Asia-Pacific

India still hot for VC(2)

India continues to be an increasingly attractive prospect for venture capitalists. The first quarter saw an increase in investment, while the number of successful exits offers further cause for optimism.

CITIC smashes target with $425m debut China fund(2)

CITIC Capital Partners has raised $425 million for its first China-focused private equity fund, smashing its $350 million hard cap. Investors are banking on CITIC to access control deals in Chinese state-owned enterprises.

Sun Capital closes $6bn fund(2)

The Boca Raton, Florida-based turnaround private equity firm has closed its sixth fund on $6 billion – a 300 percent increase over its previous fund.

KKR optimistic about Japan(2)

Kohlberg Kravis Roberts co-founders Henry Kravis and George Roberts have argued that Japan is set to change its attitude to private equity over time, as investors demand better returns.

Astorg buys Ethypharm(2)

French buyout firm Astorg and mezzanine provider Intermediate Capital have bought pharmaceutical company Groupe Ethypharm for an undisclosed sum.

KKR spends another $660 million in Singapore(2)

The shareholders of Singaporean engineering company MMI have accepted a take-private bid from Kohlberg Kravis Roberts. The S$1.65 per share offer values the company at about $660 million.

Industri Kapital sells Elektrokoppar after nearly 10 years(2)

Buyout firm Industri Kapital has exited from Elektrokoppar after nearly 10 years invested in the company and several difficult economic cycles in the copper industry.

Credit Suisse poaches Ritchie Capital Asian team(2)

Credit Suisse has boosted its private equity presence in Asia by hiring a team of six from hedge fund group Ritchie Capital, including new head Harjit Bhatia.

Baird sells SHE to RACO(2)

UK-based Baird Capital Partners has doubled its money by selling cooling manufacturer SHE to RACO, an Italian automotive manufacturing group.

Venture capital investment in China grows(2)

In 2006, venture capital investments in mainland China reached its highest point in three years and the scope of non-technology investments have also broadened, according to a study by Dow Jones VentureOne and Ernst & Young.