Global alternative asset manager The Carlyle Group and investment management services provider The Townsend Group have announced a partnership with China-based warehouse developer Shanghai Yupei Group to invest in 17 warehouses in China. The Carlyle Group, structured through Carlyle Asia Real Estate, and The Townsend Group will commit approximately… Read More
Creador, a private equity firm focused on growth investments in Indonesia, Malaysia, Singapore and India, held a US$105 million first close on its second fund with capital commitments coming largely from existing LPs. Expecting to close in early 2014, Creador’s Fund II is targeting US$250 million and will focus… Read More
L Capital Asia, the Asian private equity business sponsored by global luxury goods distributor LVMH Group, LVMH’s chairman and chief executive officer Bernard Arnault’s holding company Groupe Arnault and Malaysian conglomerate YTL, has made a first and final close on its second fund at US$950 million, reaching the fund’s… Read More
Global private investment firm TPG has agreed to invest US$108.6 million in China-based residential real estate developer Xinyuan Real Estate for about a 20 percent stake. Through the transaction, TPG will purchase convertible notes worth US$75.8 million and common shares worth US$32.9 million. Xinyuan intends to use the capital… Read More
Global private investment firm TPG has acquired a 22.7 percent stake in India-based non-banking financial services company (NBFC) Shriram City Union Finance. The transaction, which was structured through TPG India Investment I, involved the merger of Shriram Enterprise Holdings with Shriram Retail Holdings, and the subsequent merger of the… Read More
Global financial institution ING has reached an agreement to sell ING Life Korea, its wholly owned life insurance business in South Korea, to North Asia-focused private equity firm MBK Partners for a total purchase price of about KRW1.8 trillion (approximately US$1.6 billion). Of the total purchase price, MBK will… Read More
Singapore-based private equity firm KV Asia Capital has announced the final close of its first fund, KV Asia Capital Fund I, at US$263 million, exceeding its US$250 million target. The fund, which held its first close at US$100 million in October 2012, will focus on investment opportunities in Southeast… Read More
Asia-focused private equity firm Baring Private Equity Asia (BPEA) has signed definitive agreements with Hexaware Technologies, a global provider of IT and business process outsourcing services, to purchase a 41.8 percent stake in Hexaware for INR15.8 billion to INR16.9 billion (approximately US$242 million to US$260 million). BPEA will buy… Read More
EMPEA sat down with Henry McVey, Member & Head of Global Macro and Asset Allocation at KKR & Co. LP, to discuss his latest installment in the KKR Insights series, “Indonesia: Transitioning Potential Into Reality”, and broader macrotrends across Asia. KKR is a global investment firm with US$83.5 billion in… Read More
At its May meeting in Washington, EMPEA’s Legal and Regulatory Council discussed the regulatory changes facing the private equity industry and the likely impact of those changes on the membership of EMPEA. The Council concluded that some of the changes, such as the European Alternative Investment Fund Managers Directive (AIFMD),… Read More
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