Pan-Asian energy and infrastructure-focused fund manager Equis Funds Group has closed its first fund, Equis Asia Fund I, with US$647 million in commitments, exceeding the fund’s original target of US$500 million. The fund raised capital from endowments, insurance companies, pension and superannuation funds, and multilaterals from North America, Europe… Read More
As 2012 came to a close, EMPEA reached out to a number of the industry’s leading practitioners to solicit their reflections on the year gone by, and to glean insights on the prospects for emerging markets private equity in the year ahead. The Global Firms’ Views Paul Fletcher, Senior Partner,… Read More
The Abraaj Group, a private equity investment firm focused on global growth markets, has announced its exit from Thai restaurant chain Hot Pot through an initial public offering on the Stock Exchange of Thailand. The Abraaj Group invested in the chain through its first Southeast Asia fund in 2006,… Read More
Chinese digital media operator Focus Media has agreed to a merger agreement with holding company Giovanna Parent and its subsidiary Giovanna Acquisition, in which Focus Media will be acquired for US$27.50 per American Depositary Share (equivalent to five ordinary shares). Following the merger, Giovanna Parent will be owned by… Read More
Viewpoint from EMPEA President and CEO SARAH ALEXANDER Raising funds, particularly for mid-sized private equity funds, is more difficult than it has been in years. EMPEA’s Q3 statistics show a difficult environment for fundraising on a pan-emerging market basis. Through the first nine months of the year, 110 funds raised… Read More
Download the full article here. Over the last few years, we have seen a significant drop in private equity capital flowing into emerging markets, with a greater percentage of this funding concentrating on a fewer number of larger funds active in a handful of core markets. Average… Read More
Rebecca Xu, Co-Founder and Managing Director of Asia Alternatives Management, shares her views on the changing private equity landscape in Asia following the global financial crisis and discusses key trends taking place across the region, including in China, India and Southeast Asia. Asia Alternatives is a solution platform dedicated… Read More
Global energy-focused private equity firm Denham Capital has agreed to sell its holdings in Filipino coal-fueled power plant GNPower Mariveles to Philippines-based conglomerate Ayala Corporation for US$155 million. Denham first invested in the 600 megawatt plant in June 2007 alongside power project developer Power Partners. The project has previously… Read More
Global investment firm KKR has raised US$6 billion for its second Asia-focused private equity fund. The fund will invest in growth and buyout transactions across Asia, including China, India and Southeast Asia. The latest fund follows KKR’s first pan-Asia private equity fund, which closed with US$4 billion in capital… Read More
Indian telecommunications infrastructure company Bharti Infratel has priced an initial public offering, raising approximately US$764 million from institutional and retail investors. Bharti Infratel issued new shares, to be listed on India’s National Stock Exchange and the Bombay Stock Exchange, that reportedly amount to over three-quarters of the 188.9 million… Read More
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