East Asia

Report: TPG eyes 40% stake in Japanese lender(2)

TPG Capital, the US-based private equity firm, is reportedly keen to acquire up to a 40 percent interest in Japan-listed NIS Group, a Tokyo-based lender to small businesses.

Advantage Partners to make first solo acquisition outside Japan

The local Japanese buyout firm is set to acquire a US-based automotive leather interiors provider, beating The Carlyle Group in its bid, in what the firm calls ‘a big first step’ to becoming a ‘global firm’.

Global holds $500m first close on MENA fund(3)

Global Capital Management, a subsidiary of Kuwaiti investment bank Global Investment House, has held a first close on its MENA fund with more than $500 million in commitments.

Blackstone, Fortress stocks hit new lows(4)

Bleak economic data has sent US stock markets tumbling – taking Blackstone and Fortress along with – one day before markets close for the Thanksgiving holiday.

Sun Capital to expand in NYC, open in Shanghai

The Florida-headquartered turnaround specialist is growing its global reach as its assets approach $10 billion.

Istithmar takes Barneys for $942m

Dubai-based private equity firm Istithmar has emerged with high-end retailer Barneys New York for a purchase price of $942m, after a month-long bidding war with Japanese clothing retailer Fast Retailing.

Blackstone, Fortress stocks hit new lows(3)

Bleak economic data has sent US stock markets tumbling – taking Blackstone and Fortress along with – one day before markets close for the Thanksgiving holiday.

ECP, Truffle pay $53m for Moroccan mines(2)

Emerging Capital Partners, in partnership with Truffle Capital, has acquired a third African mining company with its $53 million purchase of Morocco’s Compagnie Miniere de Touissit.

NEA’s founder to move to China(3)

New Enterprise Associates’ Dick Kramlich will live in Shanghai for all of 2008, helping to source deals and build relationships.

Report: Chinese insurers want access to private equity

The chairman of China’s largest life insurer wants the government to allow insurers to make private equity-style investments as well as invest in private equity funds.