Siddharth Poddar
CLSA Capital Partners has invested $30m to back the expansion of a fibreglass yarn-maker. Giving the firm an eventual 14 percent stake in Fulltech Fiber Glass, it is the seventh investment from the firm's pan-Asian growth fund.
Permira has hired a former Goldman banker in its recently established Hong Kong office to lead its efforts in Greater China. The firm's second Asian office now has four investment professionals.
CHAMP Private Equity will reportedly sell United Malt and International Energy Services, as it plans to hit the fundraising track for its third buyout fund.
The Cleveland, Ohio-headquartered firm has acquired a Korean preschool operator, its second deal in Asia, and its 20th in 2008.
Candover, Englefield and Apollo have joined the increasing number of private equity firms flocking to set up shop in Mumbai. All three firms have appointed heads of their respective teams; Candover has tapped Goldman Sachs' former co-head of principal investments, Harsha Raghavan.
Taiwanese venture firm PAC-LINK and Japanese venture firm Japan Asia Investment Company are among backers of a Shanghai-based video game developer. Ultizen develops games including Kung Fu Piggy, a massively multiplayer online game.
Sydney-based AMP Capital Investors is backing Gayatri Infra Ventures, a subsidiary of an Indian road construction company. The deal is its maiden investment from its Asian Giants Infrastructure Fund, which is currently raising capital to target Chinese and Indian investments.
The Mumbai firm begins giving shape to its private equity plans with the hire of Shailendra Bhandari to head the newly formed venture.
Reliance Capital, a part of the Anil Ambani-led Anil Dhirubhai Ambani Group, is set to raise capital to invest in India's services, logistics, real estate and pharmaceutical sectors.
Australia’s largest railway and port operator has decided to not allow the US private equity firms to conduct due diligence needed to finalise a bid. The initial offer from TPG and GIP ‘undervalues the business', the company has said.