CCMP Capital Asia and Affinity Equity Partners are selling their shares in Mando Corp back to the original vendor of the Korean auto parts maker ten years after insolvency threats forced the disposal.
TPG’s move to appoint an executive retired from a known corporate brand mirrors similar efforts undertaken by other international private equity firms such as KKR and Bain Capital.
Jayanta Banerjee has returned to ICICI Venture after a six-month stint at Lehman Brothers where he was leading the bank’s private equity investments for India. He will kick-start fundraising for the firm.
Australia-focussed Propel Investments, a recent spin-out of Deutsche Bank’s Australian private equity unit, has recruited two professionals to add to an existing seven-strong team.
Northstar, one of a very small handful of Indonesia-focussed private equity fund managers, has raised $110 million for a debut fund, which attracted a $15 million commitment from TPG Capital.