Australian PE CHAMP to buy majority stake in Marand Precision Engineering

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The transaction is a rare investment by CHAMP Private Equity in Australia’s growing defence manufacturing sector.

Champ Private Equity

Edelweiss eyes $1b corpus for latest alternative investment fund

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In January, Edelweiss closed its distressed assets focused fund EISAF II, raising a corpus of $1.3 billion.


US pension fund commits $10m to Indian PE firm True North’s sixth fund

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True North is looking to raise $900 million for its new fund, True North VI LLP.


Apax, Warburg Pincus agree to buy satellite operator Inmarsat for $3.4b

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The deal would mark a return for Apax, which was part of a consortium of investors that bought Inmarsat in 2003 and took it public two years later.


India: Sequoia-backed Finova raises $15m from Faering Capital, others

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Existing investor Sequoia India also participated in the Series B funding round.


Flexstone, Australia’s Hostplus to launch US private equity programme

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Flexstone will invest over the next three years in the first, second, or third funds of US mid-market PE managers on behalf of the Australian superannuation fund.


PE firm KV Asia Capital said to target $300m for upcoming Fund II

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The firm is currently working on the last few investments from its $263-million first fund.


Chinese funds hiring Indian executives as they seek to hike deal flow from region

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Chinese funds have become more active on the ground, engaging with the Indian ecosystem rather than just coming and scouting for deals.


Singapore’s Challenger Tech gets take-private offer from Dymon Asia

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The private equity firm-backed group has made a cash exit offer for all of its shares at S$0.56 per share ($0.42 per share).


Malaysia’s PNB rules out any plans to issue exchangeable bonds

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PNB has denied that its board had approved or considered any plans of an exchangeable bond programme.