists on SZSE

Suzhou Tianma Specialty Chemicals Co., Ltd., a chemical company, was listed on the Shenzhen Stock Exchange. It counts Suzhou Guofa Venture Capital Co., Ltd. and Shenzhen Capital Group Co., Ltd. as its investors. (People's Republic of China)





Sequoia Returns to Online Shopping Portal

Sequoia Capital China has reportedly committed to OkayBuy.com.cn for the second time. The investment amount is believed to be over Rmb100 million (US$14.7 million). OkayBuy.com.cn operates an online shopping platform in China. (People's Republic of China)





Camelot Information Systems Lists on NYSE

Camelot Information Systems Inc. ('Camelot'), backed by Citigroup Venture Capital International, has made its debut on the New York Stock Exchange. Camelot is a leading domestic provider of enterprise application services and financial IT services in China. (People's Republic of China)




PEOPLE ON THE MOVE

Gul Mukhey

Mr Gul Mukhey has resigned from HSBC Private Equity Advisors (India) Private Ltd. concluding a 2.5-year tenure as that operation's head. (India)





John Mack and Joseph Yam

China Investment Corporation has appointed Mr John Mack, chairman and former CEO of Morgan Stanley; and Mr Joseph Yam, former chief executive of the Hong Kong Monetary Authority. (People's Republic of China)




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

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