Siddharth Poddar
Unison Capital has offered to acquire a 35.2% stake in Aderans Holdings for approximately ¥14.7bn.
Her departure, a possibility PEO reported last week, is a huge blow to ICICI Venture, which is currently in the market for a $1.2bn fund.
China’s RMB563bn national pension fund will reportedly back at least three to five private equity fund managers in 2009 as it looks to build its private equity portfolio. It is also set to increase its exposure to direct investments in state-owned enterprises.
The head of India’s largest and oldest private equity firm is likely to soon end her eight-year reign, reportedly to launch her own firm.
3i and Oman Investment Fund are among investors that have reportedly invested INR2.6bn in Neo Sports Broadcast, which holds TV rights to all domestic and international cricket played in India till March 2010.
UAE-headquartered Abraaj has obtained government approval for a controlling stake in Karachi Electric Supply, the sole power provider for the city's financial centre, through a $361m investment. It is the firm's fourth deal in Pakistan, where last year it established a six-person investment team led by Farrukh Abbas.
The shifts being seen in Western LP-GP relationships are also surfacing in Asia, writes Siddharth Poddar.
CLSA Capital Partners is planning to launch its second buyout fund focused on the Japanese mid-market.
A consortium led by RimAsia Capital Partners has invested $11m in NeoStem to help the company expand its activities in China. RimAsia's Eric Wei sees 'huge market potential' for stem cell therapies in the country.
The India Financial Inclusion Fund has raised $58m to date for a microfinance vehicle targeting total commitments of $100m.