Siddharth Poddar
3i and CVC Capital are reportedly in the running to acquire the printing and publishing business of the F&N Group, which is looking to sell the unit for at least $400m.
The Asia-focused private equity firm is backing the expansion plans of RSP Design Consultants - Baring's second investment in the construction and infrastructure services sector in India this year.
Abraaj Capital has invested in Turkey's Numarine to help expand the company's production facilities as it looks to take advantage of the growing market for luxury yachts in the Middle East, Asia and Eastern Europe.
The two private equity firms are reportedly looking to sell the Singaporean metal stamping company for about S$1bn just over a year after acquiring it for S$552m. KKR, CVCI and Affinity Equity Partners are potential buyers, initial reports suggest.
China's first wholly domestic private equity fund is reportedly in talks with Xugong to acquire a 45 percent stake in the construction equipment manufacturer. Carlyle's bid, agreed three years prior, failed to gain regulatory approvals and stirred opposition pertaining to foreign ownership of domestic assets.
The veteran venture capital firm has closed its second growth fund focused on India, bringing its total India-dedicated assets under management to $1.8bn.
Global Investment House has purchased a controlling stake in Al Sawani and will be injecting another $100m in the company to fund its regional acquisitions.
The sovereign fund, which has received US antitrust approval to raise its stake in Merrill Lynch, has doubled its profits to S$18.2 billion. Though it predicts continued credit market fallout will dampen the economy, Temasek has indicated it will continue to do direct deals in financial services.
The $72bn flagship company of Taiwanese financial services group Cathay Financial has become an LP for Blackstone's latest mega-fund. Andrew Kuo, an independent non-executive director at Cathay Financial, is vice chairman of Blackstone's Greater China operations and a managing director in its Hong Kong office.
SHUAA Capital has raised $240m for the first close of its hospitality fund focused on Saudi Arabia, ‘the first private equity fund domiciled in the Kingdom'. The fund will develop 17 hotels, apartments and resorts in the country.