Sharon Lim

Sequoia Capital India has injected an additional $10 million into a software testing company following its first investment of two years ago.

Korean prosecutors have raided Korea Exchange Bank as part of continuing investigations aimed at unravelling irregularities surrounding the bank’s acquisition by Lone Star in 2003.

The storm over foreign private equity investment in Korea claims another scalp as tension is reported to be rising between the government and the tax service.

Following the implication of yet another Vogo executive in the Korean government’s investigation of Lone Star’s ownership of Korea Exchange Bank, the Seoul-based private equity firm has halted an ongoing fund marketing process.

A consortium led Macquarie Bank is vying with US private equity firm TPG-Newbridge to acquire the telecommunications and media assets of Hong Kong-listed PCCW in what could be a deal worth over $7 billion.

Korean private equity firm Vogo Investment is pushing ahead with fundraising in spite of bribery charges levelled at one of its co-founders Byeon Yang Ho.

The Board of Audit and Inspection of Korea, an independent government agency, has found Lone Star to be an “unqualified buyer” of Korea Exchange Bank, potentially derailing a lucrative sale.

A relative newcomer to the Asian buyout space, Kohlberg Kravis Roberts is the $1.35bn winner in Australia’s closely-watched auction of two subsidiaries of Brambles Industries.

Morgan Stanley Real Estate has invested some $65 million in a real estate developer based in New Delhi, its third deal in Indian property this year.

Standard Chartered Private Equity has invested HK$370 million in a Chinese real estate development company, its second investment in a mainland China property in less than two months.