Asia-Pacific

Hands set to take EMI

Guy Hands’ company Terra Firma has nearly reached the necessary shareholder acceptance rate in its bid for EMI, as reports in the Chinese media suggest the buyout firm may sell the business on to Chinese mobile company China Mobile Corporation.

Carlyle pulls out of Guangdong Bank bid

The Carlyle Group has pulled out of a Citigroup consortium vying for a stake in Guangdong Development Bank.

CDC expands with four appointments(3)

Four directors have been appointed at UK government-backed emerging markets fund of funds CDC, as the business continues to diversify its investment activities.

General Atlantic hires Warburg, McKinsey pros for Asian push

General Atlantic has added to its Hong Kong and Mumbai teams with the new hires of Jeff Leng and Ranjit Pandit.

Milestone makes it five exits for the year(3)

Anglo-French buyout firm Milestone Capital Partners has completed another exit from its third fund with the sale of dry cleaning business 5àSec. It has now returned 60 percent of investors’ commitments with over half of its original deals still in the portfolio.

CVC to buy Samsonite for $1.7bn(3)

European private equity firm CVC Capital Partners has agreed to buy US-based Samsonite Corporation, a designer and manufacturer of luggage. The deal is part of a drive to increase CVC’s US presence.

Oaktree makes first investments from Asia-dedicated fund

Oaktree Capital Management has raised $577 million for its first Asia-dedicated private equity fund. The alternative asset specialist which has been operating in Asia since 1998, expects to deploy 80 percent of the fund in Japan and Greater China.

Milestone makes it five exits for the year(2)

Anglo-French buyout firm Milestone Capital Partners has completed another exit from its third fund with the sale of dry cleaning business 5àSec. It has now returned 60 percent of investors’ commitments with over half of its original deals still in the portfolio.

Milestone makes it five exits for the year

Anglo-French buyout firm Milestone Capital Partners has completed another exit from its third fund with the sale of dry cleaning business 5àSec. It has now returned 60 percent of investors’ commitments with over half of its original deals still in the portfolio.

Tudou.com raises $19m from US, Asian firms

General Catalyst Partners, a US venture capital firm, and Capital Today, a Chinese private equity firm, recently led a $19 million funding round for Tudou.com, one of China’s most popular internet video website.