Private Equity

East Asia

Lehman, IBM dissolve $180m Asian joint venture

The joint venture to provide growth capital to Chinese companies was created in 2006 with commitments of $90m each from Lehman Brothers and International Business Machines.

1 min read · 05 January 2013

Report: Carlyle sues Sequoia executive over China deal

Carlyle is reportedly demanding $206m in estimated profits lost due to a Sequoia executive allegedly backdating an agreement with a Chinese medical research company to win the deal.

1 min read · 05 January 2013

TPG in $162m Indian finance deal

The global private equity firm is to buy a 55% stake in Shriram Retail, having originally offered to acquire a 49% stake for $120m.

1 min read · 05 January 2013

Report: CIC will not bailout troubled Western banks

China’s $200bn sovereign wealth fund has said that it will not pump money into troubled western financial institutions citing a lack of ‘sincere cooperation’ on the part of the US government.

2 min read · 05 January 2013

Temasek sells PowerSeraya for S$3.8bn

The sale of the power company comes a week after Temasek said it had scrapped the auction, citing unfavourable market conditions. It has now sold all three of its power companies in 2008 for a sum of S$11.7bn.

2 min read · 05 January 2013

KKR eyes $100m Chinese dairy deal

The private equity firm may back a dairy business that has been linked to a milk scandal in China. The scandal resulted in the deaths of four infants, and the illness of more than 50,000 people after dairy products were found to be contaminated.

1 min read · 05 January 2013

CVC Asia Pacific to de-list Hong Kong beauty company

The firm will pay roughly HK$2.4bn to add Natural Beauty on to existing portfolio company Global Radiance.

1 min read · 05 January 2013

Investcorp, Barclays buy Italian vending machine maker for €800m

The private equity firms acquired Europe’s largest food and beverage vending machine maker from Merrill Lynch Global Private Equity and Argan Capital using about €600m of debt arranged by eight lenders.

1 min read · 05 January 2013

EQT, ATP to buy Danish IT company for $341m

European buyout firm EQT will own 85% of KMD following the buyout from Local Government Denmark to be completed in early 2009.

2 min read · 05 January 2013

Carlyle invests $50m in Beijing school

The Washington DC-based private equity giant has invested in China’s education sector, in a week that has also seen the firm close its Warsaw office and Sydney-based Asian leveraged finance group.

1 min read · 05 January 2013

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