Oaktree co-founder’s son buys stake in India’s ValueQuest Capital

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Andrew Marks has picked up a significant minority stake in ValueQuest Capital that manages close to $200 million in its public markets fund.

Andrew Marks

Australia’s Vocus launches org restructure in turnaround bid

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Internet company Vocus Group will separate the enterprise and wholesale arm of its Australia business into two operating segments as part of a transformation programme.


Ergo, Manulife in talks to acquire 26% stake in IndiaFirst Life Insurance

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UK’s Legal & General Group Plc plans to sell its 26% stake in IndiaFirst and has hired investment bank Ambit Corporate Finance to find a buyer for it.


SoftBank Vision Fund invests $560m in Germany’s Auto1 car portal

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The investment, which marks SoftBank’s first investment in Germany, will be made through its nearly $98-billion Vision Fund.


India: IDFC Bank announces merger with Capital First

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IDFC Bank and Capital First’s merger will create a combined entity with assets under management of Rs88,000 crore and distribution network of 194 branches.


Saudi sovereign wealth fund said to weigh bank loans for investments

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The Public Investment Fund, or PIF, has held talks with local and international banks and could raise about $5 billion this year.


Standard Chartered exits Vietnam’s Asia Commercial Bank

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ACB’s shares were trading at around VND40,000/share on Hanoi Exchange, valuing the sale at about $263.2m.


France’s Kering pares stake in Puma to focus on luxury brands

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Under the terms of the agreement, Kering will distribute to its investors 70% of the shares of Puma. The plan leaves Kering founder Francois Pinault’s holding company Artemis with about 29% of Puma shares.


China: Cashier-free stores operator Bianlifeng acquires rival Lingwa

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Bianlifeng raised $300 million from CC Zhuang, founder of Chinese online travel search portal Qunar.com and Zebra Capital last year. 


China: CITIC Capital takes controlling stake in Harbin Pharmaceutical

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CITIC Capital increased its stake in HPGC to 60.86%, making it the controlling shareholder in the company where it has been an investor since 2005.