Yvette Choo
First Eastern and Blackstone have taken advantage of an onshore fund pilot programme in Shanghai, as China's big cities jockey to become the country's private equity centre.
Joining KKR and others already invested in China's dairy sector, the PIPE deal will give Sequoia an 8.7% stake in Beijing-headquartered American Dairy.
TPG has teamed up to buy an 11% stake in Wumart with Chinese private equity firm Hony Capital and its parent, Legend Holdings.
Wang Jiansheng, who has led both Cerberus' and the IFC's China operations, will primarily focus on Actis' investments in China’s financial services sector.
Southeast Asian banking veteran Stephen CuUnjieng will advise New York-based Evercore, which is raising a $500m private equity fund with China’s CITIC Securities.
The investment firms have partnered to target private equity investments in the Indian logistics and warehousing sector.
The Israeli private equity firm has put growth capital into Yavne, Israel-based Aeronautics as it continues raising $250m for its debut fund.
The clean energy-focused firm has also made two new hires ahead of the final close of its Amadeus Asian Clean Energy Fund.
Standard Chartered's former CEO, Michael Denoma, will help the firm build its business in Asia, the Middle East and Europe.
UBS has reportedly written off more than A$500m of Stella Group’s debt in return for a 40% stake in the travel and hospitality company.