L Capital Asia, the private equity fund sponsored by global luxury goods distributor LVMH Group, Groupe Arnault and YTL, has raised US$1 billion for its second Asia-dedicated fund. The regional fund will focus particularly on China, to which it plans to devote 45 to 50 percent of its corpus. Read More
Chinese e-commerce company LightInTheBox has held an initial public offering on the New York Stock Exchange, reportedly raising US$79 million. The listing marks the first initial public offering of a Chinese company on a U.S. stock exchange in 2013 to date. The company is backed by China-focused private equity… Read More
Oaktree Capital Management, a global alternative investment management firm, has invested approximately INR1.2 billion (approximately US$21 million) in India-based Cogent Glass, a pharmaceutical packaging company, acquiring a 60 percent stake in the company. Under the terms of the transaction, Oaktree’s portfolio company SGD, a French glass manufacturer for the… Read More
The private equity arm of Goldman Sachs has invested US$135 million in ReNew Power, an Indian wind energy firm. This transaction follows two prior investments made by Goldman Sachs in ReNew in 2011, collectively totaling US$250 million and giving the firm a majority stake. ReNew intends to use this… Read More
Indonesian private equity firm Saratoga Capital has listed an investment vehicle, Saratoga Investama Sedaya (SIS), on the Indonesia Stock Exchange, raising around US$151 million. The vehicle contains stakes in several of Saratoga Capital’s key holdings, including Adaro Energy and Tower Bersama Infrastructure. SIS sold 271 million new shares, representing… Read More
Chinese biotechnology company 3SBio has agreed to delist from the NASDAQ stock exchange after shareholders voted in favor of a take-private deal proposed by Chinese private equity firm CITIC Private Equity and the company’s CEO. The two parties, who own a combined 18 percent of 3SBio’s outstanding share capital,… Read More
Chinese private equity firm Shenzhen CDF Capital has participated in the RMB100 million (approximately US$16.3 million) Series B financing round of Chinese horse breeder Rider Horse. The latest investment follows the company’s August 2012 RMB120 million (approximately US$19.4 million) Series A financing round led by Hong Kong-based private equity… Read More
Emerging markets private equity firm Capital International Private Equity Funds (CIPEF) has invested PHP2.5 billion (approximately US$60.7 million) in Filipino media and entertainment company ABS-CBN. The funding is intended to expand ABS-CBN’s platform offerings, including its digital terrestrial television services. CIPEF will purchase Philippines Deposit Receipts (PDRs) issued by… Read More
The findings of this Survey are based on data collected from 112 LPs from over 30 countries. Representing public and corporate pension funds, insurance companies, sovereign wealth funds, banks, asset managers, endowments, foundations, family offices, development finance institutions, multilateral organizations and funds of funds, these institutional investors collectively represent disclosed… Read More
China-focused private equity firm Hony Capital has reduced its holding in Shanghai Stock Exchange-listed publishing company Jiangsu Phoenix Publishing & Media. Hony sold 25 million shares of Phoenix at a price range of RMB8 to RMB8.89(approximately US$1.29 to US$1.44) per share, for a total transaction value of roughly US$32.3… Read More
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