Siddharth Poddar
The Carlyle Group is reportedly buying Australia’s Contract Aviation which was to set to go for an initial public offering of shares in March.
The BlackBerry Partners Fund has teamed up with China Broadband Capital Partners to manage a $100m fund.
The India-focused fund manager will not be drawing down the entire $1.25bn it raised in 2007 as the number and quality of ‘good investment stories will get limited’.
KKR and CVC have reportedly submitted a joint A$1.84bn bid for the Australian hospital operator, which has already received another takeover bid from a separate private equity consortium.
Former CVCI India head Ajay Relan will make growth equity investments in the Indian mid-market through the newly formed CX Partners.
The Mumbai-based alternative investment firm will start raising capital for a new growth capital fund by the end of 2010.
TPG has reportedly sold a little over half of its 4% stake in China’s Ping An Insurance, which it last week swapped for its stake in Shenzhen Development Bank.
JC Flowers-backed Shinsei Bank and Cerberus-owned Aozora Bank have terminated a merger agreement they signed in July 2009.
The Mumbai-based firm is also set to begin marketing a $100m real estate fund targeting domestic opportunities.
The deal will give KKR continuing exposure to India's developing residential, commercial and public sector infrastructure.