Saudi-based ICD halts plan for $1b infrastructure fund with IL&FS’ PE arm

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In January, ICD signed a shareholder agreement with the PE arm of IL&FS to launch an Africa-focused infrastructure fund with $105 million in seed capital.

IIFL’s PE arm said to have acquired KadaiEshwar Housing Finance

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The deal size is estimated to be around Rs 100 crore ($13.5 million).


PE firm L Catterton partially exits Chinese mall operator Sasseur

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The PE firm has substantially reduced its shareholding from 58.86 per cent to 1.36 per cent.


Carlyle picks stake in Chinese pathology services provider Adicon

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The buyout major made the investment from its $6.5-billion Carlyle Asia Partners V fund.


ASEAN-focused China fund seeks at least $1b for latest vehicle’s first close

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China-ASEAN Investment Cooperation Fund (CAF) is reportedly seeking up to $3 billion for its latest fund.


PE firm Southern Capital targets final close of $500m fourth fund in January

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The vehicle has so far raised $280 million and expects to secure further commitments from now through December.


KKR mulls buying out road assets of Indian shadow lender IL&FS

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For its India infrastructure business, KKR has hired Hardik Shah from investment management firm Brookfield Asset Management, where he was responsible for sourcing and executing infrastructure deals.


Asia headed for deeper buyout penetration, say leading PE players

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About 70-80 per cent of buyouts in Asia today are secondaries i.e. from one PE firm to another. 


KKR seeks to buy assets from stressed Indian NBFCs

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KKR’s two Indian credit units may spend as much as 20 billion rupees ($270 million) combined to purchase portfolios from local NBFCs.


Malaysia’s Ekuinas divests stake in mobile transaction gateway Tranglo to TNG for $27.6m

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The divestment gives Ekuinas an IRR of 26.8% and money multiple of 1.96 times the capital invested.