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