Asia-Pacific

Yucaipa buys stake in Xinhua Finance

After years of unsuccessful bids for US news agencies, Ron Burkle's investment firm has acquired a stake in China's Xinhua Finance Media.

Morgan Stanley raises $1.5 billion for new Asia fund

Morgan Stanley’s Asia private equity group has raised $1.5 billion for the firm’s third Asia-focused fund, underlining the US bank's renewed commitment to the asset class.

CVC cuts ties with Citi for third pan-Asian fund

CVC Capital Partners is ending a joint venture with Citi for its third Asian fund. CVC Asia Pacific Fund III is expected to close well above a $4 billion target.

3i North Asia head quits(3)

The UK-based private equity group has lost 20-year veteran Jamie Paton, head of its Hong Kong office and the man charged with leading the firm’s investment activity in North Asia.

CVC Asia Pacific buys Taiwan blind maker(3)

CVC Asia Pacific is taking a listed Taiwanese maker of blind and window shutters private for NT$18 billion ($547 million).

KKR’s Chinese cement deal is third for $4bn Asia fund

Kohlberg Kravis Roberts has invested $115 million in its first private equity transaction in China. It is the third for a $4 billion fund KKR has raised, its first Asia-dedicated investment vehicle.

3i makes second US growth capital investment

The UK-listed private equity group has made a growth capital investment in a Canadian plastic manufacturer – its second North American deal since opening a US office last year.

Cerberus taps Nardelli to head Chrysler(3)

Former Home Depot head Bob Nardelli will lead Cerberus’ turnaround of US automaker Chrysler.

Citi makes two Turkish venture investments(3)

The venture capital business of Citi Alternative Investments has bought stakes in two Turkey-quoted retail companies as it seeks to increase its exposure to the region.

CVC Asia Pacific buys Taiwan blind maker(2)

CVC Asia Pacific is taking a listed Taiwanese maker of blind and window shutters private for NT$18 billion ($547 million).