2 Aug 2010

NEWS
Sale of Wuxi Pharma Terminated

INSTITUTIONAL INVESTORS
CDC Commits US$30 Million to Multiples Fund

FUNDS
DCM Announces Final Close of Its VI Fund

Telopea Seeks Asian Opportunities

Two VC Funds in Jilin's Biotech and Automobile Industries

Carlyle Completes 1st Closing of Its Rmb Fund

INVESTMENTS
Gaja Capital Invests in Coke & Chemical Producer

Global Consortium May Back Brokerage Firm

Baring India and Matrix Partners Search for Gold

SAIF Buys Danone's Stake in Huiyuan

Legend Capital Strikes Two Deals

IDG to Return to Superdata

DIVESTMENTS
Sanyo: The Cash Cow for PE Investors

New Zealand Yellow Pages Up for Sale

Jiangxi Huawu Brake Lists on ChiNext

Carlyle to Sell Its Taiwan CATV Assets to Tsai Family

PEOPLE ON THE MOVE
Jason Krikorian & Osuke Honda

Heath Zarin








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News Flash

NEWS

Sale of Wuxi Pharma Terminated

US-based Charles River Laboratories International, Inc. has announced the termination of its acquisition of US-listed WuXi PharmaTech (Cayman) Inc., a pharmaceutical and biotechnology company. The latter boasts a prestigious list of investors, including Fidelity Asia Ventures, General Atlantic LLC and Warburg Pincus LLC. (People's Republic China)



INSTITUTIONAL INVESTORS

CDC Commits US$30 Million to Multiples Fund

CDC Group plc announced its commitment of US$30 million to Multiples Private Equity Fund I Ltd., which is managed by Multiples Alternate Asset Management Pvt. Ltd. The fund has a target size of US$450 million. (India)



FUNDS

DCM Announces Final Close of Its VI Fund

Silicon Valley-based DCM has announced the final closing of its sixth fund, at over US$400 million. DCM Fund VI will focus on China, Japan and the US. The venture capital firm also revealed its plans to launch its first renminbi fund. (Global)




Telopea Seeks Asian Opportunities

Australia-based Telopea Capital Partners has announced the launch of its A$200 million (US$167.5 million) Asia Opportunities Fund that will invest in mid-market businesses in Asia. (Pan-Asia)




Two VC Funds in Jilin's Biotech and Automobile Industries

The Jilin government launched two venture capital funds in the province, each with a target size of Rmb1 billion (US$147.5 million). Both funds have received capital from Infotech Pacific Ventures, which is the funding platform of National Development Reform Commission and Ministry of Finance. (People's Republic China)




Carlyle Completes 1st Closing of Its Rmb Fund

The Carlyle Group has completed the first closing of Carlyle Beijing RMB Fund with a target of Rmb5 billion (US$ 740 million). The fund has garnered capital commitment from Beijing State-owned Capital Operation and Management Centre. (People's Republic China)



INVESTMENTS

Gaja Capital Invests in Coke & Chemical Producer

Gaja Capital Partners has invested around 1.3 billion rupees (US$26.6 million) in Haldia Coke & Chemicals Pvt. Ltd., an integrated merchant metallurgical coke producer. (India)




Global Consortium May Back Brokerage Firm

A consortium of global investors including The Blackstone Group, General Atlantic LLC and Advent International is reportedly in talks with Angel Broking Ltd. to invest up to 3 billion rupees (US$64.2 million) in the brokerage firm. (India)




Baring India and Matrix Partners Search for Gold

Baring Private Equity Partners India and Matrix Partners India have invested around 1.6 billion rupees (US$33.6 million) for a minority stake in Muthoot Finance Ltd. (India)




SAIF Buys Danone's Stake in Huiyuan

SAIF Partners has taken up Danone Asia Pte. Ltd.'s 23% stake in Hong Kong-listed China Huiyuan Juice Group Ltd. for HK$2 billion (US$261.3 million). (People's Republic of China)




Legend Capital Strikes Two Deals

Legend Capital has participated in the Rmb56 million (US$8.2 million) investment in eben.cn, which focuses on sales of personal panel computers in China. Separately, Legend Capital is reportedly planning to invest in Yunnan Hongxiang Yixintang Pharmaceutical Co., Ltd., a pharmaceutical retail chain. (People's Republic of China)




IDG to Return to Superdata

IDG Capital Partners ('IDG') has reportedly invested Rmb200 million (US$29.4 million) in Superdata Software Technology (Guangzhou) Ltd., which provides management software services. Superdata was one of IDG's first investments in China. (People's Republic China)



DIVESTMENTS

Sanyo: The Cash Cow for PE Investors

Panasonic Corp. ('Panasonic') is seeking to purchase shares in Sanyo Electric Co., Ltd. ('Sanyo') as well as in one of Sanyo's subsidiary. Sanyo is backed by investors including Goldman Sachs Group Inc. and Daiwa Securities SMBC Principal Investment Co., Ltd. Based on the prevailing market price, this transaction would cost Panasonic an estimated US$10 billion. (Japan)




New Zealand Yellow Pages Up for Sale

Unitas Capital and Teachers' Private Capital, the private equity arm of Ontario Teachers' Pension Plan, are reportedly seeking potential buyers for their New Zealand Yellow Pages Group for around US$700 million. (New Zealand)





Jiangxi Huawu Brake Lists on ChiNext

Jiangxi Huawu Brake Co., Ltd., a manufacturer of industrial brakes and wind-proof devices, which counts Shenzhen CDF-Capital Co., Ltd. and Shenzhen Oriental Fortune Capital Co., Ltd. as its investors, made its debut on ChiNext. (People's Republic China)




Carlyle to Sell Its Taiwan CATV Assets to Tsai Family

The Carlyle Group is reportedly in talks to sell its interest in kbro Co., Ltd. ('kbro') to Taiwan's Tsai family for more than NT$65 billion (US$2 billion). Last year, Taiwan Mobile Co., Ltd. had agreed to buy kbro, but the transaction failed to receive regulatory approval by the deal’s deadline date. (People's Republic China)




PEOPLE ON THE MOVE

Jason Krikorian & Osuke Honda

Silicon Valley-based DCM has appointed Mr Jason Krikorian as a general partner, and also promoted its senior investment member, Mr Osuke Honda, to become a partner. (USA & Japan)




Heath Zarin

Mr Heath Zarin, former chief executive officer and founder of Emergent Investment Group, has joined HSBC as Head of Direct Principal Investments Asia. (Pan-Asia)




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

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