3i and Khazanah, the investment arm of the Malaysian government, have completed a $620 million investment in what has been described to be the largest private placement for an Asian start-up. Each cornerstone investor committed $200 million to create the first pan-Asia focused independent reinsurer.
2 min read · 11 January 2013
Warburg Pincus has acquired a 20 percent stake in 7 Days, a budget hotel chain in China. The investment has been made from the firm’s first global real estate fund which closed on $1.2 billion in October.
1 min read · 11 January 2013
Advantage Partners, a Tokyo-based private equity firm raising its fourth fund, has agreed to buy the financial business of Japan’s fallen internet giant Livedoor.
2 min read · 11 January 2013
Dubai-based Abraaj Capital has acquired a controlling stake in a Pakistani forging house that specializes in steel components for the automotive industry. The deal is a first for Abraaj BMA Pakistan Buyout Fund, a $300 million investment vehicle.
1 min read · 11 January 2013
Lone Star’s cofounder and chairman is thinking about terminating a $7.3 billion deal to sell its stake in Korea Exchange Bank because of widening probes into its 2003 purchase. Local prosecutors have indicted the bank and Lone Star on stock manipulation charges.
2 min read · 11 January 2013
Qantas Airways’s shares rose to record high and closed 15 percent higher today after the national carrier confirmed an approach by Macquarie Bank and Texas Pacific Group.
2 min read · 11 January 2013
The Blackstone Group and The Carlyle Group and Singapore’s Temasek Holdings are reportedly keen to acquire a stake in a new tower management subsidiary of Reliance Communications, one of India’s largest telecommunications operators.
1 min read · 11 January 2013
Matrix Partners India, co-founded by local and US partners, is investing to expand Yo! China, a Chinese fast food chain, across India.
1 min read · 11 January 2013
The Carlyle Group’s investment in Advanced Semiconductor Engineering, valued at $6.4bn, has prompted the government to review the its existing investment restrictions and tax regulations.
1 min read · 11 January 2013
Lone Star will not proceed with a planned lucrative exit from Korea Exchange Bank because of continuing investigations surrounding its investment in 2003.
2 min read · 11 January 2013
