Clare Burrows
Vikram Pandit is the latest to target distressed opportunities in India, readying the launch of a $100m private equity fund in partnership with JM Financial.
The London-based emerging markets firm has invested about $60m in Philippine media conglomerate ABS-CBN.
The value of private equity exits jumped 66% year-on-year, although GPs still struggled to raise capital, according to Bain & Company’s India Private Equity Report 2013.
The development bank has committed $20m to Armstrong Asset Management shortly after the firm closed its first deal from the new fund.
The 14% stake in concrete producer Lafarge India represents one of the largest private equity investments in the country this year.
Ex-Hony Capital investment director Ron Li has joined the Switzerland-based fund of funds in Beijing to lead its China operations in private equity and real assets.
The China-focused buyout fund has agreed to buy US-listed AsiaInfo-Linkage alongside its co-founder at a 53% premium over its 30-day average.
The Australian LP is questioning its fund managers about issues relating to corporate governance as investors become increasingly diligent about their investments.
After closing an $11.2 billion global fund, the private equity firm will hire a Singapore-based investment professional and expand its reach into Southeast Asia.
The firms stand to gain a 7x return for their stake in Indonesian national bank TPN after selling 40% to Japan’s Sumitomo Mitsui Banking Corporation over two separate transactions.